Owensboro-Daviess County Chamber Of Commerce Inc
- Assets
- $959.1k
- Revenue
- $941.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Owensboro, KY
- Founding
- 06/1934
- Data as of
- 12/2021
- EIN
- 61-0299925
Organization Overview
Owensboro-Daviess County Chamber Of Commerce Inc is located in Owensboro, KY. The organization was established in 1934. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Owensboro-Daviess County Chamber Of Commerce Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owensboro-Daviess County Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Owensboro-Daviess County Chamber Of Commerce Inc generated $941.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $863.6k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LEADERSHIP, ADVOCACY AND MEMBER SERVICES THAT FOSTER GROWTH AND ECONOMIC PROSPERITY FOR OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROOSTER BOOSTER BREAKFAST IS SPONSORED BY A MEMBER EACH MONTH. ITS PURPOSE IS TO EDUCATE MEMBERS OF THE COMMUNITY REGARDING LOCAL CONCERNS THROUGH A PRESENTATION BY A GUEST SPEAKER. IT ALSO PROVIDES LOCAL NETWORKING OPPORTUNITIES.
THE GOLF CLASSIC IS SPONSORED TO PROVIDE NETWORKING OPPORTUNITIES FOR MEMBERS.
THIS NINE MONTH CLASS IS A PROGRAM FOR LEADERSHIP DEVELOPMENT AND COMMUNITY LEARNING. INDIVIDUALS MUST APPLY AND BE ACCEPTED INTO THE PROGRAM. AFTER SUCCESSFUL COMPLETION, A GRADUATION CEREMONY IS HELD.
THE CHAMBER SPONSORS VARIOUS PROGRAMS TO DEVELOP AND MAINTAIN A FAVORABLE LOCAL BUSINESS CLIMATE, TO PROVIDE LEADERSHIP, TO ENHANCE POSITIVE ECONOMIC DEVELOPMENT, AND TO IMPROVE THE QUALITY OF LIFE THROUGH EDUCATION AND NETWORKING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candance Brake President And CEO | Officer | 40 | $174,184 |
Terra Knight Board Of Directors | Trustee | 0 | $0 |
Matt Hayden Board Of Directors | Trustee | 0 | $0 |
Michael Johnson Board Of Directors | Trustee | 0 | $0 |
Father Larry Hostetter Board Of Directors | Trustee | 0 | $0 |
Joanna Shake Board Of Directors | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $365,588 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,721 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,309 |
| Total Program Service Revenue | $204,427 |
| Investment income | $8,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $941,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | -$2 |
| Compensation of current officers, directors, key employees. | -$1 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,725 |
| Pension plan accruals and contributions | $17,255 |
| Other employee benefits | $0 |
| Payroll taxes | $39,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,435 |
| Office expenses | $14,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,621 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,170 |
| Insurance | $5,299 |
| All other expenses | $24,568 |
| Total functional expenses | $863,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,771 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,013 |
| Net Land, buildings, and equipment | $27,642 |
| Investments—publicly traded securities | $410,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $959,124 |
| Accounts payable and accrued expenses | $61,219 |
| Grants payable | $0 |
| Deferred revenue | $33,305 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $94,524 |
| Net assets without donor restrictions | $864,600 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $959,124 |
Endowment Analysis
| Beg. Balance | $334,789 |
| Earnings | $81,897 |
| Admin Expense | $5,827 |
| Ending Balance | $410,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $168,414,298 | $101,751,321 |
International Code Council Inc Country Club Hills, IL | $173,275,221 | $89,069,791 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
American Property Casualty Insurance Association Chicago, IL | $156,045,230 | $59,541,606 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |