Monroe Chamber Of Commerce
- Assets
- $106.3k
- Revenue
- $242.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Monroe, WA
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 91-1374225
Organization Overview
Monroe Chamber Of Commerce is located in Monroe, WA. The organization was established in 1991. 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 12/2023, Monroe Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe Chamber Of Commerce 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 12/2023, Monroe Chamber Of Commerce generated $242.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $177.6k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MONROE CHAMBER OF COMMERCE IS THE PREMIER MEMBER-DRIVEN BUSINESS LEAGUE IN THE CITY OF MONROE. THE MCC WORKS ON BEHALF OF PRIVATE-SECTOR BUSINESS AND THE COMMUNITY TO DEVELOP PARTNERSHIPS; SUPPORT PROSPEROUS CONDITIONS FOR BUSINESS AND FACILITATE GROWTH NEEDED FOR A STABLE TAX BASE IN MONROE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MCC PROVIDES BUSINESS NETWORKING AND RESOURCES; EDUCATION; GOVERNMENT ADVOCACY; AND VISITOR DEVELOPMENT PROGRAMS TO ATTRACT AND INCREASE OUTSIDE VISITOR SPENDING TO SUBSIDIZE THE LOCAL ECONOMY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janelle Drews Director | Trustee | 40 | $0 |
Dany Hernandez Board Member | Trustee | $0 | |
Jesse Hogue Board Member | Trustee | $0 | |
Kimberly Lynn Board Member | Trustee | $0 | |
Carolina Mendez Board Member | Trustee | $0 | |
Mike Buse President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,484 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,606 |
| 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 | $177,090 |
| Total Program Service Revenue | $65,122 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,212 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $199 |
| Office expenses | $1,693 |
| Information technology | $791 |
| Royalties | $0 |
| Occupancy | $1,508 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $580 |
| Insurance | $4,423 |
| All other expenses | $500 |
| Total functional expenses | $177,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,204 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,315 |
| Accounts payable and accrued expenses | $4,401 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $34,600 |
| Other liabilities | $0 |
| Total liabilities | $39,001 |
| Net assets without donor restrictions | $67,314 |
| 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 | $106,315 |
Grants Awarded
Over the last fiscal year, Monroe Chamber Of Commerce has awarded $29,543 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LETS PLAY CAFE PURPOSE: RENT ASSISTANCE | $8,000 |
M & M ANTIQUES PURPOSE: RENT ASSISTANCE | $8,000 |
CASCADE BEER CANDI PURPOSE: RENT ASSISTANCE | $6,293 |
S & S BRICKS INC PURPOSE: RENT ASSISTANCE | $7,250 |