Sherwood Area Chamber Of Commerce
- Assets
- $98.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sherwood, OR
- Founding
- 12/2002
- Data as of
- 12/2022
- EIN
- 93-0938421
Organization Overview
Sherwood Area Chamber Of Commerce is located in Sherwood, OR. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherwood Area 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 12/2022, Sherwood Area Chamber Of Commerce generated $137.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $168.1k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Sikkens President | 1 | $0 | |
Marc Farrar Treasurer | 1 | $0 | |
Nina Carlson Board Member | 1 | $0 | |
Jennifer Heasley Board Member | 1 | $0 | |
Eryn Ross Secretary | 1 | $0 | |
Megan Thornton Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,793 |
| Total Program Service Revenue | $2,260 |
| Membership dues | $53,775 |
| Investment income | $1,652 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,987 |
| Other Revenue | $777 |
| Total Revenue | $137,244 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $8,216 |
| Salaries, other compensation, and employee benefits | $74,044 |
| Professional fees and other payments to independent contractors | $10,354 |
| Occupancy, rent, utilities, and maintenance | $32,900 |
| Printing, publications, postage, and shipping | $437 |
| Other expenses | $39,676 |
| Total expenses | $168,127 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,658 |
| Other assets | $0 |
| Total assets | $98,750 |
| Total liabilities | $80,153 |
| Net assets or fund balances | $18,597 |