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Nonprofiteer
← FORT MADISON CHAMBER OF COMMERCE INC

Form 990 for tax year 2024

Filed by FORT MADISON CHAMBER OF COMMERCE INC.

Totals

Total revenue
$411,201
Total expenses
$449,578
Contributions and grants received
$150,894
Grants paid
$0
Program service revenue
$140,703
Investment income
$21,221
Other revenue
$98,383
Total assets, end of year
$527,854
Total liabilities, end of year
$10,555
Net assets or fund balances, end of year
$517,299
Program services expenses (Part IX)
$128,935
Management and general expenses
$320,643
Fundraising expenses
$0
Program service expenses (Part III)
$128,935

Program services were 28.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $133,914

  • 1f · All other contributions, gifts and grants

    $16,980

  • 2a · Program service revenue: COMMITTEES & PROJECTS

    total $128,353 · related or exempt $128,353

  • 2b · Program service revenue: ADVERTISING

    total $12,350 · unrelated business $12,350

  • 3 · Investment income

    total $21,221 · excluded $21,221

  • 11a · Other revenue: LEASED EMPLOYEE INCOME

    total $60,843 · related or exempt $60,843

  • 11b · Other revenue: REIMBURSEMENT INCOME

    total $26,575 · related or exempt $26,575

  • 11c · Other revenue: HOUSING INCOME

    total $6,000 · related or exempt $6,000

  • 11d · All other revenue

    total $4,965 · related or exempt $4,965

  • 11e · Other revenue, total

    $98,383

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $204,402 · management and general $204,402

  • 9 · Other employee benefits

    total $7,771 · management and general $7,771

  • 10 · Payroll taxes

    total $15,800 · management and general $15,800

  • 11c · Fees: accounting

    total $7,735 · management and general $7,735

  • 11g · Fees: other

    total $820 · management and general $820

  • 12 · Advertising and promotion

    total $22,100 · management and general $22,100

  • 13 · Office expenses

    total $25,604 · management and general $25,604

  • 14 · Information technology

    total $10,890 · management and general $10,890

  • 16 · Occupancy

    total $17,306 · management and general $17,306

  • 17 · Travel

    total $4,669 · management and general $4,669

  • 22 · Depreciation, depletion and amortization

    total $883 · program services $883

  • 23 · Insurance

    total $2,726 · management and general $2,726

  • 24a · Other expenses: PROGRAM EXPENSE

    total $123,853 · program services $123,853

  • 24b · Other expenses: COGS

    total $4,199 · program services $4,199

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $364 · management and general $364

  • 24d · Other expenses: TRAINING AND EDUCATION

    total $324 · management and general $324

  • 24e · All other expenses

    total $132 · management and general $132

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,255 · end of year $85,039

  • 2 · Savings and temporary cash investments

    beginning of year $289,780 · end of year $424,765

  • 4 · Accounts receivable

    beginning of year $10,695 · end of year $14,150

  • 10a · Land, buildings and equipment: cost or other basis

    $6,181

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,281

  • 10c · Land, buildings and equipment, net

    beginning of year $4,783 · end of year $3,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,939 · end of year $5,055

  • 19 · Deferred revenue

    end of year $5,500

  • 27 · Net assets without donor restrictions

    beginning of year $546,574 · end of year $517,299

Mission and programs · 2024

Mission

THE MISSION OF THE FORT MADISON CHAMBER OF COMMERCE IS TO PROMOTE RETIAL AND COMMERCIAL DEVELOPMENT AS WELL AS TOURISM IN FORT MADISON AND THE SURROUNDING AREA.

Activities or mission (Part I)

THE MISSION OF THE FORT MADISON CHAMBER OF COMMERCE IS TO PROMOTE RETAIL AND COMMERCIAL DEVELOPMENT AS WELL AS TOURISM IN FORT MADISON AND THE SURROUNDING AREA.

  • ANNUAL ACTIVITIES TO PROMOTE FORT MADISON, IOWA

    Expenses $128,935 · Revenue $140,703

  • ANNUAL ACTIVITIES TO PROMOTE TOURISM IN FORT MADISON, IOWA.

As filed on the 2024 return.

Listed in Part VII

  • Timothy Gobble

    EXECUTIVE DI

    Total calculated
    $86,775
    From this org
    $86,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Savanna Collier

    EXECUTIVE DI

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Justina Cullen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Carol Delaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Gendron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Madalyn Gronewold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Corey Kelch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Angela King

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Morgan Kokjohn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kim Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jess Sutcliffe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Derek Swan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darcie Uhlmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ryan Wilson

    CHAIR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 May 2025
IRS schema version
2024v5.0
Source object
202501619349301535

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