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← SPENCER CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by SPENCER CHAMBER OF COMMERCE.

Totals

Total revenue
$302,949
Total expenses
$414,244
Contributions and grants received
$235,521
Grants paid
$0
Program service revenue
$47,099
Investment income
$5,909
Other revenue
$14,420
Total assets, end of year
$255,120
Total liabilities, end of year
$144,734
Net assets or fund balances, end of year
$110,386
Program services expenses (Part IX)
$259,750
Management and general expenses
$154,494
Fundraising expenses
$0
Program service expenses (Part III)
$18,750

Program services were 62.7% 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

    $140,521

  • 1e · Government grants (contributions)

    $95,000

  • 2a · Program service revenue: AG OUTLOOK

    total $37,539 · related or exempt $37,539

  • 2b · Program service revenue: AMBASSADORS

    total $2,850 · related or exempt $2,850

  • 2c · Program service revenue: CHAMBER BOWLING

    total $6,075 · related or exempt $6,075

  • 2d · Program service revenue: FLAGFEST

    total $100 · related or exempt $100

  • 2e · Program service revenue: TAKE A BREAK

    total $500 · related or exempt $500

  • 2f · All other program service revenue

    total $35 · related or exempt $35

  • 3 · Investment income

    total $5,909 · related or exempt $5,909

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other income

    total $14,420 · excluded $14,420

  • 11e · Other revenue, total

    $14,420

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $71,778 · program services $35,889 · management and general $35,889

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $150,146 · program services $126,354 · management and general $23,792

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $26,553 · program services $18,905 · management and general $7,648

  • 10 · Payroll taxes

    total $20,279 · program services $14,438 · management and general $5,841

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,270 · program services $93 · management and general $2,177

  • 12 · Advertising and promotion

    total $37,855 · program services $33,986 · management and general $3,869

  • 13 · Office expenses

    total $8,916 · program services $187 · management and general $8,729

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $17,155 · program services $1,160 · management and general $15,995

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $6,384 · management and general $6,384

  • 23 · Insurance

    total $5,447 · management and general $5,447

  • 24a · Other expenses: MISC. PROGRAM EXPENSE

    total $19,474 · program services $18,750 · management and general $724

  • 24b · Other expenses: MISC. ADMIN EXPENSE

    total $11,734 · program services $288 · management and general $11,446

  • 24c · Other expenses: AWARDS/PRIZES/GIFTS/PLAGUES

    total $9,241 · program services $9,241

  • 24d · Other expenses: UTILITIES

    total $6,633 · management and general $6,633

  • 24e · All other expenses

    total $20,379 · program services $459 · management and general $19,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,222 · end of year $63,699

  • 2 · Savings and temporary cash investments

    beginning of year $78,334 · end of year $83,372

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $18,254 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $234,688

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

    $126,639

  • 10c · Land, buildings and equipment, net

    beginning of year $98,458 · end of year $108,049

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,587

  • 25 · Other liabilities

    end of year $144,734

  • 27 · Net assets without donor restrictions

    beginning of year $221,681 · end of year $110,386

Mission and programs · 2023

Mission

Promote civic, economic, industrial, and agricultural development. The association is committed to fostering an environment which creates jobs, enhances economic opportuinities, and improves the quality of life in the area.

  • Ag Outlook- a gathering to share fellowship with city and farm. To present to city and farm the outlook of ag from leading Ag and Economic experts through a one day educational, agricultural seminar and trade show held in February.

    Expenses $10,669 · Revenue $37,539

  • Bowling Outing- A social event offering a fun activity for networking with other area business members.

    Expenses $2,591 · Revenue $6,075

  • MEMBERSHIP DEVELOPMENT-PROVIDE EVENTS TO COMMUNITY MEMBERS TO PROMOTE GROWTH AND PROFESSIONAL DEVELOPMENT IN LOCAL BUSINESSES.

    Expenses $2,200

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Evan Kooiker

    President

    Total calculated
    $0
    Hours/week
    0.69
  • Jason Remillard

    Vice President

    Total calculated
    $0
    Hours/week
    0.69
  • Chris Self

    Director

    Total calculated
    $0
    Hours/week
    0.69
  • Lora Elsenbast

    Secretary

    Total calculated
    $0
    Hours/week
    0.69
  • Ashley Betz-Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.69
  • Tim Greenough

    Director

    Total calculated
    $0
    Hours/week
    0.69
  • Clarissa Bierstedt

    Director

    Total calculated
    $0
    Hours/week
    0.69
  • Dawn Sassman

    Director

    Total calculated
    $0
    Hours/week
    0.69
  • Nicole Nimke

    Director

    Total calculated
    $0
    Hours/week
    0.69
  • Rod Meendering

    Treasurer

    Total calculated
    $0
    Hours/week
    0.69

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
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202532249349300138

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