Form 990 for tax year 2022
Filed by WAUSAU AREA CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,444,937
- Total expenses
- $1,156,147
- Contributions and grants received
- $501,938
- Grants paid
- $0
- Program service revenue
- $995,960
- Investment income
- -$52,961
- Other revenue
- $0
- Total assets, end of year
- $2,652,548
- Total liabilities, end of year
- $700,125
- Net assets or fund balances, end of year
- $1,952,423
- Program services expenses (Part IX)
- $843,828
- Management and general expenses
- $312,319
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $843,828
Program services were 73.0% 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.
-
1f · All other contributions, gifts and grants
$501,938
-
2a · Program service revenue: MEMBERSHIP DUES
total $558,304 · related or exempt $558,304
-
2b · Program service revenue: DIRECT PROGRAMS
total $373,979 · related or exempt $373,979
-
2c · Program service revenue: MANAGEMENT FEES
total $63,677 · related or exempt $63,677
-
3 · Investment income
total $7,690 · related or exempt $7,690
-
7a · Gross sales of assets other than inventory
other assets $650,000
-
7b · Less cost or other basis and sales expenses
other assets $710,651
-
7c · Gain or loss
other assets -$60,651
-
7d · Net gain or loss
total -$60,651 · related or exempt -$60,651
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $112,446 · management and general $112,446
-
7 · Other salaries and wages
total $378,635 · program services $378,635
-
9 · Other employee benefits
total $111,457 · program services $79,266 · management and general $32,191
-
11a · Fees: management
total $22,025 · program services $14,536 · management and general $7,489
-
12 · Advertising and promotion
total $44,786 · program services $44,786
-
16 · Occupancy
total $137,299 · program services $73,713 · management and general $63,586
-
17 · Travel
total $6,686 · program services $3,103 · management and general $3,583
-
20 · Interest
total $7,514 · program services $4,960 · management and general $2,554
-
22 · Depreciation, depletion and amortization
total $53,844 · program services $29,427 · management and general $24,417
-
23 · Insurance
total $29,810 · program services $10,242 · management and general $19,568
-
24a · Other expenses: PROGRAM EXPENSES
total $314,935 · program services $311,608 · management and general $3,327
-
24b · Other expenses: TECHNOLOGY
total $40,133 · program services $26,488 · management and general $13,645
-
24c · Other expenses: LEASED EQUIPMENT
total $18,167 · program services $11,990 · management and general $6,177
-
24d · Other expenses: BANK FEES
total $16,367 · program services $16,367
-
24e · All other expenses
total -$137,957 · program services -$161,293 · management and general $23,336
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1
-
2 · Savings and temporary cash investments
beginning of year $1,146,022 · end of year $619,616
-
4 · Accounts receivable
beginning of year $213,891 · end of year $307,131
-
9 · Prepaid expenses and deferred charges
beginning of year $14,110 · end of year $50,228
-
10a · Land, buildings and equipment: cost or other basis
$1,709,069
-
10b · Land, buildings and equipment: accumulated depreciation
$220,999
-
10c · Land, buildings and equipment, net
beginning of year $1,287,748 · end of year $1,488,070
-
12 · Investments: other securities
beginning of year $100 · end of year $100
-
15 · Other assets
beginning of year $0 · end of year $187,403
-
17 · Accounts payable and accrued expenses
beginning of year $49,137 · end of year $51,550
-
19 · Deferred revenue
beginning of year $376,375 · end of year $409,919
-
23 · Secured mortgages and notes payable
beginning of year $496,191 · end of year $0
-
25 · Other liabilities
beginning of year $76,536 · end of year $238,656
-
27 · Net assets without donor restrictions
beginning of year $1,478,011 · end of year $1,861,646
-
28 · Net assets with donor restrictions
beginning of year $185,622 · end of year $90,777
Mission and programs · 2022
Mission
TO STRENGTHEN OUR MEMBER BUSINESSES AND ENHANCE OUR COMMUNITY BY BUILDING BUSINESS SUCCESS.
-
MEMBERSHIP INVESTMENT: THE CHAMBER SERVES OVER 800 MEMBERS. THOSE MEMBERS EMPLOY 30,000 PEOPLE IN THE REGION. THROUGH MEMBERSHIP INVESTMENT, THE CHAMBER IS ABLE TO SERVE AS AN ADVOCATE FOR BUSINESS, FACILITATING COLLABORATION AMONG MEMBERS AND OTHER NON-PROFIT ORGANIZATIONS AND EDUCATING MEMBERS THROUGH PROGRAMS.
Expenses $312,319 · Revenue $558,304
-
SEMINARS, EDUCATION AND BUSINESS DEVELOPMENT: THE CHAMBER PROVIDESOPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, BUSINESS DEVELOPMENT ANDEDUCATION OF EACH MEMBERS EMPLOYEES. PROGRAMS ARE DEVELOPED BASED ONMEMBER INTERESTS GATHERED THROUGH MEMBER FORUMS. BY ADDING A VIRTUALCOMPONENT TO OUR PROGRAMMING WE WERE ABLE TO REACH MORE OF OUR MEMBERSEMPLOYEES EVEN THOUGH IN-PERSON EVENTS AND ATTENDANCE WERE RESTRICTEDDUE TO THE PANDEMIC.
Expenses $531,509 · Revenue $384,695
As filed on the 2022 return.
Listed in Part VII
-
Nicole WilliamsNICOLE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerald KleinGERALD KLEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura HugginsLAURA HUGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven LipowskiSTEVEN LIPOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carrie StrobelCARRIE STROBEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith HiltsKEITH HILTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lance LeonardLANCE LEONARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimm WeberKIMM WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ted FoxTED FOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sean WrightSEAN WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Owen JonesOWEN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darren AckleyDARREN ACKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heidi FischerHEIDI FISCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg FisherGREG FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff WicklanderJEFF WICKLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave EckmannDAVE ECKMANN
PRESIDENT/CEP
- Total calculated
- $122,087
- From this org
- $108,748
- From related orgs
- $0
- Other
- $13,339
- Hours/week
- 40
-
Owen JonesOWEN JONES
CHAIRPERSON ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Nicole WilliamsNICOLE WILLIAMS
IMMEDIATE PAST CHARI
- Total calculated
- $0
- Hours/week
- 1
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
- 2022
- Filed
- 12 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441949349300019
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