Civic Intelligence

Spencer Chamber of Commerce

990 • Fiscal year 2017 • EIN 42-0537390

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 24, 2018

1805 Highway BlvdSpencer, IA 51301

(712) 262-5680

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.33x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

0.19x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

61st percentile

6.9%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

77th percentile

17%

Faster revenue growth than 77% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$230,203

Up $23,064 (+11%) from 2016

Net Assets

Up

$153,983

Up $27,304 (+22%) from 2016

Liabilities

Down

$76,220

Down $4,240 (-5.3%) from 2016

Revenue

Up

$396,166

Up $56,973 (+17%) from 2016

Expenses

Up

$368,862

Up $9,728 (+2.7%) from 2016

Net Income

Up

$27,304

Up $47,245 (+237%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $39,666Liabilities 2010: $23,498Net Assets 2010: $16,1682010Assets 2011: $66,660Liabilities 2011: $23,787Net Assets 2011: $42,8732011Assets 2012: $178,152Liabilities 2012: $24,410Net Assets 2012: $153,7422012Assets 2013: $136,732Liabilities 2013: $15,003Net Assets 2013: $121,7292013Assets 2014: $155,792Liabilities 2014: $11,430Net Assets 2014: $144,3622014Assets 2015: $298,941Liabilities 2015: $113,934Net Assets 2015: $185,0072015Assets 2016: $207,139Liabilities 2016: $80,460Net Assets 2016: $126,6792016Assets 2017: $230,203Liabilities 2017: $76,220Net Assets 2017: $153,9832017Assets 2018: $228,858Liabilities 2018: $49,212Net Assets 2018: $179,6462018Assets 2019: $238,081Liabilities 2019: $40,857Net Assets 2019: $197,2242019Assets 2020: $180,116Liabilities 2020: $3,503Net Assets 2020: $176,6132020Assets 2021: $235,721Liabilities 2021: $3,909Net Assets 2021: $231,8122021Assets 2022: $239,977Liabilities 2022: $3,749Net Assets 2022: $236,2282022Assets 2023: $228,268Liabilities 2023: $6,587Net Assets 2023: $221,6812023Assets 2024: $255,120Liabilities 2024: $144,734Net Assets 2024: $110,3862024

Highlighted filing

2017

Assets$230,203
Liabilities$76,220
Net Assets$153,983

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $935,1412010Expenses 2011: $1,176,1402011Expenses 2012: $385,3362012Revenue 2013: $299,807Expenses 2013: $370,320Net Income 2013: -$70,5132013Revenue 2014: $455,149Expenses 2014: $474,716Net Income 2014: -$19,5672014Revenue 2015: $422,090Expenses 2015: $381,445Net Income 2015: $40,6452015Revenue 2016: $339,193Expenses 2016: $359,134Net Income 2016: -$19,9412016Revenue 2017: $396,166Expenses 2017: $368,862Net Income 2017: $27,3042017Revenue 2018: $318,346Expenses 2018: $292,683Net Income 2018: $25,6632018Revenue 2019: $317,276Expenses 2019: $299,698Net Income 2019: $17,5782019Revenue 2020: $288,536Expenses 2020: $309,147Net Income 2020: -$20,6112020Revenue 2021: $367,967Expenses 2021: $312,768Net Income 2021: $55,1992021Revenue 2022: $340,627Expenses 2022: $336,211Net Income 2022: $4,4162022Revenue 2023: $381,117Expenses 2023: $395,664Net Income 2023: -$14,5472023Revenue 2024: $302,949Expenses 2024: $414,244Net Income 2024: -$111,2952024

Highlighted filing

2017

Revenue$396,166
Expenses$368,862
Net Income$27,304
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 24, 2018
Return Version
2016v3.0
Gross Receipts
$396,166
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$133,264$126,426▼ $6,838
Cash and Non-Interest-Bearing Accounts$47,740$77,675▲ $29,935
Savings and Temporary Cash Investments$25,000$25,000→ $0
Accounts Receivable$1,135$1,102▼ $33
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$207,139$230,203▲ $23,064
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$79,459$73,413▼ $6,046
Accounts Payable and Accrued Expenses-$1,557-
Deferred Revenue$1,001$1,250▲ $249
Total Liabilities$80,460$76,220▼ $4,240
Net Assets / Fund Balance
Unrestricted Net Assets$109,340$148,784▲ $39,444
Permanently Rstr Net Assets$17,339$5,199▼ $12,140
Total Net Assets Fund Balance$126,679$153,983▲ $27,304
Total Liabilities and Net Assets / Fund Balance$207,139$230,203▲ $23,064

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$120,905$10,409$131,314
Equipment-$70,160$70,160
Other Land Buildings$5,521$11,718$17,239
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin BrownPresident
Cindy TiggesDirector
Heath RicterDirector
Jeremy ParsonsDirector
Kari RoskensDirector
Logan WoodDirector
Mike CarlsonDirector
Nathan SchmidtDirector
Mary FaberSecretary
Rod MeenderingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$175,099
Program Service Revenue
$210,814
Investment Income
$5
Other Revenue
$10,248
All Other Contributions
$5,983
Change in Net Assets
$27,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$228,885
Salaries, Compensation, and Employee Benefits$139,977
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$125,865-$125,865
All Other Expenses$23,559$7,335-$30,894
Advertising$19,545$20-$19,565
Other Expenses$12,853--$12,853
Occupancy$7,117$5,026-$12,143
Payroll Taxes-$10,336-$10,336
Insurance$1,546$5,549-$7,095
Depreciation Depletion---$6,838
Office Expenses-$5,524-$5,524
Pension Plan Contributions-$3,776-$3,776
Interest-$2,917-$2,917
Travel$662$1,963-$2,625
Fees for Services Accounting-$2,226-$2,226
Conferences and Meetings-$919-$919
Information Technology-$751-$751
Total Functional Expenses$189,817$172,207$0$368,862
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

the organization has members consisting of local businesses who provide membership dues for the operation of the Chamber.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is presented to the Board of Directors for review before submission to the IRS. Once approved by the Board the Form 990 is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each year employees and board members are required to read, review, and sign the conflict of interest policy. The interested persons are also responsible to report any changes in this situation during the year.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The salary of key employees is determined by the Executive Director using comparable salaries for the position as well as adjustments for experience in position as well as adjustments for experience in similar positions.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The salary of Key Employees is determined by the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All public documents are available for viewing in the Chamber office upon request.

Filing and Contact Details

Filer

Filer Name
Spencer Chamber of Commerce
EIN
42-0537390
Phone
7122625680
Address
1805 HIGHWAY BLVD, SPENCER, IA 51301

Signing Officer

Name
Rod Meendering
Title
Treasurer
Signed
2018-01-24
Discuss with paid preparer
Yes

Organization Details

Formed
1932
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
500

Preparer

Firm
Winther Stave & Co Llp
Address
1316 W 18TH ST PO BOX 175, SPENCER, IA 51301-0175
Preparer
Arvin D Druvenga
Phone
7122623117
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Golf Outing- A social event offering a fun activity for networking with other area business members. OTHER PROGRAM SERVICES 5: Annual Meeting- A social event used for networking as well as updates on how the Chamber benefits members and financial status reports. OTHER PROGRAM SERVICES 6: Business Before and After Hours- A monthly gathering of Chamber Members, hosted by a Chamber Member Business. Designed to build a strong business network and offer Chamber members the opportunity to meet one another. OTHER PROGRAM SERVICES 7: Ag Breakfast- A social event offering a great meal to showcase local agricultural products to business owners. OTHER PROGRAM SERVICES 8: Bowling Outing- A social event offering a fun activity for networking with other area business members. OTHER PROGRAM SERVICES 9: OTHER PROGRAM SERVICES 10: Leadership Spencer- Program developed to work together to accept leadership responsibilities and enhance our community. OTHER PROGRAM SERVICES 11: Spencer Storefront Initiative- A Program designed to assist building owners revitalize and refresh the appearance of their businesses. OTHER PROGRAM SERVICES 12: Spencer Young Professionals- A group of Young and Middle-Aged Professionals organized to assist the Spencer Chamber of Commerce in progression of the Spencer Community. Also responsible for the Chamber Chill, which is a social gathering taking place during summer months to gather the public together to enjoy music, food, and refreshments. OTHER PROGRAM SERVICES 13: Women of Vision- A program created to bring together women of the Spencer Community and provide camaraderie, intellectual and motivational messages; along with unique opportunities to socialize. OTHER PROGRAM SERVICES 14: Membership Development- Special programs to provide services and information to members. OTHER PROGRAM SERVICES 15: Ragbrai- An event put on by the state where people ride their bikes across the state of Iowa. Spencer was a stopping point, where the riders could get food, use restrooms, showers, and rest for the night.

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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Promote 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt079459
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt073413
IRS990/NetAssetsOrFundBalancesBOYAmt0126679
IRS990/NetAssetsOrFundBalancesEOYAmt0153983
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05026
IRS990/OccupancyGrp/ProgramServicesAmt07117
IRS990/OccupancyGrp/TotalAmt012143
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05524
IRS990/OfficeExpensesGrp/TotalAmt05524
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0RAGBRAI
IRS990/OtherExpensesGrp/Desc1STORE FRONT INITIATIVE GRANT
IRS990/OtherExpensesGrp/Desc2RAGBRAI GRANTS
IRS990/OtherExpensesGrp/Desc3Entertainment
IRS990/OtherExpensesGrp/ProgramServicesAmt048894
IRS990/OtherExpensesGrp/ProgramServicesAmt148641
IRS990/OtherExpensesGrp/ProgramServicesAmt227000
IRS990/OtherExpensesGrp/ProgramServicesAmt312853
IRS990/OtherExpensesGrp/TotalAmt048894
IRS990/OtherExpensesGrp/TotalAmt148641
IRS990/OtherExpensesGrp/TotalAmt227000
IRS990/OtherExpensesGrp/TotalAmt312853
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010248
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010248
IRS990/OtherRevenueTotalAmt010248
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0125865
IRS990/OtherSalariesAndWagesGrp/TotalAmt0125865
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010336
IRS990/PayrollTaxesGrp/TotalAmt010336
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03776
IRS990/PensionPlanContributionsGrp/TotalAmt03776
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt017339
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt05199
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0AG OUTLOOK
IRS990/ProgramServiceRevenueGrp/Desc1CHAMBER CHILL
IRS990/ProgramServiceRevenueGrp/Desc2FLAGFEST
IRS990/ProgramServiceRevenueGrp/Desc3RAGBRAI
IRS990/ProgramServiceRevenueGrp/Desc4STOREFRONT INITIATIVE GRA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046157
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt376212
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt436501
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt376212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt436501
IRS990/ProgSrvcAccomActy2Grp/Desc0Spencer Storefront Initiative- A Program designed to assist building owners revitalize and refresh the appearance of their businesses.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048641
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt036501
IRS990/ProgSrvcAccomActy3Grp/Desc0Ag Outlook- a gathering to share fellowship with city and farm. To present to city and farm the the Ag Outlook from leading Ag and Economic experts through a one day educational, agricultural seminar and trade show held in February.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt023243
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt046157
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0203724
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0197222
IRS990/PYOtherRevenueAmt010342
IRS990/PYProgramServiceRevenueAmt0125117
IRS990/PYRevenuesLessExpensesAmt0-19941
IRS990/PYSalariesCompEmpBnftPaidAmt0161912
IRS990/PYTotalExpensesAmt0359134
IRS990/PYTotalRevenueAmt0339193
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt027304
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt076212
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/DuesAssessmentsAmt0114116
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0120905
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010409
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0131314
IRS990ScheduleD/EquipmentGrp/DepreciationAmt070160
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070160
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05521
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011718
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017239
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0126426
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Golf Outing- A social event offering a fun activity for networking with other area business members. OTHER PROGRAM SERVICES 5: Annual Meeting- A social event used for networking as well as updates on how the Chamber benefits members and financial status reports. OTHER PROGRAM SERVICES 6: Business Before and After Hours- A monthly gathering of Chamber Members, hosted by a Chamber Member Business. Designed to build a strong business network and offer Chamber members the opportunity to meet one another. OTHER PROGRAM SERVICES 7: Ag Breakfast- A social event offering a great meal to showcase local agricultural products to business owners. OTHER PROGRAM SERVICES 8: Bowling Outing- A social event offering a fun activity for networking with other area business members. OTHER PROGRAM SERVICES 9: OTHER PROGRAM SERVICES 10: Leadership Spencer- Program developed to work together to accept leadership responsibilities and enhance our community. OTHER PROGRAM SERVICES 11: Spencer Storefront Initiative- A Program designed to assist building owners revitalize and refresh the appearance of their businesses. OTHER PROGRAM SERVICES 12: Spencer Young Professionals- A group of Young and Middle-Aged Professionals organized to assist the Spencer Chamber of Commerce in progression of the Spencer Community. Also responsible for the Chamber Chill, which is a social gathering taking place during summer months to gather the public together to enjoy music, food, and refreshments. OTHER PROGRAM SERVICES 13: Women of Vision- A program created to bring together women of the Spencer Community and provide camaraderie, intellectual and motivational messages; along with unique opportunities to socialize. OTHER PROGRAM SERVICES 14: Membership Development- Special programs to provide services and information to members. OTHER PROGRAM SERVICES 15: Ragbrai- An event put on by the state where people ride their bikes across the state of Iowa. Spencer was a stopping point, where the riders could get food, use restrooms, showers, and rest for the night.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1the organization has members consisting of local businesses who provide membership dues for the operation of the Chamber.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 is presented to the Board of Directors for review before submission to the IRS. Once approved by the Board the Form 990 is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each year employees and board members are required to read, review, and sign the conflict of interest policy. The interested persons are also responsible to report any changes in this situation during the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The salary of key employees is determined by the Executive Director using comparable salaries for the position as well as adjustments for experience in position as well as adjustments for experience in similar positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The salary of Key Employees is determined by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All public documents are available for viewing in the Chamber office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0207139
IRS990/TotalAssetsEOYAmt0230203
IRS990/TotalAssetsGrp/BOYAmt0207139
IRS990/TotalAssetsGrp/EOYAmt0230203
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0175099
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0172207
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189817

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.26$0.14$0.11$0.30$0.41$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.22$0.38$0.40$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.34$0.34$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.23$0.37$0.31$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.29$0.31$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.04$0.20$0.32$0.30$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.05$0.18$0.32$0.29$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.23$0.08$0.15$0.40$0.37$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.08$0.13$0.34$0.36$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.11$0.19$0.42$0.38$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.14$0.46$0.47$0.02
2013Summary only. Only limited summary data is available for this year.$0.14$0.02$0.12$0.30$0.37$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.02$0.15$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.02$0.04$1.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.02$0.02$0.94