Madison Area Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 350484833 ✦ Madison, IN ✦ Designated as a 501(c)(6)

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Overview

What is Madison Area Chamber Of Commerce?

The Madison Area Chamber of Commerce is a vital nonprofit organization, situated in the area, dedicated to boosting the local economy. They accomplish this by advocating for local businesses, organizing educational seminars, providing funding for economic growth initiatives, and promoting tourism through engaging community events. By doing so, they aim to contribute positively to the region's overall prosperity.

Is Madison Area Chamber Of Commerce legitimate?

Madison Area Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Madison Area Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,751

For more financial information, click here

What is the mission statement of Madison Area Chamber Of Commerce?

The Madison Area Chamber of Commerce strives to bolster the local economy by advocating for local businesses, organizing educational seminars, providing financial assistance for economic growth, and boosting tourism through unique community events. Their primary objective is to enhance the economic vitality of the community by supporting local enterprises and fostering a conducive business environment. The chamber also plays a role in promoting tourism, which contributes to the overall economic growth of the area.

Who is the CEO of Madison Area Chamber Of Commerce?

Kelsey Shaw is the President of Madison Area Chamber Of Commerce.

What is the revenue of Madison Area Chamber Of Commerce?

Madison Area Chamber Of Commerce's revenue in 2022 was $162,615.

Who are the executives of Madison Area Chamber Of Commerce and what are their salaries?

The average compensation at Madison Area Chamber Of Commerce during 2022 was $13,750. There are 5 employees at Madison Area Chamber Of Commerce.


Here are 8 key members and their salaries:


Cari Morrison Bear (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Pennington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Record (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsey Shaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mindy Thevenow (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Ungru (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Madison Area Chamber Of Commerce?

Madison Area Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Madison Area Chamber Of Commerce

The Madison Area Chamber of Commerce, a prominent organization, is committed to boosting and enhancing its local economy. It achieves this mission by advocating for local businesses, organizing educational seminars, and providing financial assistance for economic development projects. Additionally, the Chamber plays a significant role in promoting tourism within the community by organizing special events. These events not only attract visitors but also contribute to the overall economic growth of the area.

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Impact




October, 2024

The Madison Area Chamber of Commerce plays a pivotal role in enhancing the local economy of Madison, Indiana. It actively promotes local businesses and enterprises, creating a vibrant marketplace that supports community growth. By conducting seminars, the Chamber educates business owners and aspiring entrepreneurs, equipping them with the knowledge and tools necessary for success.

Additionally, the Chamber provides grants aimed at fostering economic development, which further stimulates local investment and innovation. The organization also prioritizes tourism, organizing special community events that attract visitors and showcase the unique offerings of Madison. Overall, the Madison Area Chamber of Commerce serves as a catalyst for economic vitality, strengthening the fabric of the community and supporting sustainable growth.




This information is meant to be a general summary of Madison Area Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$162,615 (2022)
Expenses
$145,608 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $702
  • Program Service Revenue: $100,083
  • Gross Receipts: $249,941

Assets and Liabilities:

  • Total Assets: $256,055
  • Total Liabilities: $1,479
  • Net Assets: $254,576

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CHAMBER DUES

Revenue

$90,117

ANNUAL DINNER INCOME

Revenue

$4,173

CHAMBER CASH INCOME

Revenue

$2,285

MISCELLANEOUS

Revenue

$2,014

GIFT CERTFICATE INCOME

Revenue

$1,100

Organization Details

Founding Year

1980

Principal Officer

Kelsey Shaw

Main Address

301 E MAIN STREET, MADISON, IN, 47250

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