Overview
What is Michigan Chamber Of Commerce?
Michigan Chamber of Commerce is a nonprofit organization situated in Lansing, Michigan. Its primary mission is to foster conditions conducive to job creation and business prosperity within the state. To achieve this goal, the organization engages in various activities, including business advocacy, member services, and educational and compliance services. In the realm of business advocacy, Michigan Chamber of Commerce supports pro-business legislation, advocating for policies that stimulate job growth and economic expansion in the state. The member services sector offers cost-saving programs, such as insurance benefits, discounted credit card processing, and utility savings, to its members. The educational and compliance services component provides labor law publications and conducts educational seminars on business-related topics, ensuring that businesses remain compliant with the latest regulations. With a total of 38 employees, Michigan Chamber of Commerce is dedicated to promoting a thriving business environment in Michigan.
Official website here: www.michamber.com
Is Michigan Chamber Of Commerce legitimate?
Michigan Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan 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: $1,045,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $941,796
For more financial information, click here
Official website here: www.michamber.com
What is the mission statement of Michigan Chamber Of Commerce?
The Michigan Chamber of Commerce is committed to establishing an environment that fosters job creation and business prosperity. Their mission is achieved through various significant activities. These activities include advocating for pro-business legislation that encourages job growth and economic expansion. They also offer member services, providing cost-saving programs such as insurance benefits, discounted credit card processing, and utility savings. Furthermore, the chamber provides educational and compliance services, offering labor law publications and hosting educational seminars on business-related topics. Their goal is to support businesses in Michigan, contributing to the overall success and growth of the state's economy.
Official website here: www.michamber.com
Who is the CEO of Michigan Chamber Of Commerce?
James Holcomb is the President & Ceo (Began 01/22) of Michigan Chamber Of Commerce. The CEO's salary of Michigan Chamber Of Commerce is $345,622 and their total compensation is $393,057.
Official website here: www.michamber.com
What is the revenue of Michigan Chamber Of Commerce?
Michigan Chamber Of Commerce's revenue in 2022 was $4,561,982.
Official website here: www.michamber.com
Who are the executives of Michigan Chamber Of Commerce and what are their salaries?
The average compensation at Michigan Chamber Of Commerce during 2022 was $52,302. There are 38 employees and 680 volunteers at Michigan Chamber Of Commerce.
Here are 82 key members and their salaries (Michigan Chamber Of Commerce's CEO's salary is $345,622 and their total compensation is $393,057):
- Compensation: $345,622
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- Other: $47,435
- Compensation: $457,632
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- Other: $41,116
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- Compensation: $183,528
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- Compensation: $168,707
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- Compensation: $168,075
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- Compensation: $188,869
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- Other: $19,866
- Compensation: $144,335
- Related: $0
- Other: $21,624
- Compensation: $125,007
- Related: $0
- Other: $37,522
- Compensation: $121,761
- Related: $0
- Other: $7,153
Official website here: www.michamber.com
Where can I find the form 990 for Michigan Chamber Of Commerce?
Michigan Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michamber.com
Learn more at the official website: www.michamber.com
Mission Statement of Michigan Chamber Of Commerce
The Michigan Chamber of Commerce, as a notable organization, is committed to fostering conditions that are conducive to job creation and business prosperity within the state of Michigan. In pursuit of this mission, the chamber engages in various significant activities, including business advocacy, member services, and educational and compliance services. Their business advocacy initiatives involve supporting pro-business legislation that encourages job creation and stimulates economic growth in Michigan.
In addition to advocacy, the Michigan Chamber of Commerce also provides member services to its constituents. These services aim to offer cost savings through programs such as insurance benefits, discounted credit card processing, and utility savings. Furthermore, the chamber offers educational and compliance services, which include providing labor law publications and hosting educational seminars on various business-related topics. This comprehensive approach to supporting businesses in Michigan aims to create an environment that fosters growth and success, ultimately contributing to the state's overall economic well-being.
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Impact
October, 2024
The Michigan Chamber of Commerce plays a vital role in enhancing the business environment and driving economic growth throughout the state. By advocating for pro-business legislation, it influences policies that foster job creation and support the overall success of businesses in Michigan.
Their business advocacy efforts are crucial in ensuring that the interests of the business community are represented in legislative discussions, helping to shape a favorable regulatory landscape. This advocacy not only impacts existing businesses but also encourages new investments and startups, ultimately contributing to job creation.
In addition to advocacy, the Michigan Chamber offers a range of member services designed to help businesses thrive. These include cost savings programs that provide members with access to insurance benefits, discounted credit card processing, and utility savings, all of which can significantly reduce operating costs.
Educational initiatives are another cornerstone of their impact. By providing labor law publications and hosting educational seminars on relevant topics, the Chamber equips businesses with the necessary knowledge to navigate complex legal and regulatory challenges, ensuring compliance and enhancing operational efficiency.
Overall, the Michigan Chamber of Commerce is instrumental in creating a robust business ecosystem in Michigan, driving community improvement through sustained economic development and supporting the success of its members.
This information is meant to be a general summary of Michigan 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,851
- Program Service Revenue: $3,945,511
- Gross Receipts: $4,561,982
Assets and Liabilities:
- Total Assets: $7,908,250
- Total Liabilities: $2,352,917
- Net Assets: $5,555,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$3,935,511
PROGRAM SERVICES
Revenue
$10,000
Organization Details
Founding Year
1959
Phone
(517) 371-2100Principal Officer
James Holcomb
Main Address
600 SOUTH WALNUT, LANSING, MI, 48933
Website
www.michamber.comNTEE Category
Code: S41 - Community improvement
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