Troy Chamber Of Commerce

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

EIN: 381973921 ✦ Troy, MI ✦ Designated as a 501(c)(6)

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Overview

What is Troy Chamber Of Commerce?

The Troy Chamber of Commerce, situated in Troy, Michigan, is a nonprofit organization with a mission to foster growth and development within the local business community. Established at 2125 BUTTERFIELD 100N, their primary objective is to promote the overall welfare of commercial and industrial development, as well as the general interests of Troy and its surrounding trade area. With a dedicated workforce of five individuals, they actively contribute to the city's prosperity.


Official website here: www.troychamber.com

Is Troy Chamber Of Commerce legitimate?

Troy Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Troy 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: $122,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $178,668

For more financial information, click here


Official website here: www.troychamber.com

What is the mission statement of Troy Chamber Of Commerce?

The Troy Chamber of Commerce is dedicated to promoting the overall well-being of commercial and industrial development, as well as addressing the general interests of its local area. Their mission revolves around fostering growth and development within the business sector of the city. The organization's primary goal is to contribute positively to the city's economic and industrial landscape.


Official website here: www.troychamber.com

Who is the CEO of Troy Chamber Of Commerce?

John Young is the Treasurer of Troy Chamber Of Commerce.


Official website here: www.troychamber.com

What is the revenue of Troy Chamber Of Commerce?

Troy Chamber Of Commerce's revenue in 2022 was $530,542.


Official website here: www.troychamber.com

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

The average compensation at Troy Chamber Of Commerce during 2022 was $60,254. There are 5 employees at Troy Chamber Of Commerce.


Here are 20 key members and their salaries:


Stephen R Mihalik (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nelson Lagerbohm (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Manardo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Vercellone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Ouellette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tara Tomcsik (President)
  • Compensation: $122,600
  • Related: $0
  • Other: $0
Mark A Gelbman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Joan Haakonstad (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Kroesing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Peters (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Vanderburg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Byrnes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Corrado (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Doan (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Madonna Van Fossen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerry Birmingham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Crockett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Donovan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Flynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Whitteaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.troychamber.com

Where can I find the form 990 for Troy Chamber Of Commerce?

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


Official website here: www.troychamber.com

Learn more at the official website: www.troychamber.com

Mission Statement of Troy Chamber Of Commerce

The Troy Chamber of Commerce, as a nonprofit organization, is committed to promoting the overall well-being and advancement of commercial and industrial development within its scope and the broader interests of the city of Troy and its surrounding trade area. This mission is geared towards fostering growth and development within the business sector of the city, thereby contributing to its general welfare and prosperity.

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Impact




October, 2024

The Troy Chamber of Commerce plays a vital role in fostering economic growth and enhancing the overall vitality of Troy, Michigan. By focusing on the commercial and industrial development within the city and its trade area, the Chamber actively supports local businesses in their growth and development. This impact extends to creating a more vibrant community, attracting new enterprises, and retaining existing ones, which ultimately benefits the local economy.

Through various initiatives, events, and resources, the Chamber encourages collaboration among businesses and community leaders, promoting an environment conducive to trade and economic prosperity. This not only bolsters business interests but also addresses the general welfare of the city, enhancing the quality of life for its residents. The Chamber's efforts contribute significantly to community improvement, ensuring that Troy remains competitive and appealing for both businesses and individuals alike.




This information is meant to be a general summary of Troy 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
$530,542 (2022)
Expenses
$470,955 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $717
  • Program Service Revenue: $136,489
  • Gross Receipts: $569,072

Assets and Liabilities:

  • Total Assets: $484,880
  • Total Liabilities: $79,007
  • Net Assets: $405,873

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Programs

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

NETWORK ACTIVITIES

Revenue

$91,527

ADVERTISING

Revenue

$44,962

Organization Details

Founding Year

1959

Principal Officer

John Young

Main Address

2125 BUTTERFIELD 100N, TROY, MI, 48084

NTEE Category

Code: S41 - Community improvement

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