Overview
What is Lake Mills Chamber Development Corp?
Lake Mills Chamber Development Corp is a nonprofit organization situated in Lake Mills, Iowa. With a membership of 120, its primary mission is to promote the local area by fostering business growth and development. They achieve this through strategic business recruitment and the organization of promotional events. To further support the community, they have established a Revolving Loan Fund of $100,000, offering low-interest loans to assist area businesses in need. In addition to this, they publish six newsletters annually, keeping the community informed and engaged.
Official website here: www.lakemillsiowa.com
Is Lake Mills Chamber Development Corp legitimate?
Lake Mills Chamber Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lake Mills Chamber Development Corp 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: $36,046
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Official website here: www.lakemillsiowa.com
What is the mission statement of Lake Mills Chamber Development Corp?
The Lake Mills Chamber Development Corp serves as a business league, dedicated to promoting local enterprises. Their mission is centered around advocating for and boosting the Lake Mills area's businesses through strategic recruitment and organizing promotional events. The organization publishes six newsletters annually to keep its members and the community informed. Moreover, a revolving loan fund with a capacity of 100,000 has been established to provide low-interest loans to assist area businesses in need.
Official website here: www.lakemillsiowa.com
What is the revenue of Lake Mills Chamber Development Corp?
Lake Mills Chamber Development Corp's revenue in 2024 was $121,170.
Official website here: www.lakemillsiowa.com
Who are the executives of Lake Mills Chamber Development Corp and what are their salaries?
The average compensation at Lake Mills Chamber Development Corp during 2024 was $18,023. There are 2 employees at Lake Mills Chamber Development Corp.
Here are 9 key members and their salaries:
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Official website here: www.lakemillsiowa.com
Where can I find the form 990 for Lake Mills Chamber Development Corp?
Lake Mills Chamber Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lakemillsiowa.com
Learn more at the official website: www.lakemillsiowa.com
Mission Statement of Lake Mills Chamber Development Corp
Lake Mills Chamber Development Corp, as a business league, is dedicated to promoting the success of businesses within the Lake Mills area. Their mission is to actively recruit and promote local businesses through various events and initiatives. The organization plays a significant role in boosting the Lake Mills area's economic growth and development. To support this mission, they publish six newsletters annually, keeping both members and the wider community informed about the latest business developments and activities. Moreover, Lake Mills Chamber Development Corp has established a Revolving Loan Fund with a capital of 100,000. This fund offers low-interest loans to assist area businesses in their growth and expansion efforts, thereby contributing to the overall prosperity of the Lake Mills community.
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Impact
October, 2024
Lake Mills Chamber Development Corp significantly impacts the local economy and community by fostering business growth and development in the Lake Mills area. With a membership of 120 businesses, it actively promotes economic vibrancy through initiatives focused on business recruitment and engaging promotional events. The organization publishes six newsletters annually, keeping members and the community informed about opportunities and events that benefit local enterprises.
Additionally, the establishment of a $100,000 revolving loan fund provides crucial financial support to area businesses, offering low-interest loans that can facilitate expansion, operations, and improvements. This combination of resources and community-oriented activities not only enhances the business landscape but also contributes to overall community improvement in Lake Mills, IA.
This information is meant to be a general summary of Lake Mills Chamber Development Corp. 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 2024.
- Investment Income: $2,050
- Program Service Revenue: $44,787
- Gross Receipts: $121,170
Assets and Liabilities:
- Total Assets: $176,621
- Total Liabilities: $0
- Net Assets: $176,621
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$18,432
JULY JUBILEE INCOME
Revenue
$15,415
PROGRAM SERVICE REVENUE
Revenue
$7,096
BUSINESS RETAIL INCOME
Revenue
$3,769
PROGRAM DISCOUNTS
Revenue
$75
Organization Details
Principal Officer
Angie Thompson
Website
www.lakemillsiowa.comNTEE Category
Code: S410 - Community improvement
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