Greater Madison Chamber Of Commerce

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

EIN: 460160860 ✦ Madison, SD ✦ Designated as a 501(c)(6)

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Overview

What is Greater Madison Chamber Of Commerce?

The Greater Madison Chamber of Commerce, located in Madison, South Dakota, is a nonprofit organization dedicated to fostering connections between its members and the community. With a team of three employees, their primary mission is to promote economic development and improve the overall quality of life in the Madison area. They achieve this by supporting local businesses and engaging the community through events such as Downtown in MadTown, a summer concert series that attracts around 2000 people each week, featuring family-friendly activities, food vendors, and live music. The main objective of these events is to draw people to downtown Madison, thereby encouraging interaction and fostering a sense of camaraderie among the city's residents.


Official website here: www.chamberofmadisonsd.com

Is Greater Madison Chamber Of Commerce legitimate?

Greater Madison Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Greater Madison 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: $67,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,518

For more financial information, click here


Official website here: www.chamberofmadisonsd.com

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

The Greater Madison Chamber of Commerce is committed to promoting its member businesses, fostering community development, and ultimately enhancing the overall quality of life in an unspecified location. Their primary objective is to increase interaction between members and the local community, fostering a sense of camaraderie among its citizens. One of their significant initiatives is the annual Downtown in MadTown event, a family-friendly summer concert series featuring activities for children and food vendors from approximately 50 local businesses. The purpose of this event is to attract people to downtown, aiming to boost foot traffic and community engagement.


Official website here: www.chamberofmadisonsd.com

Who is the CEO of Greater Madison Chamber Of Commerce?

Eric Hortness is the Executive Director of Greater Madison Chamber Of Commerce.


Official website here: www.chamberofmadisonsd.com

What is the revenue of Greater Madison Chamber Of Commerce?

Greater Madison Chamber Of Commerce's revenue in 2022 was $385,406.


Official website here: www.chamberofmadisonsd.com

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

The average compensation at Greater Madison Chamber Of Commerce during 2022 was $49,393. There are 3 employees and 50 volunteers at Greater Madison Chamber Of Commerce.


Here are 11 key members and their salaries:


Eric Hortness (Executive Director)
  • Compensation: $0
  • Related: $74,116
  • Other: $0
Sarah Cronin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Savannah Olinger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Buresch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Olson (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Palmquist (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Morehouse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Patch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacey Krusemark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Letsche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Jaspers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.chamberofmadisonsd.com

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

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


Official website here: www.chamberofmadisonsd.com

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

Mission Statement of Greater Madison Chamber Of Commerce

Greater Madison Chamber of Commerce, a prominent organization, is dedicated to promoting its members, the community, and fostering economic development. This mission is aimed at ultimately enhancing the quality of life in the unspecified area associated with Madison. The Chamber's primary objective is to increase engagement between its members and the community, fostering a sense of camaraderie among the local citizens. One of the ways they achieve this is through organizing events, such as the Downtown in MadTown, a family-friendly summer concert series featuring children's activities and food booths from approximately 50 local vendors. This event draws an average of 2000 people each week, with the objective of attracting individuals to downtown Madison. The events and initiatives undertaken by Greater Madison Chamber of Commerce contribute to the overall prosperity and well-being of the community.

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Impact




October, 2024

The Greater Madison Chamber of Commerce significantly enhances the quality of life in the Madison, SD area by promoting local businesses and fostering community engagement. Its efforts focus on economic development and creating an environment where members can thrive.

One of the key initiatives is the event committee, which works to increase interaction among members and between businesses and the community. This initiative builds camaraderie and strengthens local ties, contributing to a vibrant community atmosphere.

A standout event is "Downtown in Madtown," a family-friendly summer concert series that features activities for children and food booths from around 50 local vendors. This event successfully attracts around 2,000 attendees each week for six weeks, bringing people together in downtown Madison and supporting local businesses. Such gatherings not only stimulate the local economy but also cultivate community spirit and connectivity.

Through these initiatives, the Greater Madison Chamber of Commerce plays a vital role in promoting economic development and enhancing the overall quality of life for residents in the Madison area.




This information is meant to be a general summary of Greater Madison 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
$385,406 (2022)
Expenses
$392,186 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $222
  • Program Service Revenue: $259,388
  • Gross Receipts: $403,175

Assets and Liabilities:

  • Total Assets: $68,231
  • Total Liabilities: $15,862
  • Net Assets: $52,369

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Programs

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

MEMBERSHIP DUES

Revenue

$114,254

EVENT COMMITTEE

Revenue

$87,716

PROMO ACTIVITIES

Revenue

$19,963

LEADERSHIP MADISON

Revenue

$14,015

AG COMMITTEE

Revenue

$13,675

Organization Details

Founding Year

1930

Principal Officer

Eric Hortness

Main Address

315 S EGAN AVEUNE, MADISON, SD, 57042

NTEE Category

Code: S41 - Community improvement

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