Overview
What is Vermillion Chamber & Development Co?
Vermillion Chamber & Development Co is a nonprofit organization situated in Vermillion, South Dakota, specifically at 2 East Main Street Suite 101. Their primary mission is centered around promoting and fostering economic growth within the city. They achieve this by engaging in community betterment and sustainable business development activities, aiming to enhance the local economy and increase community awareness. With a workforce of 26 dedicated individuals, they carry out their mission through various programs and economic development initiatives.
Official website here: www.vermillionchamber.com
Is Vermillion Chamber & Development Co legitimate?
Vermillion Chamber & Development Co is a legitimate nonprofit organization registered as a 501(c)(4) entity. Vermillion Chamber & Development Co 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: $522,737
For more financial information, click here
Official website here: www.vermillionchamber.com
What is the mission statement of Vermillion Chamber & Development Co?
The Vermillion Chamber & Development Co's mission is centered around fostering economic growth. This organization aims to contribute to the community's betterment by pursuing sustainable business development and increasing community awareness. They accomplish this through various programs and economic development initiatives, with the ultimate goal of promoting overall economic growth.
Official website here: www.vermillionchamber.com
Who is the CEO of Vermillion Chamber & Development Co?
James Peterson is the Director of Vermillion Chamber & Development Co. The CEO's salary of Vermillion Chamber & Development Co is $0 and their total compensation is $0.
Official website here: www.vermillionchamber.com
What is the revenue of Vermillion Chamber & Development Co?
Vermillion Chamber & Development Co's revenue in 2022 was $1,541,408.
Official website here: www.vermillionchamber.com
Who are the executives of Vermillion Chamber & Development Co and what are their salaries?
The average compensation at Vermillion Chamber & Development Co during 2022 was $20,105. There are 26 employees at Vermillion Chamber & Development Co.
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Official website here: www.vermillionchamber.com
Where can I find the form 990 for Vermillion Chamber & Development Co?
Vermillion Chamber & Development Co's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vermillionchamber.com
Learn more at the official website: www.vermillionchamber.com
Mission Statement of Vermillion Chamber & Development Co
Vermillion Chamber & Development Co is dedicated to promoting and fostering economic growth within the city it serves. This organization works tirelessly towards the betterment of its community, with a specific focus on sustainable business development and enhancing community awareness. Through various programs and economic development initiatives, Vermillion Chamber & Development Co aims to facilitate the growth of local businesses and encourage a more informed and engaged community. By focusing on these goals, the organization strives to contribute positively to the overall economic health and vitality of the city.
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Impact
October, 2024
Vermillion Chamber & Development Co plays a crucial role in driving economic growth and community development in Vermillion, SD. By focusing on sustainable business development, the organization fosters a vibrant economic environment that supports local businesses. Their initiatives enhance community awareness and engagement, ensuring that residents are informed about opportunities and resources available to them.
Through various programs and economic development strategies, Vermillion Chamber & Development Co contributes to the overall betterment of the community. This includes promoting local businesses, attracting new investments, and creating a supportive network for entrepreneurs. By cultivating a thriving local economy, the organization not only boosts job creation but also enhances the quality of life for residents, making Vermillion a more attractive place to live, work, and invest. Their commitment to economic growth and community improvement helps to build a resilient and prosperous future for Vermillion.
This information is meant to be a general summary of Vermillion Chamber & Development Co. 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: $159,806
- Program Service Revenue: $84,131
- Gross Receipts: $2,338,052
Assets and Liabilities:
- Total Assets: $14,713,071
- Total Liabilities: $13,287,823
- Net Assets: $1,425,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONVENTION & VISITORS INCOME
Revenue
$71,754
ECONOMIC DEVELOPMENT
Revenue
$12,377
Organization Details
Founding Year
1967
Phone
(605) 624-5571Principal Officer
James Peterson
Main Address
2 EAST MAIN STREET SUITE 101, VERMILLION, SD, 57069
Website
www.vermillionchamber.comNTEE Category
Code: S31 - Community improvement
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