Lake Mills Area Chamber Of Commerce in Lake Mills, Wisconsin (WI)

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Lake Mills Area Chamber Of Commerce
Employer Identification Number (EIN)391166351
Name of OrganizationLake Mills Area Chamber Of Commerce
Address200 C Water St, Lake Mills, WI 53551-1632
SubsectionChamber of Commerce
Ruling Date09/2005
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$24,130
Amount of Income$57,541
Form 990 Revenue Amount$37,182
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2014: $57,541 (it was $32,513 in 2013)
This organization: 

 $57,541
Other organizations performing similar types of work: 

 $141,217

Assets in 2014: $24,130 (it was $21,195 in 2013)
Lake Mills Area Chamber Of Commerce: 

 $24,130
Other organizations performing similar types of work: 

 $121,026

Expenses in 2013: $30,755
This organization: 

 $30,755
Other organizations performing similar types of work: 

 $118,087

Income to expenses ratio in 2013: 1.9
This organization: 

 1.9
Other organizations performing similar types of work: 

 1.6

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 87.4%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$33,391$31,303$32,513
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$25,570$22,398$20,620
Investment income$11$27$15
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$7,810$8,878$11,878
Gross income from gaming$0$0$0
Gross income from fundraising events$24,492$31,916$29,494
Less: direct expenses from gaming and fundraising events$16,682$23,038$17,616
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$28,547$28,370$30,755
Total net assets$13,166$16,099$17,857
Excess/Deficit for the year$4,844$2,933$1,758
Net assets or fund balances at beginning of year$8,322$13,166$16,099
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$16,099$17,857
Balance Sheets
201120122013
Total assets$16,807$19,317$21,195
Total liabilities$3,641$3,218$3,338
Net assets or fund balances$13,166$16,099$17,857
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Milwaukee Economic Development Corp809 N Broadway Suite 104, Milwaukee, WI 53202-3617WI1974-07$8,725,157
2Ventura County Community Development Corporation2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813CA2003-05$5,683,551
3Menomonee Valley Partners Inc301 W Wisconsin Ave Ste 400 # B, Milwaukee, WI 53203-2225WI2000-02$669,511
4Urban Economic Development2212 N Martin Luther King Dr, Milwaukee, WI 53212-3126WI1997-11$255,693
5Tri-County Regional Economic Development CorporationPO BOX 120, Neshkoro, WI 54960-0120WI2006-04$150,400
6Wisconsin Business Resource Center Inc2711 W Wells St Room 151, Milwaukee, WI 53208-3509WI2000-06$118,912
7Downtown Kenosha5500 6th Ave Ste 200, Kenosha, WI 53140-3710WI2014-10$92,613
8Downtown Whitewater Inc150 W Main St, Whitewater, WI 53190-1904WI2014-01$89,594
9Spirit Of Greater Madison Inc615 E Washington Avenue, Madison, WI 53703-2952WI2005-01$19,505
10Winneconne Community Development AuthorityPO BOX 488, Winneconne, WI 54986-0488WI2001-01$4,413
11Nmsb Development Corporation5630 W Fond Du Lac Ave, Milwaukee, WI 53216-1222WI2004-10$3,816
12Driftless Wisconsin Inc62834 COLLINS LANE PO BOX 201, Prairie Du Chien, WI 53821WI2012-08$15
13Divine Community Outreach Developement Corporation, Divine Community Development Corporation217 North Madison Street, Green Bay, WI 54301WI2011-01$0
14Ezekiel Community Development Corporation1927 N 4th St, Milwaukee, WI 53212WI1998-07$0
15Hands Extended Community Development IncP O Box 90, Merrill, WI 54452WI2012-09$0
16Monuments Milwaukee Inc4108 N Stowell Avenue, Shorewood, WI 53211WI2014-07$0
17Regional Economic Growth Initiative Inc4411 Quarry Cir, Wisc Rapids, WI 54495-8817WI2014-12$0
18Seeds Milwaukee Corp227 N Water St Apt 2d, Milwaukee, WI 53202-5614WI2013-03$0
19Sustainability Institute Inc400 7th St N, La Crosse, WI 54601-3368WI2015-02$0
20Waushara County Economic Development CorporationPo Box 300, Wautoma, WI 54982WI1999-04$0
Number of organizations performing similar types of work
Alaska2
Alabama36
Arkansas9
Arizona16
California121
Colorado26
Connecticut22
District of Columbia16
Delaware6
Florida53
Georgia54
Hawaii10
Iowa18
Idaho7
Illinois68
Indiana30
Kansas9
Kentucky18
Louisiana32
Massachusetts22
Maryland45
Maine10
Michigan54
Minnesota10
Missouri35
Mississippi17
Montana9
North Carolina65
North Dakota5
Nebraska6
New Hampshire8
New Jersey38
New Mexico14
Nevada6
New York135
Ohio94
Oklahoma18
Oregon18
Pennsylvania93
Rhode Island2
South Carolina34
South Dakota10
Tennessee36
Texas74
Utah5
Virginia30
Vermont9
Washington29
Wisconsin30
West Virginia14
Wyoming3
International7
Total1,538

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