Iron County Chamber Of Commerce in Iron River, Michigan (MI)

Iron County Chamber Of Commerce
Employer Identification Number (EIN)	381487001
Name of Organization	Iron County Chamber Of Commerce
Address	50 E Genesee St, Iron River, MI 49935-1514
Activities	Business promotion (chamber of commerce, business league, etc.), Attracting new industry or retaining industry in an area
Subsection	Chamber of Commerce
Ruling Date	07/1962
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$25,000 to $99,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$30,228
Amount of Income	$121,037
Form 990 Revenue Amount	$117,086

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Financial snapshot ($)

Revenue for 2013

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$87,613		$117,086
Contributions, gifts, grants, and similar amounts received	$41,189		$1,188
Program service revenue including government fees and contracts	$36,974		$56,696
Membership dues and assessments	$0		$46,847
Investment income	$576		$120
Gain/Loss from sale of assets other than inventory	$0		$0
Net income/loss from gaming and fundraising events	$7,710	$11,167	$1,054
Gross income from gaming	$0	$0	$2,108
Gross income from fundraising events	$8,416		$0
Less: direct expenses from gaming and fundraising events	$706		$1,054
Gross profit/loss from sales of inventory	$-1,186		$324
Gross sales of inventory, less returns and allowances	$1,576		$3,221
Less: cost of goods sold	$2,762		$2,897
Other revenue	$2,350		$10,857
Total expenses	$103,885		$120,494
Total net assets	$31,397		$29,849
Excess/Deficit for the year	$-16,272		$-3,408
Net assets or fund balances at beginning of year	$47,669		$33,257
Other changes in net assets or fund balances	$0		$0
Net assets or fund balances at end of year			$29,849

	2011	2012	2013
Balance Sheets
Total assets	$35,460	$34,810	$30,228
Total liabilities	$4,063	$1,553	$379
Net assets or fund balances	$31,397		$29,849

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?			No
Were any significant changes made to the organizing or governing documents?			No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No		No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?			No
Amount of political expenditures, direct or indirect			$0
Did the organization file Form 1120-POL for this year?			No
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?			No
Total amount involved			$0
Initiation fees and capital contributions	$0		$0
Gross receipts for public use of club facilities	$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?			No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
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11	Iron County Chamber Of Commerce	50 E Genesee St, Iron River, MI 49935-1514	MI	1962-07	$121,037
12	Iron County Community Health Foundation	1400 W Ice Lake Road, Iron River, MI 49935	MI	2007-10	$19,004
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15	Iron County Museum Endowment Fund Inc	102 Museum Rd, Caspian, MI 49915	MI	1991-07	$151,988
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20	Iron Range Trail Club Inc	11 W Maple St, Iron River, MI 49935-1823	MI	2006-04	$134,257

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