Larry Dowell | Dowell Management2016

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Founded in 1972, serves six-state regionIowa, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin

Purpose is three-fold Provide continuing education opportunities Facilitate connection with industry peers Develop a regional ethic among chambers of commerce

Expanded Product Line Annual Conference Compensation & Benefits Survey Advocacy Alliance Membership Satisfaction Survey Newsline Operations Survey

About MACE

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MethodologySelf reporting, sampling, corrupt data

Who was surveyed Iowa, Missouri, Nebraska, Minnesota, North Dakota, South Dakota, Wisconsin

Who participated Survey Background

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Overall, participation was steady from 2014. However, there was a notable increase in participants from Nebraska and Iowa. Trend LinesState Participation

Chart1

0.25

0.18

0.14

0.12

0.02

0.07

0.22

Percent

IA 25%

MN 18%

MO 14%

NE 12%

ND 2%

SD 7%

WI 22%

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StatePercent

IA25%

MN18%

MO14%

NE12%

ND2%

SD7%

WI22%

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Gender of Chief Paid Executive63%37%In 2014, 68% of chamber executives were female

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Gender by Income GroupUnlike previous years, the $750 - $1m income group is predominately female in 2016Breaking the trend

Chart1

1000

8119

7723

6931

6238

1882

6733

1882

Female

Male

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FemaleMale

1m1882

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Age of Chief Paid Executive

Chart1

0.040.030.050.04

0.120.10.090.13

0.20.210.170.19

0.360.360.360.3

0.280.30.330.33

2010

2012

2014

2016

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2010201220142016

18 to 29 years4%3%5%4%

30 to 37 years12%10%9%13%

38 to 45 years20%21%17%19%

46 to 55 years36%36%36%30%

55+ years28%30%33%33%

To resize chart data range, drag lower right corner of range.

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Chambers that made a profit2010201255%71%201473%201675%

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Average # of employees

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38%62%Medical Insurance63% of chambers with budgets over $300,000 contribute to the cost of medical insurance (down from 95% in 2012).YesNo42%49%51%Does chamber directly contribute to cost of medical insurance?

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Benefit Offerings for Chamber Executives

Benefit% of Chambers Offering BenefitClub (civic) membership60%Qualified Retirement Plan60%Medical Insurance 41%Life Insurance 31%Club (social) membership29%Dental Insurance26%Long-term Disability26%Short-term Disability24%

Benefit% of Chambers Offering BenefitPaid Parking19%Tuition Reimbursement17%Cafeteria Plan Reimbursement15%HSA12%Furnished Auto8%

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Overall CEO compensation has increased

20142016% IncreaseAll Chambers$65,234$68,8585.5%$100k-$200k$47,030$47,5141.0%More than $1m$154,092$165,9237.6%

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Chamber Executive Bonuses40% Has bonus 60% Do not

Income GroupAvg Bonus PaidAvg Bonus PotentialAverage % Paid1m$23,469 $26,321 73%

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GET READY TO PLAYCOMP & BENEFITS TRIVIA

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In 2016, chambers have a record high percentage of chamber executives with a Bachelors degree or higher.

What was the percentage in 2008? Question 1

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2016: 73%

2008: 59%, none of which were doctoratesAnswer 1

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Iowa has the youngest average chief paid executives, while North Dakota has the oldest.

What is the average age of all chamber executives surveyed?Question 2

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Iowa: 41 years oldNorth Dakota: 50 years old

All Chamber Executives: 45 years oldAnswer 2

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What percentage of chamber executives are part time?Question 3

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8%

While 36.3% of all Administrative Assistants are part-time.Answer 3

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What is the average percent of payroll allocated to benefits?Question 4

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7%

While chambers with annual revenues over $500,000 allocate an average of 14%Answer 4

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Average Chamber $50,000 and below

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Average Chamber $50,001-$100,000

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Average Chamber $100,001-$200,000

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Average Chamber $200,001-$300,000

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Average Chamber $300,001-$500,000

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Average Chamber $500,001-$750,000

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Average Chamber $750,001-$1,000,000

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Average Chamber More than $1,000,000

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Conclusion

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Any Questions?Thank you

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