Larry Dowell | Dowell Management

2016

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

MethodologySelf reporting, sampling, corrupt data

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

Who participated

Survey Background

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

Trend Lines

State Participation

Gender of Chief Paid Executive

63%37%

In 2014, 68% of chamber executives were female

Gender by Income Group

Unlike previous years, the $750 - $1m income group is predominately female in 2016

Breaking the trend

Age of Chief Paid Executive

Chambers that made a profit

2010

2012

55%

71%

2014

73%

2016

75%

Average # of employees

38% 62%2016

Medical Insurance63% of chambers with budgets over $300,000 contribute to the cost of medical insurance (down from 95% in 2012).

2012

2010

2014

Yes No

42%

49%

51%

Does chamber directly contribute to cost of medical insurance?

Benefit % of Chambers Offering Benefit

Club (civic) membership 60%

Qualified Retirement Plan 60%

Medical Insurance 41%

Life Insurance 31%

Club (social) membership 29%

Dental Insurance 26%

Long-term Disability 26%

Short-term Disability 24%

Benefit % of Chambers Offering Benefit

Paid Parking 19%

Tuition Reimbursement 17%

Cafeteria Plan Reimbursement 15%

HSA 12%

Furnished Auto 8%

Benefit Offerings for Chamber Executives

Overall CEO compensation has increased

2014 2016 % Increase

All Chambers $65,234 $68,858 5.5%

$100k-$200k $47,030 $47,514 1.0%

More than $1m $154,092 $165,923 7.6%

Income Group Avg Bonus Paid Avg Bonus Potential Average % Paid

<50k - - -50k-100k $1,384 $2,028 79%

100k-200k $1,163 $1,796 75%200k-300k $3,298 $7,258 78%300k-500k $6,388 $6,767 87%500k-750k $5,069 $9,530 59%750k-1m $13,000 $15,500 83%

>1m $23,469 $26,321 73%

Chamber Executive Bonuses

40% Has bonus 60% Do not

GET READY TO PLAY…

COMP & BENEFITS TRIVIA

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

2016: 73%

2008: 59%, none of which were doctorates

Answer 1

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

Iowa: 41 years oldNorth Dakota: 50 years old

All Chamber Executives: 45 years old

Answer 2

What percentage of chamber executives are part time?

Question 3

8%

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

Answer 3

What is the average percent of payroll allocated to benefits?

Question 4

7%

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

Answer 4

Average Chamber $50,000 and below

Average Chamber $50,001-$100,000

Average Chamber $100,001-$200,000

Average Chamber $200,001-$300,000

Average Chamber $300,001-$500,000

Average Chamber $500,001-$750,000

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

Average Chamber More than $1,000,000

Full survey report is posted on the MACE website right now (http://www.midamericachamberexecutives.com)

Chambers who participated will receive a code for a complimentary copy. Those who did not participate can purchase the report for $45

Chambers desiring custom reports or specific data requests should be directed to:

Jake Ganser, Dowell Managementjake@dowellmgmt.com | 651-300-6585

Conclusion

Any Questions?

Thank you