Pine City Chamber Foundation Inc is located in Pine City, MN. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine City Chamber Foundation Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Pine City Chamber Foundation Inc generated $23.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $21.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE THE COMMUNITY WITH ARTS, CULTURE, AND EDUCATIONAL ACTIVITIES IN AN EFFORT TO FOSTER FAMILY TOGETHERNESS AND GENERAL COMMUNITY PRIDE.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Olson President | 5 | $0 | |
Chad Faur Vice Preside | 3 | $0 | |
Katie Koppy Past Preside | 3 | $0 | |
Julie Samuelson Treasurer | 3 | $0 | |
Heather Rank Director | 1 | $0 | |
Candace Horneck Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,225 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $33 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,192 |
| Other Revenue | $0 |
| Total Revenue | $23,450 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $19,917 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,872 |
| Total expenses | $21,789 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,723 |
| Other assets | $0 |
| Total assets | $30,723 |
| Total liabilities | $11,791 |
| Net assets or fund balances | $18,932 |