Woodbury Chamber Of Commerce
- Assets
- $256.8k
- Revenue
- $338.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Woodbury, MN
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 36-3588693
Organization Overview
Woodbury Chamber Of Commerce is located in Woodbury, MN. The organization was established in 1998. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Woodbury Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodbury Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Woodbury Chamber Of Commerce generated $338.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $234.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SPIRIT OF THE WOODBURY AREA, ENHANCE A PROGRESSIVE BUSINESS ENVIRONMENT AND SERVE AS THE BUSINESS VOICE OF THE COMMUNITY AND ITS MEMEBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNCHEONS, NEWSLETTER, BUSINESS DAY AT THE CAPITOL, BUSINESS EXPO, MEMBERSHIP DIRECTORY, COMMUNITY UPDATE REGARDING INFRASTRUCTURE/LEGISLATION, COMMUNITY EXPO
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Staiger President | Officer | 40 | $91,311 |
Elizabeth Neyens Board Chair | Officer | 0 | $0 |
Brian Johnson Treasurer | Officer | 0 | $0 |
Pat Fritz Past Board Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150,571 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,706 |
| Total Program Service Revenue | $0 |
| Investment income | $352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $132,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,311 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,011 |
| Pension plan accruals and contributions | $3,703 |
| Other employee benefits | $4,082 |
| Payroll taxes | $16,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,368 |
| Office expenses | $27,320 |
| Information technology | $4,449 |
| Royalties | $0 |
| Occupancy | $24,904 |
| Travel | $1,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $754 |
| Insurance | $2,629 |
| All other expenses | $0 |
| Total functional expenses | $234,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,851 |
| Savings and temporary cash investments | $71,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $256,750 |
| Accounts payable and accrued expenses | $6,184 |
| Grants payable | $16,016 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,200 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $234,550 |
| Total liabilities and net assets/fund balances | $256,750 |
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