Montevideo Area Chamber Of Commmerce

Organization Overview

Montevideo Area Chamber Of Commmerce is located in Montevideo, MN. The organization was established in 1942. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montevideo Area Chamber Of Commmerce 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, Montevideo Area Chamber Of Commmerce generated $30.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $35.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

THESE SERVICES BENEFIT THE ENTIRE COMMUNITY AND ARE USED TO PROMOTE MONTEVIDEO.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,000
Total Program Service Revenue$7,581
Membership dues$10,364
Investment income $21
Gain or Loss$0
Net Income from Gaming & Fundraising$10,267
Other Revenue$1,278
Total Revenue$30,511

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