Montevideo Area Chamber Of Commmerce
- Assets
- $86.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montevideo, MN
- Founding
- 12/1942
- Data as of
- 12/2022
- EIN
- 41-0192910
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 12/2022, Montevideo Area Chamber Of Commmerce generated $58.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $57.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.8%) 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
2022
Describe the Organization's Program Activity:
Part 3
THESE SERVICES BENEFIT THE ENTIRE COMMUNITY AND ARE USED TO PROMOTE MONTEVIDEO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Citrowske Vice Preside | 1 | $0 | |
Tyler Sachariason Past Preside | 1 | $0 | |
Kyle Tebeest President | 1 | $0 | |
Mary Rasmussen Director | 1 | $0 | |
Steve Grages Director | 1 | $0 | |
Hillary Swenson-Clausen Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $12,552 |
| Membership dues | $42,174 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$9,248 |
| Other Revenue | $2,713 |
| Total Revenue | $58,203 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,440 |
| Professional fees and other payments to independent contractors | $2,067 |
| Occupancy, rent, utilities, and maintenance | $6,467 |
| Printing, publications, postage, and shipping | $360 |
| Other expenses | $24,598 |
| Total expenses | $57,932 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,022 |
| Other assets | $0 |
| Total assets | $86,854 |
| Total liabilities | $816 |
| Net assets or fund balances | $86,038 |