Glencoe Area Chamber Of Commerce Inc
- Assets
- $81.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Glencoe, MN
- Founding
- 07/1970
- Data as of
- 12/2022
- EIN
- 41-0959437
Organization Overview
Glencoe Area Chamber Of Commerce Inc is located in Glencoe, MN. The organization was established in 1970. 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 12/2022, Glencoe Area Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glencoe Area Chamber Of Commerce Inc 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, Glencoe Area Chamber Of Commerce Inc generated $87.9k 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 (3.7%) each year. All expenses for the organization totaled $82.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) 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 Mission:
Part 3 - Line 1
TO SERVE BUSINESS MEMBERS IN GLENCOE AND PROMOTE THE CITY.
Describe the Organization's Program Activity:
Part 3
OPERATING EXPENSES OF THE CHAMBER
PROMOTING THE TOWN OF GLENCOE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Pariseau Chair | 1 | $0 | |
Jamie Maass Vice Chair | 1 | $0 | |
Joseph O'sullivan Treasurer | 1 | $0 | |
Neal Brady Director | 1 | $0 | |
James Rieff Director | 1 | $0 | |
Katie D'amour Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,746 |
| Membership dues | $42,943 |
| Investment income | $194 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,883 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,825 |
| Professional fees and other payments to independent contractors | $1,628 |
| Occupancy, rent, utilities, and maintenance | $2,700 |
| Printing, publications, postage, and shipping | $744 |
| Other expenses | $39,482 |
| Total expenses | $82,379 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,641 |
| Other assets | $0 |
| Total assets | $81,587 |
| Total liabilities | $5,258 |
| Net assets or fund balances | $76,329 |