Melrose Chamber Of Commerce Association
- Assets
- $58.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Melrose, MN
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 41-1280708
Organization Overview
Melrose Chamber Of Commerce Association is located in Melrose, MN. The organization was established in 1983. 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. Melrose Chamber Of Commerce Association 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, Melrose Chamber Of Commerce Association generated $26.8k 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 (11.1%) each year. All expenses for the organization totaled $46.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
CHAMBER PROGRAMS IMPROVE THE BUSINESS CLIMATE AND THE QUALITY OF LIFE IN THE MELROSE AREA. THE CHAMBER PROVIDES MEMBERS AND EMPLOYEES WITH OPPORTUNITY TO WORK TOGETHER TO PROMOTE THE AREA OF AGRICULTURE, PUBLIC RELATIONS, AND THE BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isaac Barten President | 1 | $0 | |
Paul Klassen Vice President | 1 | $0 | |
Missy Traeger Secretary | 1 | $0 | |
Kyle Hoium Business Member | 1 | $0 | |
Anna Blenker Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,929 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,845 |
| Other Revenue | $0 |
| Total Revenue | $26,774 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,325 |
| Professional fees and other payments to independent contractors | $1,214 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $465 |
| Other expenses | $12,313 |
| Total expenses | $46,317 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,104 |
| Other assets | $0 |
| Total assets | $58,104 |
| Total liabilities | $986 |
| Net assets or fund balances | $57,118 |
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