Madelia Chamber Of Commerce

Organization Overview

Madelia Chamber Of Commerce is located in Madelia, MN. The organization was established in 1965. 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. Madelia 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, Madelia Chamber Of Commerce generated $88.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $80.9k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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

THE MADELIA CHAMBER OF COMMERCE PROMOTES BUSINESS AND COMMUNITY GROWTH THROUGH MONTHLY MEMBERSHIP MEETINGS AND ONGOING COMMUNITY ACTIVITIES. THE ORGANIZATION WORKS TOGETHER WITH ITS MEMBERS TO SOLVE PROBLEMS AND CREATE OPPORTUNITIES FOR LOCAL BUSINESSES AND THE COMMUNITY AS A WHOLE.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$91,545
Total Program Service Revenue$0
Membership dues$31,148
Investment income $32
Gain or Loss$0
Net Income from Gaming & Fundraising-$36,012
Other Revenue$0
Total Revenue$88,004

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