Blooming Prairie Chamber of Commerce
- Assets
- $87.3k
- Revenue
- $26.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Blooming Prairie, MN
- Founding
- Data as of
- 12/2022
- EIN
- 41-1489940
Organization Overview
Blooming Prairie Chamber of Commerce is located in Blooming Prairie, MN. As of 12/2022, Blooming Prairie Chamber of Commerce employed 3 individuals. Blooming Prairie 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 12/2022, Blooming Prairie Chamber of Commerce generated $26.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $24.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FRAMEWORK FOR COMMUNITY GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURISM - BLOOMING PRAIRIE COMMUNITY INFOBEER AND WINE - TO BRING THE COMMUNITY TOGETHERGOLF FUN - TO PROVIDE ENTERTAINMENT FOR THE COMMUNITYGARAGE SALE - CITY WIDE GARAGE SALE - 250-500 PARTICIPANTSLETS GET LIT AND TOGETHER WE SHINE - TO BEAUTIFY THE CITY OLD FASHIONED 4TH OF JULY - CITY WIDE CELEBRATIONS, 2 DAYS OF EVENTS OPEN TO THE GENERAL PUBLIC, 40,000 PEOPLE ATTENDED ANNUALLY, 2000 RESIDENTS AND MERCHANTS PARTICIPATELAWFUL GAMBLING AS UNRELATED BUSINESS INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Peterson Secretary | Trustee | 2 | $4,170 |
Jim Fiebiger Director | Officer | 1 | $0 |
Trevor Kruckeberg President | Officer | 1 | $0 |
Adam Thoen Treasurer | Officer | 2 | $0 |
Joe Motl Vice President | Officer | 1 | $0 |
Curt Esplan Gov't Relations | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,791 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,841 |
| Total Program Service Revenue | $19,105 |
| Investment income | $226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,456 |
| Net Income from Gaming Activities | -$7,728 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,170 |
| Compensation of current officers, directors, key employees. | $4,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,652 |
| Office expenses | $1,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,325 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $853 |
| All other expenses | $672 |
| Total functional expenses | $24,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,293 |
| Savings and temporary cash investments | $49,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,308 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,660 |
| Total liabilities | $7,660 |
| Net assets without donor restrictions | $58,900 |
| Net assets with donor restrictions | $20,748 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $87,308 |