New Prague Chamber Of Commerce Inc
- Assets
- $96.7k
- Revenue
- $207.3k
- Investments
- $0.0
- Employees
- 4
- Location
- New Prague, MN
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 41-1522716
Organization Overview
New Prague Chamber Of Commerce Inc is located in New Prague, MN. The organization was established in 1988. 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, New Prague 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. New Prague 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, New Prague Chamber Of Commerce Inc generated $207.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $198.5k during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENHANCE THE COMMUNITY. THE NEW PRAGUE CHAMBER OF COMMERCE IS A GROUP OF APPROXIMATELY 175 BUSINESSES AND INDIVIDUALS THAT SHARE THE MUTUAL GOAL OF KEEPING NEW PRAGUE A VITAL PLACE TO LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOZINSKY FESTIVAL: FOR OVER 30 YEARS, THE CHAMBER HAS ORGANIZED THE DOZINKY FESTIVAL. THIS IS A LARGE COMMUNITY EVENT HELD ON THE THIRD WEEKEND IN SEPTEMBER. FRIDAY NIGHT FESTIVITIES INCLUDE A CLASSIC CAR CRUISE, WHERE HUNDREDS OF CLASSIC CARS CRUISE MAIN STREET, FOLLOWED BY A STREET DANCE FEATURING LOCAL ENTERTAINMENT AT THE CHAMBER BEER GARDEN. ON SATURDAY, THE CZECH-FLAVORED FESTIVAL BEGINS WITH AN OPENING CEREMONY IN THE CZECH VILLAGE FOOD AND MERCHANDISE VENDORS OPEN UP AT 10 AM AND SERVE UNTIL 5 PM. AT NOON, A PARADE OF FARM PRIDE IS HELD TO HONOR OUR AGRICULTURAL AND CULTURAL ANCESTRY. DUE TO COVID-19 THE DOZINSKY FESTIVAL WAS UNABLE TO BE HELD.
OTHER COMMUNITY PROMOTIONS: EACH YEAR, THE CHAMBER OF COMMERCE ALSO ORGANIZES SMALLER PROGRAMS TO PROMOTE SHOPPING LOCAL AND COMING TOGETHER AS A COMMUNITY. WE ADMINISTER THE NEW PRAGUE CZECHS PROGRAM, WHICH ARE GIFT CERTIFICATES THAT ARE USABLE AT ANY CHAMBER-MEMBER BUSINESS. WE PRODUCE "CZECH OUT NEW PRAGUE" - WHICH SHOWCASES AREA BIUSINESSES AND ORGANIZATIONS - AND IT'S FREETO THE PUBLIC. DURING THE HOLIDAY SHOPPING SEASON - BETWEEN THANKSGIVING AND CHRISTMAS - WE COOPERATIVELY ADVERTISE HOMETOWN HOLIDAY. IT'S A MARKETING CAMPAIGN WITH PRIZE DRAWINGS WITH AN EMPHASIS ON KEEP SHOPPING LOCAL. THE CHAMBER IS BUSY ALL YEAR LONG PROMOTING LOCAL BUSINESSES AND PUTTING ON LOCAL EVENTS. WE HAVE A LONG TRADITION OF FINE EVENTS AND HOPE TO CONTINUE THOSE INTO THE FUTURE.
HALF MARATHON: EACH MAY, THE NEW PRAGUE HALF MARATHON, 10K, AND 5K IS HELD. ALMOST 500 RUNNERS PARTICIPATE IN THE RACES. THIS EVENT HAS BEEN TAKING PLACE SINCE 1985. IT IS ONE OF THE OLDEST INDEPENDENT HALF MARATHONS IN THE STATE OF MINNESOTA. DUE TO COVID-19 THE HALF MARATHON WAS HELD AS A VIRTUAL EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke A Sticha Executive Di | OfficerTrustee | 45 | $48,880 |
Cassandra Barten Director | Trustee | 1 | $0 |
Samantha Chambers Director | Trustee | 1 | $0 |
Erin Hutton Director | Trustee | 1 | $0 |
Angelle Kuehner Director | OfficerTrustee | 1 | $0 |
Austin Reville Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,736 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,736 |
| Total Program Service Revenue | $141,472 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$11,907 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,213 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,464 |
| Payroll taxes | $5,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,125 |
| Office expenses | $8,126 |
| Information technology | $5,369 |
| Royalties | $0 |
| Occupancy | $8,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,678 |
| All other expenses | $16,201 |
| Total functional expenses | $198,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,733 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,982 |
| Total assets | $96,715 |
| 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 | $4,384 |
| Total liabilities | $4,384 |
| Net assets without donor restrictions | $53,153 |
| Net assets with donor restrictions | $39,178 |
| 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 | $96,715 |