Warroad Area Chamber Of Commerce Inc
- Assets
- $98.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warroad, MN
- Founding
- 01/1986
- Data as of
- 12/2021
- EIN
- 41-1526510
Organization Overview
Warroad Area Chamber Of Commerce Inc is located in Warroad, MN. The organization was established in 1986. 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. Warroad 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 12/2021, Warroad Area Chamber Of Commerce Inc generated $76.2k 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 (9.1%) each year. All expenses for the organization totaled $57.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.5%) 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
THE CHAMBER IS AN ORGANIZATION THAT COLLECTS DUES FROM THE WARROAD AREA BUSINESSES AND THEN HELPS PROMOTE INDIVIDUALS AND NEW BUSINESSES TO COME TO WARRROAD TO VACATION, CONDUCT BUSINESS, LIVE & WORK IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Spoden Business Manager | 30 | $22,880 | |
Wendy King President | 2 | $0 | |
Brian Peterson Vice-President | 2 | $0 | |
Steve Hagen Secretary-Treasurer | 2 | $0 | |
Mike Miller Board Member | 2 | $0 | |
James Thompson Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,868 |
| Total Program Service Revenue | $46,991 |
| Membership dues | $24,290 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,179 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,880 |
| Professional fees and other payments to independent contractors | $1,229 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,458 |
| Total expenses | $57,567 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,393 |
| Other assets | $0 |
| Total assets | $98,090 |
| Total liabilities | $1,424 |
| Net assets or fund balances | $96,666 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Warroad Area Chamber Of Commerce Inc has recieved totaling $25,500.
| Awarding Organization | Amount |
|---|---|
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: WARROAD MARKET AND OCTOBER FESTIVAL | $8,500 |
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: WARROAD MARKET AND OCTOBER FESTIVAL | $8,500 |
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: WARROAD MARKET AND OCTOBER FESTIVAL | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
Metropolitan Milwaukee Association Of Commerce Milwaukee, WI | $14,063,997 | $8,001,819 |
Wisconsin Bankers Association Madison, WI | $11,076,284 | $5,774,675 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |
Mra Institute Of Management Inc Waukesha, WI | $11,508,138 | $5,687,346 |