Hermantown Chamber Of Commerce
- Assets
- $57.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hermantown, MN
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 41-1782426
Organization Overview
Hermantown Chamber Of Commerce is located in Hermantown, MN. The organization was established in 2000. 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. Hermantown 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, Hermantown Chamber Of Commerce generated $134.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $180.1k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
GENERAL CHAMBER OF COMMERCE ACTIVITIES, PROMOTION OF CITY AND COUNTY, AND SUPPORT OF INDUSTRIAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Johnson Vice Chair | 2 | $0 | |
Micki Wojtysiak Treasurer | 2 | $0 | |
Nicole Karnowski Secretary | 2 | $0 | |
Kristin Reinsch Board | 1 | $0 | |
Kimberly Parmeter President/ce | 40 | $66,250 | |
Tom Werner Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,931 |
| Total Program Service Revenue | $14,935 |
| Membership dues | $83,860 |
| Investment income | $348 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,900 |
| Other Revenue | $0 |
| Total Revenue | $133,974 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $100,762 |
| Professional fees and other payments to independent contractors | $5,353 |
| Occupancy, rent, utilities, and maintenance | $18,360 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,577 |
| Total expenses | $180,052 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,634 |
| Other assets | $0 |
| Total assets | $57,237 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,237 |