North Branch Area Chamber Of Commerce
- Assets
- $38.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Branch, MN
- Founding
- 01/2002
- Data as of
- 10/2020
- EIN
- 41-1821827
Organization Overview
North Branch Area Chamber Of Commerce is located in North Branch, MN. The organization was established in 2002. 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. North Branch Area 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 10/2020, North Branch Area Chamber Of Commerce generated $96.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $80.1k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
GOLF AND LUNCHEONS PROVIDE NETWORKING OPPORTUNITIES TO BUSINESSES WHILE RAISING FUNDS FOR CHAMBER PROGRAMS. NUMBERS WERE DOWN DUE TO COVID PANDEMIC LIMITING LUNCHEONS TO ONLY 4 TIMES AND NUMBER OF GOLFERS TO 48. FALL AND WINTER FESTIVALS ALONG WITH MIDSUMMER DAYS, DRAW PEOPLE OUT AND FOSTER A SENSE OF COMMUNITY. WELCOME PACKETS ARE MAILED OUT TO NEW COMMUNITY RESIDENTS TO ACCLIMATE THEM TO THE AREA. THE ANNUAL COMMUNITY CONNECTIONS EXPO IS ALSO A BIG EVENT THAT WAS CANCELED DUE TO COVID PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Reed President | 5 | $0 | |
Jenna Jones Vice Preside | 3 | $0 | |
Brad Larson Treasurer | 3 | $0 | |
Brett Carlson Director | 1 | $0 | |
Jenelle Boyce Director | 1 | $0 | |
Jim Antolik Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,519 |
| Total Program Service Revenue | $0 |
| Membership dues | $61,986 |
| Investment income | $128 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,933 |
| Other Revenue | $15,868 |
| Total Revenue | $96,434 |
| Statement of Expenses | |
|---|---|
| Total expenses | $80,063 |
| Balance Sheet | |
|---|---|
| Total assets | $38,644 |
| Total liabilities | $1,218 |
| Net assets or fund balances | $37,426 |
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 |