Richfield Chamber Of Commerce Inc
- Assets
- $28.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richfield, MN
- Founding
- 07/1967
- Data as of
- 12/2022
- EIN
- 41-6057231
Organization Overview
Richfield Chamber Of Commerce Inc is located in Richfield, MN. The organization was established in 1967. 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. Richfield 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, Richfield Chamber Of Commerce Inc generated $51.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $42.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Nagel President | 25 | $32,500 | |
Lisa Holman Chairman | 1 | $0 | |
Cassie Sanetra Board Member | 1 | $0 | |
Nic Romero Chairman | 1 | $0 | |
Erin Rykken Board Member | 1 | $0 | |
Kevin Costello Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $49,731 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $382 |
| Other Revenue | $0 |
| Total Revenue | $51,216 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,500 |
| Professional fees and other payments to independent contractors | $1,075 |
| Occupancy, rent, utilities, and maintenance | $106 |
| Printing, publications, postage, and shipping | $212 |
| Other expenses | $9,004 |
| Total expenses | $42,897 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,918 |
| Other assets | $0 |
| Total assets | $28,918 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,918 |