Preston Area Chamber Of Commerce
- Assets
- $39.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Preston, MN
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-2803026
Organization Overview
Preston Area Chamber Of Commerce is located in Preston, MN. The organization was established in 2008. 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. Preston 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 12/2021, Preston Area Chamber Of Commerce generated $28.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $24.1k during the year ending 12/2021. 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
PROMOTION OF THE CITY OF PRESTON AND ITS LOCALACTIVITIES AND BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabby Kinneberg Executive Director | 8 | $0 | |
Becky Jones President | 1 | $0 | |
Ashley Lafleur Secretary | 1 | $0 | |
Jason Sethre Vice President | 1 | $0 | |
Ilene Edwards Treasurer | 1 | $0 | |
Terri Allen Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,740 |
| Investment income | $29 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,778 |
| Other Revenue | $12,223 |
| Total Revenue | $28,770 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,130 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $378 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,599 |
| Total expenses | $24,107 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,863 |
| Other assets | $0 |
| Total assets | $39,213 |
| Total liabilities | $229 |
| Net assets or fund balances | $38,984 |
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 |