Southwest Metro Chamber Of Commerce
- Assets
- $196.0k
- Revenue
- $207.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Chanhassen, MN
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-3736984
Organization Overview
Southwest Metro Chamber Of Commerce is located in Chanhassen, MN. The organization was established in 2009. 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. As of 12/2022, Southwest Metro Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Metro 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, Southwest Metro Chamber Of Commerce generated $207.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $224.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SERVE AND STRENGTHEN OUR MEMBER BUSINESSES, AND STIMULATE REGIONAL PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTHWEST METRO CHAMBER OF COMMERCE IS A COMMUNITY PARTNER, A BUSINESS RESOURCE AND A BUSINESS ADVOCATE.WE SERVE OVER 310 MEMBER BUSINESSES THAT EMPLOY ROUGHLY 20,000 PEOPLE IN THE SOUTHWEST METRO AREA.OUR MAIN AREAS OF FOCUS INCLUDE:-BUSINESS REFERRALS-HELPING MEMBERS MARKETS THEIR BUSINESS-PROVIDE BUSINESS NETWORKING OPPORTUNITIES-RUN SIGNATURE COMMUNITY EVENTS-ENGAGE IN LOCAL PUBLIC POLICY-PROVIDE LEADERSHIP PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Noble Executive Director | Trustee | 40 | $76,118 |
Brent Romenesko Director | Trustee | 1 | $0 |
Sammie Engelmann Treasurer | OfficerTrustee | 1 | $0 |
Paul Newton Past Chair | Trustee | 1 | $0 |
Matthew Mcdougall Director | Trustee | 1 | $0 |
Tammy Shade Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $122,949 |
| Investment income | $585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,664 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $207,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,609 |
| Payroll taxes | $16,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,970 |
| Advertising and promotion | $390 |
| Office expenses | $1,922 |
| Information technology | $2,902 |
| Royalties | $0 |
| Occupancy | $25,204 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,270 |
| All other expenses | $2,238 |
| Total functional expenses | $224,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,269 |
| Savings and temporary cash investments | $11,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,650 |
| Total assets | $195,990 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,745 |
| Total liabilities | $119,745 |
| Net assets without donor restrictions | $76,245 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $195,990 |