Isle Area Chamber Of Commerce
- Assets
- $23.4k
- Revenue
- $95.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Isle, MN
- Founding
- 06/2009
- Data as of
- 12/2023
- EIN
- 26-3828834
Organization Overview
Isle Area Chamber Of Commerce is located in Isle, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isle 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 12/2023, Isle Area Chamber Of Commerce generated $95.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $105.1k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ISLE AREA CHAMBER OF COMMERCE IS A GROUP OF LOCAL BUSINESSES, ENTITIES AND INDIVIDUALS, ORGANIZED AND COMMITTED TO PROMOTE THE ISLE AND SOUTH MILLE LACS AREA BUSINESS, ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL AND EDUCATIONAL INTERESTS. OUR MISSION IS TO BE A LEADER IN PROMOTING THE SPIRIT OF OUR CITY AND HELPING TO ENHANCE A PROGRESSIVE BUSINESS ENVIRONMENT AS WELL AS TO SERVE AS THE BUSINESS VOICE OF ISLE AND THE SOUTH MILLE LACS AREA. THE IACC SEEKS TO WORK WITH OTHER AREA ORGANIZATIONS, ENTITIES AND INDIVIDUALS IN A SPIRIT OF TEAMWORK AND COOPERATION FOR THE OVERALL BETTERMENT OF OUR COMMUNITY.WE ALSO DESIRE TO SERVE AS A BUSINESS ADVOCATE AND REPRESENTATIVE ON LEGISLATIVE AND REGULATORY ISSUES THAT IMPACT OUR AREA. WE SEEK TO PROMOTE RECOGNITION OF EDUCATIONAL ACHIEVEMENTS THROUGH BUSINESS/EDUCATIONAL PARTNERSHIPS. TOGETHER, WE STRIVE TO MAKE ISLE A BETTER PLACE TO LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS AND COMMUNITY SUPPORTED AND PROMOTED,THE ISLE DAYS CELEBRATION BRINGS THOUSANDS OF TOURISTS AND LOCAL CITIZENS TOGETHER IN OUR AREA, WHICH IN TURN SUPPORTS LOCAL BUSINESSES, THE ECONOMY AND PROMOTES COMMUNITY.
DOWNTOWN BANNERS MAIN STREET BEUTIFICATION
VARIOUS COMMUNITY EVENTS AND BEAUTIFICATION:-ANNUAL CHRISTMAS IN THE PARK CELEBRATION--OLDE TYME FALL FEST - -ADVERTISING FOR THESE EVENTS - -CHAMBER BUCKS PROGRAM, DISCOUNTED CASH TO PROMOTE SHOP LOCAL SMALL BUSINESSES- -AWARDS FOR CITIZEN OF THE YEAR, PRESIDENTS AWARD, EDUCATOR OF THE YEAR AND ACHIEVEMENT -
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daron Stenvold President & CEO | Trustee | 3 | $0 |
Danie Powell Secretary | Trustee | 2 | $0 |
Tim Potoczny Director | Trustee | 1 | $0 |
Donald Dahlen Vice President | Officer | 1 | $0 |
Linda Dahlen Treasurer | Officer | 3 | $0 |
Nick Skogen Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,576 |
| Total Program Service Revenue | $85,538 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $504 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,077 |
| Office expenses | $662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50 |
| Insurance | $2,826 |
| All other expenses | $29,336 |
| Total functional expenses | $105,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,350 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $23,350 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $23,350 |
| 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 | $23,350 |