Woodbury Chamber Of Commerce
- Assets
- $270.4k
- Revenue
- $294.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Woodbury, MN
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 36-3588693
Organization Overview
Woodbury Chamber Of Commerce is located in Woodbury, MN. The organization was established in 1998. 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, Woodbury Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodbury 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, Woodbury Chamber Of Commerce generated $294.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $265.1k during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SPIRIT OF THE WOODBURY AREA, ENHANCE A PROGRESSIVE BUSINESS ENVIRONMENT AND SERVE AS THE BUSINESS VOICE OF THE COMMUNITY AND ITS MEMEBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNCHEONS, NEWSLETTER, BUSINESS DAY AT THE CAPITOL, BUSINESS EXPO, MEMBERSHIP DIRECTORY, COMMUNITY UPDATE REGARDING INFRASTRUCTURE/LEGISLATION, COMMUNITY EXPO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Fritz Treasurer | Officer | 2 | $0 |
Trent Scheidecker Board Chair | Officer | 5 | $0 |
Laurie Staiger President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $178,525 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,551 |
| 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 | $204,076 |
| Total Program Service Revenue | $0 |
| Investment income | $605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $89,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,991 |
| 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. | $88,578 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,233 |
| Pension plan accruals and contributions | $4,001 |
| Other employee benefits | $1,531 |
| Payroll taxes | $21,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,889 |
| Office expenses | $18,850 |
| Information technology | $4,135 |
| Royalties | $0 |
| Occupancy | $34,822 |
| Travel | $1,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,082 |
| Interest | $25 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $816 |
| Insurance | $2,553 |
| All other expenses | $0 |
| Total functional expenses | $265,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,313 |
| Savings and temporary cash investments | $200,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,887 |
| 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 | $2,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $270,374 |
| Accounts payable and accrued expenses | $2,919 |
| Grants payable | $3,966 |
| 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 | $6,885 |
| Net assets without donor restrictions | $0 |
| 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 | $263,489 |
| Total liabilities and net assets/fund balances | $270,374 |