Alexandria Chamber Of Commerce Inc
- Assets
- $833.9k
- Revenue
- $354.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Alexandria, MN
- Founding
- 06/1945
- Data as of
- 12/2023
- EIN
- 41-0185545
Organization Overview
Alexandria Chamber Of Commerce Inc is located in Alexandria, MN. The organization was established in 1945. As of 12/2023, Alexandria Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alexandria 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 12/2023, Alexandria Chamber Of Commerce Inc generated $354.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $333.5k during the year ending 12/2023. 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
PROMOTE COMMERCE & INDUSTRY IN ALEXANDRIA, MN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER SERVICES THE ALEXANDRIA AREA BUSINESS COMMUNITY BY PROMOTING COMMERCE & INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Bitzan Executive Dir. | OfficerTrustee | 40 | $90,347 |
Greg Bowen Executive Board | Trustee | 0.75 | $0 |
Matt Gilbertson Treasurer | Trustee | 1.5 | $0 |
Tyler Notch President | Trustee | 1.5 | $0 |
Lynn Jenc Board Member | Trustee | 0.75 | $0 |
Molly Comer Secretary | Trustee | 1.5 | $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 | $270,174 |
| Investment income | $8,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,035 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $354,946 |
| 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. | $90,347 |
| Compensation of current officers, directors, key employees. | $90,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,278 |
| Pension plan accruals and contributions | $5,828 |
| Other employee benefits | $1,855 |
| Payroll taxes | $16,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,370 |
| Office expenses | $3,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $2,976 |
| 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 | $2,491 |
| Insurance | $9,274 |
| All other expenses | $21,397 |
| Total functional expenses | $333,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,840 |
| Savings and temporary cash investments | $479,765 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,189 |
| 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 | $2,884 |
| Net Land, buildings, and equipment | $36,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $833,905 |
| Accounts payable and accrued expenses | $66,683 |
| 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 | $292,749 |
| Total liabilities | $359,432 |
| 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 | $474,473 |
| Total liabilities and net assets/fund balances | $833,905 |