Chisholm Chamber Of Commerce
- Assets
- $110.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chisholm, MN
- Founding
- 08/1942
- Data as of
- 12/2022
- EIN
- 41-0188221
Organization Overview
Chisholm Chamber Of Commerce is located in Chisholm, MN. The organization was established in 1942. 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. Chisholm 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, Chisholm Chamber Of Commerce generated $113.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $105.7k during the year ending 12/2022. While expenses have increased by 2.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND ADVANCE ON A NONPROFIT BASIS THE COMMERCIAL, MERCANTILE,MANUFACTURING, SOCIAL, ECONOMIC, CIVIC, MUSICAL, ATHLETIC AND AGRICULTURALINTERESTS OF THE CITY OF CHISHOLM AND SURROUNDING TRADE AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Gigliotti President | 1 | $0 | |
Jordan Metsa Vice Pres | 1 | $0 | |
Rochelle Lappi Secretary | 1 | $0 | |
Beth Pierce Treasurer | 1 | $0 | |
Paul Marturano Board | 1 | $0 | |
Ryan Baumgard Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,600 |
| Total Program Service Revenue | $27,754 |
| Membership dues | $49,853 |
| Investment income | $113 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,610 |
| Other Revenue | $4,869 |
| Total Revenue | $113,799 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,442 |
| Professional fees and other payments to independent contractors | $1,110 |
| Occupancy, rent, utilities, and maintenance | $6,504 |
| Printing, publications, postage, and shipping | $243 |
| Other expenses | $39,449 |
| Total expenses | $105,748 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,278 |
| Other assets | $0 |
| Total assets | $110,751 |
| Total liabilities | $1,373 |
| Net assets or fund balances | $109,378 |