Chamber Of Commerce Of Fergus Falls Inc

Organization Overview

Chamber Of Commerce Of Fergus Falls Inc is located in Fergus Falls, 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. Chamber Of Commerce Of Fergus Falls 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 09/2022, Chamber Of Commerce Of Fergus Falls Inc generated $281.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $230.6k during the year ending 09/2022. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WE SERVE AS THE LEAD ADVOCATE AND RESOURCE FOR OUR MEMBERS AND CREATE PARTNERSHIPS THAT FOSTER A HEALTHY BUSINESS CLIMATE INT HE FERGUS FALLS AREA. WE MARKET BUSINESS, BUILD BUSINESS RELATIONSHIPS, SOLVE WORKFORCE ISSUES AND PROVIDE TOURISTS AND NEW RESIDENTS WITH INFORMATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

YEARLY DUES CHARGED TO MEMBERS FOR THE PROMOTION OF BUSINESS AND COMMERCE IN FERGUS FALLS AND THE SURROUNDING AREAS


ORGANIZE AND CONDUCT SPECIAL EVENTS FOR RAISING FUNDS AND FOR THE PROMOTION OF BUSINESS AND COMMERCE IN FERGUS FALLS AND THE SURROUNDING AREAS


PROVIDE MAILING LISTS, BUSINESS DIRECTORIES AND OTHER INFORMATION FOR THE BENEFIT OF MEMBER BUSINESSES


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Board, Officers & Key Employees

Name (title)Compensation
Ben Brimhall
Director
$0
Nate Kunde
Vice Chair
$0
Jeff Ackerson
Past Chair
$0
Lisa Workman
Executive Dir.
$0
Tara Wagner
Director
$0
Dustin Morris
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$169,188
Fundraising events$0
Related organizations$0
Government grants $59,494
All other contributions, gifts, grants, and similar amounts not included above$15,945
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$244,627
Total Program Service Revenue$0
Investment income $471
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $31,299
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $281,044

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Chamber Of Commerce Of Fergus Falls Inc has recieved totaling $10,000.

Awarding OrganizationAmount
West Central Initiative

Fergus Falls, MN

PURPOSE: DEED COVID RELIEF GRANT

$10,000
View Grant Recipient Profile

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