Marshall Chamber Of Commerce
- Assets
- $483.8k
- Revenue
- $432.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Marshall, MN
- Founding
- 12/1935
- Data as of
- 09/2023
- EIN
- 41-0395440
Organization Overview
Marshall Chamber Of Commerce is located in Marshall, MN. The organization was established in 1935. 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 09/2023, Marshall Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall 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 09/2023, Marshall Chamber Of Commerce generated $432.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $345.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 years. 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
CHAMBER'S CORE PURPOSE IS TO BE A CATALYST FOR MARSHALL'S CONTINUED SUCCESS AS A REGIONAL BUSINESS CENTER IN SOUTHWEST MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND IMPROVE THE BUSINESS CLIMATE IN THE MARSHALL AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Alcorn Director | Trustee | $0 | |
Chad Drake Director | Trustee | $0 | |
Charlie Ehlers Director | Trustee | $0 | |
John Full Director | Trustee | $0 | |
Leslie Hart Director | Trustee | $0 | |
Morgan Mahoney Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $206,532 |
| 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 | $206,532 |
| Total Program Service Revenue | $140,898 |
| Investment income | $2,924 |
| 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 | $432,129 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,092 |
| Pension plan accruals and contributions | $3,500 |
| Other employee benefits | $7,460 |
| Payroll taxes | $12,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,200 |
| Advertising and promotion | $14,116 |
| Office expenses | $7,110 |
| Information technology | $1,440 |
| Royalties | $0 |
| Occupancy | $25,364 |
| Travel | $6,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $2,150 |
| Conferences, conventions, and meetings | $4,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $580 |
| Insurance | $3,440 |
| All other expenses | $4,248 |
| Total functional expenses | $345,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,074 |
| Savings and temporary cash investments | $296,022 |
| 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 | $16,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,831 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,644 |
| 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 | $90,846 |
| Total liabilities | $95,490 |
| Net assets without donor restrictions | $388,341 |
| 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 | $483,831 |