Midway Chamber Of Commerce

Organization Overview

Midway Chamber Of Commerce is located in Saint Paul, MN. The organization was established in 1938. 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 06/2021, Midway Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midway 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 06/2021, Midway Chamber Of Commerce generated $191.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $202.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CHAMBER EXISTS TO STRENGTHEN AND ENHANCE THE BUSINESS AND RESIDENTIAL ENVIRONMENT OF THE MIDWAY AREA OF SAINT PAUL BY ACTING AS A FORUM FOR THE BUSINESS COMMUNITY FOR COMMON ISSUES AND CONCERNS AND A COMMON MARKET FOR THEIR PRODUCTS AND SERVICES, BY INFLUENCING GOVERNMENT ACTIONS AFFECTING THE MIDWAY AREA, AND BY DISSEMINATING BUSINESS, ECONOMIC, AND COMMUNITY INFORMATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE THE MIDWAY AS A GOOD PLACE TO DO BUSINESS BY ENHANCING THE AREA'S IMAGE, ATTRACTING NEW BUSINESSES, ENSURING MEMBERS HAVE ACCESS TO WELL QUALIFIED WORKERS AND EMPLOYMENT RESOURCES, AND ALLOW MEMBERS TO NETWORK AND PROMOTE THEIR BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Chad Kulas
Executive Director
$80,216
Jamison Randall
Chair
$0
John Young
Immediate Past Chair
$0
Sabrina Fay
Vice Chair
$0
Matt Meyers
Treasurer
$0
Jim Pearson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$34,950
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$49,950
Total Program Service Revenue$125,779
Investment income $607
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $100
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $15,390
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $191,826

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