Morris Area Chamber Of Commerce & Agriculture Inc
- Assets
- $51.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morris, MN
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 41-0426295
Organization Overview
Morris Area Chamber Of Commerce & Agriculture Inc is located in Morris, MN. The organization was established in 1945. 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. Morris Area Chamber Of Commerce & Agriculture 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 12/2021, Morris Area Chamber Of Commerce & Agriculture Inc generated $74.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $86.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TO USE FUNDRAISING AND DUES TO GENERALLY PROMOTE THE CITY OF MORRIS AND ITS BUSINESSES. TO EXPOSE THE CITY OF MORRIS TO OTHER COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Konz Chair | 0.25 | $0 | |
Stephanie Cid Director | 0.25 | $0 | |
Shelly Anfinson Director | 0.25 | $0 | |
Sarah Backman Director | 0.25 | $0 | |
Amy Ekren Director | 0.25 | $0 | |
Matt Johnson Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,726 |
| Membership dues | $49,336 |
| Investment income | $34 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,589 |
| Other Revenue | $3,857 |
| Total Revenue | $74,542 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,505 |
| Professional fees and other payments to independent contractors | $2,006 |
| Occupancy, rent, utilities, and maintenance | $12,117 |
| Printing, publications, postage, and shipping | $1,470 |
| Other expenses | $37,793 |
| Total expenses | $86,891 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,945 |
| Other assets | $0 |
| Total assets | $51,053 |
| Total liabilities | $882 |
| Net assets or fund balances | $50,171 |
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|---|---|---|
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Wisconsin Bankers Association Madison, WI | $11,076,284 | $5,774,675 |
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