Redwood Area Chamber And Tourism
- Assets
- $146.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redwood Falls, MN
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 41-0498482
Organization Overview
Redwood Area Chamber And Tourism is located in Redwood Falls, MN. The organization was established in 1943. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redwood Area Chamber And Tourism 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, Redwood Area Chamber And Tourism generated $155.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $129.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
VARIOUS SERVICES TO PROMOTE THE CITY OF REDWOOD FALLSAND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Johnson Executive Di | 40 | $45,521 | |
Joel Mathiowetz Board Chair | 1 | $0 | |
Gabe Prescott Director | 1 | $0 | |
Ray Sweeetman Director | 1 | $0 | |
Chelsey Rettmann Director | 1 | $0 | |
Natalie Seehausen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,311 |
| Total Program Service Revenue | $51,488 |
| Membership dues | $53,066 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $103 |
| Total Revenue | $154,968 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,454 |
| Professional fees and other payments to independent contractors | $3,660 |
| Occupancy, rent, utilities, and maintenance | $11,502 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $48,001 |
| Total expenses | $129,617 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $145,959 |
| Other assets | $0 |
| Total assets | $146,201 |
| Total liabilities | $40,549 |
| Net assets or fund balances | $105,652 |
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