Redwood Area Chamber And Tourism
- Assets
- $136.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redwood Falls, MN
- Founding
- 07/1943
- Data as of
- 12/2022
- 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 12/2022, Redwood Area Chamber And Tourism generated $147.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $151.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 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
2022
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 | 0 | $0 | |
Joel Mathiowetz Board Chair | 0 | $0 | |
Gabe Prescott Director | 0 | $0 | |
Ray Sweeetman Director | 0 | $0 | |
Chelsey Rettmann Director | 0 | $0 | |
Natalie Seehausen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $85,655 |
| Membership dues | $57,525 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,015 |
| Total Revenue | $147,195 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,646 |
| Professional fees and other payments to independent contractors | $1,960 |
| Occupancy, rent, utilities, and maintenance | $11,597 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,518 |
| Total expenses | $151,721 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,370 |
| Other assets | $0 |
| Total assets | $136,370 |
| Total liabilities | $35,243 |
| Net assets or fund balances | $101,127 |