St Cloud Chamber Of Commerce Inc
- Assets
- $2.0m
- Revenue
- $2.2m
- Investments
- $22.5k
- Employees
- 17
- Location
- St Cloud, MN
- Founding
- 10/1944
- Data as of
- 08/2021
- EIN
- 41-0517417
Organization Overview
St Cloud Chamber Of Commerce Inc is located in St Cloud, MN. The organization was established in 1944. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2021, St Cloud Chamber Of Commerce Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Cloud Chamber Of Commerce 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 08/2021, St Cloud Chamber Of Commerce Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.9m during the year ending 08/2021. While expenses have increased by 0.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ST CLOUD AREA CHAMBER OF COMMERCE IS THE PREMIER REPRESENTATIVE OF THE BUSINESS COMMUNITY. SUPPORTED AND LED BY MEMBERS AND PROFESSIONAL STAFF, WE CREATE, ENHANCE AND SUPPORT A HEALTHY BUSINESS ENVIRONMENT FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST CLOUD AREA CHAMBER OF COMMERCE IS A REGIONAL MEMBERSHIP ORGANIZATION MADE UP OF DIVERSE BUSINESSES. WE INCREASE BUSINESS CONTACTS, ENHANCE PROFESSIONAL DEVELOPMENT, AND PROVIDE LEADERSHIP AND INFORMATION ON LOCAL, STATE AND NATIONAL BUSINESS ISSUES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Bohnen President | Officer | 36 | $163,011 |
Bernadette Perryman Chair | OfficerTrustee | 1 | $0 |
Kevin Johnson Vice Chair | OfficerTrustee | 1 | $0 |
Ron Brandenburg Past Chair | OfficerTrustee | 0.5 | $0 |
Joe Hellie Director | Trustee | 0.5 | $0 |
Christy Gilleland Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $626,803 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,215,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,535 |
| Noncash contributions included in lines 1a–1f | $18,535 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,860,996 |
| Total Program Service Revenue | $302,693 |
| Investment income | $579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,003 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $195 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,176,466 |
| 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. | $165,056 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $781,678 |
| Pension plan accruals and contributions | $48,087 |
| Other employee benefits | $111,383 |
| Payroll taxes | $71,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,200 |
| Advertising and promotion | $167,530 |
| Office expenses | $55,357 |
| Information technology | $9,405 |
| Royalties | $0 |
| Occupancy | $191,931 |
| Travel | $14,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,808 |
| Insurance | $11,027 |
| All other expenses | $10,120 |
| Total functional expenses | $1,917,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,522,326 |
| Savings and temporary cash investments | $164,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,996 |
| Prepaid expenses and deferred charges | $35,112 |
| Net Land, buildings, and equipment | $65,349 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $22,515 |
| Investments—program-related | $0 |
| Intangible assets | $20,000 |
| Other assets | $0 |
| Total assets | $2,025,264 |
| Accounts payable and accrued expenses | $171,299 |
| Grants payable | $0 |
| Deferred revenue | $329,086 |
| 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 | $0 |
| Total liabilities | $500,385 |
| Net assets without donor restrictions | $1,524,879 |
| 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 | $2,025,264 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benedictine Living Community Owatonna Minneapolis, MN | $16,154,920 | $11,439,984 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
Rochester Mn Convention & Visitors Bureau Rochester, MN | $3,813,150 | $6,781,864 |
Builders Association Of The Twin Cities Roseville, MN | $16,664,252 | $7,996,813 |
St Paul Area Board Of Realtors Inc Multiple Listing Service St Paul, MN | $14,704,848 | $6,091,315 |
Better Business Bureau Of Minnesota Inc Burnsville, MN | $5,220,297 | $4,952,353 |
Minnesota Association Of Realtors Minnetonka, MN | $10,479,384 | $5,202,086 |
Greater Minneapolis Chamber Of Commerce Minneapolis, MN | $1,657,296 | $4,628,639 |
Door County Visitor Bureau Inc Sturgeon Bay, WI | $5,249,260 | $5,589,683 |
Greater Des Moines Convention And Visitors Bureau Inc Des Moines, IA | $2,863,787 | $3,767,003 |
Iowa Association Of Realtors West Des Moines, IA | $6,111,442 | $3,764,514 |
Saint Paul Area Chamber Of Commerce St Paul, MN | $2,067,374 | $2,351,023 |