Pipestone Area Chamber Of Commerce
- Assets
- $241.1k
- Revenue
- $202.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Pipestone, MN
- Founding
- 07/1945
- Data as of
- 12/2021
- EIN
- 41-0638521
Organization Overview
Pipestone Area Chamber Of Commerce is located in Pipestone, 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. As of 12/2021, Pipestone Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pipestone Area 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 12/2021, Pipestone Area Chamber Of Commerce generated $202.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $137.8k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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
PROMOTION OF CITY & SURROUNDING AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES PERTAINING TO BUSINESS & SOCIAL PROMOTION OF THE CITY OF PIPESTONE AND SURROUNDING AREA, INCLUDING RETAIL, AGRICULTURAL & SPECIAL PROMOTIONS.
EXPENSES PERTAINING TO BUSINESS & SOCIAL PROMOTION OF THE CITY OF PIPESTONE AND SURROUNDING AREA, INCLUDING RETAIL, AGRICULTURAL & SPECIAL PROMOTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Volkir Executive Di | Trustee | 50 | $63,750 |
Jeff Wacker President | OfficerTrustee | 1 | $0 |
Shannon Adelman Vice Preside | OfficerTrustee | 1 | $0 |
Luke Black Director | Trustee | 1 | $0 |
Chinelle Christensen Director | Trustee | 1 | $0 |
Rebecca Cortez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,734 |
| Total Program Service Revenue | $60,776 |
| Investment income | $1,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,217 |
| 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. | $63,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,804 |
| Payroll taxes | $7,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,778 |
| Office expenses | $4,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,566 |
| Travel | $135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,943 |
| All other expenses | $1,124 |
| Total functional expenses | $137,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $219,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,692 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $241,113 |
| Accounts payable and accrued expenses | $1,715 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,303 |
| Total liabilities | $22,018 |
| Net assets without donor restrictions | $219,095 |
| 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 | $241,113 |
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