Thief River Falls Chamber Of Commerce
- Assets
- $310.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thief River Falls, MN
- Founding
- 02/1972
- Data as of
- 12/2021
- EIN
- 41-0643422
Organization Overview
Thief River Falls Chamber Of Commerce is located in Thief River Falls, MN. The organization was established in 1972. 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. Thief River Falls 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, Thief River Falls Chamber Of Commerce generated $188.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $160.8k during the year ending 12/2021. 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
THE ORGANIZATION CONDUCTS PROMOTIONS AND ACTIVITIES IN THE COMMUNITY PROMOTING BUSINESS GROWTH AND DEVELOPMENT IN EFFORTS TO IMPROVE THE COMMUNITY AS A WHOLE. THE ORGANIZATION HAS OVER 200 BUSINESSES AS MEMBERS CONTRIBUTING TO AND BENEFITING FROM THESE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Westling Chair Elect | 1 | $0 | |
Chris Mclean Chair | 5 | $0 | |
Leeann Nelson Director | 1 | $0 | |
Anton Bergee Past Chair | 1 | $0 | |
Mark Schmitke Director | 1 | $0 | |
John Syvertson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $111,079 |
| Membership dues | $77,406 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $188,485 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,780 |
| Professional fees and other payments to independent contractors | $4,867 |
| Occupancy, rent, utilities, and maintenance | $7,836 |
| Printing, publications, postage, and shipping | $1,370 |
| Other expenses | $90,989 |
| Total expenses | $160,842 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $251,174 |
| Other assets | $0 |
| Total assets | $310,488 |
| Total liabilities | $181,418 |
| Net assets or fund balances | $129,070 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Thief River Falls Chamber Of Commerce has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |