Glenwood Chamber Of Commerce
- Assets
- $68.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenwood, MN
- Founding
- 09/1945
- Data as of
- 12/2021
- EIN
- 41-0658292
Organization Overview
Glenwood Chamber Of Commerce is located in Glenwood, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenwood 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, Glenwood Chamber Of Commerce generated $99.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $95.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 5 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
BUSINESSES PROMOTED THROUGH BROCHURES, CRAFT FAIRS, SPORTS, SHOWS, SEMINARS AND MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janelle Negan Exec Director | 40 | $46,404 | |
Trina Starker Exec Director | 40 | $8,000 | |
Jen Jabas Director | 2 | $0 | |
Angie Vanzee Director | 2 | $0 | |
Matt Daniels Director | 2 | $0 | |
Jordon Mcmahon President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,728 |
| Total Program Service Revenue | $23,381 |
| Membership dues | $54,413 |
| Investment income | $47 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,353 |
| Total Revenue | $99,922 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,128 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,165 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,948 |
| Total expenses | $95,241 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,549 |
| Other assets | $0 |
| Total assets | $68,387 |
| Total liabilities | $28,764 |
| Net assets or fund balances | $39,623 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
Metropolitan Milwaukee Association Of Commerce Milwaukee, WI | $14,063,997 | $8,001,819 |
Wisconsin Bankers Association Madison, WI | $11,076,284 | $5,774,675 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |
Mra Institute Of Management Inc Waukesha, WI | $11,508,138 | $5,687,346 |