Glenwood Chamber Of Commerce
- Assets
- $39.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenwood, MN
- Founding
- 09/1945
- Data as of
- 12/2022
- 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 12/2022, Glenwood Chamber Of Commerce generated $105.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $108.3k during the year ending 12/2022. 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
BUSINESSES PROMOTED THROUGH BROCHURES, CRAFT FAIRS, SPORTS, SHOWS, SEMINARS AND MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Jabas Director | 2 | $0 | |
Matt Daniels Director | 2 | $0 | |
Janelle Negan Director | 2 | $0 | |
Trina Starker Exec Director | 40 | $52,000 | |
Jordon Mcmahon President | 5 | $0 | |
Mark Kahrs Past President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,060 |
| Total Program Service Revenue | $14,146 |
| Membership dues | $71,472 |
| Investment income | $51 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,729 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,469 |
| Professional fees and other payments to independent contractors | $735 |
| Occupancy, rent, utilities, and maintenance | $14,590 |
| Printing, publications, postage, and shipping | $2,996 |
| Other expenses | $32,532 |
| Total expenses | $108,322 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,319 |
| Other assets | $0 |
| Total assets | $39,355 |
| Total liabilities | $2,321 |
| Net assets or fund balances | $37,034 |