Forest Lake Area Chamber Of Commerce
- Assets
- $143.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Lake, MN
- Founding
- 06/1982
- Data as of
- 06/2022
- EIN
- 41-0859790
Organization Overview
Forest Lake Area Chamber Of Commerce is located in Forest Lake, MN. The organization was established in 1982. 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. Forest Lake 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 06/2022, Forest Lake Area Chamber Of Commerce generated $87.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $115.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nannette M Lanasa Executive Di | 40 | $50,385 | |
Jennifer Lorge Director | 1 | $0 | |
Mike Bohnsack Director | 1 | $0 | |
Melanie Berneck Director | 1 | $0 | |
Tristan Wilberg Director | 1 | $0 | |
Alex Bulmer Past Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,054 |
| Total Program Service Revenue | $7,004 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,665 |
| Other Revenue | $0 |
| Total Revenue | $87,740 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,457 |
| Professional fees and other payments to independent contractors | $18,366 |
| Occupancy, rent, utilities, and maintenance | $8,197 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,236 |
| Total expenses | $115,256 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $143,109 |
| Other assets | $0 |
| Total assets | $143,259 |
| Total liabilities | $56,798 |
| Net assets or fund balances | $86,461 |
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 |