Mcgregor Area Chamber Of Commerce
- Assets
- $75.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mcgregor, MN
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 41-1298658
Organization Overview
Mcgregor Area Chamber Of Commerce is located in Mcgregor, MN. The organization was established in 2015. According to its NTEE Classification (Y11) the organization is classified as: Single Organization Support, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcgregor 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 12/2023, Mcgregor Area Chamber Of Commerce generated $92.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $109.7k during the year ending 12/2023. While expenses have increased by 16.1% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CONTINUALLY PROMOTING BUSINESSES WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Eken President | 0.5 | $0 | |
Katie Nelson Secretary | 0.5 | $0 | |
Brittany Sorenson Board Member | 0.5 | $0 | |
Tim Scollard Vice President | 0.5 | $0 | |
Kari Horbacz Director | 25 | $30,000 | |
Brandon Popp Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,380 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,381 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,048 |
| Professional fees and other payments to independent contractors | $7,960 |
| Occupancy, rent, utilities, and maintenance | $3,801 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,880 |
| Total expenses | $109,689 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,264 |
| Other assets | $0 |
| Total assets | $75,264 |
| Total liabilities | $520 |
| Net assets or fund balances | $74,744 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
G O Forward Charitable Tr Milwaukee, WI | $73,601,409 | $977,041 |
Cedar Memorial Park Cemetery Assoc Inc Merchds & Serv Tr No Two Waterloo, IA | $51,507,223 | $8,980,599 |
Mni Waste Water Company Eagle Butte, SD | $72,962,489 | $5,436,194 |
Unity Medical Center Foundation Grafton, ND | $3,584,299 | $333,797 |
Big West Fastpitch League Of Minnesota Medina, MN | $3,367 | $220,780 |
Mcgregor Area Chamber Of Commerce Mcgregor, MN | $75,264 | $0 |
Cedar Memorial Park Cemetery Chapel Of Memories Permanent Care Trust Waterloo, IA | $1,807,881 | $147,360 |
Lakeside Cemetery Foundation Fairmont, MN | $38,100 | $0 |
Tifereth Israel Synagogue Foundation Des Moines, IA | $2,018,253 | $70,939 |
Village Of Doylestown Chestnut Hill Cemetery Endowment Fund 030-18420 Milwaukee, WI | $312,335 | $0 |