Mcgregor Area Chamber Of Commerce
- Assets
- $98.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mcgregor, MN
- Founding
- 06/2015
- Data as of
- 12/2021
- 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 12/2021, Mcgregor Area Chamber Of Commerce generated $84.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $59.1k during the year ending 12/2021. While expenses have increased by 10.1% per year over the past 6 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
2021
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 | $0 | |
Tim Scollard Board Member | 0 | $0 | |
Gayle Warner Board Member | 0 | $0 | |
Katie Nelson Vice President | 0 | $0 | |
Kari Horbacz Manager | 0 | $0 | |
John Napoli Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,351 |
| Total Program Service Revenue | $0 |
| Membership dues | $21,160 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,512 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,022 |
| Professional fees and other payments to independent contractors | $1,255 |
| Occupancy, rent, utilities, and maintenance | $2,850 |
| Printing, publications, postage, and shipping | $391 |
| Other expenses | $43,574 |
| Total expenses | $59,092 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,842 |
| Other assets | $0 |
| Total assets | $98,842 |
| Total liabilities | $520 |
| Net assets or fund balances | $98,322 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Memorial Park Cemetery Assoc Inc Merchds & Serv Tr No Two Waterloo, IA | $48,674,638 | $6,457,146 |
G O Forward Charitable Tr Milwaukee, WI | $77,461,823 | $4,606,970 |
Mni Waste Water Company Eagle Butte, SD | $73,755,121 | $5,916,164 |
Cedar Memorial Park Cemetery Chapel Of Memories Permanent Care Trust Waterloo, IA | $1,812,622 | $52,891 |
Tifereth Israel Synagogue Foundation Des Moines, IA | $2,126,553 | $181,350 |
Mcgregor Area Chamber Of Commerce Mcgregor, MN | $98,842 | $0 |
Village Of Doylestown Chestnut Hill Cemetery Endowment Fund 030-18420 Milwaukee, WI | $312,809 | $0 |
Big West Fastpitch League Of Minnesota Medina, MN | $1,418 | $50 |