Waconia Chamber Of Commerce
- Assets
- $274.4k
- Revenue
- $323.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Waconia, MN
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 41-1399256
Organization Overview
Waconia Chamber Of Commerce is located in Waconia, MN. The organization was established in 1984. 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. As of 12/2022, Waconia Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waconia 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, Waconia Chamber Of Commerce generated $323.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $308.7k during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WACONIA CHAMBER OF COMMERCE PROVIDES MONTHLY NETWORKING OPPORTUNITIES, PROMOTES POSITIVE BUSINESS ENVIRONMENT, AND ENHANCES THE QUALITY OF LIFE IN WACONIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH OVER 200 MEMBERS, THE WACONIA CHAMBER OF COMMERCE PROVIDES MONTHLY NETWORKING OPPORTUNITIES AND COMMUNITY EVENTS TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT IN THE CITY OF WACONIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Delange Director | Trustee | $0 | |
Khuzana Devaan Director | Trustee | $0 | |
Todd Hann Director | Trustee | $0 | |
Greg James Director | Trustee | $0 | |
Jennifer Kaeding Director | Trustee | $0 | |
Jamie Mackenthun Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $126,357 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,081 |
| Total Program Service Revenue | $59,030 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $98,320 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,648 |
| Pension plan accruals and contributions | $3,328 |
| Other employee benefits | $0 |
| Payroll taxes | $9,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,479 |
| Office expenses | $9,544 |
| Information technology | $19,108 |
| Royalties | $0 |
| Occupancy | $5,587 |
| Travel | $2,617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,107 |
| All other expenses | $23,325 |
| Total functional expenses | $308,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,343 |
| Savings and temporary cash investments | $85,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,985 |
| Total assets | $274,413 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $98,850 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$618 |
| Total liabilities | $98,232 |
| Net assets without donor restrictions | $176,181 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $274,413 |