Madelia Chamber Of Commerce
- Assets
- $23.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madelia, MN
- Founding
- 12/1965
- Data as of
- 12/2021
- EIN
- 41-1467797
Organization Overview
Madelia Chamber Of Commerce is located in Madelia, MN. The organization was established in 1965. 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. Madelia 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, Madelia Chamber Of Commerce generated $88.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $80.9k during the year ending 12/2021. While expenses have increased by 1.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE MADELIA CHAMBER OF COMMERCE PROMOTES BUSINESS AND COMMUNITY GROWTH THROUGH MONTHLY MEMBERSHIP MEETINGS AND ONGOING COMMUNITY ACTIVITIES. THE ORGANIZATION WORKS TOGETHER WITH ITS MEMBERS TO SOLVE PROBLEMS AND CREATE OPPORTUNITIES FOR LOCAL BUSINESSES AND THE COMMUNITY AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Angus Executive Di | 30 | $30,754 | |
Katie Wolle Assistant Di | 23 | $18,816 | |
Glenda Arndt Secretary | 0.25 | $0 | |
Tim Flitter Director | 0.25 | $0 | |
Doug Fenske President | 0.25 | $0 | |
Laura Sorenson Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,545 |
| Total Program Service Revenue | $0 |
| Membership dues | $31,148 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$36,012 |
| Other Revenue | $0 |
| Total Revenue | $88,004 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,404 |
| Professional fees and other payments to independent contractors | $1,779 |
| Occupancy, rent, utilities, and maintenance | $4,200 |
| Printing, publications, postage, and shipping | $502 |
| Other expenses | $19,975 |
| Total expenses | $80,860 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,141 |
| Other assets | $0 |
| Total assets | $23,360 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
National Funeral Directors Association Of The United States I Brookfield, WI | $21,618,319 | $10,407,549 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
Metropolitan Milwaukee Association Of Commerce Milwaukee, WI | $14,063,997 | $8,001,819 |
Wisconsin Bankers Association Madison, WI | $11,076,284 | $5,774,675 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |
Mra Institute Of Management Inc Waukesha, WI | $11,508,138 | $5,687,346 |