Oakdale Area Chamber Of Commerce
- Assets
- $22.9k
- Revenue
- $38.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakdale, MN
- Founding
- 01/1998
- Data as of
- 06/2020
- EIN
- 41-1539641
Organization Overview
Oakdale Area Chamber Of Commerce is located in Oakdale, MN. The organization was established in 1998. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Oakdale 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 06/2020, Oakdale Area Chamber Of Commerce generated $38.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $36.3k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
125 BUSINESS AND PROFESSIONAL MEMBERS WORKING TOGETHER TO IMPROVE THEIR COMMUNITY AND THEIR BUSINESSES THROUGH MEETINGS, NETWORKING AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE BUSINESS AND COMMERCE IN OAKDALE AND ADJACENT COMMUNITIES TO THE BENEFIT OF ALL WHO OWN BUSINESSES, LIVE OR WORK IN THE AREA.
WINTERFEST EVENT ATTENDED BY 1,200 NEIGHBORHOOD RESIDENTS. SUMMERFEST EVENT ATTENDED BY NEIGHBORHOOD RESIDENTS CONSISTING OF A PARADE.
MONTHLY LUNCHEON ATTENDED BY APPROXIMATELY 75 AREA BUSINESS AND PROFESSIONAL PEOPLE TO RECEIVE UPDATES ON CITY EVENTS AND HEAR SPEAKERS ON BUSINESS TOPICS.
HOLIDAY HELPING HAND PROGRAM DELIVERS GIFTS AND FOOD ITEMS TO 100 AREA CHILDREN AND PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Balfanz Treasurer | OfficerTrustee | 2 | $0 |
Ben Smetana Board Member | Trustee | 1 | $0 |
John Larson Board Member | Trustee | 1 | $0 |
Stacie Penn Board Member | Trustee | 1 | $0 |
Holly Koep President | OfficerTrustee | 2 | $0 |
Tony Schwartz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,840 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,133 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $36,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,013 |
| Savings and temporary cash investments | $7,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,863 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $22,863 |
Grants Awarded
Over the last fiscal year, Oakdale Area Chamber Of Commerce has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
622 EDUCATION FOUNDATION PURPOSE: PROMOTE EDUCATION | $6,000 |
HOLIDAY HELPING HANDS PURPOSE: HOLIDAY ASSISTANCE | $6,000 |