Albert Lea Freeborn County Chamber Foundation
- Assets
- $448.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albert Lea, MN
- Founding
- 11/1993
- Data as of
- 09/2021
- EIN
- 41-1651705
Organization Overview
Albert Lea Freeborn County Chamber Foundation is located in Albert Lea, MN. The organization was established in 1993. 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. Albert Lea Freeborn County Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Albert Lea Freeborn County Chamber Foundation generated $68.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $43.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Chandler 1st Chair | 0.5 | $0 | |
Susan Loch Chair | 0.5 | $0 | |
Angie Kolker Treasurer | 0.5 | $0 | |
Shari Jenson Secretary | 0.5 | $0 | |
Gary Schindler Board Member | 0.25 | $0 | |
Kim Nelson Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,701 |
| Total Program Service Revenue | $61,089 |
| Membership dues | $0 |
| Investment income | $2,319 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,109 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,586 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $16 |
| Other expenses | $38,295 |
| Total expenses | $43,897 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $448,016 |
| Other assets | $0 |
| Total assets | $448,016 |
| Total liabilities | $0 |
| Net assets or fund balances | $448,016 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Albert Lea Freeborn County Chamber Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Albert B Cuppage Charitable Foundation Albert Lea, MN PURPOSE: FOR THE BETTERMENTOF THE COMMUNITY | $500 |
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 |