Belle Plaine Chamber Of Commerce
- Assets
- $141.1k
- Revenue
- $57.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Belle Plaine, MN
- Founding
- Data as of
- 06/2024
- EIN
- 41-1678326
Organization Overview
Belle Plaine Chamber Of Commerce is located in Belle Plaine, MN. As of 06/2024, Belle Plaine Chamber Of Commerce employed 8 individuals. Belle Plaine 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 06/2024, Belle Plaine Chamber Of Commerce generated $57.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $21.9k during the year ending 06/2024. While expenses have increased by 3.4% per year over the past 8 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.
Since 2015, Belle Plaine Chamber Of Commerce has awarded 30 individual grants totaling $793,672. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, PROMOTE, ENCOURAGE AND PROTECT THE COMMERCIAL, PROFESSIONAL, FINANCIAL, AND GENERAL BUSINESS INTERESTS OF THE BELLE PLAINE AREA. TO ORGANIZE PROMOTIONS TO BENEFIT THE FAMILIES AND YOUTH OF BELLE PLAINE AS WELL AS TO PROMOTE GOODWILL TOWARDS LOCAL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MN LAWFUL GAMBLING CONDUCTED IN ORDER TO RAISE FUNDS IN SUPPORT OF LOCAL PROGRAMS. LAWFUL PURPOSE EXPENDITURES WERE MADE TO LOCAL SCHOOL DISTRICT, FESTIVAL ORGANIZATION, FOOD SHELF, CITY OF BELLE PLAINE AND OTHER NONPROFITS. THESE FUNDS BENEFITTED THOUSANDS OF PEOPLE. TOTAL LAWFUL PURPOSE EXPENDITURES WERE $126,224 IN FISCAL YEAR.
DUES COLLECTED FROM 103 MEMBERS FOR DEVELOPMENT AND PROMOTION OF BUSINESSES AND CITY OF BELLE PLAINE.
SPECIAL EVENTS ARE VARIOUS BELLE PLAINE PROMOTIONAL ACTIVITIES WHICH BENEFIT THE CITIZENS AND BUSINESSES OF BELLE PLAINE AND SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tylor Schmidt President | OfficerTrustee | 4 | $0 |
Chantel Gaaskjolen Vice President | OfficerTrustee | 2 | $0 |
Renee Poitra Director | Trustee | 2 | $0 |
Betsy Ollhoff Director | Trustee | 2 | $0 |
Heather Borgardt Executive Director | Trustee | 12 | $12,455 |
Michael O'donnell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $21,164 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $35,803 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,686 |
| 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. | $12,455 |
| Compensation of current officers, directors, key employees. | $6,227 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19 |
| Office expenses | $2,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,920 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,450 |
| All other expenses | -$104,686 |
| Total functional expenses | $21,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,510 |
| Savings and temporary cash investments | $0 |
| 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 | $600 |
| 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 | $0 |
| Total assets | $141,110 |
| Accounts payable and accrued expenses | $1,309 |
| 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 | $1,309 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $56,417 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $83,384 |
| Total liabilities and net assets/fund balances | $141,110 |
Grants Awarded
Over the last fiscal year, Belle Plaine Chamber Of Commerce has awarded $104,686 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BELLE PLAINE FESTIVALS & EVENTS PURPOSE: ASSISTANCE WITH ANNUAL BUDGET FOR FESTIVALS. | $89,301 |
BELLE PLAINE SCHOOLS PURPOSE: ASSISTANCE WITH ACTIVITIES FOR YOUTH. | $5,899 |
CITY OF BELLE PLAINE PURPOSE: ASSISTANCE WITH ANNUAL BUDGET FOR THE CITY.ASSISTANCE WITH BUDGET CONSTRAINTS OF CITY. | $9,486 |