Cottage Grove Chamber Of Commerce
- Assets
- $86.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cottage Grove, MN
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 41-1765614
Organization Overview
Cottage Grove Chamber Of Commerce is located in Cottage Grove, MN. The organization was established in 1994. 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. Cottage Grove 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, Cottage Grove Chamber Of Commerce generated $119.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $113.6k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 6 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
OUR MISSION IS TO ADVANCE THE ECONOMIC WELL-BEING OF OUR MEMBERS & PROMOTE A POSITIVE BUSINESS CLIMATE THROUGHOUT THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Myers Chairman Of The Board | 5 | $0 | |
Josef Wegele 2nd Vice Chair | 1 | $0 | |
Randy Bachman 1st Vice Chair | 2 | $0 | |
Beck Fox Secretary | 5 | $0 | |
Andi Strickland Treasurer | 5 | $0 | |
Ben Gathje Past Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,755 |
| Total Program Service Revenue | $0 |
| Membership dues | $52,150 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,310 |
| Other Revenue | $6,243 |
| Total Revenue | $119,467 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,270 |
| Professional fees and other payments to independent contractors | $5,194 |
| Occupancy, rent, utilities, and maintenance | $10,362 |
| Printing, publications, postage, and shipping | $923 |
| Other expenses | $22,873 |
| Total expenses | $113,622 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $77,217 |
| Other assets | $0 |
| Total assets | $86,292 |
| Total liabilities | $27,410 |
| Net assets or fund balances | $58,882 |
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|---|---|---|
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International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
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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 |