Hermantown Chamber Of Commerce
- Assets
- $127.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hermantown, MN
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 41-1782426
Organization Overview
Hermantown Chamber Of Commerce is located in Hermantown, MN. The organization was established in 2000. 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. Hermantown 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, Hermantown Chamber Of Commerce generated $150.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $131.8k during the year ending 12/2021. While expenses have increased by 1.6% 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
GENERAL CHAMBER OF COMMERCE ACTIVITIES, PROMOTION OF CITY AND COUNTY, AND SUPPORT OF INDUSTRIAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Parmeter Executive Di | 40 | $54,000 | |
Todd Mell Vice Chair | 1 | $0 | |
Phil Johnson Treasurer | 1 | $0 | |
Micki Wojtysiak Secretary | 1 | $0 | |
Bill King President | 1 | $0 | |
Nicole Karnowski Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,903 |
| Total Program Service Revenue | $4,914 |
| Membership dues | $75,978 |
| Investment income | $534 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $35,572 |
| Other Revenue | $2,140 |
| Total Revenue | $150,041 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $65,640 |
| Professional fees and other payments to independent contractors | $5,482 |
| Occupancy, rent, utilities, and maintenance | $18,360 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,348 |
| Total expenses | $131,830 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,735 |
| Other assets | $0 |
| Total assets | $127,331 |
| Total liabilities | $24,016 |
| Net assets or fund balances | $103,315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
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 |