Starbuck Chamber Of Commerce
- Assets
- $90.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Starbuck, MN
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 41-1784946
Organization Overview
Starbuck Chamber Of Commerce is located in Starbuck, 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. Starbuck 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, Starbuck Chamber Of Commerce generated $50.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $51.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
THE CHAMBER FUNCTIONS TO BRING AREA BUSINESSES TOGETHER TO PROMOTE TRADE AND BUSINESS IN THE STARBUCK, MINNESOTA AREA THRU ADVERTISING, PROMOTIONS, BROCHURES AND COMMUNITY EVENTS. COMMUNITY EVENTS THE CHAMBER SPONSORS OR CO-SPONSORS INCLUDE HERITAGE DAYS, DRAGON BOAT RACE FESTIVAL, AND SEVERAL COMMUNITY EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Tharaldson President | 1 | $0 | |
Chelsea Hormann Vice President | 1 | $0 | |
Tom Beuckens Treasurer | 2 | $0 | |
Rita Larson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,459 |
| Total Program Service Revenue | $23,289 |
| Membership dues | $0 |
| Investment income | $36 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,784 |
| 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 | $904 |
| Occupancy, rent, utilities, and maintenance | $3,454 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,752 |
| Total expenses | $51,410 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,405 |
| Other assets | $0 |
| Total assets | $90,681 |
| Total liabilities | $470 |
| Net assets or fund balances | $90,211 |
Peer Organizations
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|---|---|---|
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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 |