North Branch Area Chamber Of Commerce
- Assets
- $24.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Branch, MN
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 41-1821827
Organization Overview
North Branch Area Chamber Of Commerce is located in North Branch, MN. The organization was established in 2002. 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. North Branch Area 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 12/2023, North Branch Area Chamber Of Commerce generated $5.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
GOLF AND LUNCHEONS PROVIDE NETWORKING OPPORTUNITIES TO BUSINESSES WHILE RAISING FUNDS FOR CHAMBER PROGRAMS. WITH OVER 316 LUNCHEON ATTENDEES AND 68 GOLFERS. FALL AND WINTER FESTIVALS ALONG WITH MIDSUMMER DAYS, DRAW 400-500 PEOPLE OUT AND FOSTER A SENSE OF COMMUNITY. WELCOME PACKETS ARE MAILED OUT TO NEW COMMUNITY RESIDENTS TO ACCLIMATE THEM TO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Huesman President | 5 | $0 | |
Nathan Keech Vice Preside | 3 | $0 | |
Nick Hammond Treasurer | 3 | $0 | |
Kelly Rae Hunter Secretary | 3 | $0 | |
Brad Browman Director | 1 | $0 | |
Clint Link Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1 |
| Total Program Service Revenue | $0 |
| Membership dues | $5,346 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$16 |
| Other Revenue | $8 |
| Total Revenue | $5,343 |
| 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 | $4,075 |
| Occupancy, rent, utilities, and maintenance | $2,875 |
| Printing, publications, postage, and shipping | $2 |
| Other expenses | $1,162 |
| Total expenses | $8,114 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,957 |
| Other assets | $0 |
| Total assets | $23,957 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,957 |