Chamber Trust
- Assets
- $30.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Faribault, MN
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 41-1923981
Organization Overview
Chamber Trust is located in Faribault, MN. The organization was established in 1999. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Chamber Trust generated $21.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (40.3%) each year. All expenses for the organization totaled $18.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.8%) per year over the past 2 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 TRUST UNITES FARIBAULT AREA CHAMBER OF COMMERCE PROGRAMS WITH WIDESPREAD RESOURCES FOR ENHANCED RESULTS IN EDUCATION, WORKFORCE AND COMMUNITY (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nort Johnson Chair | 5 | $0 | |
Gene Buhr Director | 1 | $0 | |
Suzanne Terry Director | 1 | $0 | |
Michael Richie Director | 1 | $0 | |
Mathew Carlander Director | 1 | $0 | |
Kymn Anderson Secretarytreasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $18,698 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,698 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,236 |
| Total expenses | $18,236 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,639 |
| Other assets | $0 |
| Total assets | $30,595 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,595 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Move The Mountain Leadership Center Inc Rapid City, SD | $309,294 | $635,812 |
Atlas Science Center Inc Appleton, WI | $1,880,693 | $277,550 |
Twin West Chamber Foundation Minneapolis, MN | $0 | $364,985 |
Inspired Investment Leadership North Oaks, MN | $31,094,466 | $14,416,010 |
Greater Des Moines Leadership Institute Des Moines, IA | $363,774 | $269,981 |
South Dakota Agricultural And Rural Leadship Foundaiton Brookings, SD | $1,885,724 | $1,574,057 |
Math Masters Of Minnesota North Mankato, MN | $40,572 | $0 |
Planting People Growing Justice Leadership Institute Saint Paul, MN | $182,202 | $221,389 |
American Society Of Pharmacognosy Foundation Cedar Falls, IA | $2,370,805 | $181,236 |
Entrepreneurs Organization Of Wisconsin Inc Green Bay, WI | $92,193 | $0 |
Leadher Davenport, IA | $16,597 | $0 |
Womens Leadership Network Dubuque, IA | $87,194 | $0 |