Twin Cities Compensation Network
- Assets
- $129.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 41-1984585
Organization Overview
Twin Cities Compensation Network is located in Hastings, MN. The organization was established in 2001. 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. Twin Cities Compensation Network 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 12/2022, Twin Cities Compensation Network generated $33.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL COURSES AND MONTHLY MEETINGS TO MEMBERS TO PROVIDE INFORMATION IN THE COMPENSATION AND BENEFIT FIELDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucas Golliet President | 1 | $0 | |
Josh Lemon President-Elect | 1 | $0 | |
Jen Bailey Past President | 1 | $0 | |
Sierra Halverson Secretary | 1 | $0 | |
Melissa Malinowski Treasurer | 1 | $0 | |
Jeff Bush Programs Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,800 |
| Membership dues | $16,425 |
| Investment income | $740 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,965 |
| 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 | $23,253 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,770 |
| Total expenses | $52,023 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,812 |
| Other assets | $0 |
| Total assets | $129,812 |
| Total liabilities | $0 |
| Net assets or fund balances | $129,812 |