Cloquet Area Chamber Of Commerce is located in Cloquet, MN. The organization was established in 1942. 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. As of 12/2021, Cloquet Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cloquet 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 12/2021, Cloquet Area Chamber Of Commerce generated $240.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $206.5k during the year ending 12/2021. While expenses have increased by 0.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS PROMOTION / BETTERMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS RELATIONSHIP DEVELOPMENT. BUSINESS AND COMMUNTIY RELATIONSHIPS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelly Zink President | Officer | 40 | $72,474 |
Judd Selland Past Chair | OfficerTrustee | 5 | $0 |
Lara Wilkinson Director | Trustee | 5 | $0 |
Jeannie Kermeen Chair | Trustee | 5 | $0 |
Rocky Wilkinson Director | Trustee | 5 | $0 |
Mike Gay Past Chair | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $85,740 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $87,434 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $173,174 |
Total Program Service Revenue | $67,351 |
Investment income | $134 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $240,659 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $72,474 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $51,945 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,010 |
Payroll taxes | $9,883 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $563 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $822 |
Information technology | $3,386 |
Royalties | $0 |
Occupancy | $6,543 |
Travel | $6,303 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $24 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,724 |
Insurance | $4,149 |
All other expenses | $37,504 |
Total functional expenses | $206,515 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $213,871 |
Savings and temporary cash investments | $38,986 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $80,463 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,399 |
Net Land, buildings, and equipment | $131,150 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $465,869 |
Accounts payable and accrued expenses | $787 |
Grants payable | $0 |
Deferred revenue | $107,145 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $8,150 |
Total liabilities | $116,082 |
Net assets without donor restrictions | $349,787 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $465,869 |
Organization Name | Assets | Revenue |
---|---|---|
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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 |
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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 |