Richmond Civic & Commerce Inc
- Assets
- $14.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, MN
- Founding
- 03/1966
- Data as of
- 12/2021
- EIN
- 41-6049778
Organization Overview
Richmond Civic & Commerce Inc is located in Richmond, MN. The organization was established in 1966. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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. Richmond Civic & Commerce Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Richmond Civic & Commerce Inc generated $13.4k 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 (21.4%) each year. All expenses for the organization totaled $59.0k during the year ending 12/2021. 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
PROMOTED THE CITY OF RICHMOND FOR IT'S CITIZENS, COMMUNITIES, AND RECREATIONAL ACTIVITIES THROUGH ACTIVITIES SUCH AS RIVER LAKE DAYS AND OTHER EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Gilk Secretary | 5 | $1,500 | |
Patty Pantenberg President | 3 | $0 | |
Casey Hamann Vice-Preside | 1 | $0 | |
Joan Willenbring Director | 0.5 | $0 | |
Clyde Lewis Director | 0.5 | $0 | |
Kim Schmitz Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,086 |
| Membership dues | $5,340 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,430 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,691 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,347 |
| Total expenses | $59,043 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,771 |
| Other assets | $0 |
| Total assets | $14,771 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,771 |