Valley City Chamber Of Commerce

Organization Overview

Valley City Chamber Of Commerce is located in Valley City, ND. The organization was established in 1972. 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 09/2022, Valley City Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley City 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 09/2022, Valley City Chamber Of Commerce generated $133.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $193.6k during the year ending 09/2022. While expenses have increased by 8.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCE GENERAL WELFARE AND PROSPERITY OF VALLEY CITY THROUGH BUSINESS AND CULTURAL ACTIVITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

BONUS BUCKS PROGRAM ADMINISTERED BY THE CHAMBER FOR LOCAL BUSINESSES. BONUS BUCKS ARE PURCHASED AS GIFT CERTIFICATES AND CAN BE REDEEMED AT LOCAL BUSINESSES WHO PARTICIPATE IN THE PROGRAM. HELPS TO PROMOTE LOCAL RETAIL SALES.


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Board, Officers & Key Employees

Name (title)Compensation
Kay Vinje
Exec Vice President
$51,325
Penny Wolla
President
$0
Diane Hochhalter
President Elect
$0
Tanya Couture
Director
$0
Trina Lee
Director
$0
Dawn Mathias
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$67,437
Fundraising events$0
Related organizations$0
Government grants $31,734
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$99,171
Total Program Service Revenue$32,428
Investment income $45
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 $133,412

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Valley City Chamber Of Commerce has recieved totaling $20,000.

Awarding OrganizationAmount
Valley City-Barnes County Development Corporation

Valley City, ND

PURPOSE: Assistance in promoting small business development

$20,000
View Grant Recipient Profile

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