Greater North Dakota Chamber Of Commerce
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Bismarck, ND
- Founding
- 02/1979
- Data as of
- 09/2023
- EIN
- 45-0141100
Organization Overview
Greater North Dakota Chamber Of Commerce is located in Bismarck, ND. The organization was established in 1979. 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 09/2023, Greater North Dakota Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater North Dakota 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 09/2023, Greater North Dakota Chamber Of Commerce generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $953.5k during the year ending 09/2023. While expenses have increased by 0.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER NORTH DAKOTA CHAMBER OF COMMERCE WORKS ON BEHALF OF OUR MEMBERS TO ADVOCATE FOR A POSITITVE BUSINESS CLIMATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - TO KEEP MEMBERS INFORMED ON ISSUES THAT MAY AFFECT THEIR BUSINESS THROUGH COMMUNICATIONS INCLUDE E-NEWSLETTERS, A QUARTERLY MAGAZINE, ISSUE ALERTS, AND A VARIETY OF EVENTS. SERVICING APPROXIMATELY 900 MEMBERS ACROSS NORTH DAKOTA. EXPENSES LISTED ARE DIRECT COSTS ONLY AND DO INCLUDE ANY ALLOCATION OF STAFF COSTS TO RUN THE EVENTS.
PUBLIC POLICY - TO BE AN ADVOCATE FOR NORTH DAKOTA BUSINESSES BY ADVOCATING ON STATE AND FEDERAL LEGISLATION AND REGULATORY ISSUES TO MAKE NORTH DAKOTA A COMPETITIVE PLACE TO DO BUSINESS. SERVING APPROXIMATELY 900 MEMBERS ACROSS NORTH DAKOTA. EXPENSES LISTED ARE DIRECT COSTS ONLY AND DO INCLUDE ANY ALLOCATION OF STAFF COSTS TO RUN THE EVENTS.
MEETINGS AND SPECIAL EVENTS INCLUDING CEO ROUNDTABLE, MANUFACTURING DAY, AND CHAMBER DAY TO ENGAGE MEMBERS IN SPECIAL AREAS AND SHARE IDEAS AND EXPERIENCES AMONG BUSINESS MEMBERS. EXPENSES LISTED ARE DIRECT COSTS ONLY AND DO INCLUDE AND ALLOCATION OF STAFF COSTS TO RUN THE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arik Spencer President & | Officer | 40 | $152,808 |
Nick Hacker Chairman | OfficerTrustee | 5 | $0 |
John Oncken Chair-Elect | OfficerTrustee | 5 | $0 |
Josh Demorrett Past Chair | OfficerTrustee | 5 | $0 |
Danette Walsh Policy Chair | OfficerTrustee | 5 | $0 |
Vaune Johnson Finance Chai | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Odney Advertising Advertising Campaign | 9/29/15 | $1,279,229 |
Redwave Communications Llc Advertising Campaign | 9/29/15 | $107,193 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,804 |
| Total Program Service Revenue | $856,110 |
| Investment income | $32,653 |
| 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 | $1,130,567 |
| 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. | $193,209 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,241 |
| Pension plan accruals and contributions | $12,377 |
| Other employee benefits | $33,506 |
| Payroll taxes | $34,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,045 |
| Fees for services: Accounting | $48,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $0 |
| Office expenses | $57,463 |
| Information technology | $27,282 |
| Royalties | $0 |
| Occupancy | $59,680 |
| Travel | $21,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,507 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,568 |
| Insurance | $4,477 |
| All other expenses | $0 |
| Total functional expenses | $953,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,576 |
| Savings and temporary cash investments | $1,000,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,160 |
| 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 | $12,627 |
| Net Land, buildings, and equipment | $48,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $178,606 |
| Other assets | $0 |
| Total assets | $1,866,470 |
| Accounts payable and accrued expenses | $40,138 |
| Grants payable | $0 |
| Deferred revenue | $427,669 |
| 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 | $253,149 |
| Total liabilities | $720,956 |
| Net assets without donor restrictions | $1,119,217 |
| Net assets with donor restrictions | $26,297 |
| 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 | $1,866,470 |
Grants Awarded
Over the last fiscal year, Greater North Dakota Chamber Of Commerce has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BIGHTER FUTURE ALLIANCE PURPOSE: ORGANIZATION SUPPORT | $35,000 |
OFFICE OF THE GOVERNOR OF ND PURPOSE: SUPPORT FOR EVENT | $15,000 |