Chamber Of Commerce
- Assets
- $28.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redfield, SD
- Founding
- 08/1943
- Data as of
- 12/2020
- EIN
- 46-0181294
Organization Overview
Chamber Of Commerce is located in Redfield, SD. The organization was established in 1943. 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. 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 12/2020, Chamber Of Commerce generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $9.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
TO ADVANCE THE INDUSTRIAL, CIVIC, COMMERCIAL, & GENERALINTERESTS OF THE CITY, AND ITS TRADE AREA.
TO ADVANCE THE INDUSTRIAL, CIVIC, COMMERCIAL, & GENERALINTERESTS OF THE CITY, AND ITS TRADE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Rogers Director | 0.5 | $0 | |
Dawn Schmidt Secretary/treasurer | 0.5 | $0 | |
Mike Siebrecht Director | 0.5 | $0 | |
Jerad Appel President | 0.5 | $0 | |
Josh Hilbrands Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $1,150 |
| Membership dues | $2,200 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,645 |
| Total Revenue | $12,007 |
| 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 | $1,096 |
| Occupancy, rent, utilities, and maintenance | $406 |
| Printing, publications, postage, and shipping | $1,455 |
| Other expenses | $6,672 |
| Total expenses | $9,629 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,249 |
| Other assets | $0 |
| Total assets | $28,449 |
| Total liabilities | $722 |
| Net assets or fund balances | $27,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |
Wyoming Chambers Health Benefit Association Gillette, WY | $3,153,493 | $5,111,173 |
New Better Business Bureau Inc Omaha, NE | $8,883,722 | $5,104,852 |
Minnesota Chamber Of Commerce And Industry St Paul, MN | $7,317,783 | $6,035,761 |
Quad Cities Chamber Of Commerce Inc Davenport, IA | $6,923,690 | $5,913,965 |