Cook County Chamber Of Commerce Foundation
- Assets
- $6.0k
- Revenue
- $7.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Marais, MN
- Founding
- 01/2016
- Data as of
- 08/2024
- EIN
- 47-4976322
Organization Overview
Cook County Chamber Of Commerce Foundation is located in Grand Marais, MN. The organization was established in 2016. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cook County Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2024, Cook County Chamber Of Commerce Foundation generated $7.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $10.4k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GREAT PLACE PROJECT GRANTS WHICH WOULD BE USED TO ENHANCE OR CREATE A PLACE THAT WELCOMES PEOPLE WITH A PLAYFULNESS OR WHIMSY, ESPECIALLY FOR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Skinner Vice Chair | 1 | $0 | |
Chris Homyak Chair | 1 | $0 | |
Howard Hedstrom Board | 1 | $0 | |
John Fredrikson Board | 1 | $0 | |
Jennifer Kennedy Board | 1 | $0 | |
Dennis Rysdahl Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,710 |
| Total Revenue | $7,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,995 |
| Total operating and administrative expenses | $2,395 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $10,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,990 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,990 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cook County Chamber Of Commerce Foundation has awarded $14,150 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COOK COUNTY CHAMBER OF COMMMERCE PURPOSE: GREAT PLACES PROJECT GRANTS | $9,150 |
ARTSPACE STUDY PURPOSE: ART SPACE | $5,000 |