Cook County Chamber Of Commerce Foundation
- Assets
- $11.1k
- Revenue
- $7.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Marais, MN
- Founding
- 01/2016
- Data as of
- 08/2022
- 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 08/2022, Cook County Chamber Of Commerce Foundation generated $7.7k 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 (6.3%) each year. All expenses for the organization totaled $5.3k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Skinner Vice Chair | 1 | $0 | |
Karen Blackburn Chair | 1 | $0 | |
Howard Hedstrom Board | 1 | $0 | |
John Fredrikson Board | 1 | $0 | |
Dennis Rysdahl Board | 1 | $0 | |
Virginia Palmer Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| 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 | $7,656 |
| Total Revenue | $7,667 |
| 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 | $140 |
| Total operating and administrative expenses | $540 |
| Contributions, gifts, grants paid | $4,710 |
| Total expenses and disbursements | $5,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,091 |
| 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 | $11,091 |
| 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 |
|---|---|
Grand Marais, MN PURPOSE: GREAT PLACES PROJECT GRANTS | $9,150 |
ARTSPACE STUDY PURPOSE: ART SPACE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cook County Chamber Of Commerce Foundation has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Irwin Andrew Porter Foundation Minneapolis, MN PURPOSE: CHARITABLE GIFTS | $10,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: THE GREAT PLACE PROJECT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wacosa Waite Park, MN | $12,140,309 | $9,104,818 |
World Food Prize Foundation Urbandale, IA | $73,712,928 | $6,192,203 |
Chipstone Foundation Milwaukee, WI | $75,856,336 | $12,810,541 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Jeffers Foundation Plymouth, MN | $13,209,879 | $451,010 |
Childrens Museum Of South Dakota Brookings, SD | $7,565,049 | $1,438,522 |
Belwin Conservancy Afton, MN | $13,948,042 | $1,506,492 |
Miracle Ear Foundation Minneapolis, MN | $1,565,051 | $1,538,911 |
On His Path Danville, IA | $274,871 | $641,163 |
Ann Smeltzer Charitable Tr Fort Dodge, IA | $9,572,816 | $1,083,917 |
St Johns Elderly Housing Corporation Eau Claire, WI | $4,250,998 | $912,893 |
Farming For The Future Foundtn Inc Hancock, WI | $15,517,922 | $9,948,061 |