Eden Prairie Chamber Of Commerce
- Assets
- $272.6k
- Revenue
- $331.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Eden Prairie, MN
- Founding
- 07/1975
- Data as of
- 12/2021
- EIN
- 51-0138681
Organization Overview
Eden Prairie Chamber Of Commerce is located in Eden Prairie, MN. The organization was established in 1975. 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 12/2021, Eden Prairie Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden Prairie 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 12/2021, Eden Prairie Chamber Of Commerce generated $331.6k 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 (4.1%) each year. All expenses for the organization totaled $278.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEADERS FOR COMMUNITY PROSPERITY. ADVOCATES FOR BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORKING - NETWORKING CONTINUES TO BE A PRIMARY BENEFIT FOR OUR MEMBERS. IN 2021 THE CHAMBER BEGIN HOSTING IN PERSON EVENTS AS WE MOVED SLOWLY OUT OF THE PANDEMIC AND RESTRICTIONS. THIS WAS VERY IMPORTANT TO PROVIDE NETWORKING DURING THE YEAR TO HELP OUR MEMBERS STAY CONNECTED. WE STILL WERE ABLE TO HOST SOME OF OUR TWIN CITIES YOUNG PROFESSIONALS SUMMIT AS A VIRTUAL ONE DAY CONFERENCE. PLUS, WE WERE ABLE TO CONTINUE WITH SOME OF OUR BUSINESS SEMINARS AS WELL.
PUBLIC POLICY - THE CHAMBER ADVOCATES ON BEHALF OF ITS BUSINESS MEMBERS ON LOCAL, COUNTY, STATE AND FEDERAL ISSUES. IN 2021 WE WERE VERY ACTIVE WITH MEETING WITH ELECTED OFFICIALS AND SHARING OUR BUSINESSES CONCERNS AND ISSUES WITH THEM. THROUGH A STRONG CONNECTION TO THE LOCAL EDEN PRAIRIE GOVERNMENT AS WELL AS OUR DISTRICT AND STATE OFFICIALS, THE CHAMBER CAN OFFER A DIRECT ROUTE TO GETTING INVOLVED WITH PUBLIC POLICY AND HAVING YOUR BUSINESS VOICE HEARD.
COMMUNITY BUILDING - IN 2021, THE CHAMBER CONTINUED TO PUBLISH OUR DIRECTORY AND COMMUNITY GUIDE INTO ONE PUBLICATION. THIS PUBLICATION IS BEING DISTRIBUTED THROUGH HOTELS, THE CITY OFFICES AND AT OUR SCHOOL DISTRICTS WELCOME CENTER. THE CHAMBER CONTINUES ITS EFFORTS IN BUILDING A STRONG COMMUNITY INCLUDING GIVING OUT ANOTHER $3,000 IN SCHOLARSHIPS TO HELP FURTHER THE EDUCATION OF TWO LOCAL STUDENTS. WE ALSO CONTINUED TO HAVE OUR FUTURE LEADERS/STUDENT MEMBERSHIP PROGRAM. AS THE FIRST CHAMBER IN THE NATION TO OFFER THIS UNIQUE OPPORTUNITY FOR STUDENTS, OUR PROGRAM HAS HELPED YOUNG ENTREPRENEURS AND BUSINESS PEOPLE LEARN HOW TO NETWORK, ENGAGE, DO BUSINESS, AND EVEN DRESS PROPERLY IN THE "REAL WORLD."
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mulqueeny President | Officer | 40 | $107,305 |
Kim Wittmers Past Chair | OfficerTrustee | 1 | $0 |
Michael Scholl Board Chair | OfficerTrustee | 1 | $0 |
Jason Heintz Chair Elect | OfficerTrustee | 1 | $0 |
Maria Mancilla-Diaz Treasurer | OfficerTrustee | 1 | $0 |
Jeff Williamson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $159,401 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,732 |
| Total Program Service Revenue | $64,868 |
| Investment income | $10,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,741 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,524 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,863 |
| Pension plan accruals and contributions | $525 |
| Other employee benefits | $1,012 |
| Payroll taxes | $12,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,778 |
| Advertising and promotion | $2,619 |
| Office expenses | $27,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,013 |
| Travel | $407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,305 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,142 |
| Insurance | $3,868 |
| All other expenses | $14,159 |
| Total functional expenses | $278,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,146 |
| Savings and temporary cash investments | $17,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $14,529 |
| Net Land, buildings, and equipment | $4,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $70,454 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $272,642 |
| Accounts payable and accrued expenses | $20,875 |
| Grants payable | $0 |
| Deferred revenue | $22,473 |
| 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 | $0 |
| Total liabilities | $43,348 |
| Net assets without donor restrictions | $203,461 |
| Net assets with donor restrictions | $25,833 |
| 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 | $272,642 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Statewide Energy Efficiency Andrenewables Administration Inc Madison, WI | $63,794,129 | $99,926,553 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
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Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
International Dairy-Deli-Bakery Association Madison, WI | $22,953,024 | $8,197,084 |