Eden Prairie Chamber Of Commerce
- Assets
- $271.1k
- Revenue
- $372.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Eden Prairie, MN
- Founding
- 07/1975
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Eden Prairie Chamber Of Commerce generated $372.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $365.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 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
2022
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 2022 THE CHAMBER, CONTINUED TO ADD PROGRAMS INTO OUR SCHEDULE TO GET CLOSE TO PRE-PANDEMIC EVENTS. GROWTH IN OUR WOMEN'S NETWORK PROGRAMS, YOUNG PROFESSIONALS AND ENTREPRENEURSHIP ARE LEADING THE TOP NETWORKING OPPORTUNITIES.
PUBLIC POLICY - THE CHAMBER ADVOCATES ON BEHALF OF ITS BUSINESS MEMBERS ON LOCAL, COUNTY, STATE AND FEDERAL ISSUES. IN 2022, 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. IN ADDITION, THE PUBLIC POLICY COMMITTEE OF THE CHAMBER HELD A CANDIDATES FORUM FOR OUR TWO STATE HOUSE OF REPRESENTATIVES SEATS AND OUR ONE SENATE SEAT.
COMMUNITY BUILDING - IN 2022, THE CHAMBER CONTINUED TO PUBLISH OUR DIRECTORY AND COMMUNITY GUIDE INTO ONE PUBLICATION. THIS PUBLICATION IS BEING DISTRIBUTED THROUGH DIRECT MAIL, CHAMBER EVENTS, 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 WITH HIGH SCHOOL SENIORS LEARNING VALUABLE BUSINESS SKILLS. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Mulqueeny President | Officer | 40 | $103,797 |
Jason Heintz Board Chair | OfficerTrustee | 1 | $0 |
Michael Scholl Past Chair | OfficerTrustee | 1 | $0 |
Maria Mancilla-Diaz Treasurer | OfficerTrustee | 1 | $0 |
Troy Noor Chair Elect | OfficerTrustee | 1 | $0 |
Josh Swanson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $170,640 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,372 |
| Total Program Service Revenue | $144,448 |
| Investment income | $690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $372,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,881 |
| Pension plan accruals and contributions | $2,936 |
| Other employee benefits | $152 |
| Payroll taxes | $16,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $320 |
| Advertising and promotion | $4,011 |
| Office expenses | $36,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,051 |
| Travel | $1,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,299 |
| Insurance | $4,451 |
| All other expenses | $40,243 |
| Total functional expenses | $365,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,682 |
| Savings and temporary cash investments | $10,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,061 |
| 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 | $8,251 |
| Net Land, buildings, and equipment | $3,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $65,395 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,104 |
| Accounts payable and accrued expenses | $33,555 |
| Grants payable | $0 |
| Deferred revenue | $19,647 |
| 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 | $53,202 |
| Net assets without donor restrictions | $185,219 |
| Net assets with donor restrictions | $32,683 |
| 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 | $271,104 |