Ray Association Of Commerce
- Assets
- $64.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ray, ND
- Founding
- Data as of
- 12/2022
- EIN
- 85-1883770
Organization Overview
Ray Association Of Commerce is located in Ray, ND. 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. Ray Association Of Commerce 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 12/2022, Ray Association Of Commerce generated $58.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $30.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.9%) per year over the past 2 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
2022
Describe the Organization's Program Activity:
Part 3
THE RAY CHAMBER PROVIDES NUMEROUS ACTIVITIES THROUGHTOUT THE YEAR FOR THE CITY OF RAY THAT INCLUDES TRIVIA NIGHT, WINE WALK, GRAIN PALACE DAYS COOK OFF, EASTER EGG HUNT, CHRISTMAS PARTY, HARVEST HOEDOWN, CHAMBER BINGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Weyrauch President | 1 | $0 | |
Jessica Ziebarth Vice-President | 1 | $0 | |
Taryn Bergstrom Secretary | 1 | $0 | |
Lisa Olson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,446 |
| Total Program Service Revenue | $55,325 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,771 |
| 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 | $545 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $62 |
| Other expenses | $30,300 |
| Total expenses | $30,907 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,664 |
| Other assets | $0 |
| Total assets | $64,664 |
| Total liabilities | $0 |
| Net assets or fund balances | $64,664 |