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Nonprofiteer
← BISMARCK-MANDAN CHAMBER INC

Form 990 for tax year 2022

Filed by BISMARCK-MANDAN CHAMBER INC.

Totals

Total revenue
$2,002,247
Total expenses
$2,048,026
Contributions and grants received
$506,000
Grants paid
$0
Program service revenue
$1,414,859
Investment income
$41,269
Other revenue
$40,119
Total assets, end of year
$2,565,866
Total liabilities, end of year
$1,059,773
Net assets or fund balances, end of year
$1,506,093
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$778,607

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $506,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $652,108 · related or exempt $652,108

  • 2b · Program service revenue: COMMITTEES & PROGRAMS

    total $499,216 · related or exempt $499,216

  • 2c · Program service revenue: ADVERTISING

    total $263,535 · related or exempt $119,781 · unrelated business $143,754

  • 3 · Investment income

    total $42,450 · excluded $42,450

  • 6a · Gross rents

    real property $57,000

  • 6b · Less rental expenses

    real property $64,619

  • 6c · Rental income or loss

    real property -$7,619

  • 6d · Net rental income or loss

    total -$7,619 · unrelated business -$7,619

  • 7b · Less cost or other basis and sales expenses

    other assets $1,181

  • 7c · Gain or loss

    other assets -$1,181

  • 7d · Net gain or loss

    total -$1,181 · related or exempt -$1,181

  • 11a · Other revenue: MISCELLANEOUS

    total $47,738 · excluded $47,738

  • 11e · Other revenue, total

    $47,738

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $184,793

  • 7 · Other salaries and wages

    total $614,512

  • 8 · Pension plan contributions

    total $21,541

  • 9 · Other employee benefits

    total $83,134

  • 10 · Payroll taxes

    total $60,138

  • 11b · Fees: legal

    total $544

  • 11c · Fees: accounting

    total $10,850

  • 11g · Fees: other

    total $13,159

  • 12 · Advertising and promotion

    total $9,974

  • 13 · Office expenses

    total $68,844

  • 14 · Information technology

    total $10,776

  • 16 · Occupancy

    total $32,525

  • 17 · Travel

    total $28,163

  • 20 · Interest

    total $36,423

  • 22 · Depreciation, depletion and amortization

    total $83,180

  • 23 · Insurance

    total $6,606

  • 24a · Other expenses: EVENTS EXPENSES

    total $493,466

  • 24b · Other expenses: STRATEGIC PLANNING

    total $86,142

  • 24c · Other expenses: DUES & PUBLICATIONS

    total $72,772

  • 24d · Other expenses: BAD DEBT

    total $70,400

  • 24e · All other expenses

    total $60,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,620 · end of year $123,649

  • 2 · Savings and temporary cash investments

    beginning of year $540,495 · end of year $619,606

  • 4 · Accounts receivable

    beginning of year $69,392 · end of year $46,249

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,321 · end of year $40,846

  • 10a · Land, buildings and equipment: cost or other basis

    $2,226,705

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,326,218

  • 10c · Land, buildings and equipment, net

    beginning of year $989,270 · end of year $900,487

  • 11 · Investments: publicly traded securities

    beginning of year $886,656 · end of year $803,197

  • 12 · Investments: other securities

    beginning of year $22,500 · end of year $22,500

  • 15 · Other assets

    beginning of year $6,210 · end of year $9,332

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,910 · end of year $154,003

  • 19 · Deferred revenue

    beginning of year $523,846 · end of year $580,398

  • 23 · Secured mortgages and notes payable

    beginning of year $381,622 · end of year $325,372

  • 27 · Net assets without donor restrictions

    beginning of year $1,610,748 · end of year $1,501,255

  • 28 · Net assets with donor restrictions

    beginning of year $77,338 · end of year $4,838

Mission and programs · 2022

Mission

ADVOCATING FOR BUSINESS. FOSTERING ECONOMIC GROWTH. SHAPING THE FUTURE OF OUR COMMUNITY.

Activities or mission (Part I)

ADVOCATING FOR BUSINESS. FOSTERING ECONOMIC GROWTH. SHAPING THE FUTURE OF OUR COMMUNITY. WE WILL SERVE AS AN ADVOCATE FOR BUSINESS. POSITION BISMARCK-MANDAN AS A DESTINATION FOR BUSINESS & TALENT. RECRUIT & RETAIN CHAMBER EDC MEMBERS.

  • OUR ORANIZATION'S THREE LARGEST PROGRAM SERVICES RELATE TO OUR CORE MISSION OF ADVOCATING FOR BUSINESS. FOSTERING ECONOMIC GROWTH AND SHAPING THE FUTURE OF OUR COMMUNITY. AS AN ADVOCATE WE PROVIDE PROGRAMING TO PROMOTE OUR MEMBERS AND COMMUNITIES THROUGH SOME OF OUR PREMIER PROGRAM EVENTS SUCH AS ECONOMIC OUTLOOK FORUM, STATE OF THE CITIES, AND CELEBRATE BISMARCK-MANDAN. WE ALSO ADVOCATE THROUGH OUR GOVERNMENT AFFAIRS COMMITTEE WORK TO DEVELOP A FOCUSED LEGISLATIVE AGENDA TO SUPPORT THE WANTS AND NEEDS OF OUR BUSINESS MEMBERS. WE HAVE LARGE ATTRACTION PROGRAMS THROUGH OUR TALENT & BUSINESS ATTRACTION SOCIAL MEDIA CAMPAIGNS TO FOSTER ECONOMIC GROWTH WITH OUR WORKFORCE AND PRIMARY SECTOR INDUSTRIES. WE HELP SHAPE THE FUTURE OF COMMUNITY WITH PROGRAMING TO HELP DEVELOP LEADERS THROUGH OUR LEADERSHIP BISMARCK-MANDAN PROGRAM AND LEMONADE DAY PROGRAM.

    Expenses $778,607 · Revenue $499,216

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Ritter

    PRESIDENT

    Total calculated
    $184,793
    From this org
    $153,200
    From related orgs
    $0
    Other
    $31,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,458
    Nontaxable benefits
    $22,135
    Filer's total
    $184,793

  • Kevin Strege

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Wendy Van Duyne

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Matt Sagaser

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dave Ehlis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Valerie Weigel

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Evan Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrea Birst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nathan Boehm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe Camisa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fred Fridley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Allan Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wayne Munson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marnie Piehl

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lee Pierce

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Remboldt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Rogstad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Schmitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Garret Senger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brenda Nagel

    PRES&CEO EFF

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202343109349303099

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