Form 990 for tax year 2022
Filed by ALBERT LEA FREEBORN COUNTY CHAMBER OF COMMERCE.
Totals
- Total revenue
- $179,586
- Total expenses
- $180,792
- Contributions and grants received
- $118,614
- Grants paid
- $0
- Program service revenue
- $60,337
- Investment income
- $635
- Other revenue
- $0
- Total assets, end of year
- $112,973
- Total liabilities, end of year
- $23,426
- Net assets or fund balances, end of year
- $89,547
- Program services expenses (Part IX)
- $139,995
- Management and general expenses
- $31,254
- Fundraising expenses
- $9,543
- Program service expenses (Part III)
- $139,995
Program services were 77.4% 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.
-
1b · Membership dues
$118,614
-
2a · Program service revenue: AMBASSADORS
total $21,183 · related or exempt $21,183
-
2b · Program service revenue: AG COMMITTEE AND LUNCHEON
total $12,790 · related or exempt $12,790
-
2c · Program service revenue: LEADERSHIP PROGRAM
total $9,303 · related or exempt $9,303
-
2d · Program service revenue: PARADE FEES
total $8,425 · related or exempt $8,425
-
2e · Program service revenue: SCHOLARSHIP INCOME
total $3,000 · related or exempt $3,000
-
2f · All other program service revenue
total $5,636 · related or exempt $5,636
-
3 · Investment income
total $635 · related or exempt $635
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $68,560 · program services $54,162 · management and general $8,913 · fundraising $5,485
-
7 · Other salaries and wages
total $26,109 · program services $20,626 · management and general $3,394 · fundraising $2,089
-
10 · Payroll taxes
total $9,288 · program services $7,338 · management and general $1,207 · fundraising $743
-
11c · Fees: accounting
total $4,400 · management and general $4,400
-
12 · Advertising and promotion
total $220 · program services $220
-
13 · Office expenses
total $3,220 · program services $2,415 · management and general $482 · fundraising $323
-
14 · Information technology
total $9,598 · management and general $9,598
-
16 · Occupancy
total $10,865 · program services $9,193 · management and general $1,615 · fundraising $57
-
22 · Depreciation, depletion and amortization
total $115 · program services $103 · management and general $12
-
23 · Insurance
total $5,734 · program services $5,301 · management and general $360 · fundraising $73
-
24a · Other expenses: AMBASSADOR
total $7,142 · program services $7,142
-
24b · Other expenses: LEADERSHIP PROGRAM
total $6,026 · program services $6,026
-
24c · Other expenses: CONTRACT LABOR
total $5,879 · program services $4,645 · management and general $764 · fundraising $470
-
24d · Other expenses: PARADE EXPENSE
total $4,756 · program services $4,756
-
24e · All other expenses
total $18,880 · program services $18,068 · management and general $509 · fundraising $303
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $82,185 · end of year $72,363
-
2 · Savings and temporary cash investments
beginning of year $37,475 · end of year $38,110
-
8 · Inventories for sale or use
beginning of year $162
-
10a · Land, buildings and equipment: cost or other basis
$97,007
-
10b · Land, buildings and equipment: accumulated depreciation
$94,507
-
10c · Land, buildings and equipment, net
beginning of year $2,615 · end of year $2,500
-
17 · Accounts payable and accrued expenses
beginning of year $31,684 · end of year $23,426
-
27 · Net assets without donor restrictions
beginning of year $90,753 · end of year $89,547
Mission and programs · 2022
Mission
PROMOTE AND DEVELOP A HEALTHY AND POSITIVE BUSINESS CLIMATE AND IMPROVE THE QUALITY OF LIFE IN THE ALBERT LEA-FREEBORN COUNTY AREA.
-
PROVIDE INFORMATION SERVICES & SEMINARS TO MEMBERS & NONMEMBERS, PROVIDE SERVICES FOR COMMUNITY DEVELOPMENT, PROMOTION AND INDUSTRY EXPANSION. APPROXIMATE MEMBERS = 500
Expenses $139,995
As filed on the 2022 return.
Listed in Part VII
-
Shari JensenSHARI JENSEN
EXC DIRECTOR
- Total calculated
- $68,560
- From this org
- $68,560
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lisa ChristensenLISA CHRISTENSEN
DIRECTOR
- Total calculated
- $0
-
Angie EggumANGIE EGGUM
DIRECTOR
- Total calculated
- $0
-
Josh FossumJOSH FOSSUM
DIRECTOR
- Total calculated
- $0
-
Amanda GregoryAMANDA GREGORY
DIRECTOR
- Total calculated
- $0
-
Bobbie JacobsBOBBIE JACOBS
DIRECTOR
- Total calculated
- $0
-
Janelle KoepkeJANELLE KOEPKE
DIRECTOR
- Total calculated
- $0
-
Crystal MillerCRYSTAL MILLER
DIRECTOR
- Total calculated
- $0
-
Rita MoyerRITA MOYER
DIRECTOR
- Total calculated
- $0
-
Greg ThomasGREG THOMAS
DIRECTOR
- Total calculated
- $0
-
Jeff WoodsideJEFF WOODSIDE
DIRECTOR
- Total calculated
- $0
-
John DoubleJOHN DOUBLE
DIRECTOR
- Total calculated
- $0
-
Beau HartmanBEAU HARTMAN
PAST CHAIR
- Total calculated
- $0
-
Allen HendriksALLEN HENDRIKS
CHAIR
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422219349301652
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