Form 990 for tax year 2023
Filed by CHAMBER OF COMMERCE OF FERGUS FALLS INC.
Totals
- Total revenue
- $240,005
- Total expenses
- $249,870
- Contributions and grants received
- $200,755
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,218
- Other revenue
- $36,032
- Total assets, end of year
- $559,553
- Total liabilities, end of year
- $40,048
- Net assets or fund balances, end of year
- $519,505
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$200,755
-
3 · Investment income
total $3,218 · related or exempt $3,218
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$101,025
-
8b · Fundraising events: direct expenses
$67,493
-
8c · Net income from fundraising events
total $33,532
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER REVENUE
total $2,500 · related or exempt $2,500
-
11e · Other revenue, total
$2,500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $3,509
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $7,859
-
12 · Advertising and promotion
total $8,135
-
13 · Office expenses
total $4,050
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,635
-
17 · Travel
total $1,660
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $13,027
-
23 · Insurance
total $4,194
-
24a · Other expenses: LEASED EMPLOYEES
total $158,870
-
24b · Other expenses: LEASED EMPLOYEES - PAYROLL TAX
total $17,205
-
24c · Other expenses: TELEPHONE
total $4,721
-
24d · Other expenses: CREDIT CARD PROC FEES
total $3,745
-
24e · All other expenses
total $19,260
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $287,782 · end of year $281,377
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$417,473
-
10b · Land, buildings and equipment: accumulated depreciation
$139,297
-
10c · Land, buildings and equipment, net
beginning of year $291,204 · end of year $278,176
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $49,617 · end of year $40,048
-
27 · Net assets without donor restrictions
beginning of year $529,370 · end of year $519,505
Mission and programs · 2023
Mission
WE SERVE AS THE LEAD ADVOCATE AND RESOURCE FOR OUR MEMBERS AND CREATE PARTNERSHIPS THAT FOSTER A HEALTHY BUSINESS CLIMATE INT HE FERGUS FALLS AREA. WE MARKET BUSINESS, BUILD BUSINESS RELATIONSHIPS, SOLVE WORKFORCE ISSUES AND PROVIDE TOURISTS AND NEW RESIDENTS WITH INFORMATION.
-
YEARLY DUES CHARGED TO MEMBERS FOR THE PROMOTION OF BUSINESS AND COMMERCE IN FERGUS FALLS AND THE SURROUNDING AREAS
-
ORGANIZE AND CONDUCT SPECIAL EVENTS FOR RAISING FUNDS AND FOR THE PROMOTION OF BUSINESS AND COMMERCE IN FERGUS FALLS AND THE SURROUNDING AREAS
-
PROVIDE MAILING LISTS, BUSINESS DIRECTORIES AND OTHER INFORMATION FOR THE BENEFIT OF MEMBER BUSINESSES
As filed on the 2023 return.
Listed in Part VII
-
Lisa WorkmanLISA WORKMAN
Executive Dir.
- Total calculated
- $0
- Hours/week
- 40
-
Ben BrimhallBEN BRIMHALL
Director
- Total calculated
- $0
- Hours/week
- 0
-
Larissa CampbellLARISSA CAMPBELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Nate KundeNATE KUNDE
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Coreen SchorpCOREEN SCHORP
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Daniela ZensDANIELA ZENS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Dustin MorrisDUSTIN MORRIS
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 0
-
Darrell SchreiberDARRELL SCHREIBER
Director
- Total calculated
- $0
- Hours/week
- 0
-
Emily SivertsonEMILY SIVERTSON
Director
- Total calculated
- $0
- Hours/week
- 0
-
Melissa DavisMELISSA DAVIS
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Megan BecklerMEGAN BECKLER
Director
- Total calculated
- $0
- Hours/week
- 0
-
Lucas GervaisLUCAS GERVAIS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Josh BolluytJOSH BOLLUYT
Director
- Total calculated
- $0
- Hours/week
- 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
- 2023
- Filed
- 18 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530499349301783
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