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Nonprofiteer
← THE CHAMBER FARGO MOORHEAD WEST FARGO

Form 990 for tax year 2022

Filed by THE CHAMBER FARGO MOORHEAD WEST FARGO.

Totals

Total revenue
$3,739,323
Total expenses
$3,924,719
Contributions and grants received
$256,411
Grants paid
$0
Program service revenue
$2,705,461
Investment income
-$48,561
Other revenue
$826,012
Total assets, end of year
$4,144,497
Total liabilities, end of year
$972,621
Net assets or fund balances, end of year
$3,171,876
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $243,811

  • 1f · All other contributions, gifts and grants

    $12,600

  • 1g · Noncash contributions included above

    $12,600

  • 2a · Program service revenue: COMMITTEES/EVENTS/SPON

    total $1,585,177 · related or exempt $1,585,177

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $1,016,078 · related or exempt $1,016,078

  • 2c · Program service revenue: ADVERTISING

    total $104,206 · unrelated business $104,206

  • 7a · Gross sales of assets other than inventory

    securities $58,575

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

    securities $94,229 · other assets $12,907

  • 7c · Gain or loss

    securities -$35,654 · other assets -$12,907

  • 7d · Net gain or loss

    total -$48,561 · excluded -$48,561

  • 11a · Other revenue: SHARED ADMIN INCOME

    total $601,842 · related or exempt $601,842

  • 11b · Other revenue: OTHER INCOME

    total $224,170 · related or exempt $224,170

  • 11e · Other revenue, total

    $826,012

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $452,887

  • 7 · Other salaries and wages

    total $939,912

  • 9 · Other employee benefits

    total $204,607

  • 10 · Payroll taxes

    total $74,889

  • 11b · Fees: legal

    total $134,194

  • 11c · Fees: accounting

    total $9,000

  • 11d · Fees: lobbying

    total $20,500

  • 11g · Fees: other

    total $121,944

  • 12 · Advertising and promotion

    total $273,114

  • 13 · Office expenses

    total $59,111

  • 14 · Information technology

    total $13,807

  • 16 · Occupancy

    total $10,985

  • 17 · Travel

    total $18,518

  • 20 · Interest

    total $1,724

  • 21 · Payments to affiliates

    total $601,842

  • 22 · Depreciation, depletion and amortization

    total $40,987

  • 23 · Insurance

    total $7,460

  • 24a · Other expenses: FOOD/BEVERAGE

    total $216,880

  • 24b · Other expenses: VENUE EXPENSES

    total $205,040

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $202,796

  • 24d · Other expenses: BOARD OF DIRECTORS

    total $137,958

  • 24e · All other expenses

    total $176,564

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,430 · end of year $21,409

  • 2 · Savings and temporary cash investments

    beginning of year $937,094 · end of year $500,503

  • 4 · Accounts receivable

    beginning of year $141,075 · end of year $444,693

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,710 · end of year $85,709

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

    $286,145

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

    $223,639

  • 10c · Land, buildings and equipment, net

    beginning of year $75,690 · end of year $62,506

  • 11 · Investments: publicly traded securities

    beginning of year $2,142,893 · end of year $2,460,765

  • 12 · Investments: other securities

    beginning of year $775,086 · end of year $366,457

  • 15 · Other assets

    beginning of year $7,500 · end of year $202,455

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,230 · end of year $171,164

  • 19 · Deferred revenue

    beginning of year $595,643 · end of year $605,189

  • 25 · Other liabilities

    beginning of year $0 · end of year $196,268

  • 27 · Net assets without donor restrictions

    beginning of year $3,466,605 · end of year $3,171,876

Mission and programs · 2022

Mission

THE CHAMBER IS A CATALYST FOR GROWTH AND PROSPERITY. WE PROTECT AND PROMOTE BUSINESS, INSPIRE INNOVATION, CULTIVATE COMMUNITIES AND INFLUENCE ACTION.

  • WOMEN CONNECT IS JUST ONE OF THE CHAMBER'S MONTHLY EVENT PROGRAMS, AIMED TO TARGET THE NEEDS AND DEVELOPMENT OF PROFESSIONAL WOMEN. EACH TIME YOU COME TO AN EVENT, YOU CAN EXPECT KNOWLEDGEABLE SPEAKERS ADDRESSING A RANGE OF TOPICS APPLICABLE TO WOMEN IN THE MODERN WORKPLACE. BUT IT'S NOT JUST INSPIRATION AND EDUCATION THAT YOU CAN EXPECT! THERE ARE ALSO OPPORTUNITIES TO NETWORK AND CONNECT WITH YOUR PEERS AND LOCAL LEADERS.

  • LEADERSHIP FARGO MOORHEAD WEST FARGO HAS CONNECTED AND DEVELOPED LEADERS WHO GREATLY IMPACT THE COMMUNITY THROUGH DEDICATION AND SERVICE. YOU WILL FIND OUR ALUMNI HOLDING PROMINENT PUBLIC LEADERSHIP ROLES WITHIN OUR COMMUNITY AND A HOST OF OTHERS WHO ACTIVELY SERVE THE COMMUNITY EVERY DAY AS BOARD MEMBERS, DILIGENT VOLUNTEERS AND DEDICATED EMPLOYEES. EACH YEAR, LFMWF SELECTS 40 EMERGING AND EXISTING LEADERS FROM ALL SECTORS OF THE COMMUNITY TO PARTICIPATE IN THE NINE-MONTH PROGRAM. OUR PARTICIPANTS BUILD AN IMPACTFUL, LONG-LASTING NETWORK OF OTHER LEADERS WHILE SHARPENING THEIR OWN LEADERSHIP CAPABILITIES, EXPLORING MANY CHALLENGES AND OPPORTUNITIES OF OUR COMMUNITY, AND CONTRIBUTING TO THE VITALITY OF OUR REGION THROUGH COMMUNITY CHANGE INITIATIVES.

  • THE EGGS & ISSUES MONTHLY EVENT SERIES IS AN INTEGRAL PART OF THE CHAMBER'S MISSION, AS IT CONVENES INDUSTRY LEADERS AND INFLUENTIAL PUBLIC FIGURES FOR CRUCIAL CONVERSATIONS REGARDING THE CHALLENGES AND OPPORTUNITIES THAT FACE OUR REGION AND METRO. THIS IS WHERE COMMUNITY MEMBERS AND LEADERS CAN BECOME TRULY ENGAGED WITH THE PEOPLE, CONVERSATIONS AND SOLUTIONS THAT WILL PROPEL OUR COMMUNITY INTO THE FUTURE.

As filed on the 2022 return.

Listed in Part VII

  • SHAWN DOBBERSTEIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SANDI PIATZ

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PETER STENEHJEM

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TAMI NORGARD

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TINA AMMERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN HALVERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNE BLACKHURST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN CHRISTIANSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRITTANY SACHDEVA

    DIRECTOR (DEPARTED 10/2022)

    Total calculated
    $0
    Hours/week
    1

  • CHAD FLANAGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARA JORVIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM HEEGAARD

    DIRECTOR (DEPARTED 2/2023)

    Total calculated
    $0
    Hours/week
    1

  • MIKE ARNTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIFFANY LAWRENCE

    DIRECTOR (STARTED 11/2022)

    Total calculated
    $0
    Hours/week
    1

  • RICHARD VETTER

    DIRECTOR (STARTED 3/2023)

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BUCHOLZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID COOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAMILLE GRADE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTI HUBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNY OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON RIEWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON FULL

    PRESIDENT

    Total calculated
    $316,537
    From this org
    $293,651
    From related orgs
    $0
    Other
    $22,886
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $293,651
    Bonus
    $0
    Other
    $0
    Deferred
    $14,978
    Nontaxable benefits
    $7,908
    Filer's total
    $316,537

  • JIM PARSONS

    EXECUTIVE VP (LEFT 10/2022)

    Total calculated
    $175,516
    From this org
    $154,811
    From related orgs
    $0
    Other
    $20,705
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $154,811
    Bonus
    $0
    Other
    $0
    Deferred
    $7,814
    Nontaxable benefits
    $12,891
    Filer's total
    $175,516

  • NICOLE MELAND

    VICE PRESIDENT (STARTED 7/2023)

    Total calculated
    $0
    Hours/week
    40 + 5 related

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF THE CEO WHICH INCLUDES DETERMINING THE CEO'S COMPENSATION AND BONUS.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CHAMBER FOUNDATION

    501(C)(3) · EDUCATIONAL AND COMMUNITY BETTERMENT · ND

    Directly controlled by FMWFCC

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2024
IRS schema version
2022v5.0
Source object
202421949349300737

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