Totals
- Total revenue
- $655,254
- Total expenses
- $896,598
- Contributions and grants received
- $169,525
- Grants paid
- $0
- Program service revenue
- $560,654
- Investment income
- -$66,570
- Other revenue
- -$8,355
- Total assets, end of year
- $450,480
- Total liabilities, end of year
- $312,539
- Net assets or fund balances, end of year
- $137,941
- 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.
-
1c · Fundraising events
$159,525
-
1e · Government grants (contributions)
$10,000
-
2a · Program service revenue: Lodging Tax
total $438,040 · related or exempt $438,040
-
2b · Program service revenue: Member Dues
total $68,199 · related or exempt $68,199
-
2c · Program service revenue: Member Meetings & Othe
total $42,190 · related or exempt $42,190
-
2d · Program service revenue: Member Advertising
total $12,225 · unrelated business $12,225
-
3 · Investment income
total $2,578 · excluded $2,578
-
7a · Gross sales of assets other than inventory
other assets $100,926
-
7b · Less cost or other basis and sales expenses
other assets $170,074
-
7c · Gain or loss
other assets -$69,148
-
7d · Net gain or loss
total -$69,148 · excluded -$69,148
-
8a · Fundraising events: gross income
$386,932
-
8a · Fundraising events: contributions included on line 1c
$159,525
-
8b · Fundraising events: direct expenses
$395,287
-
8c · Net income from fundraising events
total -$8,355 · excluded -$8,355
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $124,099
-
7 · Other salaries and wages
total $183,717
-
8 · Pension plan contributions
total $7,235
-
9 · Other employee benefits
total $14,115
-
10 · Payroll taxes
total $24,897
-
11c · Fees: accounting
total $19,630
-
11g · Fees: other
total $300
-
12 · Advertising and promotion
total $367,119
-
13 · Office expenses
total $14,690
-
14 · Information technology
total $6,183
-
16 · Occupancy
total $14,809
-
17 · Travel
total $4,955
-
19 · Conferences, conventions and meetings
total $4,500
-
20 · Interest
total $3,903
-
22 · Depreciation, depletion and amortization
total $2,606
-
23 · Insurance
total $2,044
-
24a · Other expenses: Membership
total $48,549
-
24b · Other expenses: Equipment Maintenance
total $23,128
-
24c · Other expenses: Other Expenses
total $16,534
-
24d · Other expenses: Dues and Subscriptions
total $9,000
-
24e · All other expenses
total $4,585
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $309,342 · end of year $211,706
-
2 · Savings and temporary cash investments
beginning of year $58,419 · end of year $83,113
-
4 · Accounts receivable
beginning of year $28,097 · end of year $24,129
-
8 · Inventories for sale or use
beginning of year $26,070 · end of year $1,023
-
9 · Prepaid expenses and deferred charges
beginning of year $82,893 · end of year $20,153
-
10a · Land, buildings and equipment: cost or other basis
$82,944
-
10b · Land, buildings and equipment: accumulated depreciation
$76,680
-
10c · Land, buildings and equipment, net
beginning of year $74,261 · end of year $6,264
-
15 · Other assets
beginning of year $31,441 · end of year $104,092
-
17 · Accounts payable and accrued expenses
beginning of year $23,242 · end of year $52,348
-
19 · Deferred revenue
beginning of year $28,050 · end of year $18,092
-
23 · Secured mortgages and notes payable
beginning of year $148,505 · end of year $138,007
-
25 · Other liabilities
beginning of year $31,441 · end of year $104,092
-
27 · Net assets without donor restrictions
beginning of year $379,285 · end of year $137,941
Mission and programs · 2023
Mission
To strengthen our Community by advancing business, tourism, and the economy.
-
The Shakopee Chamber connects local businesses, service organizations and all levels of government to create an environment where people want to live, work and play. The Chamber is a voluntary, not-for-profit business organization dedicated to improving the economic environment of the community as an active, problem solving organization. The Shakopee Chamber of Commerce focuses on economic development, workforce development, and legislative advocacy and membership services. The strength of the Chamber lies in its membership, small businesses, large corporations, home-based businesses, and professional men and women, working together to enhance the quality of life in Shakopee through a wide variety of programs and initiatives. The Shakopee Chamber works to positively impact the quality of life in the region, while supporting the growth and prosperity of our members from education to economic development. The Shakopee Chamber of Commerce is committed to giving each member an opportunity to prosper in today's competitive business world. The Chamber works closely with the city of Shakopee and neighboring communities, Scott county, and local service organizations to promote the economic health of our community. The Shakopee Chamber is the primary source for businesses and individuals seeking information on the business climate in our community, as well as serving as the primary destination marketing organization for Shakopee.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amy Schmidt
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Randy Dehmer
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Tim Whitcomb
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Lindsey Puffer
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Bryce Hotzler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chad Peterson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Greg Drent
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Smolinski
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jenelle Mote
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Kerski
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nick Kuchenbecker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Raul Rehnborg
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rodney Southwood
Director
- Total calculated
- $0
- Hours/week
- 1
-
Samantha Waller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott O'Brien
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany Olson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Zunker
President
- Total calculated
- $124,099
- From this org
- $119,254
- From related orgs
- $0
- Other
- $4,845
- Hours/week
- 40
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.
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.
-
501(C)(3) · Support charitable & educational activities in the City of Shakopee, MN · MN
Directly controlled by Shakopee Area Chamber of Commerce
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412189349300856
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.