Civic Intelligence

Elk River Area Chamber of Commerce

990 • Fiscal year 2019 • EIN 36-3296429

Sep 01, 2018 to Aug 31, 2019 • Filed on Feb 18, 2020

509 Highway 10Elk River, MN 55330

(763) 441-3110

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.05x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

65th percentile

0.03x

Higher debt load relative to revenue than 65% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

44th percentile

0.4%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

88th percentile

$58,032

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 25.6% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

51st percentile

3.1%

Faster asset growth than 51% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

-0.8%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$123,495

Up $3,756 (+3.1%) from 2018

Net Assets

Up

$117,599

Up $817 (+0.7%) from 2018

Liabilities

Up

$5,896

Up $2,939 (+99%) from 2018

Revenue

Down

$226,780

Down $1,719 (-0.8%) from 2018

Expenses

Up

$225,963

Up $6,156 (+2.8%) from 2018

Net Income

Down

$817

Down $7,875 (-91%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $122,760Liabilities 2011: $2,102Net Assets 2011: $120,6582011Assets 2012: $121,387Liabilities 2012: $2,208Net Assets 2012: $119,1792012Assets 2013: $105,338Liabilities 2013: $2,871Net Assets 2013: $102,4672013Assets 2014: $98,682Liabilities 2014: $2,912Net Assets 2014: $95,7702014Assets 2015: $108,534Liabilities 2015: $1,972Net Assets 2015: $106,5622015Assets 2016: $116,064Liabilities 2016: $3,860Net Assets 2016: $112,2042016Assets 2017: $111,192Liabilities 2017: $3,102Net Assets 2017: $108,0902017Assets 2018: $119,739Liabilities 2018: $2,957Net Assets 2018: $116,7822018Assets 2019: $123,495Liabilities 2019: $5,896Net Assets 2019: $117,5992019Assets 2020: $229,229Liabilities 2020: $96,679Net Assets 2020: $132,5502020Assets 2021: $286,237Liabilities 2021: $96,837Net Assets 2021: $189,4002021Assets 2022: $309,685Liabilities 2022: $97,097Net Assets 2022: $212,5882022Assets 2023: $305,261Liabilities 2023: $97,302Net Assets 2023: $207,9592023Assets 2024: $309,567Liabilities 2024: $97,425Net Assets 2024: $212,1422024Assets 2025: $334,515Liabilities 2025: $94,300Net Assets 2025: $240,2152025

Highlighted filing

2019

Assets$123,495
Liabilities$5,896
Net Assets$117,599

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $228,9462011Expenses 2012: $234,9952012Expenses 2013: $240,8262013Revenue 2014: $225,358Expenses 2014: $232,055Net Income 2014: -$6,6972014Revenue 2015: $240,141Expenses 2015: $229,349Net Income 2015: $10,7922015Revenue 2016: $250,918Expenses 2016: $245,276Net Income 2016: $5,6422016Revenue 2017: $222,004Expenses 2017: $226,118Net Income 2017: -$4,1142017Revenue 2018: $228,499Expenses 2018: $219,807Net Income 2018: $8,6922018Revenue 2019: $226,780Expenses 2019: $225,963Net Income 2019: $8172019Revenue 2020: $209,174Expenses 2020: $194,223Net Income 2020: $14,9512020Revenue 2021: $237,196Expenses 2021: $180,346Net Income 2021: $56,8502021Revenue 2022: $236,871Expenses 2022: $213,683Net Income 2022: $23,1882022Revenue 2023: $222,751Expenses 2023: $227,380Net Income 2023: -$4,6292023Revenue 2024: $243,717Expenses 2024: $239,534Net Income 2024: $4,1832024Revenue 2025: $270,906Expenses 2025: $242,833Net Income 2025: $28,0732025

Highlighted filing

2019

Revenue$226,780
Expenses$225,963
Net Income$817
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Feb 18, 2020
Return Version
2018v3.1
Gross Receipts
$242,295
Mission and Program Overview

Mission

Economic & community development

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$116,782$117,599▲ $817
Investments in Publicly Traded Securities$69,339$73,695▲ $4,356
Cash and Non-Interest-Bearing Accounts$17,559$18,337▲ $778
Savings and Temporary Cash Investments$17,768$17,789▲ $21
Land, Buildings, and Equipment, Net$15,073$13,674▼ $1,399
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$119,739$123,495▲ $3,756
Other Assets Total-$0-
Liabilities
Other Liabilities$2,957$5,896▲ $2,939
Total Liabilities$2,957$5,896▲ $2,939
Net Assets / Fund Balance
Total Net Assets Fund Balance$116,782$117,599▲ $817
Total Liabilities and Net Assets / Fund Balance$119,739$123,495▲ $3,756

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,537$40,372$53,909
Equipment$137$8,050$8,187
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Deborah RydbergExecutive DirectorFT$58,032$58,032

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$129,560
Program Service Revenue
$70,551
Investment Income
$4,376
Other Revenue
$22,293
Change in Net Assets
$817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,675
Other Expenses$80,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$72,177-$72,177
Current Officers, Directors, Trustees, and Key Employees-$58,032-$58,032
All Other Expenses$7,054$8,887-$15,941
Occupancy-$13,850-$13,850
Payroll Taxes-$10,208-$10,208
Other Expenses$5,406$6,517-$5,406
Other Employee Benefits-$5,258-$5,258
Office Expenses-$4,910-$4,910
Insurance-$3,761-$3,761
Depreciation Depletion-$1,398-$1,398
Conferences and Meetings-$1,162-$1,162
Travel-$1,108-$1,108
Total Functional Expenses$38,695$187,268$0$225,963
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,808
Fundraising Direct Expenses$15,515
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Event$19,093$19,093$840$18,253
Golf Tournament$18,715$18,715$822$17,893
Total Events$37,808$37,808$15,515$22,293
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Withholding$5,896
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Businesses,individuals and organizations

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

Board of director oversight of committee activities

Form 990, Part VI, Line 11B: Form 990 Review Process

Reviewed by executive director and treasurer

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Monitored by the board of directors

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents available upon request

Filing and Contact Details

Filer

Filer Name
Elk River Area Chamber of Commerce
EIN
36-3296429
Phone
7634413110
Address
509 HIGHWAY 10, ELK RIVER, MN 55330

Signing Officer

Name
Corey Wemple
Title
Chairman
Signed
2020-02-18
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
12
Independent Board Members
0
Employees
3
Volunteers
83

Preparer

Firm
Mosford Barthel & Co PLC CPAs
Address
305 Cedar Street Suite 201, Monticello, MN 55362-8302
Preparer
Steven Pattison CPA
Phone
7632954800
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IRS990/OfficeExpensesGrp/TotalAmt04910
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05258
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05258
IRS990/OtherExpensesGrp/Desc0PROGRAM - GIFT CERTIFICATE
IRS990/OtherExpensesGrp/Desc1REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PROGRAM - LEADERSHIP TRAINING
IRS990/OtherExpensesGrp/Desc3PROGRAM - PROGRAMS & SEMINARS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06517
IRS990/OtherExpensesGrp/ProgramServicesAmt020271
IRS990/OtherExpensesGrp/ProgramServicesAmt15964
IRS990/OtherExpensesGrp/ProgramServicesAmt25406
IRS990/OtherExpensesGrp/TotalAmt020271
IRS990/OtherExpensesGrp/TotalAmt16517
IRS990/OtherExpensesGrp/TotalAmt25964
IRS990/OtherExpensesGrp/TotalAmt35406
IRS990/OtherLiabilitiesGrp/BOYAmt02957
IRS990/OtherLiabilitiesGrp/EOYAmt05896
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt072177
IRS990/OtherSalariesAndWagesGrp/TotalAmt072177
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010208
IRS990/PayrollTaxesGrp/TotalAmt010208
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0BUSINESS DIRECTORY
IRS990/ProgramServiceRevenueGrp/Desc1GIFT CERTIFICATES
IRS990/ProgramServiceRevenueGrp/Desc2LEADERSHIP TRAINING
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAMS AND SEMINARS
IRS990/ProgramServiceRevenueGrp/Desc4SHIVER ELK RIVER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09008
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124565
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37340
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt417403
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09008
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124565
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37340
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt417403
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY DEVELOPMENT-PLANNING FOR GROWTH, DOWNTOWN RENEWAL MODERN TRANS., ENCOURAGE CULTURAL ACTIVITIES & COMMUNITY BEAUTIFICATION, DEVELOP IDENTITY FOR THE AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05964
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMBER SERVICES-COMMUNICATION OF BUSINESS AND CIVIC ISSUES, INFORMATION ON BUSINESS MANAGEMENT AND ASSISTANCE WITH STUDIES AND SURVEYS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0565
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0128588
IRS990/PYInvestmentIncomeAmt03588
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081816
IRS990/PYOtherRevenueAmt019742
IRS990/PYProgramServiceRevenueAmt076581
IRS990/PYRevenuesLessExpensesAmt08692
IRS990/PYSalariesCompEmpBnftPaidAmt0137991
IRS990/PYTotalExpensesAmt0219807
IRS990/PYTotalRevenueAmt0228499
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0817
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0116782
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0117599
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017768
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017789
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013537
IRS990ScheduleD/BuildingsGrp/DepreciationAmt040372
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt053909
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08050
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL WITHHOLDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013674
IRS990ScheduleD/TotalLiabilityAmt05896
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt0500
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt0500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015515
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0750
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0750
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FALL EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05048
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt01110
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt06158
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018715
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037808
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019093
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018715
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037808
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt022293
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0250
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0932
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01182
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01662
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0840
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0822
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt05263
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05263
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESSES,INDIVIDUALS AND ORGANIZATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTOR OVERSIGHT OF COMMITTEE ACTIVITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY EXECUTIVE DIRECTOR AND TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITORED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.35$0.94$2.40$2.71$2.43$0.28
2024Detailed filing. Detailed filing data is available for this year.$3.10$0.97$2.12$2.44$2.40$0.04
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.97$2.08$2.23$2.27$0.05
2022Detailed filing. Detailed filing data is available for this year.$3.10$0.97$2.13$2.37$2.14$0.23
2021Detailed filing. Detailed filing data is available for this year.$2.86$0.97$1.89$2.37$1.80$0.57
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.97$1.33$2.09$1.94$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.23$0.06$1.18$2.27$2.26$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.03$1.17$2.28$2.20$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.03$1.08$2.22$2.26$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.16$0.04$1.12$2.51$2.45$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.09$0.02$1.07$2.40$2.29$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.03$0.96$2.25$2.32$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.03$1.02$2.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.02$1.19$2.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.02$1.21$2.29