Civic Intelligence

Duluth Area Chamber of Commerce

990 • Fiscal year 2013 • EIN 41-0225910

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 02, 2014

5 West 1st StreetRoom/Suite 101Duluth, MN 55802

(218) 722-5501

Siviq Scores

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

Liabilities / Assets

49th percentile

0.19x

Higher debt load relative to assets than 49% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

45th percentile

0.15x

Higher debt load relative to revenue than 45% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Net Margin

44th percentile

2.1%

Higher net margin than 44% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

78th percentile

$217,552

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Asset Growth

22nd percentile

-3.8%

Faster asset growth than 22% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

48th percentile

3.1%

Faster revenue growth than 48% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Assets

Down

$921,176

Down $36,179 (-3.8%) from 2012

Net Assets

Up

$748,043

Up $24,378 (+3.4%) from 2012

Liabilities

Down

$173,133

Down $60,557 (-26%) from 2012

Revenue

$1,166,108

No earlier filing loaded for comparison.

Expenses

Up

$1,141,730

Up $39,410 (+3.6%) from 2012

Net Income

$24,378

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $962,443Liabilities 2011: $271,828Net Assets 2011: $690,6152011Assets 2012: $957,355Liabilities 2012: $233,690Net Assets 2012: $723,6652012Assets 2013: $921,176Liabilities 2013: $173,133Net Assets 2013: $748,0432013Assets 2014: $984,841Liabilities 2014: $160,500Net Assets 2014: $824,3412014Assets 2015: $1,022,414Liabilities 2015: $144,396Net Assets 2015: $878,0182015Assets 2016: $1,113,881Liabilities 2016: $154,043Net Assets 2016: $959,8382016Assets 2017: $1,247,848Liabilities 2017: $218,789Net Assets 2017: $1,029,0592017Assets 2018: $1,113,464Liabilities 2018: $404,420Net Assets 2018: $709,0442018Assets 2019: $1,036,086Liabilities 2019: $355,653Net Assets 2019: $680,4332019Assets 2020: $1,226,417Liabilities 2020: $284,697Net Assets 2020: $941,7202020Assets 2021: $1,263,625Liabilities 2021: $270,778Net Assets 2021: $992,8472021Assets 2022: $1,181,414Liabilities 2022: $287,898Net Assets 2022: $893,5162022Assets 2023: $1,344,616Liabilities 2023: $614,036Net Assets 2023: $730,5802023Assets 2024: $1,282,973Liabilities 2024: $620,809Net Assets 2024: $662,1642024

Highlighted filing

2013

Assets$921,176
Liabilities$173,133
Net Assets$748,043

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,097,425Expenses 2011: $1,093,552Net Income 2011: $3,8732011Expenses 2012: $1,102,3202012Revenue 2013: $1,166,108Expenses 2013: $1,141,730Net Income 2013: $24,3782013Revenue 2014: $1,238,211Expenses 2014: $1,161,913Net Income 2014: $76,2982014Revenue 2015: $1,261,484Expenses 2015: $1,207,807Net Income 2015: $53,6772015Revenue 2016: $1,191,148Expenses 2016: $1,109,328Net Income 2016: $81,8202016Revenue 2017: $1,216,072Expenses 2017: $1,146,851Net Income 2017: $69,2212017Revenue 2018: $1,116,490Expenses 2018: $1,436,505Net Income 2018: -$320,0152018Revenue 2019: $1,146,956Expenses 2019: $1,175,567Net Income 2019: -$28,6112019Revenue 2020: $1,199,187Expenses 2020: $970,450Net Income 2020: $228,7372020Revenue 2021: $1,040,213Expenses 2021: $989,086Net Income 2021: $51,1272021Revenue 2022: $1,093,913Expenses 2022: $1,193,244Net Income 2022: -$99,3312022Revenue 2023: $1,198,550Expenses 2023: $1,203,422Net Income 2023: -$4,8722023Revenue 2024: $1,283,261Expenses 2024: $1,351,677Net Income 2024: -$68,4162024

Highlighted filing

2013

Revenue$1,166,108
Expenses$1,141,730
Net Income$24,378
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 2, 2014
Return Version
2013v3.1
Gross Receipts
$1,166,108
Mission and Program Overview

Mission

Promote economic development and business relationships in the duluth area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$763,755$766,602▲ $2,847
Accounts Receivable$97,311$97,988▲ $677
Prepaid Expenses and Deferred Charges$32,639$24,858▼ $7,781
Land, Buildings, and Equipment, Net$27,349$20,584▼ $6,765
Cash and Non-Interest-Bearing Accounts$36,301$11,144▼ $25,157
Total Assets$957,355$921,176▼ $36,179
Liabilities
Deferred Revenue$192,376$146,247▼ $46,129
Accounts Payable and Accrued Expenses$41,314$26,886▼ $14,428
Total Liabilities$233,690$173,133▼ $60,557
Net Assets / Fund Balance
Unrestricted Net Assets$723,665$748,043▲ $24,378
Total Net Assets Fund Balance$723,665$748,043▲ $24,378
Total Liabilities and Net Assets / Fund Balance$957,355$921,176▼ $36,179

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$291,597-$291,597
Equipment$-271,013$271,013-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David RossPresidentFT$177,500$40,052$217,552
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$452,872
Investment Income
$4,256
Other Revenue
$708,980
Change in Net Assets
$24,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$595,225
Other Expenses$546,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$284,952
Current Officers, Directors, Trustees, and Key Employees---$217,552
All Other Expenses---$149,513
Fees for Services Accounting---$58,973
Payroll Taxes---$35,022
Other Expenses---$34,001
Pension Plan Contributions---$29,920
Occupancy---$29,810
Other Employee Benefits---$27,779
Travel---$12,769
Depreciation Depletion---$9,212
Insurance---$8,130
Advertising---$3,066
Total Functional Expenses$0$0$0$1,141,730
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 11B

990 was reviewed by board at meeting prior to submission.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest reviewed annually with board.

Form 990, Page 6, Part VI, Line 15A

Compensation of executive director reviewed by board and compared to other comparable organizations.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

EIN
41-0225910
Phone
2187225501

Signing Officer

Name
David Ross
Title
President
Phone
2187225501
Signed
2014-06-02
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
Mn
Voting Board Members
25
Independent Board Members
25
Employees
10

Preparer

Preparer
Steven S Licari
Phone
2187222226
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Administrative 33,654 0 0 duluth/st. Louis county 26,610 0 0 leadership duluth 23,574 0 0 activities/committees 18,371 0 0 computer support 12,562 0 0 telephone 10,581 0 0 apex expenses 10,000 0 0 building expenses 7,668 0 0 dues and subscriptions 6,493 0 0

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IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01166108
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt08130
IRS990/InvestmentIncomeGrp/ExclusionAmt04256
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04256
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0271013
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027349
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020584
IRS990/LandBldgEquipCostOrOtherBssAmt0291597
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt06959
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt06959
IRS990/MissionDesc0PROMOTE ECONOMIC DEVELOPMENT AND BUSINESS RELATIONSHIPS IN THE DULUTH AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0723665
IRS990/NetAssetsOrFundBalancesEOYAmt0748043
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt029810
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027779
IRS990/OtherExpensesGrp/Desc0MEMBER SERVICES
IRS990/OtherExpensesGrp/Desc1READERSHIP COSTS
IRS990/OtherExpensesGrp/Desc2FUSE DULUTH
IRS990/OtherExpensesGrp/Desc3COGS
IRS990/OtherExpensesGrp/TotalAmt0104367
IRS990/OtherExpensesGrp/TotalAmt190517
IRS990/OtherExpensesGrp/TotalAmt246147
IRS990/OtherExpensesGrp/TotalAmt334001
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0BUSINESS PROGRAMS
IRS990/OtherRevenueMiscGrp/Desc1SPECIAL EVENTS
IRS990/OtherRevenueMiscGrp/Desc2ADVERTISING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0345895
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1233569
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt254362
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0345895
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1233569
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2122557
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt068195
IRS990/OtherRevenueTotalAmt0708980
IRS990/OtherSalariesAndWagesGrp/TotalAmt0284952
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt035022
IRS990/PensionPlanContributionsGrp/TotalAmt029920
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032639
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024858
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0452872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0452872
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt05358
IRS990/PYOtherExpensesAmt0450071
IRS990/PYOtherRevenueAmt0612637
IRS990/PYProgramServiceRevenueAmt0517375
IRS990/PYRevenuesLessExpensesAmt033050
IRS990/PYSalariesCompEmpBnftPaidAmt0652249
IRS990/PYTotalExpensesAmt01102320
IRS990/PYTotalRevenueAmt01135370
IRS990/ReconcilationRevenueExpnssAmt024378
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0763755
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0766602
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-271013
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0271013
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0291597
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0291597
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020584
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0177500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt031081
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08971
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID ROSS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0217552
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 WAS REVIEWED BY BOARD AT MEETING PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST REVIEWED ANNUALLY WITH BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF EXECUTIVE DIRECTOR REVIEWED BY BOARD AND COMPARED TO OTHER COMPARABLE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADMINISTRATIVE 33,654 0 0 DULUTH/ST. LOUIS COUNTY 26,610 0 0 LEADERSHIP DULUTH 23,574 0 0 ACTIVITIES/COMMITTEES 18,371 0 0 COMPUTER SUPPORT 12,562 0 0 TELEPHONE 10,581 0 0 APEX EXPENSES 10,000 0 0 BUILDING EXPENSES 7,668 0 0 DUES AND SUBSCRIPTIONS 6,493 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0957355
IRS990/TotalAssetsEOYAmt0921176
IRS990/TotalAssetsGrp/BOYAmt0957355
IRS990/TotalAssetsGrp/EOYAmt0921176
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01141730
IRS990/TotalGrossUBIAmt068195
IRS990/TotalLiabilitiesBOYAmt0233690
IRS990/TotalLiabilitiesEOYAmt0173133
IRS990/TotalLiabilitiesGrp/BOYAmt0233690
IRS990/TotalLiabilitiesGrp/EOYAmt0173133
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0723665
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0748043
IRS990/TotalOtherCompensationAmt040052
IRS990/TotalProgramServiceRevenueAmt0452872

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.62$0.66$1.28$1.35$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.61$0.73$1.20$1.20$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.29$0.89$1.09$1.19$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.27$0.99$1.04$0.99$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.28$0.94$1.20$0.97$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.36$0.68$1.15$1.18$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.40$0.71$1.12$1.44$0.32
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.25$0.22$1.03$1.22$1.15$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.15$0.96$1.19$1.11$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.14$0.88$1.26$1.21$0.05
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.16$0.82$1.24$1.16$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.92$0.17$0.75$1.17$1.14$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.23$0.72$1.10
2011Summary only. Only limited summary data is available for this year.$0.96$0.27$0.69$1.10$1.09$0.00