Civic Intelligence

Perham Area Chamber of Commerce

990 • Fiscal year 2014 • EIN 41-0654732

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 21, 2015

Organization ProfileWWW.PERHAM.COM
185 East MainPerham, MN 56573

(218) 346-7710

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.64x

Higher debt load relative to assets than 93% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

0.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

42nd percentile

0.2%

Higher net margin than 42% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$74,082

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 24.1% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

52nd percentile

4.1%

Faster asset growth than 52% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$170,032

Up $6,724 (+4.1%) from 2013

Net Assets

Up

$61,555

Up $720 (+1.2%) from 2013

Liabilities

Up

$108,477

Up $6,004 (+5.9%) from 2013

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin42nd percentile

Revenue

Up

$308,000

Up $33,338 (+12%) from 2013

Expenses

Up

$307,280

Up $47,044 (+18%) from 2013

Net Income

Down

$720

Down $13,706 (-95%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

$300K$200K$100K$0Assets 2010: $185,608Liabilities 2010: $132,833Net Assets 2010: $52,7752010Assets 2011: $161,587Liabilities 2011: $117,719Net Assets 2011: $43,8682011Assets 2012: $163,940Liabilities 2012: $117,531Net Assets 2012: $46,4092012Assets 2013: $163,308Liabilities 2013: $102,473Net Assets 2013: $60,8352013Assets 2014: $170,032Liabilities 2014: $108,477Net Assets 2014: $61,5552014Assets 2015: $147,223Liabilities 2015: $89,351Net Assets 2015: $57,8722015Assets 2016: $134,326Liabilities 2016: $84,765Net Assets 2016: $49,5612016Assets 2017: $134,235Liabilities 2017: $92,580Net Assets 2017: $41,6552017Assets 2018: $132,049Liabilities 2018: $98,182Net Assets 2018: $33,8672018Assets 2019: $121,895Liabilities 2019: $93,066Net Assets 2019: $28,8292019Assets 2020: $164,989Liabilities 2020: $120,432Net Assets 2020: $44,5572020Assets 2021: $266,511Liabilities 2021: $244,901Net Assets 2021: $21,6102021Assets 2022: $212,484Liabilities 2022: $146,040Net Assets 2022: $66,4442022Assets 2023: $171,777Liabilities 2023: $58,118Net Assets 2023: $113,6592023Assets 2024: $238,278Liabilities 2024: $55,811Net Assets 2024: $182,4672024

Highlighted filing

2014

Assets$170,032
Liabilities$108,477
Net Assets$61,555
Open 2014 Filing

Operations Trend

Revenue Growth70th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $261,1632010Expenses 2011: $266,4762011Expenses 2012: $265,5452012Revenue 2013: $274,662Expenses 2013: $260,236Net Income 2013: $14,4262013Revenue 2014: $308,000Expenses 2014: $307,280Net Income 2014: $7202014Revenue 2015: $300,671Expenses 2015: $304,354Net Income 2015: -$3,6832015Revenue 2016: $302,181Expenses 2016: $310,492Net Income 2016: -$8,3112016Revenue 2017: $313,267Expenses 2017: $321,173Net Income 2017: -$7,9062017Revenue 2018: $313,380Expenses 2018: $321,167Net Income 2018: -$7,7872018Revenue 2019: $314,431Expenses 2019: $319,469Net Income 2019: -$5,0382019Revenue 2020: $301,024Expenses 2020: $285,296Net Income 2020: $15,7282020Revenue 2021: $280,327Expenses 2021: $303,274Net Income 2021: -$22,9472021Revenue 2022: $334,806Expenses 2022: $289,972Net Income 2022: $44,8342022Revenue 2023: $367,705Expenses 2023: $320,490Net Income 2023: $47,2152023Revenue 2024: $478,132Expenses 2024: $409,324Net Income 2024: $68,8082024

Highlighted filing

2014

Revenue$308,000
Expenses$307,280
Net Income$720
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 21, 2015
Return Version
2014v5.0
Gross Receipts
$308,000
Mission and Program Overview

Mission

Promote economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$68,888$67,460▼ $1,428
Rtn Earn Endowment Incm Other Fnds$60,835$61,555▲ $720
Savings and Temporary Cash Investments$56,562$56,808▲ $246
Accounts Receivable$13,134$20,483▲ $7,349
Cash and Non-Interest-Bearing Accounts$18,588$18,774▲ $186
Prepaid Expenses and Deferred Charges$6,136$6,507▲ $371
Total Assets$163,308$170,032▲ $6,724
Liabilities
Mortgage Notes Payable Secured by Investment Property$65,615$55,013▼ $10,602
Other Liabilities$31,902$30,556▼ $1,346
Accounts Payable and Accrued Expenses$4,956$22,908▲ $17,952
Total Liabilities$102,473$108,477▲ $6,004
Net Assets / Fund Balance
Total Net Assets Fund Balance$60,835$61,555▲ $720
Total Liabilities and Net Assets / Fund Balance$163,308$170,032▲ $6,724

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$63,731$39,418$103,149
Equipment$3,729$4,875$8,604
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dan SchroederExecutive DirectorFT$74,082$74,082

Board Members and Trustees

NameTitle
Nick TherouxPresident
Katie MurdockVice President
Amy JohnsonDirector
Bob DregerDirector
Gary SenskeDirector
Justin HelmekeDirector
Linda StollDirector
Sandra WaldonDirector
Blake MingeSecretary
Tim BirkelandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$184,989
Program Service Revenue
$76,116
Investment Income
$299
Other Revenue
$46,596
All Other Contributions
$71,850
Change in Net Assets
$720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,613
Salaries, Compensation, and Employee Benefits$124,667
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$108,219
Advertising---$63,633
Other Expenses$42,691--$42,691
Information Technology---$10,632
Payroll Taxes---$8,586
Office Expenses---$7,921
Other Employee Benefits---$7,862
Depreciation Depletion---$6,503
Fees for Services Other---$3,599
Insurance---$3,153
Travel---$2,582
Interest---$2,056
Fees for Services Accounting---$1,428
All Other Expenses---$407
Total Functional Expenses$0$0$0$307,280
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Perham Bucks$26,460
Payroll Tax Liabilities$2,399
Holiday Dollars$1,697
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Membership is required to receive benefits including advertising and other benefits offered by the chamber”

Member election for additional members Part VI line 7A

“All members are allowed to vote for board members chosen by a nominating committee”

Committee meeting documentation Part VI line 8B

“All committees are allowed to meet at their convenience and report back to the board with their recomendations”

Form 990 governing body review Part VI line 11

“All board members review monthly budget and actual numbers and 990 is available for their review it is reviewed and signed by the president of the executive board”

CEO executive director top management comp Part VI line 15A

“Board annually review compensation of all employees which includes performance and comparisons to other chambers in the area and board decides pay annually for all”

Other officer or key employee compensation Part VI line 15B

“Board annually review compensation of all employees which includes performance and comparisons to other chambers in the area and board decides pay annually for all”

Governing documents etc available to public Part VI line 19

“All board members are invited to board meetings where financial information is discussed monthly”

Filing and Contact Details

Filer

Filer Name
Perham Area Chamber of Commerce
EIN
41-0654732
Address
185 EAST MAIN, Perham, MN 56573

Signing Officer

Name
Nick Theroux
Title
President
Phone
2183467710
Signed
2015-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Theroux
Formed
1971
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
8

Preparer

Firm
Bekkerus Schott Helmeke DeConcini
Address
160 3rd Ave SW, Perham, MN 56573
Preparer
Chris Deconcini CPA
Phone
2183464200
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYRevenuesLessExpensesAmt014426
IRS990/PYSalariesCompEmpBnftPaidAmt0109689
IRS990/PYTotalExpensesAmt0260236
IRS990/PYTotalRevenueAmt0274662
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0720
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt060835
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt061555
IRS990/SavingsAndTempCashInvstGrp/BOYAmt056562
IRS990/SavingsAndTempCashInvstGrp/EOYAmt056808
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt063731
IRS990ScheduleD/BuildingsGrp/DepreciationAmt039418
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0103149
IRS990ScheduleD/EquipmentGrp/BookValueAmt03729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04875
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02399
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11697
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt226460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HOLIDAY DOLLARS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PERHAM BUCKS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067460
IRS990ScheduleD/TotalLiabilityAmt030556
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP IS REQUIRED TO RECEIVE BENEFITS INCLUDING ADVERTISING AND OTHER BENEFITS OFFERED BY THE CHAMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS ARE ALLOWED TO VOTE FOR BOARD MEMBERS CHOSEN BY A NOMINATING COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMMITTEES ARE ALLOWED TO MEET AT THEIR CONVENIENCE AND REPORT BACK TO THE BOARD WITH THEIR RECOMENDATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS REVIEW MONTHLY BUDGET AND ACTUAL NUMBERS AND 990 IS AVAILABLE FOR THEIR REVIEW IT IS REVIEWED AND SIGNED BY THE PRESIDENT OF THE EXECUTIVE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD ANNUALLY REVIEW COMPENSATION OF ALL EMPLOYEES WHICH INCLUDES PERFORMANCE AND COMPARISONS TO OTHER CHAMBERS IN THE AREA AND BOARD DECIDES PAY ANNUALLY FOR ALL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD ANNUALLY REVIEW COMPENSATION OF ALL EMPLOYEES WHICH INCLUDES PERFORMANCE AND COMPARISONS TO OTHER CHAMBERS IN THE AREA AND BOARD DECIDES PAY ANNUALLY FOR ALL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL BOARD MEMBERS ARE INVITED TO BOARD MEETINGS WHERE FINANCIAL INFORMATION IS DISCUSSED MONTHLY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0163308
IRS990/TotalAssetsEOYAmt0170032
IRS990/TotalAssetsGrp/BOYAmt0163308
IRS990/TotalAssetsGrp/EOYAmt0170032
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0184989
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0307280
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0102473
IRS990/TotalLiabilitiesEOYAmt0108477
IRS990/TotalLiabilitiesGrp/BOYAmt0102473
IRS990/TotalLiabilitiesGrp/EOYAmt0108477
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt060835
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt061555
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0127534
IRS990/TotalProgramServiceRevenueAmt076116
IRS990/TotalReportableCompFromOrgAmt074082
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0123011
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0308000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0163308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0170032
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt02582
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045919 WHISPERING SANDS TRAIL
IRS990/USAddress/CityNm0Perham
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056573
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Nick Theroux
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02183467710
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PERHAM AREA CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0PERH
ReturnHeader/Filer/EIN0410654732
ReturnHeader/Filer/USAddress/AddressLine1Txt0185 EAST MAIN
ReturnHeader/Filer/USAddress/CityNm0Perham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056573
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450397972
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bekkerus Schott Helmeke DeConcini
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0160 3rd Ave SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Perham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056573
ReturnHeader/PreparerPersonGrp/PhoneNum02183464200
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS DECONCINI CPA
ReturnHeader/ReturnTs02015-09-24T15:06:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$170,032
Liabilities
$108,477
Net assets
$61,555
Revenue
$308,000
Expenses
$307,280
Net income
$720
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.38$0.56$1.82$4.78$4.09$0.69
2023Detailed filing. Detailed filing data is available for this year.$1.72$0.58$1.14$3.68$3.20$0.47
2022Detailed filing. Detailed filing data is available for this year.$2.12$1.46$0.66$3.35$2.90$0.45
2021Detailed filing. Detailed filing data is available for this year.$2.67$2.45$0.22$2.80$3.03$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.65$1.20$0.45$3.01$2.85$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.93$0.29$3.14$3.19$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.32$0.98$0.34$3.13$3.21$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.93$0.42$3.13$3.21$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.85$0.50$3.02$3.10$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.47$0.89$0.58$3.01$3.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.70$1.08$0.62$3.08$3.07$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.63$1.02$0.61$2.75$2.60$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$1.18$0.46$2.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$1.18$0.44$2.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$1.33$0.53$2.61