Civic Intelligence

Glencoe Area Chamber of Commerce Inc

990EZ • Fiscal year 2017 • EIN 41-0959437

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 28, 2018

Organization ProfileWWW.GLENCOECHAMBER.COM
1107 11th St E Suite 104Glencoe, MN 55336

(320) 864-3650

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.03x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

4th percentile

-61%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-25%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$38,622

Down $61,100 (-61%) from 2016

Net Assets

Down

$37,572

Down $15,831 (-30%) from 2016

Liabilities

Down

$1,050

Down $45,269 (-98%) from 2016

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin13th percentile

Revenue

Down

$76,454

Down $25,009 (-25%) from 2016

Expenses

Up

$92,285

Up $6,083 (+7.1%) from 2016

Net Income

Down

-$15,831

Down $31,092 (-204%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$150K$100K$50K$0Assets 2010: $92,862Liabilities 2010: $60,394Net Assets 2010: $32,4682010Assets 2011: $100,561Liabilities 2011: $58,408Net Assets 2011: $42,1532011Assets 2012: $107,401Liabilities 2012: $56,161Net Assets 2012: $51,2402012Assets 2013: $109,436Liabilities 2013: $53,649Net Assets 2013: $55,7872013Assets 2014: $100,705Liabilities 2014: $52,754Net Assets 2014: $47,9512014Assets 2015: $86,402Liabilities 2015: $48,260Net Assets 2015: $38,1422015Assets 2016: $99,722Liabilities 2016: $46,319Net Assets 2016: $53,4032016Assets 2017: $38,622Liabilities 2017: $1,050Net Assets 2017: $37,5722017Assets 2018: $52,173Liabilities 2018: $1,703Net Assets 2018: $50,4702018Assets 2019: $59,587Liabilities 2019: $2,184Net Assets 2019: $57,4032019Assets 2020: $62,581Liabilities 2020: $1,735Net Assets 2020: $60,8462020Assets 2021: $72,752Liabilities 2021: $1,924Net Assets 2021: $70,8282021Assets 2022: $81,587Liabilities 2022: $5,258Net Assets 2022: $76,3292022Assets 2023: $81,086Liabilities 2023: $5,112Net Assets 2023: $75,9742023Assets 2024: $72,394Liabilities 2024: $4,029Net Assets 2024: $68,3652024

Highlighted filing

2017

Assets$38,622
Liabilities$1,050
Net Assets$37,572
Open 2017 Filing

Operations Trend

Revenue Growth13th percentile

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

$200K$150K$100K$50K$0-$50KExpenses 2010: $171,5492010Expenses 2011: $139,8772011Revenue 2012: $145,940Expenses 2012: $136,853Net Income 2012: $9,0872012Revenue 2013: $122,175Expenses 2013: $117,628Net Income 2013: $4,5472013Revenue 2014: $129,634Expenses 2014: $137,470Net Income 2014: -$7,8362014Revenue 2015: $118,854Expenses 2015: $128,663Net Income 2015: -$9,8092015Revenue 2016: $101,463Expenses 2016: $86,202Net Income 2016: $15,2612016Revenue 2017: $76,454Expenses 2017: $92,285Net Income 2017: -$15,8312017Revenue 2018: $89,013Expenses 2018: $76,115Net Income 2018: $12,8982018Revenue 2019: $80,713Expenses 2019: $73,783Net Income 2019: $6,9302019Revenue 2020: $103,253Expenses 2020: $99,811Net Income 2020: $3,4422020Revenue 2021: $84,490Expenses 2021: $74,508Net Income 2021: $9,9822021Revenue 2022: $87,883Expenses 2022: $82,379Net Income 2022: $5,5042022Revenue 2023: $83,994Expenses 2023: $84,349Net Income 2023: -$3552023Revenue 2024: $95,291Expenses 2024: $102,900Net Income 2024: -$7,6092024

Highlighted filing

2017

Revenue$76,454
Expenses$92,285
Net Income-$15,831
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 28, 2018
Return Version
2017v2.3
Gross Receipts
$131,736
Mission and Program Overview

Mission

To serve business members in glencoe and promote the city.

Program Services

DescriptionGrantsExpenses
OPERATING EXPENSES OF THE CHAMBER--
PROMOTING THE TOWN OF GLENCOE--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BEN BECKMANChair-$0--
JIM FAHEYTreasurer-$0--
ANA ALEXANDERDirector-$0--
ELLEN FELMLEEDirector-$0--
KATHY KALENBERGDirector-$0--
JOY FREITAGDirector-$0--
KRAIG TERLINDENDirector-$0--
TERRY JONESDirector-$0--
CHIP ANDERSONVice- Chair-$0--
Filing and Contact Details

Filer

Filer Name
Glencoe Area Chamber of Commerce
EIN
41-0959437
Phone
3208643650
Address
1107 11TH ST E SUITE 104, GLENCOE, MN 55336

Signing Officer

Name
Ben Beckman
Title
Chair
Phone
3208643650
Signed
2018-06-28
Discuss with paid preparer
Yes

Preparer

Firm
Sls
Address
1721 10TH ST E, GLENCOE, MN 55336
Preparer
Timothy L Schuth CPA
Phone
3208646166
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses office 1,658 website 240 conferences/meetings 1,914 interest 619 postage 475 telephone 2,800 printing / publications 813 chamber events 12,188 mileage 94 community events 5,667 auto, ag & manufacturing 5,124 glencoe bucks 4,028 farmers market 60 insurance 2,428 utilities 150 scholarship fund 1,000 subscriptions 2,866 flowers 4,316 settlement 11,500 total 57,940”

Form 990-ez, Part II, Line 24

“92,209 26,209 less accumulated depreciation 36,856 26,209 total 55,353 0”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 1,010 1,050 city of glencoe lhi loan 45,309 0”

Raw XML Appendix135 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SCHAD LINDSTRAND & SCHUTH LTD
IRS990EZ/BooksInCareOfDetail/PhoneNum03208646166
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01721 10TH STREET EAST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GLENCOE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055336
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt044369
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt038622
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOrOtherBasisExpenseSaleAmt055282
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-15831
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt03080
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt099722
IRS990EZ/Form990TotalAssetsGrp/EOYAmt038622
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-10793
IRS990EZ/GrossReceiptsAmt0131736
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0320
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt041873
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt053403
IRS990EZ/NetAssetsOrFundBalancesEOYAmt037572
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt053403
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt037572
IRS990EZ/OccupancyRentUtltsAndMaintAmt02871
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BEN BECKMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JIM FAHEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ANA ALEXANDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ELLEN FELMLEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KATHY KALENBERG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JOY FREITAG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6KRAIG TERLINDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7TERRY JONES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8CHIP ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8VICE- CHAIR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt055353
IRS990EZ/OtherExpensesTotalAmt057940
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO SERVE BUSINESS MEMBERS IN GLENCOE AND PROMOTE THE CITY.
IRS990EZ/ProgramServiceRevenueAmt045054
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OPERATING EXPENSES OF THE CHAMBER
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROMOTING THE TOWN OF GLENCOE
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt028394
IRS990EZ/SaleOfAssetsGrossAmt044489
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt046319
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01050
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt092285
IRS990EZ/TotalRevenueAmt076454
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.GLENCOECHAMBER.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 1,658 WEBSITE 240 CONFERENCES/MEETINGS 1,914 INTEREST 619 POSTAGE 475 TELEPHONE 2,800 PRINTING / PUBLICATIONS 813 CHAMBER EVENTS 12,188 MILEAGE 94 COMMUNITY EVENTS 5,667 AUTO, AG & MANUFACTURING 5,124 GLENCOE BUCKS 4,028 FARMERS MARKET 60 INSURANCE 2,428 UTILITIES 150 SCHOLARSHIP FUND 1,000 SUBSCRIPTIONS 2,866 FLOWERS 4,316 SETTLEMENT 11,500 TOTAL 57,940
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt192,209 26,209 LESS ACCUMULATED DEPRECIATION 36,856 26,209 TOTAL 55,353 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,010 1,050 CITY OF GLENCOE LHI LOAN 45,309 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03208643650
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLENCOE AREA CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0GLEN
ReturnHeader/Filer/EIN0410959437
ReturnHeader/Filer/PhoneNum03208643650
ReturnHeader/Filer/USAddress/AddressLine1Txt01107 11TH ST E SUITE 104
ReturnHeader/Filer/USAddress/CityNm0GLENCOE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055336
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.103.167.126
ReturnHeader/FilingSecurityInformation/IPDt02018-06-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:51:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411465735
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01721 10TH ST E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENCOE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055336
ReturnHeader/PreparerPersonGrp/PhoneNum03208646166
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY L SCHUTH CPA
ReturnHeader/ReturnTs02018-06-28T12:51:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,622
Liabilities
$1,050
Net assets
$37,572
Revenue
$76,454
Expenses
$92,285
Net income
-$15,831
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.68$0.95$1.03$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.05$0.76$0.84$0.84$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.82$0.05$0.76$0.88$0.82$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.02$0.71$0.84$0.75$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.02$0.61$1.03$1.00$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.02$0.57$0.81$0.74$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.50$0.89$0.76$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.01$0.38$0.76$0.92$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.46$0.53$1.01$0.86$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.48$0.38$1.19$1.29$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.53$0.48$1.30$1.37$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.09$0.54$0.56$1.22$1.18$0.05
2012Summary only. Only limited summary data is available for this year.$1.07$0.56$0.51$1.46$1.37$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.58$0.42$1.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.60$0.32$1.72
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)6 • <$500k nonprofits