Civic Intelligence

Madelia Chamber of Commerce

EIN 41-1467797 • 501(c)6 • Madelia, MN

Profile

The purpose of the madelia chamber of commerce is to provide opportunities and events wherein chamber members are encouraged to promote business and community growth, and to develop the madelia area as an attractive environment in which to work, shop, play and live.

127 West Main Street PO Box 171Madelia, MN 56062

www.visitmadelia.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.03x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.02x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-20%

Higher net margin than 22% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$30,754

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 43.6% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

21st percentile

-30%

Faster asset growth than 21% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-32%

Faster revenue growth than 18% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$32,997

Down $14,157 (-30%) from 2023

Liabilities

Up

$1,067

Up $1 (+0.1%) from 2023

Net Assets

Down

$31,930

Down $14,158 (-31%) from 2023

Revenue

Down

$70,607

Down $33,628 (-32%) from 2023

Expenses

Down

$84,765

Down $3,939 (-4.4%) from 2023

Net Income

Down

-$14,158

Down $29,689 (-191%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2010: $34,315Liabilities 2010: $14,787Net Assets 2010: $19,5282010Assets 2011: $40,590Liabilities 2011: $14,459Net Assets 2011: $26,1312011Assets 2012: $33,821Liabilities 2012: $8,285Net Assets 2012: $25,5362012Assets 2013: $33,264Liabilities 2013: $10,423Net Assets 2013: $22,8412013Assets 2014: $21,093Liabilities 2014: $1,517Net Assets 2014: $19,5762014Assets 2015: $11,624Liabilities 2015: $430Net Assets 2015: $11,1942015Assets 2016: $13,249Liabilities 2016: $541Net Assets 2016: $12,7082016Assets 2017: $19,915Liabilities 2017: $982Net Assets 2017: $18,9332017Assets 2018: $12,197Liabilities 2018: $101Net Assets 2018: $12,0962018Assets 2019: $7,004Liabilities 2019: $839Net Assets 2019: $6,1652019Assets 2020: $24,197Liabilities 2020: $7,982Net Assets 2020: $16,2152020Assets 2021: $23,360Liabilities 2021: $0Net Assets 2021: $23,3602021Assets 2022: $31,624Liabilities 2022: $1,067Net Assets 2022: $30,5572022Assets 2023: $47,154Liabilities 2023: $1,066Net Assets 2023: $46,0882023Assets 2024: $32,997Liabilities 2024: $1,067Net Assets 2024: $31,9302024

Highlighted filing

2024

Assets$32,997
Liabilities$1,067
Net Assets$31,930

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $54,528Expenses 2010: $49,678Net Income 2010: $4,8502010Revenue 2011: $52,981Expenses 2011: $46,378Net Income 2011: $6,6032011Revenue 2012: $50,500Expenses 2012: $51,095Net Income 2012: -$5952012Revenue 2013: $48,010Expenses 2013: $50,705Net Income 2013: -$2,6952013Revenue 2014: $60,296Expenses 2014: $63,561Net Income 2014: -$3,2652014Revenue 2015: $63,096Expenses 2015: $71,479Net Income 2015: -$8,3832015Revenue 2016: $80,277Expenses 2016: $78,765Net Income 2016: $1,5122016Revenue 2017: $87,988Expenses 2017: $81,763Net Income 2017: $6,2252017Revenue 2018: $76,894Expenses 2018: $83,731Net Income 2018: -$6,8372018Revenue 2019: $60,334Expenses 2019: $66,265Net Income 2019: -$5,9312019Revenue 2020: $85,009Expenses 2020: $74,958Net Income 2020: $10,0512020Revenue 2021: $88,004Expenses 2021: $80,860Net Income 2021: $7,1442021Revenue 2022: $89,948Expenses 2022: $82,749Net Income 2022: $7,1992022Revenue 2023: $104,235Expenses 2023: $88,704Net Income 2023: $15,5312023Revenue 2024: $70,607Expenses 2024: $84,765Net Income 2024: -$14,1582024

Highlighted filing

2024

Revenue$70,607
Expenses$84,765
Net Income-$14,158

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$0.71$0.85$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.47$0.01$0.46$1.04$0.89$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.32$0.01$0.31$0.90$0.83$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.88$0.81$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.08$0.16$0.85$0.75$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$0.60$0.66$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.77$0.84$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.88$0.82$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.13$0.80$0.79$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.11$0.63$0.71$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.02$0.20$0.60$0.64$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.33$0.10$0.23$0.48$0.51$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.08$0.26$0.51$0.51$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.14$0.26$0.53$0.46$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.15$0.20$0.55$0.50$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.0
Gross Receipts
$117,271
Mission and Program Overview

Mission

The purpose of the madelia chamber of commerce is to provide opportunities and events wherein chamber members are encouraged to promote business and community growth, and to develop the madelia area as an attractive environment in which to work, shop, play and live.

Program Services

DescriptionGrantsExpenses
THE MADELIA CHAMBER OF COMMERCE PROMOTES BUSINESS AND COMMUNITY GROWTH THROUGH MONTHLY MEMBERSHIP MEETINGS AND ONGOING COMMUNITY ACTIVITIES. THE ORGANIZATION WORKS TOGETHER WITH ITS MEMBERS TO SOLVE PROBLEMS AND CREATE OPPORTUNITIES FOR LOCAL BUSINESSES AND THE COMMUNITY AS A WHOLE.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATIE WOLLEExecutive DiPT$30,754-$30,754
GLENDA ARNDTSecretary-$0--
DOUG FENSKEDirector-$0--
BUTCH DWYERDirector-$0--
KELSEY FORBESVice Preside-$0--
LAURA SORENSONPresident-$0--
ASHLEY GOOSSENTreasurer-$0--
TIM FLITTERDirector-$0--
CALEB FENSKEDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Park Days$41,040$19,556$36,412$-16,856
Total Events$41,040$19,556$36,412$-16,856
Filing and Contact Details

Filer

Filer Name
Madelia Chamber of Commerce
EIN
41-1467797
Phone
5076428822
Address
127 WEST MAIN STREET PO BOX 171, MADELIA, MN 56062

Signing Officer

Name
Katie Wolle
Title
Executive Director
Phone
5076428822
Signed
2025-10-23
Discuss with paid preparer
Yes

Preparer

Firm
Kelsey Arndt & Tweit Pllc
Address
8 W MAIN ST, MADELIA, MN 56062
Preparer
Annette M Arndt CPA
Phone
5076422800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising - chamber 899 advertising - cvb 3,895 contributions 100 postage and delivery 376 supplies:office 974 office supplies 936 meeting expenses 1,829 board meeting expense 373 insurance:liability insurance 2,228 insurance:workers comp 224 insurance:d & o insurance 931 dues and subscriptions 677 telephone 2,114 web site setup/maintenanc 1,618 flower pot expenses 599 scholarships 1,000 teachers luncheon 588 reimbursed expenses -1,102 miscellaneous 15,694 scholarships -199 business after hours expe 41 conferences 99 total 33,894

Form 990-ez, Part II, Line 24

Inventories for sale or use 300 300 office equipment 16,335 16,335 less accumulated depreciation 16,335 16,335 other asset 0 0 total 300 300

Form 990-ez, Part II, Line 26

Accounts payable 1,066 1,066 federal taxes payable 0 1

Form 990-ez, Part III

The purpose of the madelia chamber of commerce is to provide opportunities and events wherein chamber members are encouraged to promote business and community growth, and to develop the madelia area as an attractive environment in which to work, shop, play and live.

Form 990-ez, Part III, Line 28

The madelia chamber of commerce promotes business and community growth through monthly membership meetings and ongoing community activities. The organization works together with its members to solve problems and create opportunities for local businesses and the community as a whole.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING - CHAMBER 899 ADVERTISING - CVB 3,895 CONTRIBUTIONS 100 POSTAGE AND DELIVERY 376 SUPPLIES:OFFICE 974 OFFICE SUPPLIES 936 MEETING EXPENSES 1,829 BOARD MEETING EXPENSE 373 INSURANCE:LIABILITY INSURANCE 2,228 INSURANCE:WORKERS COMP 224 INSURANCE:D & O INSURANCE 931 DUES AND SUBSCRIPTIONS 677 TELEPHONE 2,114 WEB SITE SETUP/MAINTENANC 1,618 FLOWER POT EXPENSES 599 SCHOLARSHIPS 1,000 TEACHERS LUNCHEON 588 REIMBURSED EXPENSES -1,102 MISCELLANEOUS 15,694 SCHOLARSHIPS -199 BUSINESS AFTER HOURS EXPE 41 CONFERENCES 99 TOTAL 33,894
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 300 300 OFFICE EQUIPMENT 16,335 16,335 LESS ACCUMULATED DEPRECIATION 16,335 16,335 OTHER ASSET 0 0 TOTAL 300 300
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PURPOSE OF THE MADELIA CHAMBER OF COMMERCE IS TO PROVIDE OPPORTUNITIES AND EVENTS WHEREIN CHAMBER MEMBERS ARE ENCOURAGED TO PROMOTE BUSINESS AND COMMUNITY GROWTH, AND TO DEVELOP THE MADELIA AREA AS AN ATTRACTIVE ENVIRONMENT IN WHICH TO WORK, SHOP, PLAY AND LIVE.
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