Civic Intelligence

Chamber Trust

EIN 41-1923981 • 501(c)3 • Faribault, MN

Profile

Enhance the City of Faribault Minnesota

530 Wilson AvenueFaribault, MN 55021

www.faribaultmn.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

96th percentile

226%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

370%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$44,570

Down $55,038 (-55%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$44,570

Down $55,038 (-55%) from 2022

Revenue

Up

$189,089

Up $87,079 (+85%) from 2022

Expenses

Up

$244,127

Up $211,130 (+640%) from 2022

Net Income

Down

-$55,038

Down $124,051 (-180%) from 2022

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0Assets 2020: $29,143Liabilities 2020: $2,010Net Assets 2020: $27,1332020Assets 2021: $30,595Liabilities 2021: $0Net Assets 2021: $30,5952021Assets 2022: $99,608Liabilities 2022: $0Net Assets 2022: $99,6082022Assets 2023: $44,570Liabilities 2023: $0Net Assets 2023: $44,5702023

Highlighted filing

2023

Assets$44,570
Liabilities$0
Net Assets$44,570

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $60,826Expenses 2020: $47,091Net Income 2020: $13,7352020Revenue 2021: $21,698Expenses 2021: $18,236Net Income 2021: $3,4622021Revenue 2022: $102,010Expenses 2022: $32,997Net Income 2022: $69,0132022Revenue 2023: $189,089Expenses 2023: $244,127Net Income 2023: -$55,0382023

Highlighted filing

2023

Revenue$189,089
Expenses$244,127
Net Income-$55,038

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 6, 2025
Return Version
2023v6.0
Gross Receipts
$189,089
Mission and Program Overview

Mission

Enhance the City of Faribault Minnesota

Program Services

DescriptionGrantsExpenses
The Chamber Trust unites Faribault Area Chamber of Commerce programs with widespread resources for enhanced results in education, workforce and community (Continued on Schedule O)-$235,534
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nort JohnsonChairPT$0--
Dave GreenDirector-$0--
Suzanne TerryDirector-$0--
Mathew CarlanderDirector-$0--
Casie SteevesSecretarytreasurerPT$0--
Edel RernandezDirector-$0--
Todd SeskerDirector-$0--
Filing and Contact Details

Filer

Filer Name
Chamber Trust
EIN
41-1923981
Address
530 Wilson Avenue, Faribault, MN 55021

Signing Officer

Name
Nort Johnson
Title
Chair
Phone
5073344381
Signed
2025-04-06
Discuss with paid preparer
Yes

Preparer

Firm
Schutz CPA Ltd
Address
PO Box 898, Stillwater, MN 55082
Preparer
Jennifer Schutz
Phone
6514395990
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountOther Revenue 1,000

Description of other expenses Part I line 16

Description AmountProgram Supplies 5,898Program Expenses 220,235Bank, Registrations and Other 3,638Professional Services 3,245Project Expenses 6,156Office Expense 1,142Bad Debt Expense 3,813

Description of other assets Part II line 24

Category Beginning of Year End of YearAccounts Receivable 90,373 21,333

Part III response or note to any other line in Part III

(Continued from Part III Line 28) improvement initiatives. Projects to be funded through the Chamber Trust include: Career Navigator, Community Monument Welcome signs, Cradle to Career, Downtown benches, Faribaults Future, Public Art Initiatives, Workforce Readiness Projects, and more. The acheivement highlighlights in 2022 include: 1) The community leadership program Faribaults Future. The programming includes leadership training utilizing Cliftons Strenghfinders administered by Lighthouse Strategic Solutions. Students are also given an in depth review of Faribault with a review of our community through Blandin Foundations Elements of a Healthy Community. The class also undertakes a Community Project of their own choosing as part of their training. 2) Provided direct support for local educational professionals. 3) The Cradle to Career initiative is a community based iniative dedicated to education equity. It is a comprehensive, cooperative, evidence-based approach to address education gaps so that every child and young adult can succeed cradle to career through shared purpose, alignment and accountability amoung community partners. 4) Provide Pathways education activities.

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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/ExplanationTxt3(Continued from Part III Line 28) improvement initiatives. Projects to be funded through the Chamber Trust include: Career Navigator, Community Monument Welcome signs, Cradle to Career, Downtown benches, Faribaults Future, Public Art Initiatives, Workforce Readiness Projects, and more. The acheivement highlighlights in 2022 include: 1) The community leadership program Faribaults Future. The programming includes leadership training utilizing Cliftons Strenghfinders administered by Lighthouse Strategic Solutions. Students are also given an in depth review of Faribault with a review of our community through Blandin Foundations Elements of a Healthy Community. The class also undertakes a Community Project of their own choosing as part of their training. 2) Provided direct support for local educational professionals. 3) The Cradle to Career initiative is a community based iniative dedicated to education equity. It is a comprehensive, cooperative, evidence-based approach to address education gaps so that every child and young adult can succeed cradle to career through shared purpose, alignment and accountability amoung community partners. 4) Provide Pathways education activities.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
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