Civic Intelligence

Chamber Trust

990EZ • Fiscal year 2021 • EIN 41-1923981

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 31, 2022

Organization Profilewww.faribaultmn.org
530 Wilson AvenueFaribault, MN 55021

(507) 334-4381

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

60th percentile

16%

Higher net margin than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

49th percentile

5.0%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-64%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$30,595

Up $1,452 (+5.0%) from 2020

Net Assets

Up

$30,595

Up $3,462 (+13%) from 2020

Liabilities

Down

$0

Down $2,010 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin60th percentile

Revenue

Down

$21,698

Down $39,128 (-64%) from 2020

Expenses

Down

$18,236

Down $28,855 (-61%) from 2020

Net Income

Down

$3,462

Down $10,273 (-75%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$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

2021

Assets$30,595
Liabilities$0
Net Assets$30,595
Open 2021 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$21,698
Expenses$18,236
Net Income$3,462
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 31, 2022
Return Version
2021v4.2
Gross Receipts
$21,698
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)-$18,236
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nort JohnsonChairPT$0--
Michael RichieDirector-$0--
Bruce BurkhartzmeyerDirector-$0--
Suzanne TerryDirector-$0--
Gene BuhrDirector-$0--
Mathew CarlanderDirector-$0--
Kymn AndersonSecretarytreasurerPT$0--
Marsha DanielsonDirector-$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
2022-10-31
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 expenses Part I line 16

“Description AmountProgram Expenses 18,236”

Description of other assets Part II line 24

“Category Beginning of Year End of YearAccounts Receivable 2,388 4,888Prepaids 1,551 2,068”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearAccounts Payable 2,010 0”

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 2021 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) Established Dee Memorial Fund up-and-coming Chamber of Commerce executives and professionals. 3) Expanded the Career Expo. 4) Provided direct support for local educational professionals.”

Raw XML Appendix174 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.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt018236
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountProgram Expenses 18,236
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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 2021 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) Established Dee Memorial Fund up-and-coming Chamber of Commerce executives and professionals. 3) Expanded the Career Expo. 4) Provided direct support for local educational professionals.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-01
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ReturnHeader/ReturnTs02022-11-01T23:20:43-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Nort
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Johnson
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,595
Liabilities
$0
Net assets
$30,595
Revenue
$21,698
Expenses
$18,236
Net income
$3,462
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$1.89$2.44$0.55
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.02$0.33$0.69
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.22$0.18$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.29$0.02$0.27$0.61$0.47$0.14
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits