Civic Intelligence

Albion Chamber of Commerce Inc

EIN 47-0388990 • 501(c)6 • Albion, NE

Revoked990-N Coverage

Profile

Promotion of area commerce

Revocation date: May 15, 2010

420 W Market StreetAlbion, NE 68620

www.cityofalbion-ne.com

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-12%

Higher net margin than 30% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2020

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.

501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

36th percentile

-10%

Faster asset growth than 36% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-33%

Faster revenue growth than 18% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$28,669

Down $3,273 (-10%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$28,669

Down $3,273 (-10%) from 2019

Operations
Liabilities / Revenue51st percentileNet Margin30th percentile

Revenue

Down

$28,156

Down $13,679 (-33%) from 2019

Expenses

Down

$31,429

Down $14,586 (-32%) from 2019

Net Income

Up

-$3,273

Up $907 (+22%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

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

$80K$60K$40K$20K$0Assets 2012: $19,947Liabilities 2012: $02012Assets 2013: $48,070Liabilities 2013: $02013Assets 2014: $55,722Liabilities 2014: $0Net Assets 2014: $55,7222014Assets 2015: $66,030Liabilities 2015: $0Net Assets 2015: $66,0302015Assets 2016: $64,120Liabilities 2016: $775Net Assets 2016: $63,3452016Assets 2017: $40,836Liabilities 2017: $0Net Assets 2017: $40,8362017Assets 2018: $36,122Liabilities 2018: $0Net Assets 2018: $36,1222018Assets 2019: $31,942Liabilities 2019: $0Net Assets 2019: $31,9422019Assets 2020: $28,669Liabilities 2020: $0Net Assets 2020: $28,6692020

Highlighted filing

2020

Assets$28,669
Liabilities$0
Net Assets$28,669
Open 2020 Filing

Operations Trend

Revenue Growth18th percentile

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

$100K$50K$0-$50KRevenue 2012: $62,001Expenses 2012: $53,542Net Income 2012: $8,4592012Revenue 2013: $67,522Expenses 2013: $39,399Net Income 2013: $28,1232013Revenue 2014: $53,484Expenses 2014: $45,832Net Income 2014: $7,6522014Revenue 2015: $60,988Expenses 2015: $50,680Net Income 2015: $10,3082015Revenue 2016: $58,300Expenses 2016: $60,985Net Income 2016: -$2,6852016Revenue 2017: $43,665Expenses 2017: $66,173Net Income 2017: -$22,5082017Revenue 2018: $41,474Expenses 2018: $46,187Net Income 2018: -$4,7132018Revenue 2019: $41,835Expenses 2019: $46,015Net Income 2019: -$4,1802019Revenue 2020: $28,156Expenses 2020: $31,429Net Income 2020: -$3,2732020

Highlighted filing

2020

Revenue$28,156
Expenses$31,429
Net Income-$3,273
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,669
Liabilities
$0
Net assets
$28,669
Revenue
$28,156
Expenses
$31,429
Net income
-$3,273
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$28.7$0.00$28.7$28.2$31.4$3.27
2019Detailed filing. Detailed filing data is available for this year.$31.9$0.00$31.9$41.8$46.0$4.18
2018Detailed filing. Detailed filing data is available for this year.$36.1$0.00$36.1$41.5$46.2$4.71
2017Detailed filing. Detailed filing data is available for this year.$40.8$0.00$40.8$43.7$66.2$22.5
2016Detailed filing. Detailed filing data is available for this year.$64.1$0.78$63.3$58.3$61.0$2.69
2015Detailed filing. Detailed filing data is available for this year.$66.0$0.00$66.0$61.0$50.7$10.3
2014Detailed filing. Detailed filing data is available for this year.$55.7$0.00$55.7$53.5$45.8$7.65
2013Summary only. Only limited summary data is available for this year.$48.1$0.00$67.5$39.4$28.1
2012Summary only. Only limited summary data is available for this year.$19.9$0.00$62.0$53.5$8.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 18, 2021
Return Version
2020v4.0
Gross Receipts
$28,156
Mission and Program Overview

Mission

Promotion of area commerce

Program Services

DescriptionGrantsExpenses
PROMOTION OF MEMBER BUSINESSES AND ORGANIZATIONS THROUGH EVENTS SUCH AS RHYTHM & RIBS BBQ COMPETITIONS AND CONCERTS, EASTER EGG HUNTS, AND LUNCH N LEARNS. THE CHAMBER ALSO SELLS CHAMBER BUCKS ENCOURAGING LOCAL SHOPPING AND HAS AN ANNUAL CHRISTMAS PROMOTION.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHELLE DEVINEDirector/Tre-$0--
LORI KROHNDirector/PrePT$0--
SHELLEY LUEKENDirector-$0--
MAKENSEY HARRISDirector/VP-$0--
TIFFANY CURRYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Albion Chamber of Commerce
EIN
47-0388990
Phone
4023956012
Address
420 W MARKET STREET, ALBION, NE 68620

Signing Officer

Name
Lori Krohn
Title
Director/president
Phone
4023956012
Signed
2021-08-18

Preparer

Firm
Schmeits Mueller & Martinsen Pc
Address
2204 14TH ST, COLUMBUS, NE 68601
Preparer
Jordan Mueller CPA
Phone
4025633538
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“Name: city of albion cash contribution: 14,133”

Form 990-ez, Part I, Line 16

“Expenses advertising 2,142 supplies 512 insurance 1,262 christmas promo 545 back to school 1,431 taste of albion 50 membership dues 31 miscellaneous expense -40 taxes 1,320 stuffed animals 1,235 covid 19 1,200 first dollar of business 21 girls night out 284 planter pots 861 supplies 98 total 10,952”

Form 990-ez, Part II, Line 24

“Accounts receivable 885 6,290 total 885 6,290”

Form 990-ez, Part III, Line 28

“Promotion of member businesses and organizations through events such as rhythm & ribs bbq competitions and concerts, easter egg hunts, and lunch n learns. The chamber also sells chamber bucks encouraging local shopping and has an annual christmas promotion.”

Raw XML Appendix125 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0MICHELLE DEVINE
CompensationExplanation/CompensationExplanationGrp/PersonNm1LORI KROHN
CompensationExplanation/CompensationExplanationGrp/PersonNm2SHELLEY LUEKEN
CompensationExplanation/CompensationExplanationGrp/PersonNm3MAKENSEY HARRIS
CompensationExplanation/CompensationExplanationGrp/PersonNm4TIFFANY CURRY
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0LORI KROHN
IRS990EZ/BooksInCareOfDetail/PhoneNum04023956012
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0420 W MARKET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ALBION
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NE
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd068620
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt031057
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt022379
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt05100
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3273
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0925
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt031942
IRS990EZ/Form990TotalAssetsGrp/EOYAmt028669
IRS990EZ/GrantsAndSimilarAmountsPaidAmt014133
IRS990EZ/GrossReceiptsAmt028156
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0100
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt015951
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt031942
IRS990EZ/NetAssetsOrFundBalancesEOYAmt028669
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt031942
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt028669
IRS990EZ/OccupancyRentUtltsAndMaintAmt05309
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHELLE DEVINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LORI KROHN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SHELLEY LUEKEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MAKENSEY HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4TIFFANY CURRY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR/TRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR/PRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR/VP
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0885
IRS990EZ/OtherAssetsTotalDetail/EOYAmt06290
IRS990EZ/OtherExpensesTotalAmt010952
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTION OF AREA COMMERCE
IRS990EZ/PrintingPublicationsPostageAmt0110
IRS990EZ/ProgramServiceRevenueAmt07005
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROMOTION OF MEMBER BUSINESSES AND ORGANIZATIONS THROUGH EVENTS SUCH AS RHYTHM & RIBS BBQ COMPETITIONS AND CONCERTS, EASTER EGG HUNTS, AND LUNCH N LEARNS. THE CHAMBER ALSO SELLS CHAMBER BUCKS ENCOURAGING LOCAL SHOPPING AND HAS AN ANNUAL CHRISTMAS PROMOTION.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt031429
IRS990EZ/TotalRevenueAmt028156
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.CITYOFALBION-NE.COM
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: CITY OF ALBION CASH CONTRIBUTION: 14,133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 2,142 SUPPLIES 512 INSURANCE 1,262 CHRISTMAS PROMO 545 BACK TO SCHOOL 1,431 TASTE OF ALBION 50 MEMBERSHIP DUES 31 MISCELLANEOUS EXPENSE -40 TAXES 1,320 STUFFED ANIMALS 1,235 COVID 19 1,200 FIRST DOLLAR OF BUSINESS 21 GIRLS NIGHT OUT 284 PLANTER POTS 861 SUPPLIES 98 TOTAL 10,952
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 885 6,290 TOTAL 885 6,290
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROMOTION OF MEMBER BUSINESSES AND ORGANIZATIONS THROUGH EVENTS SUCH AS RHYTHM & RIBS BBQ COMPETITIONS AND CONCERTS, EASTER EGG HUNTS, AND LUNCH N LEARNS. THE CHAMBER ALSO SELLS CHAMBER BUCKS ENCOURAGING LOCAL SHOPPING AND HAS AN ANNUAL CHRISTMAS PROMOTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY, OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LORI KROHN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04023956012
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBION CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0ALBI
ReturnHeader/Filer/EIN0470388990
ReturnHeader/Filer/PhoneNum04023956012
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 W MARKET STREET
ReturnHeader/Filer/USAddress/CityNm0ALBION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068620
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470628029
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHMEITS MUELLER & MARTINSEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02204 14TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068601
ReturnHeader/PreparerPersonGrp/PhoneNum04025633538
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JORDAN MUELLER CPA
ReturnHeader/ReturnTs02021-10-21T11:32:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LORI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KROHN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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