Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.74x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Balance Sheet
Assets
Down$91,508
Down $41,853 (-31%) from 2022
Net Assets
Down-$67,810
Down $153,997 (-179%) from 2022
Liabilities
Up$159,318
Up $112,144 (+238%) from 2022
Revenue And Expenses
Revenue
Down$39,357
Down $94,004 (-70%) from 2022
Expenses
Up$193,354
Up $146,180 (+310%) from 2022
Net Income
Down-$153,997
Down $240,184 (-279%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Jun 30, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $39,357
Mission and Program Overview
Mission
The foundation is organized and shall be operated for purposes of supporting the work and mission of the chamber and strives to improve economic opportunities, equity, and improved quality of life through research, education, advocacy, participating in charitable activities, and support of individuals, businesses, entrepreneurs, and economic transactors.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED FOR PURPOSES OF SUPPORTING THE WORK AND MISSION OF THE CHAMBER AND STRIVES TO IMPROVE ECONOMIC OPPORTUNITIES, EQUITY, AND IMPROVED QUALITY OF LIFE THROUGH RESEARCH, EDUCATION, ADVOCACY, PARTICIPATING IN CHARITABLE ACTIVITIES, AND SUPPORT OF INDIVIDUALS, BUSINESSES, ENTREPRENEURS, AND ECONOMIC TRANSACTORS. | - | $171,294 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TERESE TOMANEK | Director | - | $0 | - | - |
| MATT BAUMGARTNER | CEO | - | $0 | - | - |
| RENEE MATTSON BURNS | Chair | - | $0 | - | - |
| JON BIRKELAND | Treasurer | - | $0 | - | - |
| DANIEL FANNING | Executive Di | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Duluth Area Chamber Foundation
- EIN
- 88-2181306
- Phone
- 2187225501
- Address
- 5 WEST 1ST STREET RM/STE 101, DULUTH, MN 55802
Signing Officer
- Name
- Daniel Fanning
- Title
- Executive Director
- Phone
- 2187225501
- Signed
- 2024-06-30
Preparer
- Firm
- Licari Larsen and Company
- Address
- 130 W SUPERIOR ST STE 712, DULUTH, MN 55802
- Preparer
- Nicholas S Licari CPA
- Phone
- 2187222226
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office 5,463 travel 1,066 bank fees 10 program expenses 28,235 registration fee 810 total 35,584”
Form 990-ez, Part II, Line 26
“Due to chamber 47,174 159,318”
Form 990-ez, Part III
“The foundation is organized and shall be operated for purposes of supporting the work and mission of the chamber and strives to improve economic opportunities, equity, and improved quality of life through research, education, advocacy, participating in charitable activities, and support of individuals, businesses, entrepreneurs, and economic transactors.”
Form 990-ez, Part III, Line 28
“The foundation is organized and shall be operated for purposes of supporting the work and mission of the chamber and strives to improve economic opportunities, equity, and improved quality of life through research, education, advocacy, participating in charitable activities, and support of individuals, businesses, entrepreneurs, and economic transactors.”
Raw XML Appendix137 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | DULUTH ACCOUNTING AND TAX SERVICES |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2185912059 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4897 MILLER TRUNK HWY |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | DULUTH |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55811 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 133361 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 91508 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 37339 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -153997 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 133361 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 91508 |
| IRS990EZ/GrossReceiptsAmt | 0 | 39357 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2018 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 86187 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -67810 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 86187 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -67810 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TERESE TOMANEK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MATT BAUMGARTNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RENEE MATTSON BURNS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JON BIRKELAND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | DANIEL FANNING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | EXECUTIVE DI |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 35584 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED FOR PURPOSES OF SUPPORTING THE WORK AND MISSION OF THE CHAMBER AND STRIVES TO IMPROVE ECONOMIC OPPORTUNITIES, EQUITY, AND IMPROVED QUALITY OF LIFE THROUGH RESEARCH, EDUCATION, ADVOCACY, PARTICIPATING IN CHARITABLE ACTIVITIES, AND SUPPORT OF INDIVIDUALS, BUSINESSES, ENTREPRENEURS, AND ECONOMIC TRANSACTORS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED FOR PURPOSES OF SUPPORTING THE WORK AND MISSION OF THE CHAMBER AND STRIVES TO IMPROVE ECONOMIC OPPORTUNITIES, EQUITY, AND IMPROVED QUALITY OF LIFE THROUGH RESEARCH, EDUCATION, ADVOCACY, PARTICIPATING IN CHARITABLE ACTIVITIES, AND SUPPORT OF INDIVIDUALS, BUSINESSES, ENTREPRENEURS, AND ECONOMIC TRANSACTORS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 171294 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 157770 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 47174 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 159318 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 193354 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 171294 |
| IRS990EZ/TotalRevenueAmt | 0 | 39357 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 37339 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 133303 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 170642 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 2018 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 58 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 2076 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.98800 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99960 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 170642 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 37339 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 133303 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 170642 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 172718 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE 5,463 TRAVEL 1,066 BANK FEES 10 PROGRAM EXPENSES 28,235 REGISTRATION FEE 810 TOTAL 35,584 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DUE TO CHAMBER 47,174 159,318 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED FOR PURPOSES OF SUPPORTING THE WORK AND MISSION OF THE CHAMBER AND STRIVES TO IMPROVE ECONOMIC OPPORTUNITIES, EQUITY, AND IMPROVED QUALITY OF LIFE THROUGH RESEARCH, EDUCATION, ADVOCACY, PARTICIPATING IN CHARITABLE ACTIVITIES, AND SUPPORT OF INDIVIDUALS, BUSINESSES, ENTREPRENEURS, AND ECONOMIC TRANSACTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED FOR PURPOSES OF SUPPORTING THE WORK AND MISSION OF THE CHAMBER AND STRIVES TO IMPROVE ECONOMIC OPPORTUNITIES, EQUITY, AND IMPROVED QUALITY OF LIFE THROUGH RESEARCH, EDUCATION, ADVOCACY, PARTICIPATING IN CHARITABLE ACTIVITIES, AND SUPPORT OF INDIVIDUALS, BUSINESSES, ENTREPRENEURS, AND ECONOMIC TRANSACTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2024-08-08 14:25:15Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DANIEL FANNING |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2187225501 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-06-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DULUTH AREA CHAMBER FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DULU |
| ReturnHeader/Filer/EIN | 0 | 882181306 |
| ReturnHeader/Filer/PhoneNum | 0 | 2187225501 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5 WEST 1ST STREET RM/STE 101 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | DULUTH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55802 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 411806729 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LICARI LARSEN AND COMPANY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 130 W SUPERIOR ST STE 712 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DULUTH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55802 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2187222226 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-09-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NICHOLAS S LICARI CPA |
| ReturnHeader/ReturnTs | 0 | 2024-09-09T13:10:12-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $91,508
- Liabilities
- $159,318
- Net assets
- -$67,810
- Revenue
- $39,357
- Expenses
- $193,354
- Net income
- -$153,997
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $1.13 | $0.18 | $0.95 | $2.76 | $1.14 | $1.63 |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.92 | $1.59 | $0.68 | $0.39 | $1.93 | $1.54 |
| 2022Detailed filing. Detailed filing data is available for this year. | $1.33 | $0.47 | $0.86 | $1.33 | $0.47 | $0.86 |