Elk River Area Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363296429 ✦ Elk river, MN ✦ Designated as a 501(c)(6)

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Overview

What is Elk River Area Chamber Of Commerce?

The Elk River Area Chamber of Commerce is a thriving trade and professional association situated in Elk River, Minnesota. Its primary objective is to foster both economic growth and community development. This nonprofit organization is dedicated to promoting a prosperous local economy and enhancing the overall wellbeing of the community it serves.


Official website here: www.elkriverchamber.org

Is Elk River Area Chamber Of Commerce legitimate?

Elk River Area Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Elk River Area Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $84,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,292

For more financial information, click here


Official website here: www.elkriverchamber.org

What is the mission statement of Elk River Area Chamber Of Commerce?

The Elk River Area Chamber of Commerce serves as a trade or professional association, with its primary mission centered around economic and community development. By pursuing this goal, the organization aims to contribute positively to its community's overall wellbeing and growth. The chamber's activities are geared towards fostering a thriving economic environment, thereby promoting the prosperity of local businesses and the community as a whole.


Official website here: www.elkriverchamber.org

What is the revenue of Elk River Area Chamber Of Commerce?

Elk River Area Chamber Of Commerce's revenue in 2024 was $243,717.


Official website here: www.elkriverchamber.org

Who are the executives of Elk River Area Chamber Of Commerce and what are their salaries?

The average compensation at Elk River Area Chamber Of Commerce during 2024 was $67,927. There are 2 employees and 87 volunteers at Elk River Area Chamber Of Commerce.

Here are 16 key members and their salaries:


Deborah Rydberg (Executive Director)
  • Compensation: $84,562
  • Related: $0
  • Other: $0
Nicole Novotny (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Collyard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Fermoyle (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Nelson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Houlton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Collins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Jendro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christie Stang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn Nathe-Specht (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Roux (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Black (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Hardin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Bohnsack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.elkriverchamber.org

Where can I find the form 990 for Elk River Area Chamber Of Commerce?

Elk River Area Chamber Of Commerce's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.elkriverchamber.org

Learn more at the official website: www.elkriverchamber.org

Mission Statement of Elk River Area Chamber Of Commerce

The Elk River Area Chamber of Commerce, as a trade or professional association, is dedicated to promoting economic and community development. This nonprofit organization strives to foster a thriving and prosperous environment, working towards the betterment of its community at large. Its mission is centered around the improvement of the local economy, aiming to create opportunities and drive growth within the community.

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Impact




October, 2024

The Elk River Area Chamber of Commerce plays a crucial role in fostering economic and community development in Elk River, Minnesota. By supporting local businesses and promoting trade, the Chamber helps to enhance the economic landscape of the area, creating a vibrant marketplace that benefits both entrepreneurs and residents.

Through various initiatives, the Chamber focuses on improving community cohesion and quality of life. By organizing events, networking opportunities, and professional development programs, it facilitates connections among local businesses and stakeholders. This collaboration leads to a stronger local economy and encourages community engagement.

Moreover, the Chamber actively champions community improvement projects, making Elk River a more attractive place to live, work, and visit. Its dedication to economic prosperity and community well-being significantly impacts residents' livelihoods and the overall health of the Elk River area.




This information is meant to be a general summary of Elk River Area Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$243,717 (2024)
Expenses
$239,534 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $7,445
  • Program Service Revenue: $10,860
  • Gross Receipts: $329,823

Assets and Liabilities:

  • Total Assets: $305,261
  • Total Liabilities: $97,302
  • Net Assets: $207,959

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BUSINESS DIRECTORY

Revenue

$8,475

EDUCATION

Revenue

$30

LEADERSHIP TRAINING

Revenue

$2,355

Organization Details

Principal Officer

Deborah Rydberg

NTEE Category

Code: S41 - Community improvement

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