Overview
What is Faribault Chamber Of Commerce?
The Faribault Chamber of Commerce is a nonprofit organization situated in Faribault, Minnesota, specifically at 530 Wilson Ave. Their primary focus lies in promoting the Faribault area, attracting tourists and potential businesses, and fostering a sense of community among local business owners. They achieve this through various committees, where members collaborate to set priorities and establish goals in line with the organization's mission, as defined by their Board of Directors. The organization is led by a team of four dedicated individuals.
Official website here: www.faribaultmn.org
Is Faribault Chamber Of Commerce legitimate?
Faribault Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Faribault 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: $109,392
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,394
For more financial information, click here
Official website here: www.faribaultmn.org
What is the mission statement of Faribault Chamber Of Commerce?
The Faribault Chamber of Commerce's mission is centered around promoting a specific area to tourists and potential businesses. It also aims to foster a sense of community among local business owners. This mission is guided by various committees, where members set priorities and establish goals in alignment with the chamber's overall mission as defined by the board of directors.
Official website here: www.faribaultmn.org
Who is the CEO of Faribault Chamber Of Commerce?
Nort Johnson is the CEO of Faribault Chamber Of Commerce The CEO's salary of Faribault Chamber Of Commerce is $109,391 and their total compensation is $112,850.
Official website here: www.faribaultmn.org
What is the revenue of Faribault Chamber Of Commerce?
Faribault Chamber Of Commerce's revenue in 2022 was $603,258.
Official website here: www.faribaultmn.org
Who are the executives of Faribault Chamber Of Commerce and what are their salaries?
The average compensation at Faribault Chamber Of Commerce during 2022 was $30,757. There are 5 employees and 100 volunteers at Faribault Chamber Of Commerce.
Here are 14 key members and their salaries (Faribault Chamber Of Commerce's CEO's salary is $109,391 and their total compensation is $112,850):
- Compensation: $109,391
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- Other: $3,459
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Official website here: www.faribaultmn.org
Where can I find the form 990 for Faribault Chamber Of Commerce?
Faribault Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faribaultmn.org
Learn more at the official website: www.faribaultmn.org
Mission Statement of Faribault Chamber Of Commerce
The Faribault Chamber of Commerce, as a nonprofit organization, is dedicated to promoting the Faribault area as an attractive destination for tourists and potential businesses. This mission extends to fostering a sense of community among local business owners by bringing them together. The organization's initiatives are guided by member committees, where each committee sets priorities and establishes goals in line with the overall mission, as defined by the Board of Directors. This collective effort aims to contribute positively to the growth and development of the Faribault area, ultimately benefiting both the local businesses and the community at large.
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Impact
October, 2024
The Faribault Chamber of Commerce plays a vital role in enhancing the local economy and community engagement in Faribault, Minnesota. By promoting the Faribault area to tourists and potential businesses, the Chamber helps to attract visitors who contribute to the local economy, boosting sales for local merchants and service providers.
Additionally, the Chamber fosters collaboration among local business owners, serving as a platform for networking and support. Through member committees, local business leaders set priorities and establish goals that align with the Chamber's mission, ensuring that initiatives are relevant and beneficial to the community. This collaborative approach leads to community improvement and strengthens the overall business landscape in Faribault, contributing to a vibrant and thriving environment for residents and visitors alike.
This information is meant to be a general summary of Faribault 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $65
- Program Service Revenue: $222,845
- Gross Receipts: $603,258
Assets and Liabilities:
- Total Assets: $392,255
- Total Liabilities: $36,699
- Net Assets: $355,556
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Income
Revenue
$142,880
Management Fees
Revenue
$63,915
Co-op Income
Revenue
$16,050
Organization Details
Founding Year
1942
Principal Officer
Nort Johnson
Website
www.faribaultmn.orgNTEE Category
Code: S41 - Community improvement
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