Fairmont Area Chamber Of Commerce

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

EIN: 410801613 ✦ Fairmont, MN ✦ Designated as a 501(c)(6)

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Overview

What is Fairmont Area Chamber Of Commerce?

The Fairmont Area Chamber of Commerce is a reputable organization situated in Fairmont, Minnesota. Acting as a trade or professional association, its primary role is to serve as a chamber of commerce. This nonprofit is dedicated to fostering a thriving business environment within the community, with a mission to promote and support local businesses and entrepreneurs. The Chamber of Commerce in Fairmont provides a platform for networking, collaboration, and advocacy, thereby contributing to the overall growth and development of the community.


Official website here: www.fairmont.org

Is Fairmont Area Chamber Of Commerce legitimate?

Fairmont Area Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Fairmont 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: $75,906
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,235

For more financial information, click here


Official website here: www.fairmont.org

What is the mission statement of Fairmont Area Chamber Of Commerce?

The Fairmont Area Chamber of Commerce serves as a trade or professional association, acting in the role of a chamber of commerce. Their mission, as an organization, is centered around promoting and fostering a thriving business environment. This involves advocating for and supporting local businesses, ultimately contributing to the overall prosperity of the community. The Chamber of Commerce's activities are geared towards facilitating networking opportunities, providing resources, and advocating on behalf of its member businesses. It is not specified in the provided information about any specific areas of focus or initiatives within this mission statement.


Official website here: www.fairmont.org

Who is the CEO of Fairmont Area Chamber Of Commerce?

Kandi Menne is the Past Preside of Fairmont Area Chamber Of Commerce.


Official website here: www.fairmont.org

What is the revenue of Fairmont Area Chamber Of Commerce?

Fairmont Area Chamber Of Commerce's revenue in 2022 was $328,465.


Official website here: www.fairmont.org

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

The average compensation at Fairmont Area Chamber Of Commerce during 2022 was $14,524. There are 6 employees at Fairmont Area Chamber Of Commerce.


Here are 6 key members and their salaries:


Ned Koppen (Past Preside)
  • Compensation: $53,274
  • Related: $0
  • Other: $0
Kandi Menne (President)
  • Compensation: $22,632
  • Related: $0
  • Other: $0
Aaron Speltz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Evans (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deann Eversman (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Hoye (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fairmont.org

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

Fairmont Area Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fairmont.org

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

Mission Statement of Fairmont Area Chamber Of Commerce

The Fairmont Area Chamber of Commerce, as a trade or professional association, serves as a chamber of commerce in Fairmont. Their mission, in essence, is centered around promoting the well-being and growth of the local business community. They strive to foster a conducive environment for businesses in the area, working tirelessly to ensure the success of their member organizations. The Fairmont Area Chamber of Commerce is dedicated to championing the interests of its members and advocating for policies that support a thriving business environment.

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Impact




October, 2024

The Fairmont Area Chamber of Commerce plays a vital role in fostering a thriving business environment in Fairmont, MN. By serving as a trade and professional association, it promotes local businesses, enhances networking opportunities, and advocates for economic development within the community. Its initiatives help to cultivate a strong sense of community among businesses, encouraging collaboration and resource-sharing.

Moreover, the Chamber acts as a critical liaison between businesses and local government, ensuring that the interests of the business community are represented. Through various programs and events, it supports workforce development and promotes local entrepreneurship, contributing to job creation and economic stability in the region. The Chamber's efforts ultimately enhance the quality of life for Fairmont residents by supporting local commerce and driving community engagement.




This information is meant to be a general summary of Fairmont 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
$328,465 (2022)
Expenses
$273,659 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $355
  • Program Service Revenue: $168,901
  • Gross Receipts: $328,465

Assets and Liabilities:

  • Total Assets: $301,016
  • Total Liabilities: $96,783
  • Net Assets: $204,233

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Programs

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

COMMITTEE

Revenue

$65,483

PROGRAM REVENUE

Revenue

$39,833

OTHER

Revenue

$28,036

PUBLICATION REVENUE

Revenue

$22,819

SPECIAL PROJECT REVENUE

Revenue

$7,197

Organization Details

Founding Year

1926

Principal Officer

Kandi Menne

Main Address

PO BOX 826, FAIRMONT, MN, 56031

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