Overview
What is Park Rapids Lakes Area Chamber?
The Park Rapids Lakes Area Chamber is a membership-based nonprofit organization situated in Park Rapids, Minnesota. With a staff of five dedicated individuals, their primary mission is to drive excellence and economic growth within the community. They achieve this by fostering a dynamic business environment, encouraging innovation, and working towards establishing Park Rapids as a world-class community. Their activities are primarily funded through membership dues, emphasizing their commitment to the local businesses and community members they serve.
Official website here: www.parkrapids.com
Is Park Rapids Lakes Area Chamber legitimate?
Park Rapids Lakes Area Chamber is a legitimate nonprofit organization registered as a 501(c)(6) entity. Park Rapids Lakes Area Chamber 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: $78,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,618
For more financial information, click here
Official website here: www.parkrapids.com
What is the mission statement of Park Rapids Lakes Area Chamber?
The Park Rapids Lakes Area Chamber strives to involve its members in the pursuit of excellence and economic growth. They achieve this by fostering an innovative business environment and contributing to the development of a world-class community. The organization's primary focus is on creating a conducive atmosphere for businesses to thrive, thereby promoting economic growth. Their activities are geared towards enhancing the overall business environment, aiming to elevate the community to a class of its own. The Chamber serves as a membership organization, with its income and expenses being predominantly related to membership dues.
Official website here: www.parkrapids.com
Who is the CEO of Park Rapids Lakes Area Chamber?
Derek Ricke is the CEO of Park Rapids Lakes Area Chamber The CEO's salary of Park Rapids Lakes Area Chamber is $78,000 and their total compensation is $78,000.
Official website here: www.parkrapids.com
What is the revenue of Park Rapids Lakes Area Chamber?
Park Rapids Lakes Area Chamber's revenue in 2023 was $321,763.
Official website here: www.parkrapids.com
Who are the executives of Park Rapids Lakes Area Chamber and what are their salaries?
The average compensation at Park Rapids Lakes Area Chamber during 2023 was $18,077. There are 8 employees at Park Rapids Lakes Area Chamber.
Here are 12 key members and their salaries (Park Rapids Lakes Area Chamber's CEO's salary is $78,000 and their total compensation is $78,000):
- Compensation: $78,000
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.parkrapids.com
Where can I find the form 990 for Park Rapids Lakes Area Chamber?
Park Rapids Lakes Area Chamber's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parkrapids.com
Learn more at the official website: www.parkrapids.com
Mission Statement of Park Rapids Lakes Area Chamber
Park Rapids Lakes Area Chamber is committed to driving excellence and economic growth within its community. To achieve this, the chamber actively cultivates an innovative business environment. By doing so, the organization aims to foster a world-class community that can thrive and prosper. In essence, the Park Rapids Lakes Area Chamber serves as a catalyst for its members, helping them reach new heights and contribute positively to the overall development of the community.
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Impact
October, 2024
The Park Rapids Lakes Area Chamber significantly impacts the local economy and community by fostering an innovative business environment that encourages excellence and growth. By engaging its members—local businesses and organizations—the Chamber creates a collaborative network that enhances economic development initiatives, supports entrepreneurship, and advocates for the interests of its members. This engagement not only boosts the local economy by promoting business activities but also cultivates a vibrant community atmosphere, making Park Rapids an attractive place for residents and visitors alike. Through its efforts, the Chamber plays a crucial role in community improvement, contributing to a higher quality of life and increased opportunities for economic prosperity.
This information is meant to be a general summary of Park Rapids Lakes Area Chamber. 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 2023.
- Investment Income: $495
- Program Service Revenue: $304,899
- Gross Receipts: $321,763
Assets and Liabilities:
- Total Assets: $289,513
- Total Liabilities: $23,728
- Net Assets: $265,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$102,835
ADVERTISING INCOME
Revenue
$124,723
SPECIAL EVENTS INCOME
Revenue
$65,363
MISCELLANEOUS INCOME
Revenue
$11,801
REIMBURSED EXPENSES
Revenue
$177
Organization Details
Founding Year
1903
Principal Officer
Derek Ricke
Website
www.parkrapids.comNTEE Category
Code: S41 - Community improvement
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