Edina Chamber Of Commerce

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

EIN: 411751952 ✦ Edina, MN ✦ Designated as a 501(c)(6)

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Overview

What is Edina Chamber Of Commerce?

The Edina Chamber of Commerce is a thriving nonprofit organization situated in Edina, Minnesota. With a modest team of three employees, its primary mission is to foster a strong connection between local business leaders and promote the community of Edina. The Chamber actively works towards this goal by bringing together its members, aiming to enhance the overall reputation and success of the city's commercial landscape.


Official website here: www.edinachamber.com

Is Edina Chamber Of Commerce legitimate?

Edina Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Edina 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: $142,559
Professional Fundraising Fees: $0
Other Salaries and Wages: $308,270

For more financial information, click here


Official website here: www.edinachamber.com

What is the mission statement of Edina Chamber Of Commerce?

The Edina Chamber of Commerce's primary mission is centered around uniting business leaders within a specific community. Their main objective is to advocate for and promote this community, with a particular focus on its businesses. They accomplish this by regularly convening their members to foster a collaborative environment. By doing so, they aim to enhance the overall reputation and prosperity of the community's business sector.


Official website here: www.edinachamber.com

What is the revenue of Edina Chamber Of Commerce?

Edina Chamber Of Commerce's revenue in 2023 was $1,242,856.


Official website here: www.edinachamber.com

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

The average compensation at Edina Chamber Of Commerce during 2023 was $150,276. There are 3 employees and 30 volunteers at Edina Chamber Of Commerce.

Here are 12 key members and their salaries:


Heidi Stinson (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Mooty (Immediate Past Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Abdo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Jessen (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Hutchison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Abramson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Neal (At Large Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Hovland (At Large Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacie Stanley (At Large Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelly Loberg (President)
  • Compensation: $90,712
  • Related: $0
  • Other: $3,600


Official website here: www.edinachamber.com

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

Edina Chamber Of Commerce's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.edinachamber.com

Learn more at the official website: www.edinachamber.com

Mission Statement of Edina Chamber Of Commerce

The Edina Chamber of Commerce, as a nonprofit organization, is designed to unite influential business leaders within the community of Edina. Its primary mission is to champion the promotion of the city and its businesses, working tirelessly to enhance their visibility and growth. By bringing together its members, the Chamber fosters a sense of unity and collaboration, aiming to elevate Edina and its businesses to greater heights.

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Impact




October, 2024

The Edina Chamber of Commerce plays a vital role in fostering economic growth and community engagement in Edina, Minnesota. By bringing together local business leaders, the Chamber creates a collaborative environment that promotes the community and its businesses effectively. Regular meetings and networking events facilitate connections among members, encouraging partnerships and sharing of resources that benefit the local economy.

Through various initiatives, the Chamber helps to enhance the visibility of Edina’s businesses, driving customer engagement and attracting new investments. Its focus on community improvement ensures that the interests of local businesses align with the needs of the residents, creating a thriving economic ecosystem. The Chamber's efforts contribute to building a robust business environment, supporting both current enterprises and encouraging potential newcomers, ultimately leading to a more vibrant Edina.




This information is meant to be a general summary of Edina 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
$1,242,856 (2023)
Expenses
$1,046,983 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,532
  • Program Service Revenue: $286,254
  • Gross Receipts: $1,281,163

Assets and Liabilities:

  • Total Assets: $337,971
  • Total Liabilities: $31,297
  • Net Assets: $306,674

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Programs

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

Arts Festival

Revenue

$149,892

Membership Dues & Asse

Revenue

$84,987

Monthly Meetings

Revenue

$39,375

BIG Program Fees

Revenue

$12,000

Organization Details

Founding Year

1993

Principal Officer

Jack Abdo

NTEE Category

Code: S41 - Community improvement

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