Overview
What is Hermantown Chamber Of Commerce Inc?
Hermantown Chamber of Commerce Inc is a nonprofit organization situated in Hermantown, Minnesota. Its primary purpose is to stimulate business growth within the area by engaging in typical chamber of commerce activities, advocating for the city and county, and fostering industrial development. The organization plays a crucial role in promoting the local business sector, thereby contributing to the overall prosperity of Hermantown.
Official website here: www.hermantownchamber.com
Is Hermantown Chamber Of Commerce Inc legitimate?
Hermantown Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hermantown Chamber Of Commerce Inc submitted a form 990EZ, 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: $68,143
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,107
For more financial information, click here
Official website here: www.hermantownchamber.com
What is the mission statement of Hermantown Chamber Of Commerce Inc?
The Hermantown Chamber of Commerce Inc is committed to fostering business expansion in an unspecified location, primarily through the execution of standard chamber of commerce tasks. They also play a significant role in promoting their community and encouraging industrial development. In essence, their mission is geared towards boosting local businesses and enhancing the overall economic growth of the area.
Official website here: www.hermantownchamber.com
What is the revenue of Hermantown Chamber Of Commerce Inc?
Hermantown Chamber Of Commerce Inc's revenue in 2023 was $208,158.
Official website here: www.hermantownchamber.com
Who are the executives of Hermantown Chamber Of Commerce Inc and what are their salaries?
The average compensation at Hermantown Chamber Of Commerce Inc during 2023 was $25,312. There are 4 employees at Hermantown Chamber Of Commerce Inc.
Here are 15 key members and their salaries:
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Official website here: www.hermantownchamber.com
Where can I find the form 990 for Hermantown Chamber Of Commerce Inc?
Hermantown Chamber Of Commerce Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hermantownchamber.com
Learn more at the official website: www.hermantownchamber.com
Mission Statement of Hermantown Chamber Of Commerce Inc
Hermantown Chamber of Commerce Inc is dedicated to fostering business growth in its community. By engaging in typical chamber of commerce activities, promoting the city and county, and advocating for industrial development, this organization aims to contribute positively to the local economy. The Chamber's mission is to serve as a catalyst for business growth, enhancing the overall prosperity of the community.
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Impact
October, 2024
Hermantown Chamber of Commerce Inc plays a vital role in fostering business growth within Hermantown, MN. Their activities are centered around promoting local businesses and ensuring the economic vitality of the region. By engaging in general chamber of commerce activities, they create networking opportunities for businesses, facilitating collaboration and partnerships that can drive innovation and enhance local commerce.
The organization actively promotes the city and county, raising awareness of the area’s strengths and potential. This promotional work not only attracts new businesses and visitors but also supports existing enterprises through various initiatives and resources. Additionally, their commitment to industrial development helps create a more robust economic landscape, leading to job creation and community enhancement.
Through these efforts, the Hermantown Chamber of Commerce Inc contributes significantly to community improvement, driving forward the economic interests of the region and ensuring a vibrant future for Hermantown and its residents.
This information is meant to be a general summary of Hermantown Chamber Of Commerce Inc. 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: $374
- Program Service Revenue: $171,327
- Gross Receipts: $232,551
Assets and Liabilities:
- Total Assets: $57,237
- Total Liabilities: $0
- Net Assets: $57,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$157,481
PROGRAM INCOME
Revenue
$10,429
CONFERENCE ROOM RENTAL
Revenue
$3,417
Organization Details
Principal Officer
Nikki Karnowski
Website
www.hermantownchamber.comNTEE Category
Code: S41 - Community improvement
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