Algona Area Chamber Of Commerce

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

EIN: 420110045 ✦ Algona, IA ✦ Designated as a 501(c)(6)

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Overview

What is Algona Area Chamber Of Commerce?

Algona Area Chamber of Commerce is a local nonprofit organization situated at 123 E STATE STREET, ALGONA, IA 50511. Their primary goal is to promote Algona's activities and serve as the voice for local businesses. They accomplish this through various initiatives such as Algona Bucks, networking events, and acting as a communication hub for the community. The chamber also offers educational opportunities to its members, fostering local business growth and development. With a team of three dedicated individuals, they strive to advance Algona's economic and social landscape.


Official website here: www.algona.org

Is Algona Area Chamber Of Commerce legitimate?

Algona Area Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Algona 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,177

For more financial information, click here


Official website here: www.algona.org

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

The Algona Chamber of Commerce is committed to advancing local activities, serving as a voice for local businesses, and promoting business growth. They facilitate networking opportunities, offering a communication hub for the community and providing educational opportunities. The chamber also manages the Algona Bucks program, which supports local businesses. In essence, their mission is to boost the local economy, represent business interests, and foster a connected business community through various initiatives.


Official website here: www.algona.org

Who is the CEO of Algona Area Chamber Of Commerce?

Vicki Mallory is the Executive Di of Algona Area Chamber Of Commerce.


Official website here: www.algona.org

What is the revenue of Algona Area Chamber Of Commerce?

Algona Area Chamber Of Commerce's revenue in 2022 was $264,232.


Official website here: www.algona.org

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

The average compensation at Algona Area Chamber Of Commerce during 2022 was $40,726. There are 3 employees at Algona Area Chamber Of Commerce.


Here are 10 key members and their salaries:


Vicki Mallory (Executive Di)
  • Compensation: $78,950
  • Related: $0
  • Other: $0
Joanne Roepke Bode (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Ennen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Goche (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Graf (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Offerman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Rummel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsey Thompson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Vitzthum (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Wirtz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.algona.org

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

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


Official website here: www.algona.org

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

Mission Statement of Algona Area Chamber Of Commerce

The Algona Area Chamber of Commerce is committed to promoting Algona's activities and acting as a strong voice for local businesses. They strive to advance the community's economic growth and development by facilitating networking opportunities that connect local businesses. The Chamber serves as a communication hub, keeping the community informed and providing educational opportunities. Furthermore, they have introduced Algona Bucks, a currency specifically designed to encourage support for local businesses. By doing so, the Algona Area Chamber of Commerce aims to support the growth and success of local businesses, thereby contributing to the overall well-being and progress of the community.

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Impact




October, 2024

The Algona Area Chamber of Commerce plays a crucial role in enhancing the economic and social fabric of Algona by promoting local businesses and facilitating community engagement. Through initiatives like Algona Bucks, the Chamber encourages residents to support local enterprises, boosting the economy and fostering a sense of community pride.

By serving as a voice for local businesses, the Chamber effectively advocates for their interests, ensuring that the unique needs of the Algona business community are represented. This advocacy is essential for creating an environment where businesses can thrive.

Networking opportunities provided by the Chamber facilitate connections among businesses, fostering collaboration and partnerships that enhance the overall business climate. Additionally, the Chamber acts as a communication hub for the community, disseminating important information and updates to residents and businesses alike.

Educational opportunities offered by the Algona Chamber also empower local entrepreneurs and business owners, equipping them with the knowledge and skills necessary for success. Overall, the impact of the Algona Area Chamber of Commerce is profound, as it not only drives economic growth but also strengthens the community's cohesiveness and resilience.




This information is meant to be a general summary of Algona 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
$264,232 (2022)
Expenses
$264,916 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $172
  • Program Service Revenue: $118,560
  • Gross Receipts: $275,310

Assets and Liabilities:

  • Total Assets: $155,709
  • Total Liabilities: $16,968
  • Net Assets: $138,741

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Programs

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

MEMBERSHIP DUES

Revenue

$118,560

Organization Details

Principal Officer

Vicki Mallory

Main Address

123 E STATE STREET, ALGONA, IA, 50511

NTEE Category

Code: S41 - Community improvement

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