Valley City Area Chamber Of Commerce

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

EIN: 450118780 ✦ Valley city, ND ✦ Designated as a 501(c)(6)

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Overview

What is Valley City Area Chamber Of Commerce?

The Valley City Area Chamber of Commerce is a locally-focused nonprofit organization situated at 253 Central Ave N STE 101, Valley City, North Dakota (58072). Their primary objective is to enhance the overall well-being and prosperity of the community by fostering both business and cultural activities. To achieve this goal, they administer a Bonus Bucks program. This program involves the sale of gift certificates as Bonus Bucks, which can be redeemed at participating local businesses. This initiative aims to stimulate local retail sales and support local businesses, thereby contributing to the community's economic growth.


Official website here: www.valleycitynd.org/chamber

Is Valley City Area Chamber Of Commerce legitimate?

Valley City Area Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Valley City 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: $67,725
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,539

For more financial information, click here


Official website here: www.valleycitynd.org/chamber

What is the mission statement of Valley City Area Chamber Of Commerce?

The Valley City Area Chamber of Commerce has a mission to enhance the overall well-being and prosperity of a community, in this case, Valley City, through the facilitation of business and cultural activities. This mission is carried out by promoting these activities, with the primary goal of advancing the general welfare of the community. The Chamber achieves this by administering a Bonus Bucks program, which involves selling gift certificates that can be redeemed at local businesses participating in the program. This initiative helps boost local retail sales, thereby contributing to the overall prosperity of the community.


Official website here: www.valleycitynd.org/chamber

Who is the CEO of Valley City Area Chamber Of Commerce?

Penny Wolla is the Event Coordinator of Valley City Area Chamber Of Commerce.


Official website here: www.valleycitynd.org/chamber

What is the revenue of Valley City Area Chamber Of Commerce?

Valley City Area Chamber Of Commerce's revenue in 2023 was $106,499.


Official website here: www.valleycitynd.org/chamber

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

The average compensation at Valley City Area Chamber Of Commerce during 2023 was $21,877. There are 6 employees at Valley City Area Chamber Of Commerce.


Here are 13 key members and their salaries:


Maria Frerich (Event Coordinator)
  • Compensation: $22,652
  • Related: $0
  • Other: $0
Kirk Olson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny Wolla (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aubrey Boyle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Olson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kayla Beilke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Jenrich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Sauter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Pickar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Hochhalter (Director - President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amber Ussatis-Aberle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Jo Taft (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Pecka (Director - Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.valleycitynd.org/chamber

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

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


Official website here: www.valleycitynd.org/chamber

Learn more at the official website: www.valleycitynd.org/chamber

Mission Statement of Valley City Area Chamber Of Commerce

The Valley City Area Chamber of Commerce, a prominent organization, is dedicated to fostering the overall well-being and prosperity of Valley City. This is accomplished through its involvement in both business and cultural activities, as well as promoting these aspects of the community. The chamber's mission is to advance these objectives, working tirelessly to contribute to the city's thriving economic landscape and enrich its cultural landscape.

One of the ways the Valley City Area Chamber of Commerce fulfills its mission is through its Bonus Bucks program. This initiative allows individuals to purchase gift certificates, known as Bonus Bucks, which can be redeemed at participating local businesses. By promoting local retail sales in this manner, the chamber helps to boost the economic vitality of Valley City's businesses. This, in turn, contributes to the overall prosperity of the community.

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Impact




October, 2024

The Valley City Area Chamber of Commerce plays a vital role in enhancing the overall well-being and prosperity of Valley City. By facilitating various business and cultural activities, the Chamber promotes a vibrant local economy and fosters a sense of community. One of its key initiatives, the Bonus Bucks program, encourages residents to shop at local businesses. This program allows individuals to purchase gift certificates, which can then be redeemed at participating local retailers, thereby stimulating retail sales and supporting the community's economic landscape.

The Chamber's commitment to promoting local enterprises not only helps businesses thrive but also enhances the cultural fabric of the area by encouraging community engagement. Through these efforts, the Valley City Area Chamber of Commerce significantly contributes to community improvement, making it an essential organization for fostering growth and unity within the region.




This information is meant to be a general summary of Valley City 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
$106,499 (2023)
Expenses
$155,069 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $435
  • Program Service Revenue: $35,622
  • Gross Receipts: $106,499

Assets and Liabilities:

  • Total Assets: $119,341
  • Total Liabilities: $27,351
  • Net Assets: $91,990

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Programs

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

Program Income

Revenue

$35,622

Organization Details

Founding Year

1958

Principal Officer

Penny Wolla

Main Address

253 Central Ave N STE 101, Valley City, ND, 58072

NTEE Category

Code: S41 - Community improvement

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