Hibbing Chamber Of Commerce in Hibbing, Minnesota (MN)

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Hibbing Chamber Of Commerce
Employer Identification Number (EIN)410310827
Name of OrganizationHibbing Chamber Of Commerce
In Care of NameCommerce
Address211 E Howard Street, Hibbing, MN 55746-5118
ActivitiesBusiness promotion (chamber of commerce, business league, etc.), Other activity aimed t combating community deterioration, Other school related activities
SubsectionChamber of Commerce
Ruling Date08/1945
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$143,650
Amount of Income$242,740
Form 990 Revenue Amount$242,740


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$256,259
Contributions, Gifts, Grants and Other Similar Amounts$109,436
Program Service Revenue$143,647
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$86
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$1,165
Gross income from fundraising events$1,165
Less: direct expenses$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,925
Statement of Functional Expenses (for 2011)
Total functional expenses$254,067
Compensation of current officers, directors, trustees, and key employees$50,560
Other salaries and wages$53,916
Payroll taxes$7,076
Professional fundraising services$0
Other$142,515
Balance Sheet (for 2011)
Total assets$136,829
Total liabilities$52,135
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$52,135
Total net assets or fund balances$84,694
Retained earnings, endowment, accumulated income, or other funds$84,694
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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