MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY
Pub 78

MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY
Pub 78

St. Paul, MN, US
501(c)(6)
EIN
41-0417210

MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY
Pub 78

St. Paul, MN, US
501(c)(6)
EIN
41-0417210

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024

$7,949,827

Program Services
96%
Investments
2%
Other
2%
Fundraising Events
<1%
Contributions
0%
Government Grants
0%
Membership Dues
0%
Expenses in 2024

$7,849,751

Salaries & Benefits
54%
Other
34%
Offices, Occupancy & IT
5%
Fees to Service Providers
5%
Depreciation
1%
Interest
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$26,150
$30,600
+17%
Program Services
$6,563,561
$7,610,748
+16%
Membership Dues
$0
$0
-
Investments
$134,754
$179,407
+33%
Other
$132,726
$129,072
-3%
Total Revenues
$6,857,191
$7,949,827
+16%
Expenses
2023
2024
Change
Grants
$150,000
$50,000
-67%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,989,464
$4,212,727
+6%
Fees to Service Providers
$269,268
$381,761
+42%
Advertising & Promotion
$21,643
$13,000
-40%
Offices, Occupancy & IT
$432,533
$385,800
-11%
Interest
$38,979
$75,532
+94%
Depreciation
$81,951
$88,764
+8%
Other
$1,568,626
$2,642,167
+68%
Total Expenses
$6,552,464
$7,849,751
+20%
Net income
2023
2024
Change
Net income
+$304,727
+$100,076
-67%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$6,552,464
$7,849,751
+20%
Income Statement
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