Laurentian Chamber Of Commerce
EIN: 510456882 · Virginia, MN · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $337K |
| Total Expenses | $199K |
| Net Assets | $173K |
Is Laurentian Chamber Of Commerce Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Laurentian Chamber Of Commerce
Laurentian Chamber Of Commerce (EIN: 510456882) is a nonprofit organization based in Virginia, MN, classified under NTEE code S41. The organization reported total revenue of $337K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurentian Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurentian Chamber Of Commerce is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $199K |
| Surplus / Deficit | $-1,719 |
| Total Assets | $181K |
| Total Liabilities | $9K |
| Net Assets | $173K |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2023, Laurentian Chamber Of Commerce reported a deficit of $2K with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Laurentian Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | -7.3% | -1.3% |
| 2022 | -19.6% | +21.6% | -27.8% |
| 2021 | +10.6% | +1.0% | -8.3% |
| 2020 | +5.9% | +10.1% | +3.5% |
| 2019 | -2.8% | +4.2% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Laurentian Chamber Of Commerce has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Laurentian Chamber Of Commerce with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Frequently Asked Questions about Laurentian Chamber Of Commerce
Is Laurentian Chamber Of Commerce a legitimate charity?
Based on AI analysis of IRS 990 filings, Laurentian Chamber Of Commerce (EIN: 510456882) insufficient data. 0 red flags identified, 0 strengths noted.
How does Laurentian Chamber Of Commerce spend its money?
Detailed spending breakdown data is not yet available for Laurentian Chamber Of Commerce. Check back for updated IRS 990 analysis.
Are donations to Laurentian Chamber Of Commerce tax-deductible?
Laurentian Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 510456882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Laurentian Chamber Of Commerce located?
Laurentian Chamber Of Commerce is headquartered in Virginia, Minnesota and files with the IRS under EIN 510456882. It is classified under NTEE code S41.
How many years of IRS 990 filings does Laurentian Chamber Of Commerce have?
Laurentian Chamber Of Commerce has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $337K in total revenue.
Filing History
IRS 990 filing history for Laurentian Chamber Of Commerce showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Laurentian Chamber Of Commerce's revenue has grown by 28.9%, moving from $153K to $197K. Total assets increased by 75.8% over the same period, from $103K to $181K. Total functional expenses rose by 23.4%, from $161K to $199K. In its most recent filing year (2023), Laurentian Chamber Of Commerce reported a deficit of $2K, with expenses exceeding revenue. The organization holds $9K in liabilities against $181K in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $173K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $199K | $181K | $9K | — | — |
| 2022 | $174K | $214K | $184K | $9K | — | View 990 |
| 2021 | $217K | $176K | $255K | $40K | — | View 990 |
| 2020 | $196K | $174K | $277K | $104K | — | — |
| 2019 | $185K | $158K | $268K | $116K | — | — |
| 2018 | $190K | $152K | $253K | $127K | — | View 990 |
| 2017 | $124K | $124K | $189K | $103K | — | — |
| 2016 | $141K | $145K | $204K | $117K | — | View 990 |
| 2015 | $147K | $120K | $167K | $76K | — | View 990 |
| 2014 | $144K | $129K | $163K | $100K | — | View 990 |
| 2013 | $156K | $154K | $161K | $112K | — | View 990 |
| 2012 | $145K | $148K | $104K | $62K | — | View 990 |
| 2011 | $150K | $160K | $82K | $36K | — | View 990 |
| 2010 | $153K | $161K | $103K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $199K, and assets of $181K (revenue +12.9% year-over-year).
- 2022: Revenue of $174K, expenses of $214K, and assets of $184K (revenue -19.6% year-over-year).
- 2021: Revenue of $217K, expenses of $176K, and assets of $255K (revenue +10.6% year-over-year).
- 2020: Revenue of $196K, expenses of $174K, and assets of $277K (revenue +5.9% year-over-year).
- 2019: Revenue of $185K, expenses of $158K, and assets of $268K (revenue -2.8% year-over-year).
- 2018: Revenue of $190K, expenses of $152K, and assets of $253K (revenue +53.0% year-over-year).
- 2017: Revenue of $124K, expenses of $124K, and assets of $189K (revenue -11.9% year-over-year).
- 2016: Revenue of $141K, expenses of $145K, and assets of $204K (revenue -4.2% year-over-year).
- 2015: Revenue of $147K, expenses of $120K, and assets of $167K (revenue +2.6% year-over-year).
- 2014: Revenue of $144K, expenses of $129K, and assets of $163K (revenue -7.8% year-over-year).
- 2013: Revenue of $156K, expenses of $154K, and assets of $161K (revenue +7.6% year-over-year).
- 2012: Revenue of $145K, expenses of $148K, and assets of $104K (revenue -3.2% year-over-year).
- 2011: Revenue of $150K, expenses of $160K, and assets of $82K (revenue -2.0% year-over-year).
- 2010: Revenue of $153K, expenses of $161K, and assets of $103K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurentian Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Laurentian Chamber Of Commerce is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.