Owatonna Area Chamber Foundation
EIN: 363319497 · Owatonna, MN
| Metric | Value |
|---|---|
| Total Revenue | $407K |
| Total Expenses | $158K |
| Net Assets | $619K |
Is Owatonna Area Chamber Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Owatonna Area Chamber Foundation
Owatonna Area Chamber Foundation (EIN: 363319497) is a nonprofit organization based in Owatonna, MN. The organization reported total revenue of $407K and total assets of $821K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Owatonna Area Chamber Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Owatonna Area Chamber Foundation is a small nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $374K |
| Total Expenses | $158K |
| Surplus / Deficit | +$217K |
| Total Assets | $619K |
| Net Assets | $619K |
| Operating Margin | 57.9% |
| Months of Reserves | 47.2 months |
Financial Health Grade: A
In 2023, Owatonna Area Chamber Foundation reported a surplus of $217K with revenue exceeding expenses, holds 47.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Owatonna Area Chamber Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.7% | +44.9% | +53.8% |
| 2022 | -29.3% | -84.6% | +106.4% |
| 2021 | +50.1% | +279.7% | -56.5% |
| 2020 | +1.1% | -43.6% | +33.7% |
| 2019 | -19.7% | +213.7% | -10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Owatonna Area Chamber Foundation 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 Owatonna Area Chamber Foundation 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 surplus of $217K, with revenue exceeding expenses.
Frequently Asked Questions about Owatonna Area Chamber Foundation
Is Owatonna Area Chamber Foundation a legitimate charity?
Owatonna Area Chamber Foundation (EIN: 363319497) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $407K. No red flags identified. Financial health grade: A.
How does Owatonna Area Chamber Foundation spend its money?
Owatonna Area Chamber Foundation reported $407K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Owatonna Area Chamber Foundation tax-deductible?
Owatonna Area Chamber Foundation is registered as a tax-exempt nonprofit (EIN: 363319497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Owatonna Area Chamber Foundation located?
Owatonna Area Chamber Foundation is headquartered in Owatonna, Minnesota and files with the IRS under EIN 363319497.
How many years of IRS 990 filings does Owatonna Area Chamber Foundation have?
Owatonna Area Chamber Foundation 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 $407K in total revenue.
Filing History
IRS 990 filing history for Owatonna Area Chamber Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Owatonna Area Chamber Foundation's revenue has grown by 282.7%, moving from $98K to $374K. Total assets increased by 173.6% over the same period, from $226K to $619K. Total functional expenses fell by 44%, from $281K to $158K. In its most recent filing year (2023), Owatonna Area Chamber Foundation reported a surplus of $217K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $374K | $158K | $619K | $0 | — | — |
| 2022 | $318K | $109K | $403K | $0 | — | View 990 |
| 2021 | $450K | $705K | $195K | $2K | — | View 990 |
| 2020 | $300K | $186K | $449K | $0 | — | — |
| 2019 | $296K | $329K | $336K | $880 | — | View 990 |
| 2018 | $369K | $105K | $375K | $7K | — | View 990 |
| 2017 | $86K | $52K | $107K | $3K | — | View 990 |
| 2016 | $50K | $42K | $69K | $113 | — | View 990 |
| 2015 | $57K | $63K | $61K | $0 | — | View 990 |
| 2014 | $57K | $58K | $67K | $0 | — | View 990 |
| 2013 | $93K | $261K | $68K | $0 | — | View 990 |
| 2012 | $119K | $78K | $236K | $0 | — | View 990 |
| 2011 | $90K | $115K | $197K | $2K | — | View 990 |
| 2010 | $98K | $281K | $226K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $374K, expenses of $158K, and assets of $619K (revenue +17.7% year-over-year).
- 2022: Revenue of $318K, expenses of $109K, and assets of $403K (revenue -29.3% year-over-year).
- 2021: Revenue of $450K, expenses of $705K, and assets of $195K (revenue +50.1% year-over-year).
- 2020: Revenue of $300K, expenses of $186K, and assets of $449K (revenue +1.1% year-over-year).
- 2019: Revenue of $296K, expenses of $329K, and assets of $336K (revenue -19.7% year-over-year).
- 2018: Revenue of $369K, expenses of $105K, and assets of $375K (revenue +327.0% year-over-year).
- 2017: Revenue of $86K, expenses of $52K, and assets of $107K (revenue +71.4% year-over-year).
- 2016: Revenue of $50K, expenses of $42K, and assets of $69K (revenue -11.0% year-over-year).
- 2015: Revenue of $57K, expenses of $63K, and assets of $61K (revenue -1.4% year-over-year).
- 2014: Revenue of $57K, expenses of $58K, and assets of $67K (revenue -38.0% year-over-year).
- 2013: Revenue of $93K, expenses of $261K, and assets of $68K (revenue -22.0% year-over-year).
- 2012: Revenue of $119K, expenses of $78K, and assets of $236K (revenue +31.5% year-over-year).
- 2011: Revenue of $90K, expenses of $115K, and assets of $197K (revenue -7.6% year-over-year).
- 2010: Revenue of $98K, expenses of $281K, and assets of $226K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Owatonna Area Chamber Foundation:
Data Sources and Methodology
This transparency report for Owatonna Area Chamber Foundation 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.