EIN 41-0632848

New Ulm Chamber of Commerce

IRS 501(c) type
501(c)(6)
Num. employees
6
Year formed
1944
Most recent tax filings
2023-12-01
NTEE code, primary
Description
New Ulm Chamber of Commerce seeks to promote commerce in New Ulm and its surrounding area. It organizes a home show that attracts 7,500-8,000 people to see products and services offered by local businesses. The show features 125 vendors occupying 154 booths in two arenas. Despite declining retail base, especially downtown, New Ulm Chamber of Commerce focuses on economic development through retail retention and recruitment. It aims to keep dollars spent at participating businesses within the community by offering chamber dollars as certificates for local spending.
Total revenues
$532,865
2023
Total expenses
$500,433
2023
Total assets
$1,218,989
2023
Num. employees
6
2023

Program areas at New Ulm Chamber of Commerce

Tourism- in an effort to expand our tourism base and entice visitors for overnight stays, we advertise using magazines, billboards, trade shows, and fam tours. We also developed several New events. Result- over 50,000 people stay in our city.
Oktoberfest- this festival brought in over 2,000 people to New Ulm, which helps our local businesses including hotels, shops, and restaurants. This event helps support our Chamber activities and educational programs.
Home show- this event brings in 5,000 people to the area to see the products and services of area businesses which is important for continued retail growth, had 77 booths in two arenas.
Economic development/retail targets declining New Ulm retail base, especially downtown. Attention is focused on retail retention and recruitment. Chamber dollars are an effort to keep dollars "at home"- certificates for dollars to be spent at participating Chamber businesses.
Business action team
Willkommen
Christmas
Events: annual meeting, women's event & industry of the year. These events celebrate local businesses, recognize women- over 130 attended to promote individual growth and networking, honor success and business accomplishments.
Crazy days, bavarian blast, other festivals, & nonchamber events bring thousands of people to New Ulm.
Network New Ulm
Special projects
Narren
Leadercast- one day leadership training over 50 people attended
Setting the pace- retreat initiatives

Personnel at New Ulm Chamber of Commerce

NameTitleCompensation
Sarah WarmkaChief Executive Officer$72,100
Jenny EcksteinVice President
Michael Looftsarah WarmkaPast Chief Executive Officer$69,513
Brie TaralsonVice Chair$0
Danielle Fischer MartiChairperson$0
...and 9 more key personnel

Financials for New Ulm Chamber of Commerce

RevenuesFYE 12/2023
Total grants, contributions, etc.$196,155
Program services$318,370
Investment income and dividends$7,773
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$3,120
Net gain from sale of non-inventory assets$0
Net income from fundraising events$7,447
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$532,865

Form 990s for New Ulm Chamber of Commerce

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-03990View PDF
2022-122023-05-15990View PDF
2021-122022-04-28990View PDF
2020-122021-08-11990View PDF
2019-122021-06-07990View PDF
...and 9 more Form 990s
Data update history
August 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 24, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 3 new personnel
May 11, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Trade associationsChambers of commerceBusiness and community development organizations
Issues
Business and industry
Characteristics
MembershipsFundraising eventsState / local level
General information
Address
1 N Minnesota St PO Box 384
New Ulm, MN 56073
Metro area
Mankato, MN
County
Brown County, MN
Website URL
newulm.com/ 
Phone
(507) 233-4300
IRS details
EIN
41-0632848
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1944
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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