Nonprofit · EIN 36-3319497
OWATONNA AREA CHAMBER FOUNDATION
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $407,304 | $205,524 | $201,780 | $821,071 | $0 | $821,071 |
| December 31, 2023 | 990 | $374,223 | $157,590 | $216,633 | $619,291 | $0 | $619,291 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $406,039
- Program service revenue
- $0
- Investment income
- $1,265
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $1,706
- Travel
- $4,006
- Program services (functional)
- $183,087
- Management and general (functional)
- $22,437
Balance sheet and other
- Total assets, start of year
- $619,291
- Total assets, end of year
- $821,071
- Total liabilities, end of year
- $0
- Net assets, end of year
- $821,071
- Net assets without donor restrictions
- $94,557
- Net assets with donor restrictions
- $726,514
- Gross receipts
- $407,304
- Employees
- 0
- Volunteers
- 14
- Year formed
- 1986
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SYD BRIGGS | MEMBER Trustee or director | 1 | $0 |
| NATHAN DOTSON | MEMBER Trustee or director | 1 | $0 |
| RHONDA GUTHIER | MEMBER Trustee or director | 1 | $0 |
| MIKE HERMAN | MEMBER Trustee or director | 1 | $0 |
| GREG KRUEGER | MEMBER Trustee or director | 1 | $0 |
| OSCAR MAZARIEGO | MEMBER Trustee or director | 1 | $0 |
| JULIE M RETHEMEIER | MEMBER Trustee or director | 1 | $0 |
| ANDREW COWELL | TREASURER Officer | 1 | $0 |
| DEB GILLARD | VICE CHAIR Officer | 1 | $0 |
| BRAD MEIER | SECRETARY Officer | 1 | $0 |
| WAYNE STARMAN | CHAIR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY BOOMGARDEN | MEMBER Trustee or director | 1 | $0 |
| SYD BRIGGS | MEMBER Trustee or director | 1 | $0 |
| GREG DKRUEGER | MEMBER Trustee or director | 1 | $0 |
| NATHAN DOTSON | MEMBER Trustee or director | 1 | $0 |
| RHONDA GUTHIER | MEMBER Trustee or director | 1 | $0 |
| MIKE HERMAN | MEMBER Trustee or director | 1 | $0 |
| JULIE M RETHEMEIER | MEMBER Trustee or director | 1 | $0 |
| WAYNE STARMAN | CHAIR Trustee or director | 1 | $0 |
| TODD TROUT | MEMBER Trustee or director | 1 | $0 |
| ANDREW COWELL | TREASURER Officer | 1 | $0 |
| BRAD MEIER | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 120 S OAK AVE, OWATONNA, MN 55060-2944
- Principal officer (990 for 2024)
- WAYNE STARMAN
- Signed the 990
- WAYNE STARMAN, CHAIR
- Phone
- (507) 451-7970
- Return prepared by
- STRUSS CPAS PC
Mission
TO SOLICIT, COLLECT, RECEIVE, ACCUMULATE, ADMINISTER AND DISBURSE FUNDS IN SUCH A MANNER AS WILL IN THE SOLE DISCRETION OF THE BOARD OF DIRECTORS, MOST EFFECTIVELY OPERATE TO FURTHER CHARTITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, TO MAKE CONTRIBUTIONS TO ANY ORGANIZATION DESCRIBED IN 501(C)(3)OF THE INTERNAL REVENUE CODE,WITH THE EXCEPTION OF ORGANIZATIONS TESTING FOR PUBLIC SAFETY.
Program accomplishments
- BEAUTIFY DOWNTOWN OWATONNA.Expenses $20,408 · revenue $15,066
- COMMUNITY LEADERSExpenses $14,001 · revenue $19,865
- PATRIOT SKIESExpenses $25,478 · revenue $16,199
- VARIOUS OTHER PROGRAMS THAT SUPPORT THE ORGANIZATION'S MISSION.Expenses $123,199
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3319497
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $821,071
- Income (IRS master file)
- $407,304
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $407,304 | $205,524 | $821,071 | XML |
| 990 | December 2023 | $374,223 | $157,590 | $619,291 | XML |
| 990 | December 2022 | $317,973 | $108,726 | $402,658 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3319497).
Questions about OWATONNA AREA CHAMBER FOUNDATION
- What is the EIN of OWATONNA AREA CHAMBER FOUNDATION?
- The employer identification number (EIN) of OWATONNA AREA CHAMBER FOUNDATION is 36-3319497.
- Is OWATONNA AREA CHAMBER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to OWATONNA AREA CHAMBER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OWATONNA AREA CHAMBER FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OWATONNA AREA CHAMBER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OWATONNA AREA CHAMBER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OWATONNA AREA CHAMBER FOUNDATION?
- The 990 for the year ended December 31, 2024 names WAYNE STARMAN.
- Who are the officers and directors of OWATONNA AREA CHAMBER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does OWATONNA AREA CHAMBER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $407,304, expenses of $205,524 and total assets of $821,071 at year end.
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