Nonprofit · EIN 41-0639369
OWATONNA AREA CHAMBER OF COMMERCE
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $998,293 | $1,036,137 | -$37,844 | $1,505,378 | $386,040 | $1,119,338 |
| December 31, 2023 | 990 | $1,573,829 | $969,632 | $604,197 | $1,472,159 | $314,977 | $1,157,182 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $400,356
- Membership dues
- $400,356
- Program service revenue
- $584,181
- Investment income
- $13,756
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $108,158
- Other salaries and wages
- $329,889
- Salaries, compensation and benefits (total)
- $540,051
- Professional fundraising fees
- $0
- Accounting fees
- $29,408
- Occupancy
- $42,400
- Travel
- $3,188
- Depreciation
- $23,293
- Program services (functional)
- $835,289
- Management and general (functional)
- $186,335
- Fundraising (functional)
- $14,513
Balance sheet and other
- Total assets, start of year
- $1,472,159
- Total assets, end of year
- $1,505,378
- Total liabilities, end of year
- $386,040
- Net assets, end of year
- $1,119,338
- Land, buildings and equipment
- $741,764
- Net assets without donor restrictions
- $1,119,338
- Gross unrelated business income
- $10,092
- Gross receipts
- $998,293
- Employees
- 8
- Volunteers
- 125
- Year formed
- 1946
- 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 |
|---|---|---|---|
| BRAD MEIER | CEO Officer | 40 | $108,158 |
| KELLY BOOMGARDEN | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON CLIFF | DIRECTOR Trustee or director | 1 | $0 |
| BONNIE COLE | DIRECTOR Trustee or director | 1 | $0 |
| RANDALL DOYAL | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN JENNIGES | DIRECTOR Trustee or director | 1 | $0 |
| JOLENE KUNKEL | DIRECTOR Trustee or director | 1 | $0 |
| LORI LAIR | DIRECTOR Trustee or director | 1 | $0 |
| DOUG MEIER | DIRECTOR Trustee or director | 1 | $0 |
| SAMMY MIRANDA | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MOHS | DIRECTOR Trustee or director | 1 | $0 |
| RICH PETTET | DIRECTOR Trustee or director | 1 | $0 |
| TODD TROUT | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTY TRYHUS | DIRECTOR Trustee or director | 1 | $0 |
| SYD BRIGGS | CHAIR Officer | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEB GILLARD | VICE CHAIR Officer | 1 | $0 |
| MIKE HERMAN | PAST CHAIR Officer | 1 | $0 |
| OSCAR MAZARIEGO | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD MEIER | CEO Officer | 40 | $107,399 |
| KELLY BOOMGARDEN | DIRECTOR Trustee or director | 1 | $0 |
| SHANNON CLIFF | DIRECTOR Trustee or director | 1 | $0 |
| BONNIE COLE | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN DEML | DIRECTOR Trustee or director | 1 | $0 |
| RANDALL DOYAL | DIRECTOR Trustee or director | 1 | $0 |
| DEB GILLARD | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN JENNIGES | DIRECTOR Trustee or director | 1 | $0 |
| JOLENE KUNKEL | DIRECTOR Trustee or director | 1 | $0 |
| DOUG MEIER | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MOHS | DIRECTOR Trustee or director | 1 | $0 |
| TOM PETERSON | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTY TRYHUS | DIRECTOR Trustee or director | 1 | $0 |
| SYD BRIGGS | VICE CHAIR Officer | 1 | $0 |
| MIKE HERMAN | CHAIR Officer | 1 | $0 |
| OSCAR MAZARIEGO | TREASURER Officer | 1 | $0 |
| TODD TROUT | PAST CHAIR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 120 S OAK AVE, OWATONNA, MN 55060-2944
- Principal officer (990 for 2024)
- BRAD MEIER, 320 HOFFMAN DRIVE, OWATONNA, MN 55060
- Signed the 990
- BRAD MEIER, CEO
- Phone
- (507) 451-7970
- Website
- WWW.OWATONNA.ORG
- Return prepared by
- STRUSS CPAS PC
Mission
TO PRODUCE CONTINUING BUSINESS DEVELOPMENT AND TO PROVIDE SERVICES FOR THE COMMUNITY.
Program accomplishments
- TO PROVIDE SERVICES TO BUSINESSES AND INDIVIDUALS IN THE COMMUNITY.Expenses $514,702 · revenue $693,770
- TO PROVIDE ENHANCEMENT OF TOURISM TO THE AREA.Expenses $320,587 · revenue $304,523
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
- 41-0639369
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,505,378
- Income (IRS master file)
- $998,293
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $998,293 | $1,036,137 | $1,505,378 | XML |
| 990 | December 2023 | $1,573,829 | $969,632 | $1,472,159 | XML |
| 990 | December 2022 | $825,985 | $830,371 | $922,191 | 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 41-0639369).
Questions about OWATONNA AREA CHAMBER OF COMMERCE
- What is the EIN of OWATONNA AREA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of OWATONNA AREA CHAMBER OF COMMERCE is 41-0639369.
- Is OWATONNA AREA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1950.
- Are donations to OWATONNA AREA CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OWATONNA AREA CHAMBER OF COMMERCE 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 OF COMMERCE 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 OF COMMERCE 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 OF COMMERCE?
- The 990 for the year ended December 31, 2024 names BRAD MEIER.
- Who are the officers and directors of OWATONNA AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $108,158 (BRAD MEIER, CEO).
- How much revenue does OWATONNA AREA CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $998,293, expenses of $1,036,137 and total assets of $1,505,378 at year end.
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