Nonprofit · EIN 41-0902928
LAKEVILLE CHAMBER OF COMMERCE
Tax-exempt · LAKEVILLE, MN 55044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $850,731 | $919,832 | -$69,101 | $853,677 | $216,456 | $637,221 |
| December 31, 2023 | 990 | $784,651 | $794,045 | -$9,394 | $844,561 | $137,485 | $707,076 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $778,875
- Investment income
- $12,032
- Net income from fundraising events
- $57,330
- Other revenue
- $59,824
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $110,095
- Other salaries and wages
- $233,679
- Salaries, compensation and benefits (total)
- $386,924
- Professional fundraising fees
- $0
- Accounting fees
- $28,250
- Occupancy
- $10,404
- Travel
- $5,138
- Depreciation
- $5,782
Balance sheet and other
- Total assets, start of year
- $844,561
- Total assets, end of year
- $853,677
- Total liabilities, end of year
- $216,456
- Net assets, end of year
- $637,221
- Land, buildings and equipment
- $144,700
- Net assets without donor restrictions
- $637,221
- Gross unrelated business income
- $30,311
- Gross receipts
- $892,983
- Employees
- 6
- Volunteers
- 75
- Year formed
- 1948
- 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 | Other / benefits |
|---|---|---|---|---|
| KRISTA JECH | CHAMBER PRES Officer | 40 | $110,095 | $3,219 |
| BRADY FOLKESTAD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MATT SCHAAP | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMY ERKENBRACK | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE UTZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIKE BLANCHARD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEVE ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE FORBORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN KNAPP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALANA KNIEFEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACK PAHL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK REESE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA SCOLES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTA JECH | CHAMBER PRES Officer | 40 | $105,636 | $3,066 |
| MIKE FORBORD | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMY ERKENBRACK | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRADY FOLKESTAD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE UTZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA SCOLES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE BLANCHARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK REESE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JACK PAHL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN KNAPP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT SCHAAP | SECRETARY Trustee or director | 1 | $0 | $0 |
| ALANA KNIEFEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 19950 DODD BLVD, LAKEVILLE, MN 55044-6341
- Principal officer (990 for 2024)
- KRISTA JECH
- Signed the 990
- KRISTA JECH, CHAMBER PRESIDENT
- Phone
- (952) 469-2020
- Website
- WWW.LAKEVILLECHAMBER.ORG
- Return prepared by
- CUMMINGS KEEGAN & CO PLLP
Mission
THE LAKEVILLE AREA CHAMBER OF COMMERCE WILL SERVE AS THE ADVOCATE, RESOURCE AND LEADER FOR ITS MEMBERS AND THE BUSINESS COMMUNITY BY DELIVERING NETWORKING AND MARKETING OPPORTUNITIES, ASSISTING ECONOMIC DEVELOPMENT, PROVIDING MEMBER EDUCATION AND PROMOTING TOURISM.
Program accomplishments
- PROVIDE COMMUNITY SUPPORT AND INFORMATIONAL PROGRAMS AND EVENTS OPEN TO THE PUBLIC TO STIMULATE INTEREST IN COMMUNITY BUSINESS AND AWARENESS. ATTENDED BY APPROXIMATELY 7,000 ANNUALY. THE ORGANIZATION CREATED A MAIL DIRECTORY THAT WENT OUT TO OVER 3,500 PEOPLE.THE COMPANY ALSO CREATED A BUSINESS-TO- BUSINESS RESOURCE MAGAZINE THAT WAS MAILED TO APPROXIMATELY 2,000 BUSINESSES.
- HOST GENERAL MEMBERSHIP SEMINARS AND MEETINGS TO KEEP MEMBER AND INTERESTED CITIZENS INFORMED ON LOCAL, STATE, AND PROFESSIONAL MATTERS AFFECTING THE AREA. APPROXIMATELY 800 PEOPLE ATTEND ANNUALLY. HOST NETWORKING EVENTS AND MARKETING OPPORTUNITIES FOR MEMBERS. APPROXIMATELY 3,000 PEOPLE ATTEND ANNUALLY.
- LAKEVILLE WORKS - A PROGRAM TO ADDRESS THE SKILLED LABOR WORKFORCE SHORTAGE IN LAKEVILLE. A GROUP OF DONORS HAVE GIVEN THE CHAMBER THE ABILITY TO PARTNER WITH THE SCHOOL DISTRICT AND CITY TO CREATE EXPOSURE TO STUDENTS, PARENTS, AND EDUCATORS ABOUT THE OPPORTUNITIES IN THE TRADES HERE IN LAKEVILLE. DONOR DOLLARS HELP TO FUND EQUIPMENT DONATION, MARKETING, SCHOLARSHIPS, WEBSITE DEVELOPMENT, PROFESSIONAL RESOURCES AND MORE. MISSION STATEMENT: TO INCREASE AWARENESS OF IN-DEMAND CAREERS IN OUR COMMUNITY.
- LEADERSHIP LAKEVILLE - THE PURPOSE OF LEADERSHIP LAKEVILLE IS TO CULTIVATE LOCAL SKILLED PROFESSIONALS WHO CAN DRIVE OUR COMMUNITY AND ECONOMIC GROWTH. THESE SESSIONS ENHANCE PARTICIPANTS LEADERSHIP QUALITIES, FOSTER COLLABORATION, ENCOURAGE INNOVATION AND DRIVE EFFECTIVE DECISION-MAKING. IN ACCORDANCE WITH OUR MISSION TO BE THE ADVOCATE, RESOURCE AND LEADER OF THE LAKEVILLE BUSINESS COMMUNITY THE LAKEVILLE CHAMBER OF COMMERCE FACILITATES THIS PROGRAM TO HELP OUR EMPLOYERS NURTURE OUR LOCAL TALENT, INVEST IN OUR FUTURE WORKFORCE AND EMPOWER INDIVIDUALS TO LEAD AND CONTRIBUTE TO THE ECONOMIC AND SOCIAL VITALITY OF THE LAKEVILLE COMMUNITY.
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
- 41-0902928
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $853,677
- Income (IRS master file)
- $892,983
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $850,731 | $919,832 | $853,677 | XML |
| 990 | December 2023 | $784,651 | $794,045 | $844,561 | XML |
| 990 | December 2022 | $800,284 | $705,870 | $858,441 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-0902928).
Questions about LAKEVILLE CHAMBER OF COMMERCE
- What is the EIN of LAKEVILLE CHAMBER OF COMMERCE?
- The employer identification number (EIN) of LAKEVILLE CHAMBER OF COMMERCE is 41-0902928.
- Is LAKEVILLE CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
- Are donations to LAKEVILLE CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKEVILLE 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 LAKEVILLE 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 LAKEVILLE 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 LAKEVILLE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names KRISTA JECH.
- Who are the officers and directors of LAKEVILLE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $110,095 (KRISTA JECH, CHAMBER PRES).
- How much revenue does LAKEVILLE CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $850,731, expenses of $919,832 and total assets of $853,677 at year end.
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