Nonprofit · EIN 41-1632643
HOYT LAKES CHAMBER OF COMMERCE INC
Tax-exempt · HOYT LAKES, MN 55750
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990 | -$9,425 | $2,338 | -$11,763 | $107,197 | $705 | $106,492 |
| May 31, 2025 | 990 | $10,304 | $682 | $9,622 | $119,115 | $860 | $118,255 |
| May 31, 2024 | 990 | $9,562 | $2,263 | $7,299 | $108,633 | $0 | $108,633 |
| May 31, 2023 | 990 | -$217 | $2,404 | -$2,621 | $101,335 | $0 | $101,335 |
Financial details: 990 for the year ended May 31, 2026
Revenue
- Contributions, gifts and grants
- $2,420
- Membership dues
- $490
- Program service revenue
- $0
- Investment income
- $11
- Net income from gaming
- -$11,856
- Other revenue
- -$11,856
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,336
- Management and general (functional)
- $2
Balance sheet and other
- Total assets, start of year
- $119,115
- Total assets, end of year
- $107,197
- Total liabilities, end of year
- $705
- Net assets, end of year
- $106,492
- Gross unrelated business income
- -$24,293
- Gross receipts
- $2,011,686
- Employees
- 2
- Volunteers
- 0
- 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 May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERIE GRAMS | GAMBLING MANAGER Trustee or director | 12 | $14,808 |
| DEBBIE DEPEW | ASST GAMBLING MGR Trustee or director | 6 | $7,392 |
| JAMES KRAMAR | PRESIDENT Officer | 2 | $0 |
| BRIAN RADTKE | VICE PRESIDENT Officer | 1 | $0 |
| CATHERINE BARTHOLOMEW | TREASURER Officer | 1 | $0 |
| NIKKI SWANSON | SECRETARY Officer | 1 | $0 |
990 for the year ended May 31, 2025: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERIE GRAMS | GAMBLING MANAGER Trustee or director | 12 | $14,808 |
| DEBBIE DEPEW | ASST GAMBLING MGR Trustee or director | 6 | $7,392 |
| JAMES KRAMAR | PRESIDENT Officer | 2 | $0 |
| BRIAN RADTKE | VICE PRESIDENT Officer | 1 | $0 |
| CATHERINE BARTHOLOMEW | TREASURER Officer | 1 | $0 |
| SUE SHIMMIN | SECRETARY Officer | 1 | $0 |
990 for the year ended May 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERIE GRAMS | GAMBLING MANAGER Officer | 12 | $14,400 |
| DEBBIE DEPEW | ASST GAMBLING MGR Officer | 6 | $7,200 |
| JAMES KRAMAR | PRESIDENT Officer | 2 | $0 |
| BRIAN RADTKE | VICE PRESIDENT Officer | 1 | $0 |
| CATHERINE BARTHOLOMEW | TREASURER Officer | 1 | $0 |
| SUE SHIMMIN | SECRETARY Officer | 1 | $0 |
990 for the year ended May 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHERIE GRAMS | GAMBLING MANAGER Officer, Key employee | 12 | $14,400 |
| DEBBIE DEPEW | ASST GAMBLING MGR Officer, Key employee | 6 | $7,200 |
| JAMES KRAMAR | PRESIDENT Officer | 2 | $0 |
| BRIAN RADTKE | VICE PRESIDENT Officer | 1 | $0 |
| DONNA STEVENS | VICE PRESIDENT Officer, Former | 1 | $0 |
| CATHERINE BARTHOLOMEW | TREASURER Officer | 1 | $0 |
| SUE SHIMMIN | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 429, HOYT LAKES, MN 55750-0429
- In care of
- % CHERIE GRAMS
- Principal officer (990 for 2025)
- JAMES KRAMAR, 324 KENT, HOYT LAKES, MN 55750
- Signed the 990
- JAMES KRAMAR, PRESIDENT
- Phone
- (218) 225-2787
- Return prepared by
- FORT & COMPANY PA
Mission
MAINTENANCE AND IMPROVEMENT OF BUSINESS CONDITIONS. SUPPORT AREA YOUTH ACTIVITY PROGRAMS. FOR 2025, $110,725 IN DONTATIONS WERE MADE TO THE COMMUNITY AND YOUTH PROGRAMS.
Program accomplishments
- MAINTENANCE AND IMPROVEMENT OF BUSINESS CONDITIONS. SUPPORT AREA YOUTH ACTIVITY PROGRAMS. FOR 2025, $110,725 IN DONATIONS WERE MADE TO THE COMMUNITY AND YOUTH PROGRAMS.
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990 on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1632643
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $107,197
- Income (IRS master file)
- $2,011,686
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2026 | -$9,425 | $2,338 | $107,197 | XML |
| 990 | May 2025 | $10,304 | $682 | $119,115 | XML |
| 990 | May 2024 | $9,562 | $2,263 | $108,633 | XML |
| 990 | May 2023 | -$217 | $2,404 | $101,335 | XML |
| 990 | May 2022 | $58,447 | $14,550 | $103,956 | IRS |
| 990 | May 2021 | – | – | – | 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 41-1632643).
Questions about HOYT LAKES CHAMBER OF COMMERCE INC
- What is the EIN of HOYT LAKES CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of HOYT LAKES CHAMBER OF COMMERCE INC is 41-1632643.
- Is HOYT LAKES CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
- Are donations to HOYT LAKES CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOYT LAKES CHAMBER OF COMMERCE INC 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 HOYT LAKES CHAMBER OF COMMERCE INC due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOYT LAKES CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2026.
- Who is the principal officer of HOYT LAKES CHAMBER OF COMMERCE INC?
- The 990 for the year ended May 31, 2026 names JAMES KRAMAR.
- Who are the officers and directors of HOYT LAKES CHAMBER OF COMMERCE INC?
- The 990 for the year ended May 31, 2026 lists 6 people; 2 received compensation from the organization, the highest $14,808 (CHERIE GRAMS, GAMBLING MANAGER).
- How much revenue does HOYT LAKES CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended May 31, 2026 it reported revenue of -$9,425, expenses of $2,338 and total assets of $107,197 at year end.
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All nonprofits in HOYT LAKES · Minnesota · Community improvement and capacity building