Nonprofit · EIN 41-1646487
HAM LAKE CHAMBER OF COMMERCE
Tax-exempt · HAM LAKE, MN 55304
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,148 | $70,683 | -$56,535 | $152,377 | $4,419 | $147,958 |
| December 31, 2023 | 990 | $39,972 | $73,741 | -$33,769 | $211,322 | $6,829 | $204,493 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $32,548
- Program service revenue
- $41,368
- Investment income
- $1,448
- Net income from fundraising events
- -$6,779
- Net income from gaming
- -$54,437
- Other revenue
- -$61,216
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $37,839
- Salaries, compensation and benefits (total)
- $38,789
- Professional fundraising fees
- $0
- Accounting fees
- $2,496
- Occupancy
- $1,245
- Travel
- $1,064
- Program services (functional)
- $43,748
- Management and general (functional)
- $26,935
Balance sheet and other
- Total assets, start of year
- $211,322
- Total assets, end of year
- $152,377
- Total liabilities, end of year
- $4,419
- Net assets, end of year
- $147,958
- Net assets without donor restrictions
- $147,958
- Gross unrelated business income
- -$56,452
- Gross receipts
- $8,847,315
- Employees
- 24
- Volunteers
- 14
- Year formed
- 1982
- 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 |
|---|---|---|---|
| Tim Sofie | Chair Trustee or director, Officer | 3 | $0 |
| Tyler Messerole | Director Trustee or director | 1 | $0 |
| Nancy Braastad | Secretary/Treasurer Trustee or director, Officer | 1.5 | $0 |
| Theresa DeGeest | Vice-Chair Trustee or director, Officer | 1.5 | $0 |
| William Israelson | Director Trustee or director | 1 | $0 |
| Danielle Hedberg | Director Trustee or director | 1 | $0 |
| Shana Schmitz | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Sofie | Chair Trustee or director, Officer | 3 | $0 |
| Tyler Messerole | Director Trustee or director | 1 | $0 |
| Nancy Braastad | Secretary/Treasurer Trustee or director, Officer | 1.5 | $0 |
| Theresa DeGeest | Vice-Chair Trustee or director, Officer | 1.5 | $0 |
| William Israelson | Director Trustee or director | 1 | $0 |
| Danielle Hedberg | Director Trustee or director | 1 | $0 |
| Kim Brown Goodwin | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 15544 CENTRAL AVE NE, HAM LAKE, MN 55304-5609
- Principal officer (990 for 2024)
- Tim Sofie, 15544 CENTRAL AVENUE NE, HAM LAKE, MN 55304
- Signed the 990
- Tim Sofie, President
- Phone
- (763) 434-3011
- Website
- www.hamlakeareacc.org
- Return prepared by
- Sannerud Savarese & Assoc PA
Mission
The Ham Lake Chamber of Commerce represents, supports and advocates for the individual and collective needs of businesses in the Ham Lake area, existing to:*Provide a unified and consistent voice to promote the interests of businesses in all forums. *Serve as a resource for information and services which contribute to business' abilities to manage, grow and prosper.*Plan, develop and enhance opportunities for economic growth and vitality through partnership with governmental agencies and the local community.
Program accomplishments
- Connected business, industry and professional individuals to improve the local economy and build a more vibrant, prosperous community. Provided opportunity for local businesses to hear business and community speakers share their expertise on ways to keep their business at its competitive best. Promoted business members through the local newspaper and on the chamber website. Continued to plan, develop and enhance opportunities for economic growth and vitality and served as a resource for the business community.Expenses $43,748 · grants $3,947 · revenue $41,368
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
- 41-1646487
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $152,377
- Income (IRS master file)
- $8,847,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,148 | $70,683 | $152,377 | XML |
| 990 | December 2023 | $39,972 | $73,741 | $211,322 | XML |
| 990 | December 2022 | $45,269 | $57,088 | $245,138 | 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 41-1646487).
Questions about HAM LAKE CHAMBER OF COMMERCE
- What is the EIN of HAM LAKE CHAMBER OF COMMERCE?
- The employer identification number (EIN) of HAM LAKE CHAMBER OF COMMERCE is 41-1646487.
- Is HAM LAKE CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2015.
- Are donations to HAM LAKE CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HAM LAKE 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 HAM LAKE 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 HAM LAKE 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 HAM LAKE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names Tim Sofie.
- Who are the officers and directors of HAM LAKE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HAM LAKE CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,148, expenses of $70,683 and total assets of $152,377 at year end.
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