Nonprofit · EIN 42-0478075
CLEAR LAKE CHAMBER OF COMMERCE
Tax-exempt · CLEAR LAKE, IA 50428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,049,592 | $913,962 | $135,630 | $1,030,603 | $226,231 | $804,372 |
| December 31, 2023 | 990 | $1,073,418 | $930,331 | $143,087 | $893,210 | $224,468 | $668,742 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $198,393
- Membership dues
- $186,372
- Program service revenue
- $815,562
- Investment income
- $17,269
- Net income from gaming
- $9,635
- Other revenue
- $18,368
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $95,532
- Other salaries and wages
- $234,250
- Salaries, compensation and benefits (total)
- $396,113
- Professional fundraising fees
- $0
- Accounting fees
- $18,691
- Travel
- $12,438
- Depreciation
- $8,458
- Program services (functional)
- $462,114
- Management and general (functional)
- $451,848
Balance sheet and other
- Total assets, start of year
- $893,210
- Total assets, end of year
- $1,030,603
- Total liabilities, end of year
- $226,231
- Net assets, end of year
- $804,372
- Land, buildings and equipment
- $58,021
- Net assets without donor restrictions
- $792,351
- Net assets with donor restrictions
- $12,021
- Gross receipts
- $1,049,657
- Employees
- 7
- Volunteers
- 300
- Year formed
- 1943
- State of legal domicile
- IA
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 |
|---|---|---|---|---|
| Stacy Doughan | CEO Officer | 40 | $95,532 | $2,866 |
| Chris Fischer | Board Member Trustee or director | 0 | $0 | $0 |
| Candi Karsjens | Board Member Trustee or director | 0 | $0 | $0 |
| Denni Sue Erickson | Board Member Trustee or director | 0 | $0 | $0 |
| Kristi Miles | Board Member Trustee or director | 0 | $0 | $0 |
| Robert Barber | Vice Chair Trustee or director, Officer | 0 | $0 | $0 |
| Carrie Shannon | Board Member Trustee or director | 0 | $0 | $0 |
| Amanda Kasten | Vice Chair Trustee or director, Officer | 0 | $0 | $0 |
| Kent Beatty | Board Member Trustee or director | 0 | $0 | $0 |
| Mark Dodd | Chair Elect Trustee or director, Officer | 0 | $0 | $0 |
| Krystal Thoe | Board Member Trustee or director | 0 | $0 | $0 |
| Liz LeFevre | Board Member Trustee or director | 0 | $0 | $0 |
| Austin Pehl | Board Member Trustee or director | 0 | $0 | $0 |
| Aaron Donaldson | Board Member Trustee or director | 0 | $0 | $0 |
| Josh Thompson | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Nielsen | Chair Trustee or director, Officer | 1 | $0 |
| Kent Thoe | Past Chair Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Stacy Doughan | CEO Officer | 40 | $96,459 | $2,757 |
| Denni Sue Erickson | Board Member Trustee or director | 0 | $0 | $0 |
| Kristi Miles | Board Member Trustee or director | 0 | $0 | $0 |
| Robert Barber | Vice Chair Trustee or director, Officer | 0 | $0 | $0 |
| Carrie Shannon | Board Member Trustee or director | 0 | $0 | $0 |
| Amanda Kasten | Board Member Trustee or director | 0 | $0 | $0 |
| Kent Beatty | Board Member Trustee or director | 0 | $0 | $0 |
| Carrie Tysdahl | Past Chair Trustee or director, Officer | 0 | $0 | $0 |
| Mark Dodd | Vice Chair Trustee or director, Officer | 0 | $0 | $0 |
| Krystal Thoe | Board Member Trustee or director | 0 | $0 | $0 |
| Liz LeFevre | Board Member Trustee or director | 0 | $0 | $0 |
| Austin Pehl | Board Member Trustee or director | 0 | $0 | $0 |
| Aaron Donaldson | Board Member Trustee or director | 0 | $0 | $0 |
| Michael Knorr | Board Member Trustee or director | 0 | $0 | $0 |
| Josh Thompson | Board Member Trustee or director | 0 | $0 | $0 |
| Sarah Nielsen | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Kent Thoe | Chair Trustee or director, Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 188, CLEAR LAKE, IA 50428-0188
- In care of
- % CLEAR LAKE AREA CHAMBER OF COMMER
- Principal officer (990 for 2024)
- Stacy Doughan, 205 Main Ave PO Box 188, Clear Lake, IA 50428
- Signed the 990
- Stacy Doughan, CEO
- Phone
- (641) 357-2159
- Website
- www.clearlakeiowa.com
- Return prepared by
- POTTER & BRANT PLC
Mission
The mission of the Clear Lake Area Chamber of Commerce is to serve our membership and provide value through opportunities in networking, advocacy, and business resources.
Program accomplishments
- Tourism - aids the residents in the City of Clear Lake, Iowa (pop. approx. 7,700) through increased conventioneering and tourism.Expenses $202,729
- Triathlon Clear Lake - attracts others to Clear Lake promoting health and fitness.Expenses $56,893
- Fourth of July Celebration - provides cultural benefits to the people of northern Iowa as well as increased trade to the Chamber's members.Expenses $54,449
- Other Projects - various smaller programs implemented by the Chamber which benefit local residents and businesses through increased tourism.Expenses $45,458
- Harvest Festival - promotes downtown Clear Lake tourism, retail, and vendors.Expenses $30,902
- Thursdays on Main - promotes downtown Clear Lake retail and vendors, as well as provides tourism event opportunities.Expenses $24,132
- Christmas/Ornament/Retail - benefits the Clear Lake area by various retail sales as well as supporting tourism with Christmas by the Lake.Expenses $17,359
- Earth Day - promotes community clean up as well as fitness and attention to keeping the local community green.Expenses $13,707
- Golf Tournament - Annual event that helps promote Clear Lake and local networking.Expenses $8,958
- Color the Wind - Annual Clear Lake kite flying festival event.Expenses $7,526
- Rubber Wheel Trolley - provides low-cost transportation to tourists.
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
- 42-0478075
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1951
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,030,603
- Income (IRS master file)
- $1,049,657
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,049,592 | $913,962 | $1,030,603 | XML |
| 990 | December 2023 | $1,073,418 | $930,331 | $893,210 | XML |
| 990 | December 2022 | $908,452 | $822,815 | $744,489 | 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 42-0478075).
Questions about CLEAR LAKE CHAMBER OF COMMERCE
- What is the EIN of CLEAR LAKE CHAMBER OF COMMERCE?
- The employer identification number (EIN) of CLEAR LAKE CHAMBER OF COMMERCE is 42-0478075.
- Is CLEAR LAKE CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1951.
- Are donations to CLEAR LAKE CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CLEAR 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 CLEAR 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 CLEAR 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 CLEAR LAKE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names Stacy Doughan.
- Who are the officers and directors of CLEAR LAKE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $95,532 (Stacy Doughan, CEO).
- How much revenue does CLEAR LAKE CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,049,592, expenses of $913,962 and total assets of $1,030,603 at year end.
Other nonprofits in CLEAR LAKE
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- NORTH IOWA CULTURAL CENTER AND MUSEUM EIN 26-1160215 · last filed 990 for 2024
- J D NELSON AND DEBRA NELSON CHARITABLE FOUNDATION EIN 87-3928548 · last filed 990-PF for 2024
- ONE VISION CHARITABLE FOUNDATION EIN 81-4838453 · last filed 990 for 2025
- CLEAR LAKE DEVELOPMENT FOUNDATION EIN 42-1082749 · last filed 990 for 2024
- CLEAR LAKE PUBLIC LIBRARY FOUNDATION EIN 42-1206004 · last filed 990 for 2025