Nonprofit · EIN 51-0456882
LAURENTIAN CHAMBER OF COMMERCE
Tax-exempt · VIRGINIA, MN 55792
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $258,002 | $232,709 | $25,293 | $205,239 | $7,354 | $197,885 |
| December 31, 2023 | 990 | $196,974 | $198,693 | -$1,719 | $181,264 | $8,672 | $172,592 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $145,261
- of which government grants
- $5,000
- Membership dues
- $140,261
- Program service revenue
- $0
- Investment income
- $200
- Net income from fundraising events
- $104,046
- Other revenue
- $112,541
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $91,914
- Other salaries and wages
- $45,624
- Salaries, compensation and benefits (total)
- $149,759
- Professional fundraising fees
- $0
- Accounting fees
- $5,496
- Occupancy
- $27,440
- Travel
- $1,787
- Depreciation
- $2,400
Balance sheet and other
- Total assets, start of year
- $181,264
- Total assets, end of year
- $205,239
- Total liabilities, end of year
- $7,354
- Net assets, end of year
- $197,885
- Land, buildings and equipment
- $3,622
- Net assets without donor restrictions
- $197,885
- Gross unrelated business income
- $8,495
- Gross receipts
- $336,958
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2003
- 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 |
|---|---|---|---|
| TERESA APPELWICK | PRESIDENT Key employee | 40 | $91,914 |
| AMY KLIMA | CHAIR Trustee or director, Officer | 1 | $0 |
| NATHAN DAHL | TREASURER Trustee or director, Officer | 1 | $0 |
| BRADLEY GUSTAFSON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JUSTINE HENRY | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SANDY KARNOWSKI | DIRECTOR Trustee or director | 1 | $0 |
| SAM STONE | DIRECTOR Trustee or director | 1 | $0 |
| FRED SEYMOUR | DIRECTOR Trustee or director | 1 | $0 |
| CHAD BUUS | DIRECTOR Trustee or director | 1 | $0 |
| MATT SEPPI | DIRECTOR Trustee or director | 1 | $0 |
| SCITT ZAHORIK | DIRECTOR Trustee or director | 1 | $0 |
| ERIC CLEMENT | DIRECTOR Trustee or director | 1 | $0 |
| MATT UHAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA APPELWICK | PRESIDENT Key employee | 40 | $88,950 |
| NICHOLAS MATHIOWETZ | CHAIR Trustee or director, Officer | 1 | $0 |
| NATHAN DAHL | CHAIR Trustee or director, Officer | 1 | $0 |
| AMY KLIMA | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BRADLEY GUSTAFSON | 2ND VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JON HOEL | TREASURER Trustee or director, Officer | 1 | $0 |
| ARIK FORSMAN | DIRECTOR Trustee or director | 1 | $0 |
| CHAD BUSS | DIRECTOR Trustee or director | 1 | $0 |
| MATT SEPPI JR | DIRECTOR Trustee or director | 1 | $0 |
| ABIGAIL HEJDA | DIRECTOR Trustee or director | 1 | $0 |
| JUSTINE HENRY | DIRECTOR Trustee or director | 1 | $0 |
| SANDY KARNOWSKI | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTY LANG | DIRECTOR Trustee or director | 1 | $0 |
| FRED SEYMOUR | DIRECTOR Trustee or director | 1 | $0 |
| DANA SANDERS | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT ZAHORIK | DIRECTOR Trustee or director | 1 | $0 |
| SAM STONE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5465 MOUNTAIN IRON DR STE 600, VIRGINIA, MN 55792-3377
- In care of
- % COMMERCE
- Principal officer (990 for 2024)
- TERESA APPELWICK, 5465 MOUNTAIN IRON DRIVE SUITE 600, VIRGINIA, MN 55792
- Signed the 990
- TERESA APPELWICK, PRESIDENT
- Phone
- (218) 741-2717
- Return prepared by
- FORT & COMPANY PA
Mission
BUSINESS PROMOTION
Program accomplishments
- PROMOTE BUSINESS THROUGH EDUCATION AND ADVOCACY TO ADVANCE THE PROSPERITY OF THE REGION.
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
- 51-0456882
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $205,239
- Income (IRS master file)
- $336,958
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $258,002 | $232,709 | $205,239 | XML |
| 990 | December 2023 | $196,974 | $198,693 | $181,264 | XML |
| 990 | December 2022 | $174,458 | $214,290 | $183,667 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 51-0456882).
Questions about LAURENTIAN CHAMBER OF COMMERCE
- What is the EIN of LAURENTIAN CHAMBER OF COMMERCE?
- The employer identification number (EIN) of LAURENTIAN CHAMBER OF COMMERCE is 51-0456882.
- Is LAURENTIAN CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2006.
- Are donations to LAURENTIAN CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAURENTIAN 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 LAURENTIAN 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 LAURENTIAN 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 LAURENTIAN CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names TERESA APPELWICK.
- Who are the officers and directors of LAURENTIAN CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $91,914 (TERESA APPELWICK, PRESIDENT).
- How much revenue does LAURENTIAN CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $258,002, expenses of $232,709 and total assets of $205,239 at year end.
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All nonprofits in VIRGINIA · Minnesota · Community improvement and capacity building