Nonprofit · EIN 41-0823887
LAKE CITY CHAMBER OF COMMERCE
Tax-exempt · LAKE CITY, MN 55041
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $355,568 | $305,803 | $49,765 | $689,116 | $198,545 | $490,571 |
| December 31, 2024 | 990 | $416,728 | $357,145 | $59,583 | $608,773 | $201,638 | $407,135 |
| December 31, 2023 | 990 | $427,300 | $281,884 | $145,416 | $345,053 | $2,608 | $342,445 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $232,574
- Membership dues
- $83,018
- Program service revenue
- $0
- Investment income
- $6,655
- Net income from fundraising events
- $116,339
- Other revenue
- $116,339
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $55,542
- Other salaries and wages
- $40,541
- Salaries, compensation and benefits (total)
- $106,647
- Professional fundraising fees
- $0
- Accounting fees
- $5,580
- Occupancy
- $3,545
- Travel
- $285
- Depreciation
- $3,980
- Program services (functional)
- $305,803
Balance sheet and other
- Total assets, start of year
- $608,773
- Total assets, end of year
- $689,116
- Total liabilities, end of year
- $198,545
- Net assets, end of year
- $490,571
- Land, buildings and equipment
- $249,769
- Net assets without donor restrictions
- $490,571
- Gross receipts
- $574,342
- Employees
- 2
- Year formed
- 1957
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER THOMAS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $55,542 |
| TREVOR NARUM | PRESIDENT Trustee or director, Officer | 5 | $0 |
| NANCY DENZER | PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| COLTON QUADE | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 |
| ANGIE FOSS | DIRECTOR Trustee or director | 2 | $0 |
| DAVE BREITENFIELD | DIRECTOR Trustee or director | 2 | $0 |
| DORIS SCHURHAMMER | DIRECTOR Trustee or director | 2 | $0 |
| WILLY RAUEN | DIRECTOR Trustee or director | 2 | $0 |
| EMILY HAWRYLUK | DIRECTOR Trustee or director | 2 | $0 |
| COLE TOUSIGNANT | DIRECTOR Trustee or director | 2 | $0 |
| JIM SIEWERT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NANCY DENZER | PRESIDENT Trustee or director, Officer | 5 | $0 |
| HEATHER THOMAS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 |
| VICKI KRAGE | PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| TREVOR NARUM | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 |
| JOE WHITE | DIRECTOR Trustee or director | 2 | $0 |
| MARSHA DANIELSON | DIRECTOR Trustee or director | 2 | $0 |
| HEIDI WALKER | DIRECTOR Trustee or director | 2 | $0 |
| ANGIE FOSS | DIRECTOR Trustee or director | 2 | $0 |
| DAVE BREITENFIELD | DIRECTOR Trustee or director | 2 | $0 |
| COLTON QUADE | DIRECTOR Trustee or director | 2 | $0 |
| DORIS SCHURHAMMER | DIRECTOR Trustee or director | 2 | $0 |
| WILLIE RAUEN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH GREENAWALT | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $54,400 |
| VICKI KRAGE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JUSTIN HAWRYLUK | PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| NANCY DENZER | PRESIDENT-ELECT Trustee or director, Officer | 3 | $0 |
| DEB BECKER | DIRECTOR Trustee or director | 2 | $0 |
| MARSHA DANIELSON | DIRECTOR Trustee or director | 2 | $0 |
| HEIDI WALKER | DIRECTOR Trustee or director | 2 | $0 |
| JOE WHITE | DIRECTOR Trustee or director | 2 | $0 |
| ANGIE FOSS | DIRECTOR Trustee or director | 2 | $0 |
| TREVOR NARUM | DIRECTOR Trustee or director | 2 | $0 |
| DAVE BREITENFIELD | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 122 N LAKESHORE DR, LAKE CITY, MN 55041-1549
- Principal officer (990 for 2025)
- HEATHER THOMAS, 122 N LAKESHORE DRIVE, LAKE CITY, MN 55041
- Signed the 990
- HEATHER THOMAS, EXECUTIVE DIRECTOR
- Phone
- (651) 345-4123
- Website
- WWW.LAKECITY.ORG
- Return prepared by
- LA Anderson CPA
Mission
To promote Lake City and the Lake City area for business, industry, economic development and tourism.
Program accomplishments
- PROMOTION OF THE LAKE CITY AREA. VARIOUS PROMOTIONS FESTIVALS ARE RUN. THE AREA IS PROMOTED FOR TOURISM, RETAIL TRADE, INDUSTRY AND ECONOMIC DEVELOPMENT.Expenses $305,803
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 | 990 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
- 41-0823887
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $689,116
- Income (IRS master file)
- $574,342
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $355,568 | $305,803 | $689,116 | XML |
| 990 | December 2024 | $416,728 | $357,145 | $608,773 | XML |
| 990 | December 2023 | $427,300 | $281,884 | $345,053 | XML |
| 990 | December 2022 | $252,975 | $200,210 | $193,575 | 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 41-0823887).
Questions about LAKE CITY CHAMBER OF COMMERCE
- What is the EIN of LAKE CITY CHAMBER OF COMMERCE?
- The employer identification number (EIN) of LAKE CITY CHAMBER OF COMMERCE is 41-0823887.
- Is LAKE CITY CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1944.
- Are donations to LAKE CITY CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE CITY 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 LAKE CITY CHAMBER OF COMMERCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE CITY CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LAKE CITY CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2025 names HEATHER THOMAS.
- Who are the officers and directors of LAKE CITY CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $55,542 (HEATHER THOMAS, EXECUTIVE DIRECTOR).
- How much revenue does LAKE CITY CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $355,568, expenses of $305,803 and total assets of $689,116 at year end.
Other nonprofits in LAKE CITY
- VETERANS OF FOREIGN WARS DEPT OF MINNESOTA EIN 41-0784007 · last filed 990 for 2024
- GREATER LAKE CITY COMMUNITY FOUNDATION EIN 45-5337894 · last filed 990 for 2025
- LAKE CITY FOOD SHELF INC EIN 41-1430175 · last filed 990-EZ for 2025
- LAKE CITY FIRE DEPARTMENT RELIEF ASSOCIATION EIN 51-0187626 · last filed 990 for 2024
- LAKE CITY EDUCATION FOUNDATION EIN 41-1955601 · last filed 990 for 2025
- PETERS MEMORIAL FUND EIN 84-2008394 · last filed 990-EZ for 2024
- LAKE CITY MUSIC BOOSTERS EIN 41-1311328 · last filed 990 for 2025
- LAKE CITY ATHLETIC BOOSTERS CLUB EIN 41-1607515 · last filed 990-PF for 2024