Nonprofit · EIN 41-0859790
FOREST LAKE AREA CHAMBER OF COMMERCE
Tax-exempt · FOREST LAKE, MN 55025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $205,602 | $190,759 | $14,843 | $175,342 | $67,119 | $108,223 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $23,772
- of which government grants
- $22,500
- Program service revenue
- $133,766
- Investment income
- $5,343
- Net income from fundraising events
- $42,721
- Other revenue
- $42,721
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $104,108
- Salaries, compensation and benefits (total)
- $112,246
- Professional fundraising fees
- $0
- Accounting fees
- $8,550
- Occupancy
- $9,994
- Program services (functional)
- $73,968
- Management and general (functional)
- $61,427
- Fundraising (functional)
- $55,364
Balance sheet and other
- Total assets, start of year
- $151,789
- Total assets, end of year
- $175,342
- Total liabilities, end of year
- $67,119
- Net assets, end of year
- $108,223
- Gross receipts
- $234,170
- Employees
- 2
- 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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE BOHNSACK | DIRECTOR Trustee or director | – | $0 |
| CC CLARK | DIRECTOR Trustee or director | – | $0 |
| ROB COLLINS | DIRECTOR Trustee or director | – | $0 |
| PETER FOLLESE | DIRECTOR Trustee or director | – | $0 |
| MARISSA GOTSCH | DIRECTOR Trustee or director | – | $0 |
| SAMANTHA JEAN | DIRECTOR Trustee or director | – | $0 |
| NEAL PETERSON | DIRECTOR Trustee or director | – | $0 |
| KARL AMLIE | PAST CHAIR Officer | – | $0 |
| LEIF ERICKSON | CHAIR Officer | – | $0 |
| MAIJA NORWOOD | TREASURER Officer | – | $0 |
| SHAVAUGHN ROBERTS | CHAIR ELECT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 838 LAKE ST S, FOREST LAKE, MN 55025-2614
- Principal officer (990 for 2023)
- NANNETTE M LANASA, PO BOX 474, FOREST LAKE, MN 55025
- Signed the 990
- NANNETTE M LANASA, EXECUTIVE DIRECTOR
- Phone
- (651) 464-3200
- Website
- WWW.FLACC.ORG
- Return prepared by
- WENDY RYCHLEY CHARTERED
Mission
BUSINESSES WORKING TOGETHER TO ADVANCE THE ECONOMIC WELLBEING OF ITS MEMBERS
Program accomplishments
- ORGANIZE AND PROVIDE INFORMATIVE AND MOTIVATIONAL PROGRAMMING; MEMBERS GATHER TO NETWORK, EXCHANGE IDEAS AND GATHER INFORMATION ABOUT COMMUNITY AND BUSINESS CLIMATE. 215 MEMBERS BENEFIT
- ORGANIZE ANNUAL EVENT TO BRING TOGETHER CHAMBER MEMBERS, LOCAL PUBLIC SCHOOL ADMINISTRATORS & EDUCATORS; WELCOMES NEW EDUCATORS TO THE AREA AND ENCOURAGES THEM TO PURCHASE GOODS & SERVICE FROM LOCAL BUSINESSES; STRENGTHENS RELATIONSHIPS BETWEEN LOCAL BUSINESSES & SCHOOL DISTRICT. 200 CHAMBER MEMBERS BENEFITTED
- PREPARE AND DISTRIBUTE WEEKLY E-MAIL NEWSLETTER AND OTHER E-MAIL BLASTS; UPDATE WEBSITE. HIGHLIGHTS UPCOMING BUSINESS EVENTS, COMMUNITY EVENTS & PROMOTIONS, AND ANYOTHER ITEMS OF INTEREST TO MEMBER BUSINESSES & THEIR EMPLOYEES.
- ORGANIZE AND FACILITATE COMMUNITY EVENTS, PROMOTING LOCAL ORGANIZATIONS AND BUSINESSES. 215 CHAMBER MEMBERS BENEFITTED
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0859790
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $175,342
- Income (IRS master file)
- $234,170
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $205,602 | $190,759 | $175,342 | IRS |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | 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 41-0859790).
Questions about FOREST LAKE AREA CHAMBER OF COMMERCE
- What is the EIN of FOREST LAKE AREA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of FOREST LAKE AREA CHAMBER OF COMMERCE is 41-0859790.
- Is FOREST LAKE AREA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
- Are donations to FOREST LAKE AREA CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FOREST LAKE AREA 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 FOREST LAKE AREA CHAMBER OF COMMERCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOREST LAKE AREA CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of FOREST LAKE AREA CHAMBER OF COMMERCE?
- The 990 for the year ended June 30, 2024 names NANNETTE M LANASA.
- Who are the officers and directors of FOREST LAKE AREA CHAMBER OF COMMERCE?
- The 990 for the year ended June 30, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does FOREST LAKE AREA CHAMBER OF COMMERCE have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $205,602, expenses of $190,759 and total assets of $175,342 at year end.
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