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Nonprofit · EIN 41-0943241

PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE

Tax-exempt · PARK RAPIDS, MN 56470

Financials

$322K$417K2023$397K$393K2024
Revenue Expenses · by fiscal year end
Financials of PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$397,213$393,356$3,857$243,233$68,923$174,310
December 31, 2023990$321,763$417,095-$95,332$239,988$69,535$170,453
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,000
of which government grants
$10,000
Program service revenue
$386,650
Investment income
$563
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$81,077
Other salaries and wages
$54,445
Salaries, compensation and benefits (total)
$150,114
Professional fundraising fees
$0
Accounting fees
$2,932
Occupancy
$20,879
Travel
$935
Depreciation
$2,400
Program services (functional)
$330,974
Management and general (functional)
$62,382

Balance sheet and other

Total assets, start of year
$239,988
Total assets, end of year
$243,233
Total liabilities, end of year
$68,923
Net assets, end of year
$174,310
Land, buildings and equipment
$43,894
Net assets without donor restrictions
$174,310
Gross receipts
$397,213
Employees
5
Volunteers
332
Year formed
1903
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.

NameTitleHours / weekCompensation
DEREK RICKEPRESIDENTCEO
Officer
40$81,077
DAN PIKEBOARD CHAIR
Trustee or director, Officer
5$0
MISSY HENDRICKXBOARD VICE CHAIR
Trustee or director, Officer
4$0
JUSTIN MITTENESSSECRETARYTREASURER
Trustee or director, Officer
4$0
DEBBIE TOSTENSONBOARD MEMBER
Trustee or director
4$0
BRANDON GARTNERBOARD MEMBER
Trustee or director
4$0
NIKKI CLANCYBOARD MEMBER
Trustee or director
4$0
BRYAN HIRTBOARD MEMBER
Trustee or director
4$0
MOLLY LUTHERBOARD MEMBER
Trustee or director
4$0
DEEDEE LEMIERBOARD MEMBER
Trustee or director
4$0
KAYLA DAIGLEBOARD MEMBER
Trustee or director
4$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
DEREK RICKEPRESIDENTCEO
Officer
40$78,000
BRYAN HIRTBOARD MEMBER
Trustee or director
4$0
NIKKI CLANCYBOARD MEMBER
Trustee or director
4$0
KAYLA DAIGLEBOARD MEMBER
Trustee or director
4$0
DEEDEE LEMIERBOARD MEMBER
Trustee or director
4$0
MOLLY LUTHERBOARD MEMBER
Trustee or director
4$0
DEBBIE TOSTENSONBOARD MEMBER
Trustee or director
4$0
BRANDON GARTNERBOARD MEMBER
Trustee or director
4$0
MARIE LUETMERBOARD MEMBER
Trustee or director
4$0
DAN PIKEBOARD CHAIR
Trustee or director, Officer
5$0
MISSY HENDRICKXBOARD VICE CHAIR
Trustee or director, Officer
4$0
JUSTIN MITTENESSSECRETARYTREASURER
Trustee or director, Officer
4$0

Address and contacts

Address (IRS master file)
1204 PARK AVE SOUTH, PARK RAPIDS, MN 56470-0000
In care of
% DEREK RICKE
Principal officer (990 for 2024)
DEREK RICKE, 1204 PARK AVENUE SOUTH, PARK RAPIDS, MN 56470
Signed the 990
DEREK RICKE, PRESIDENTCEO
Return prepared by
Haukebo Van Batavia Holte LLC

Mission

THE MISSION OF THE CHAMBER IS TO SERVE, CONNECT AND PROMOTE OUR MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • OTHER - THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION. THE INCOME AND EXPENSES ARE RELATED TO MEMBERSHIP DUES.
    Expenses $162,907
  • PRODUCTION OF AN AREA VACATION GUIDE AND ADVERTISING FOR AREA WHICH PROMOTES HOSTING OF SPECIAL EVENTS, INCLUDING 6 MAJOR COMMUNITY EVENTS.
    Expenses $77,570
  • PROVIDING ADVERTISING FOR AREA BUSINESSES ON THE WEBSITE, PRINT AND RADIO.
    Expenses $64,908
  • OPERATED A 24/7/ VISITOR CENTER
    Expenses $25,589

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0943241
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$243,233
Income (IRS master file)
$397,213

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$397,213$393,356$243,233XML
990December 2023$321,763$417,095$239,988XML
990December 2022$454,534$384,313$289,513IRS
990December 2021–––IRS
990December 2020–––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 41-0943241).

Questions about PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE

What is the EIN of PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE?
The employer identification number (EIN) of PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE is 41-0943241.
Is PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
Are donations to PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PARK RAPIDS LAKES 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 PARK RAPIDS LAKES AREA 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 PARK RAPIDS LAKES AREA 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 PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 names DEREK RICKE.
Who are the officers and directors of PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $81,077 (DEREK RICKE, PRESIDENTCEO).
How much revenue does PARK RAPIDS LAKES AREA CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $397,213, expenses of $393,356 and total assets of $243,233 at year end.

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