Nonprofit · EIN 41-6036888
PRINCETON CHAMBER OF COMMERCE
Tax-exempt · PRINCETON, MN 55371
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $152,898 | $120,133 | $32,765 | $125,115 | $8,991 | $116,124 |
| December 31, 2023 | 990-EZ | $146,126 | $134,363 | $11,763 | $106,584 | $23,225 | $83,359 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $61,725
- Membership dues
- $44,921
- Program service revenue
- $54,782
- Investment income
- $14
- Net income from fundraising events
- $31,756
- Other revenue
- $36,377
Expenses
- Grants and similar amounts paid
- $1,000
- Other salaries and wages
- $48,196
- Salaries, compensation and benefits (total)
- $53,101
- Professional fundraising fees
- $0
- Occupancy
- $10,425
- Travel
- $1,742
Balance sheet and other
- Total assets, start of year
- $106,584
- Total assets, end of year
- $125,115
- Total liabilities, end of year
- $8,991
- Net assets, end of year
- $116,124
- Gross receipts
- $232,264
- Employees
- 1
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM YOUNG | EXECUTIVE DIRECTOR Highest-paid employee | 32 | $48,196 |
| MARY PATNODE | DIRECTOR Trustee or director | 2 | $0 |
| BOPHA THOMAS | DIRECTOR Trustee or director | 2 | $0 |
| KIMBERLY WALIZER | DIRECTOR Trustee or director | 2 | $0 |
| ALISHA LUECK | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN JULSON | DIRECTOR Trustee or director | 2 | $0 |
| VICTORIA HALLIN | DIRECTOR Trustee or director | 2 | $0 |
| KELSY HAM | DIRECTOR Trustee or director | 2 | $0 |
| CARRIE VESEL | PRESIDENT Officer | 5 | $0 |
| DYLAN DONNER | TREASURER Officer | 3 | $0 |
| TRACY CARLSON | VICE PRESIDENT Officer | 3 | $0 |
| KAYLEE STAUFFENECKER | SECRETARY Officer | 3 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIM YOUNG | EXECUTIVE DIRECTOR | 32 | $38,010 |
| CARRIE VESEL | PRESIDENT | 5 | $0 |
| MARY PATNODE | DIRECTOR | 2 | $0 |
| BOPHA THOMAS | DIRECTOR | 2 | $0 |
| DYLAN DONNER | TREASURER | 3 | $0 |
| MARTHA AHLSCHLAGER | DIRECTOR | 2 | $0 |
| SARA RUTTEN | DIRECTOR | 2 | $0 |
| BRIAN JULSON | DIRECTOR | 2 | $0 |
| VICTORIA HALLIN | DIRECTOR | 2 | $0 |
| TRACY CARLSON | VICE PRESIDENT | 3 | $0 |
| KAYLEE STAUFFENECKER | SECRETARY | 3 | $0 |
| KELSY HAM | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 705 2ND ST NO, PRINCETON, MN 55371-0000
- In care of
- % KIM YOUNG
- Signed the 990
- KIM YOUNG, EXECUTIVE DIRECTOR
- Phone
- (763) 389-1764
- Website
- WWW.PRINCETONMNCHAMBER.ORG
- Return prepared by
- SE HEMMERICH TAX & ACCT SVS CPA LLC
Mission
PROMOTE SUCCESS OF CIVIC & BUSINESS ORGANIZATIONS BY WORKING AS A TEAM OF PROFESSIONAL BUSINESS PEOPLE TO ACHIEVE EFFECTIVE COMMUNITY & BUSINESS PROMOTION, EDUCATION & LEGISLATION
Program accomplishments
- HOST GENERAL MEMBERSHIP SEMINARS AND MEETINGS TO KEEP MEMBERS AND INTERESTED CITIZENS INFORMED ON LOCAL, STATE, AND PROFESSIONAL MATTERS AFFECTING THE AREA.
- PROVIDE COMMUNITY SUPPORT AND INFORMATION PROGRAMS AND EVENTS OPEN TO THE PUBLIC TO STIMULATE INTEREST IN COMMUNITY BUSINESS AND AWARENESS.
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-EZ on file |
IRS record
- EIN
- 41-6036888
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1926
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $125,115
- Income (IRS master file)
- $232,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $152,898 | $120,133 | $125,115 | XML |
| 990-EZ | December 2023 | $146,126 | $134,363 | $106,584 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 41-6036888).
Questions about PRINCETON CHAMBER OF COMMERCE
- What is the EIN of PRINCETON CHAMBER OF COMMERCE?
- The employer identification number (EIN) of PRINCETON CHAMBER OF COMMERCE is 41-6036888.
- Is PRINCETON CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1926.
- Are donations to PRINCETON CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PRINCETON 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 PRINCETON 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 PRINCETON 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 are the officers and directors of PRINCETON CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $48,196 (KIM YOUNG, EXECUTIVE DIRECTOR).
- How much revenue does PRINCETON CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $152,898, expenses of $120,133 and total assets of $125,115 at year end.
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- MYSTIC RIDERS SNOWMOBILE CLUB INC EIN 93-1122686 · last filed 990 for 2025
- MILLE LACS COUNTY AGRICULTURAL EIN 41-1238021 · last filed 990 for 2025
- DOBERMAN RESCUE MINNESOTA EIN 41-1933592 · last filed 990 for 2025
- PRINCETON TWICE NEW CLOTHING AND TREASURES EIN 82-5063941 · last filed 990-EZ for 2025
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