Nonprofit · EIN 42-1295227
OELWEIN CHAMBER AND AREA DEVELOPMENT INC
Tax-exempt · OELWEIN, IA 50662
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $278,813 | $222,932 | $55,881 | $824,991 | $124,633 | $700,358 |
| June 30, 2024 | 990 | $302,309 | $307,345 | -$5,036 | $769,952 | $129,062 | $640,890 |
| June 30, 2023 | 990 | $284,986 | $249,827 | $35,159 | $777,880 | $129,492 | $648,388 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $129,661
- Membership dues
- $129,661
- Program service revenue
- $151,352
- Investment income
- $4,442
- Net rental income
- -$6,842
- Other revenue
- -$6,642
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,975
- Other salaries and wages
- $33,238
- Salaries, compensation and benefits (total)
- $101,496
- Professional fundraising fees
- $0
- Accounting fees
- $3,306
- Occupancy
- $15,939
- Program services (functional)
- $172,247
- Management and general (functional)
- $36,492
- Fundraising (functional)
- $14,193
Balance sheet and other
- Total assets, start of year
- $769,952
- Total assets, end of year
- $824,991
- Total liabilities, end of year
- $124,633
- Net assets, end of year
- $700,358
- Land, buildings and equipment
- $613,756
- Net assets without donor restrictions
- $627,196
- Net assets with donor restrictions
- $73,162
- Gross unrelated business income
- -$3,182
- Gross receipts
- $312,634
- Employees
- 2
- Year formed
- 2002
- State of legal domicile
- IA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Deb Howard | Executive Dir. Officer | 40 | $66,125 |
| Jon King | Director Trustee or director | 2 | $0 |
| Josh Ehn | Director Trustee or director | 2 | $0 |
| Jeremy Lockard | Treasurer Trustee or director | 4 | $0 |
| Jeremy Birdnow | Director Trustee or director | 2 | $0 |
| Dylan Mulfinger | Vice President Trustee or director | 2 | $0 |
| Chad Benter | Director Trustee or director | 2 | $0 |
| Jeff Ingels | Director Trustee or director | 2 | $0 |
| Lisa Bahe | Director Trustee or director | 2 | $0 |
| Taylor Sweeney | Director Trustee or director | 2 | $0 |
| Tracy Cummings | Director Trustee or director | 2 | $0 |
| Sarah Ottesen | Director Trustee or director | 2 | $0 |
| Eric Buehner | Director Trustee or director | 2 | $0 |
| Paul Schemmel | Director Trustee or director | 2 | $0 |
| Tracy Kerns | Director Trustee or director | 2 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Lewis | President Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Deb Howard | Executive Dir. Officer | 40 | $63,000 |
| Jon King | Director Trustee or director | 2 | $0 |
| Josh Ehn | Director Trustee or director | 2 | $0 |
| Jeremy Lockard | Treasurer Trustee or director | 4 | $0 |
| Jeremy Birdnow | Director Trustee or director | 2 | $0 |
| Dylan Mulfinger | Director Trustee or director | 2 | $0 |
| Chad Benter | Director Trustee or director | 2 | $0 |
| Jeff Ingels | Director Trustee or director | 2 | $0 |
| Lisa Bahe | Director Trustee or director | 2 | $0 |
| Matt Nelson | Director Trustee or director | 2 | $0 |
| Tracy Cummings | Director Trustee or director | 2 | $0 |
| Andrew Miller | Director Trustee or director | 2 | $0 |
| Eric Buehner | Director Trustee or director | 2 | $0 |
| Paul Schemmel | Director Trustee or director | 2 | $0 |
| Tracy Kerns | President Trustee or director | 2 | $0 |
| Sarah Lewis | Vice President Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEB HOWARD | Executive Direc Officer | 40 | $59,500 |
| JON KING | President Trustee or director | 2 | $0 |
| JOSH EHN | Director Trustee or director | 2 | $0 |
| JEREMY LOCKARD | Treasurer Trustee or director | 4 | $0 |
| Jeremy Birdnow | Director Trustee or director | 2 | $0 |
| DYLAN MULFINGER | Director Trustee or director | 2 | $0 |
| CHAD BENTER | Director Trustee or director | 2 | $0 |
| TRAVIS BUSHAW | Director Trustee or director | 2 | $0 |
| LISA BAHE | Director Trustee or director | 2 | $0 |
| MATT NELSON | Director Trustee or director | 2 | $0 |
| SARAH SCHEEL | Director Trustee or director | 2 | $0 |
| ANDREW MILLER | President Trustee or director | 2 | $0 |
| ERIC BUEHNER | Director Trustee or director | 2 | $0 |
| Paul Schemmel | Director Trustee or director | 2 | $0 |
| TRACY KERNS | Vice President Trustee or director | 2 | $0 |
| SARAH LEWIS | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 6 S FREDERICK AVE, OELWEIN, IA 50662-2305
- Principal officer (990 for 2024)
- Tracy Kerns, 6 S Frederick Ave, Oelwein, IA 50662
- Signed the 990
- Tracy Kerns, President
- Phone
- (319) 283-1105
- Website
- oelwein.com
- Return prepared by
- RFSW & Co CPAs PC
Mission
THE ORGANIZATION IS A COMBINED CHAMBER OF COMMERCE AND ECONOMIC DEVELOPMENT GROUP THAT PROMOTES RETAIL, MANUFACTURING, AND SERVICE BUSINESSES IN THE CITY OF OELWEIN. THE ORGANIZATION RECRUITS NEW BUSINESSES TO THE AREA AND HELPS EXISTING BUSINESSES AND INDUSTRIES TO EXPAND. WE SERVE OVER 20,000 RESIDENTS IN FAYETTE AND BUCHANAN COUNTY.
Program accomplishments
- THE ORGANIZATION PROMOTES THE CITY OF OELWEIN AND THE SURROUNDING AREA IN AN ATTEMPT TO ATTRACT NEW BUSINESSES TO THE AREA AND HELP EXISTING INDUSTRY EXPAND. WE SERVE OVER 20,000 AREA RESIDENTS.
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1295227
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $824,991
- Income (IRS master file)
- $312,634
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $278,813 | $222,932 | $824,991 | XML |
| 990 | June 2024 | $302,309 | $307,345 | $769,952 | XML |
| 990 | June 2023 | $284,986 | $249,827 | $777,880 | XML |
| 990 | June 2022 | $220,482 | $199,812 | $745,727 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | 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 42-1295227).
Questions about OELWEIN CHAMBER AND AREA DEVELOPMENT INC
- What is the EIN of OELWEIN CHAMBER AND AREA DEVELOPMENT INC?
- The employer identification number (EIN) of OELWEIN CHAMBER AND AREA DEVELOPMENT INC is 42-1295227.
- Is OELWEIN CHAMBER AND AREA DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to OELWEIN CHAMBER AND AREA DEVELOPMENT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OELWEIN CHAMBER AND AREA DEVELOPMENT INC 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 OELWEIN CHAMBER AND AREA DEVELOPMENT INC 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 OELWEIN CHAMBER AND AREA DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OELWEIN CHAMBER AND AREA DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names Tracy Kerns.
- Who are the officers and directors of OELWEIN CHAMBER AND AREA DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $66,125 (Deb Howard, Executive Dir.).
- How much revenue does OELWEIN CHAMBER AND AREA DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $278,813, expenses of $222,932 and total assets of $824,991 at year end.
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