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Nonprofit · EIN 42-1505507

MASON CITY CHAMBER OF COMMERCE FOUNDATION

Tax-exempt · MASON CITY, IA 50401

Financials

$102K$58K2022$722K$788K2023$614K$431K2024
Revenue Expenses · by fiscal year end
Financials of MASON CITY CHAMBER OF COMMERCE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$614,375$431,460$182,915$121,819$0$121,819
September 30, 2024990$721,622$788,061-$66,439$267,837$328,933-$61,096
September 30, 2023990$101,667$57,565$44,102$163,342$0$163,342
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$609,527
of which government grants
$465,627
Program service revenue
$0
Investment income
$4,848
Other revenue
$0

Expenses

Grants and similar amounts paid
$363,749
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$130
Accounting fees
$250
Program services (functional)
$430,893
Management and general (functional)
$567

Balance sheet and other

Total assets, start of year
$267,837
Total assets, end of year
$121,819
Total liabilities, end of year
$0
Net assets, end of year
$121,819
Net assets without donor restrictions
$121,819
Gross receipts
$614,375
Employees
0
Volunteers
5
Year formed
2000
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JANE FISCHERBOARD MEMBER
Trustee or director, Officer
1$0
ANDREW HUBBARDPAST CHAIR
Trustee or director, Officer
1$0
COLLEEN FREINSECRETARY
Officer
2$0
ROBERT KLOCKECHAIR ELECT
Officer
1$0
KIM PANGCHAIRPERSON
Officer
1$0
990 for the year ended September 30, 2024: 5 people
NameTitleHours / weekCompensationFrom related orgs
COLLEEN FREINSECRETARY
Officer
2$0$112,883
JANE FISCHERBOARD MEMBER
Trustee or director
1$0$0
ANDREW HUBBARDPAST CHAIR
Trustee or director
1$0$0
ROBERT KLOCKECHAIR ELECT
Officer
1$0$0
KIM PANGCHAIRPERSON
Officer
1$0$0
990 for the year ended September 30, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
COLLEEN FREINSECRETARY
Officer
2$0$97,877$700
ROBIN ANDERSONSECRETARY
Trustee or director, Officer
2$0$66,808$4,008
KIM PANGCHAIRPERSON
Trustee or director, Officer
1$0$0$0
ROBERT KLOCKEVICE CHAIRPERSON
Trustee or director, Officer
1$0$0$0
ANDREW HUBBARDDIRECTOR
Trustee or director
1$0$0$0
SCOTT WESTERMANNDIRECTOR
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
9 N FEDERAL AVE, MASON CITY, IA 50401-3250
In care of
% JACQUELINE R CONWAY
Principal officer (990 for 2024)
COLLEEN FREIN, 9 N FEDERAL AVE, MASON CITY, IA 50401
Signed the 990
COLLEEN FREIN, SECRETARY
Phone
(641) 423-5724
Return prepared by
HARRISON & ASSOCIATES CPAS PLLC

Mission

TO ASSIST THE LONG TERM WORK AND OPERATIONS OF THE MASON CITY CHAMBER OF COMMERCE AND RECEIVE GRANTS AND CONTRIBUTIONS FOR THE BENEFIT OF THE MASON CITY.

990 for the year ended September 30, 2025

Program accomplishments

  • TO PROVIDE FOR THE COMMUNITY PLANNING INITIATIVES FOR THE MASON CITY
    Expenses $28,069
  • CHILDCARE WORKS PROGRAM INITIATED TO PROVIDE MONETARY ASSISTANCE TO DAYCARE PROVIDERS IN MASON CITY, IOWA AND SURROUNDING COMMUNITIES.
    Expenses $363,749 · grants $363,749
  • CHILDCARE SLOT EXPANSION PROGRAM INITIATED TO PROVIDE ADDTIONAL FUNDING TO AREA DAYCARE PROVIDERS NEEDING ADDITIONAL STAFF.
    Expenses $39,075

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
42-1505507
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2000
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$121,819
Income (IRS master file)
$614,375

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$614,375$431,460$121,819XML
990September 2024$721,622$788,061$267,837XML
990September 2023$101,667$57,565$163,342XML
990September 2022–––IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 42-1505507).

Questions about MASON CITY CHAMBER OF COMMERCE FOUNDATION

What is the EIN of MASON CITY CHAMBER OF COMMERCE FOUNDATION?
The employer identification number (EIN) of MASON CITY CHAMBER OF COMMERCE FOUNDATION is 42-1505507.
Is MASON CITY CHAMBER OF COMMERCE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to MASON CITY CHAMBER OF COMMERCE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASON CITY CHAMBER OF COMMERCE FOUNDATION 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 MASON CITY CHAMBER OF COMMERCE FOUNDATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASON CITY CHAMBER OF COMMERCE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of MASON CITY CHAMBER OF COMMERCE FOUNDATION?
The 990 for the year ended September 30, 2025 names COLLEEN FREIN.
Who are the officers and directors of MASON CITY CHAMBER OF COMMERCE FOUNDATION?
The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does MASON CITY CHAMBER OF COMMERCE FOUNDATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $614,375, expenses of $431,460 and total assets of $121,819 at year end.

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