Nonprofit · EIN 46-0160860
GREATER MADISON CHAMBER OF COMMERCE
Tax-exempt · MADISON, SD 57042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $444,794 | $445,822 | -$1,028 | $86,485 | $40,879 | $45,606 |
| December 31, 2024 | 990 | $418,044 | $424,681 | -$6,637 | $80,826 | $34,076 | $46,750 |
| December 31, 2023 | 990 | $406,991 | $406,049 | $942 | $71,990 | $18,679 | $53,311 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $108,998
- of which government grants
- $108,148
- Program service revenue
- $314,100
- Investment income
- $1,230
- Net income from fundraising events
- $6,575
- Net income from sales of inventory
- $13,891
- Other revenue
- $20,466
Expenses
- Grants and similar amounts paid
- $7,800
- Compensation of officers, directors and key employees
- $96,985
- Other salaries and wages
- $81,484
- Salaries, compensation and benefits (total)
- $202,540
- Professional fundraising fees
- $0
- Accounting fees
- $4,393
- Occupancy
- $7,496
- Travel
- $25,928
- Program services (functional)
- $260,293
- Management and general (functional)
- $185,529
Balance sheet and other
- Total assets, start of year
- $80,826
- Total assets, end of year
- $86,485
- Total liabilities, end of year
- $40,879
- Net assets, end of year
- $45,606
- Net assets without donor restrictions
- $45,606
- Gross receipts
- $464,169
- Employees
- 3
- Volunteers
- 100
- Year formed
- 1930
- State of legal domicile
- SD
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC HORTNESS | EXECUTIVE DIRECTOR Trustee or director | 40 | $96,985 |
| TYLER BACKUS | DIRECTOR Trustee or director | 1 | $0 |
| SAVANNAH OLINGER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BETH BERNARD | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS OLSON | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA PALMQUIST | DIRECTOR Trustee or director | 1 | $0 |
| RANDY MOREHOUSE | DIRECTOR Trustee or director | 1 | $0 |
| TYLER RUHD | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| TOM NIELSEN | DIRECTOR Trustee or director | 1 | $0 |
| JESSE LETSCHE | DIRECTOR Trustee or director | 1 | $0 |
| TAYLOR BLOOM | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC HORTNESS | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $95,683 |
| SARAH CRONIN | DIRECTOR Trustee or director | 1 | $0 |
| SAVANNAH OLINGER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BETH BERNARD | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS OLSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MELISSA PALMQUIST | DIRECTOR Trustee or director | 1 | $0 |
| RANDY MOREHOUSE | DIRECTOR Trustee or director | 1 | $0 |
| TYLER RUHD | DIRECTOR Trustee or director | 1 | $0 |
| DEB ROACH | DIRECTOR Trustee or director | 1 | $0 |
| JESSE LETSCHE | DIRECTOR Trustee or director | 1 | $0 |
| TAYLOR BLOOM | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC HORTNESS | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $89,695 | $5,382 |
| SARAH CRONIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAVANNAH OLINGER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BETH BERNARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRAVIS OLSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA PALMQUIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY MOREHOUSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYLER RUHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEB ROACH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSE LETSCHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAYLOR BLOOM | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 315 S EGAN AVEUNE, MADISON, SD 57042-0000
- In care of
- % COMMERCE
- Principal officer (990 for 2025)
- ERIC HORTNESS, 315 S EGAN AVENUE, MADISON, SD 57042
- Signed the 990
- ERIC HORTNESS, EXECUTIVE DIRECTOR
- Phone
- (605) 256-2454
- Website
- WWW.CHAMBEROFMADISONSD.COM
- Return prepared by
- KATIE J NELSON
Mission
TO PROMOTE MEMBERS, THE COMMUNITY, AND ECONOMIC DEVELOPMENT RESULTING IN A BETTER QUALITY OF LIFE IN THE MADISON, SD AREA
Program accomplishments
- THE MAIN PURPOSE OF THE EVENT COMMITTEE IS TO INCREASE INTERACTION BETWEEN MEMBERS AND THE COMMUNITY AND TO PROMOTE A GENUINE CAMARADERIE AMONG THE CITIZENS OF LAKE COUNTY. THE LARGEST EVENT IN 2025 WAS AN EVENT CALLED DOWNTOWN IN MADTOWN, WHICH IS A FAMILY FRIENDLY SUMMER CONCERT SERIES THAT INCLUDES KIDS ACTIVITIES AND FOOD BOOTHS FROM APPROXIMATELY 15 MADISON VENDORS. THE OBJECTIVE OF THE EVENT IS TO GET PEOPLE INTO DOWNTOWN MADISON. THE EVENT AVERAGED ABOUT 2500 PEOPLE IN EACH OF THE SIX WEEKS IT WAS HELD.Expenses $59,167 · grants $2,000 · revenue $68,000
- THE AG COMMITTEE IS A PROGRAM TASKED WITH SUPPORTING LOCAL AGRICULTURE, ALONG WITH PROVIDING EDUCATION TO THE GENERAL PUBLIC ON AGRICULTURAL TOPICS. EVENTS HOSTED BY THIS COMMITTEE INClUDE A HARVEST APPRECIATION EVENT, AGRICULTURE TOURS, AND AG IN THE CLASSROOM. THE PROGRAM ALSO SUPPORTS THE EFFORTS OF THE LOCAL FFA CHAPTERS.Expenses $10,785 · revenue $15,775
- LEADERSHIP MADISON IS A 12 SESSION PROGRAM THAT HELPS TO GROW FUTURE LEADERS IN THE COMMUNITY. SESSIONS INVOLVE PERSONALITY TESTS, LOCAL BUSINESS TOURS, EFFECTIVE COMMUNICATION, A TRIP TO THE STATES CAPITOL, A BOOK STUDY, AND CULMINATES WITH THE PARTICIPANTS PLANNING AND EXECUTING AN EVENT IN MADISON CALLED, MADISONS MAGICAL CHRISTMAS. THE PROGRAM HAS BEEN RUNNING SINCE 2002 AND HAS OVER 400 GRADUATES.Expenses $5,673 · revenue $12,700
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0160860
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $86,485
- Income (IRS master file)
- $464,169
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $444,794 | $445,822 | $86,485 | XML |
| 990 | December 2024 | $418,044 | $424,681 | $80,826 | XML |
| 990 | December 2023 | $406,991 | $406,049 | $71,990 | XML |
| 990 | December 2022 | $385,406 | $392,186 | $68,231 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 46-0160860).
Questions about GREATER MADISON CHAMBER OF COMMERCE
- What is the EIN of GREATER MADISON CHAMBER OF COMMERCE?
- The employer identification number (EIN) of GREATER MADISON CHAMBER OF COMMERCE is 46-0160860.
- Is GREATER MADISON CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
- Are donations to GREATER MADISON CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREATER MADISON 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 GREATER MADISON CHAMBER OF COMMERCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER MADISON CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GREATER MADISON CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2025 names ERIC HORTNESS.
- Who are the officers and directors of GREATER MADISON CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $96,985 (ERIC HORTNESS, EXECUTIVE DIRECTOR).
- How much revenue does GREATER MADISON CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $444,794, expenses of $445,822 and total assets of $86,485 at year end.
Other nonprofits in MADISON
- EAST RIVER ELECTRIC POWER COOPERATIVE INC EIN 46-0225402 · last filed 990 for 2024
- MADISON COMMUNITY HOSPITAL EIN 46-0228038 · last filed 990 for 2025
- INTER-LAKES COMMUNITY ACTION PARTNERSHIP INC EIN 46-0282131 · last filed 990 for 2025
- DAKOTA STATE UNIVERSITY FOUNDATION EIN 23-7299995 · last filed 990 for 2025
- BETHEL LUTHERAN HOME EIN 46-0259554 · last filed 990 for 2025
- VALIANT LIVING INCORPORATED EIN 46-0324959 · last filed 990 for 2025
- SOUTH DAKOTA ASSOCIATION OF RURAL WATER SYSTEMS EIN 46-0340547 · last filed 990 for 2025
- RURAL ELECTRIC ECONOMIC DEVELOPMENT INC EIN 46-0445496 · last filed 990 for 2025