Form 990 for tax year 2024
Filed by MASON CITY CHAMBER OF COMMERCE.
Totals
- Total revenue
- $790,227
- Total expenses
- $810,433
- Contributions and grants received
- $120,369
- Grants paid
- $0
- Program service revenue
- $613,556
- Investment income
- $16,389
- Other revenue
- $39,913
- Total assets, end of year
- $1,430,966
- Total liabilities, end of year
- $39,063
- Net assets or fund balances, end of year
- $1,391,903
- Program services expenses (Part IX)
- $619,643
- Management and general expenses
- $190,790
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 76.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$119,915
-
1f · All other contributions, gifts and grants
$454
-
2a · Program service revenue: BAND FESTIVAL
total $90,288 · related or exempt $90,288
-
2b · Program service revenue: ADVOCACY
total $86,294 · related or exempt $86,294
-
2c · Program service revenue: EVENTS COMMITTEE
total $72,986 · related or exempt $72,986
-
2d · Program service revenue: MEMBERSHIP
total $70,214 · related or exempt $70,214
-
2e · Program service revenue: MARKETING
total $64,839 · related or exempt $64,839
-
2f · All other program service revenue
total $228,935 · related or exempt $228,935
-
3 · Investment income
total $9,000 · excluded $9,000
-
7a · Gross sales of assets other than inventory
other assets $11,358
-
7b · Less cost or other basis and sales expenses
other assets $3,969
-
7c · Gain or loss
other assets $7,389
-
7d · Net gain or loss
total $7,389 · related or exempt $7,389
-
10a · Gross sales of inventory
$305
-
10b · Cost of goods sold
$32
-
10c · Net income from sales of inventory
total $273 · related or exempt $273
-
11a · Other revenue: EXPENSE REIMBURSEMENT
total $39,640 · related or exempt $39,640
-
11e · Other revenue, total
$39,640
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $125,193 · program services $87,635 · management and general $37,558
-
7 · Other salaries and wages
total $226,634 · program services $158,644 · management and general $67,990
-
8 · Pension plan contributions
total $13,585 · program services $9,509 · management and general $4,076
-
9 · Other employee benefits
total $50,271 · program services $35,190 · management and general $15,081
-
10 · Payroll taxes
total $35,507 · program services $24,855 · management and general $10,652
-
11a · Fees: management
total $27,318 · program services $27,318
-
11c · Fees: accounting
total $9,793 · management and general $9,793
-
11g · Fees: other
total $2,500 · program services $2,000 · management and general $500
-
13 · Office expenses
total $24,611 · program services $17,227 · management and general $7,384
-
14 · Information technology
total $11,806 · program services $8,264 · management and general $3,542
-
16 · Occupancy
total $39,878 · program services $27,915 · management and general $11,963
-
17 · Travel
total $12,954 · program services $9,068 · management and general $3,886
-
19 · Conferences, conventions and meetings
total $21,278 · program services $14,895 · management and general $6,383
-
20 · Interest
total $1,644 · program services $1,644
-
23 · Insurance
total $14,961 · program services $10,473 · management and general $4,488
-
24a · Other expenses: GLOBAL FAMILIARIZATION
total $45,063 · program services $45,063
-
24b · Other expenses: BAND FESTIVAL
total $40,080 · program services $40,080
-
24c · Other expenses: ADVOCACY
total $35,173 · program services $35,173
-
24d · Other expenses: EVENTS COMMITEE
total $20,696 · program services $20,696
-
24e · All other expenses
total $51,488 · program services $43,994 · management and general $7,494
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $158,330 · end of year $68,054
-
2 · Savings and temporary cash investments
beginning of year $134,247 · end of year $137,549
-
4 · Accounts receivable
beginning of year $49,804 · end of year $84,913
-
8 · Inventories for sale or use
beginning of year $4,730 · end of year $7,598
-
9 · Prepaid expenses and deferred charges
beginning of year $14,232 · end of year $16,667
-
10a · Land, buildings and equipment: cost or other basis
$1,812,076
-
10b · Land, buildings and equipment: accumulated depreciation
$741,574
-
10c · Land, buildings and equipment, net
beginning of year $1,107,181 · end of year $1,070,502
-
11 · Investments: publicly traded securities
beginning of year $47,331 · end of year $45,683
-
17 · Accounts payable and accrued expenses
beginning of year $25,168 · end of year $31,718
-
19 · Deferred revenue
beginning of year $18,274 · end of year $7,345
-
27 · Net assets without donor restrictions
beginning of year $1,472,413 · end of year $1,391,903
Mission and programs · 2024
Mission
TO PROMOTE PROGRESSIVE COMMUNITY AND ECONOMIC DEVELOPMENT TO BENEFIT CHAMBER MEMBERS AND THE NORTH IOWA REGION.
-
THE MASON CITY CHAMBER OF COMMERCE COORDINATES RESOURCES TO PROMOTE BUSINESS, INDUSTRY AND COMMUNITY-WIDE EVENTS. EVENTS INCLUDE BAND FESTIVAL, LEADERSHIP CLASSES, AG BUSINESS MEETINGS, BUSINESS EXPO, AND OTHER VARIOUS CONFERENCES, MEETINGS, AND OUTINGS WHICH ENABLE BUSINESSES, ORGANIZATIONS AND INTERESTED INDIVIDUALS TO EXCHANGE AND DISCUSS IDEAS CONCERNING ECONOMIC AND COMMUNITY DEVELOPMENT.
-
THE MASON CITY CHAMBER OF COMMERCE COORDINATES RESOURCES TO PROMOTE BUSINESS, INDUSTRY AND COMMUNITY-WIDE EVENTS. EVENTS INCLUDE BAND FESTIVAL,LEADERSHIP CLASSES, AG BUSINESS MEETINGS, BUSINESS EXPO, AND OTHER VARIOUS CONFERENCES, MEETINGS, AND OUTINGS WHICH ENABLE BUSINESSES, ORGANIZATIONS AND INTERESTED INDIVIDUALS TO EXCHANGE AND DISCUSS IDEAS CONCERNING ECONOMIC AND COMMUNITY DEVELOPMENT.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Colleen FreinCOLLEEN FREIN
PRESIDENT &
- Total calculated
- $140,274
- From this org
- $125,193
- From related orgs
- $0
- Other
- $15,081
- Hours/week
- 40
-
Pamela LampmanPAMELA LAMPMAN
CHAIR ELECT
- Total calculated
- $0
-
Matt BradleyMATT BRADLEY
DIRECTOR
- Total calculated
- $0
-
Danielle PaceDANIELLE PACE
CHAIRPERSON
- Total calculated
- $0
-
Troy ElwoodTROY ELWOOD
DIRECTOR
- Total calculated
- $0
-
Brooke PetersBROOKE PETERS
DIRECTOR
- Total calculated
- $0
-
Tyler HedegardTYLER HEDEGARD
DIRECTOR
- Total calculated
- $0
-
Josh CongelloJOSH CONGELLO
DIRECTOR
- Total calculated
- $0
-
Bob FisherBOB FISHER
DIRECTOR
- Total calculated
- $0
-
Dr Paul ManternachDR PAUL MANTERNACH
PAST CHAIR
- Total calculated
- $0
-
Matt LeibrandMATT LEIBRAND
TREASURER
- Total calculated
- $0
-
Dr Dan GarmanDR DAN GARMAN
DIRECTOR
- Total calculated
- $0
-
Molly RaulieMOLLY RAULIE
DIRECTOR
- Total calculated
- $0
-
Luke WeissLUKE WEISS
DIRECTOR
- Total calculated
- $0
-
Janet JohnsonJANET JOHNSON
DIRECTOR
- Total calculated
- $0
-
Kathy LloydKATHY LLOYD
DIRECTOR
- Total calculated
- $0
-
Matt CurtisMATT CURTIS
DIRECTOR
- Total calculated
- $0
-
Dr Michelle LacosteDR MICHELLE LACOSTE
DIRECTOR
- Total calculated
- $0
-
Catarino MartinezCATARINO MARTINEZ
DIRECTOR
- Total calculated
- $0
-
Kevin MeyerKEVIN MEYER
DIRECTOR
- Total calculated
- $0
-
Jason PikeJASON PIKE
DIRECTOR
- Total calculated
- $0
-
Jenn PopeJENN POPE
DIRECTOR
- Total calculated
- $0
-
Jessica SutcliffeJESSICA SUTCLIFFE
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
MASON CITY CHAMBER OF COMMERCE FDN
501C3 · FUNDRAISIN · IA
Directly controlled by MASON CITY CHAMBER OF COMMERCE
-
501C3 · FUNDRAISIN · IA
Directly controlled by MASON CITY CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 January 2026
- IRS schema version
- 2024v5.0
- Source object
- 202620349349301407
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