HOYT LAKES CHAMBER OF COMMERCE

Address
PO BOX 429
HOYT LAKES, MN 55750
Contact
Phone: +1 (218) 225-2654
Nonprofit
NTEE: S41 - Promotion of Business
EIN: 41-1632643

Mission

Maintenance and improvement of business conditions.
 20162015201420132011
Basic features of the organization
Year of formation1986
Metropolitan statistical area2240
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00$0.00$0.00$0.00$0.00
Sum of reportable (W2/1099) compensation$18,000.00$18,000.00$18,000.00$18,000.00$18,000.00
Number of employees22222
Personnel
Albright, John
TitleASST GAMBLING MGRASST GAMBLING MGRASST GAMBLING MGRAsst Gambling ManagerAsst Gambling Manager
Name of key/compensated personJOHN ALBRIGHTJOHN ALBRIGHTJOHN ALBRIGHTJohn AlbrightJohn Albright
Position of compensated person
Current officerTrueTrueTrue  
Current key employee (> $150k)True  TrueTrue
Average hours per week working for org006.00006.00006.00006.00006.00
Reportable compensation from org$6,000.00$6,000.00$6,000.00$6,000.00$6,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs006.00    
Barholomew, Robert
TitlePRESIDENTPRESIDENTPRESIDENT  
Name of key/compensated personROBERT BARHOLOMEWROBERT BARHOLOMEWROBERT BARHOLOMEW  
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org002.00002.00002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Bartholomew, Catherine
TitleTREAURERTREAURERTREAURERTreasurerTreasurer
Name of key/compensated personCATHERINE BARTHOLOMEWCATHERINE BARTHOLOMEWCATHERINE BARTHOLOMEWCatherine BartholomewCatherine Bartholomew
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00001.00001.00001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Bartholomew, Robert
Title   PresidentPresident
Name of key/compensated person   Robert BartholomewRobert Bartholomew
Position of compensated person
Current officer   TrueTrue
Average hours per week working for org   002.00002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Grams, Cherie
TitleGAMBLING MANAGERGAMBLING MANAGERGAMBLING MANAGERGambling ManagerGambling Manager
Name of key/compensated personCHERIE GRAMSCHERIE GRAMSCHERIE GRAMSCherie GramsCherie Grams
Position of compensated person
Current officerTrueTrueTrue  
Current key employee (> $150k)True  TrueTrue
Average hours per week working for org012.00012.00012.00012.00012.00
Reportable compensation from org$12,000.00$12,000.00$12,000.00$12,000.00$12,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs012.00    
Seagraves, Jennifer
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENTVice PresidentVice President
Name of key/compensated personJENNIFER SEAGRAVESJENNIFER SEAGRAVESJENNIFER SEAGRAVESJennifer SeagravesJennifer Seagraves
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00001.00001.00001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Shimmin, Sue
TitleSECRETARYSECRETARYSECRETARYSecretarySecretary
Name of key/compensated personSUE SHIMMINSUE SHIMMINSUE SHIMMINSue ShimminSue Shimmin
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org001.00001.00001.00001.00001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesMaintenance and improvement of business conditions.Maintenance and improvement of business conditions.Maintenance and improvement of business conditions.Maintenance and improvement of business conditions. Our most significant fund raising event, charitable gambling, which is ongoing throughout the year, provided funding which we would not otherwise have for the annual community water carnival, youth organizations, and scholarships.Maintenance and improvement of business conditions. Our most significant fund raising event, charitable gambling, which is ongoing throughout the year, provided funding which we would not otherwise have for the annual community water carnival, youth organizations, and scholarships. Maintenance and improvement of business conditions. Our most significant fund raising event, charitable gambling, which is ongoing throughout the year, provided funding which we would not otherwise have for the annual community water carnival, youth organizations, and scholarships.
Programs, including revenue & expenses
B
Program descriptionBBB  
Business conditions were improved by the fund raising and charitable gambling which drew 5000 to 6000 visitors to the city during the year because of the various functions financed by the Chamber, especially its water carnival, which is the largest civic event.
Program description   Business conditions were improved by the fund raising and charitable gambling which drew 5000 to 6000 visitors to the city during the year because of the various functions financed by the Chamber, especially its water carnival, which is the largest civic event.Business conditions were improved by the fund raising and charitable gambling which drew 5000 to 6000 visitors to the city during the year because of the various functions financed by the Chamber, especially its water carnival, which is the largest civic event.
Financial data
Revenue
Total revenue$46,215.00$12,046.00-$3,069.00$4,599.00-$3,029.00
Revenue from contributions (total) $1,670.00$1,665.00$1,140.00$1,250.00
Investment income, current yr$0.00$0.00$185.00$2.00$0.00
Total revenue from grants, etc., current yr$0.00$1,670.00$1,665.00$1,140.00$1,250.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$46,215.00$10,376.00-$4,919.00$3,457.00-$4,279.00
Net unrelated business taxable revenue$5,798.00$4,294.00-$5,043.00 -$1,979.00
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$1,076,179.00$762,894.00$605,422.00$747,314.00$559,196.00
Sources of contributions
Contributions revenue from membership dues $1,670.00$1,665.00$1,140.00$1,250.00
Other types of revenue
Net revenue from gaming (total)$46,215.00$10,336.00-$5,042.00$4,316.00-$1,979.00
Income from dividends, interest, and similar investments  $185.00$2.00 
Net rental income $0.00$0.00$0.00$0.00
Net income from fundraising events $40.00$123.00-$859.00-$2,300.00
Expense categories (totals)
Total functional expenses: sum of all$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$0.00$0.00$0.00$0.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$62,785.00$36,533.00$26,132.00$34,922.00$15,259.00
Total assets, beginning of year$36,533.00$26,132.00$34,922.00$30,821.00$18,416.00
Total liabilities$4,306.00$853.00$889.00$996.00$573.00
Total liabilities, beginning of year$853.00$889.00$996.00$1,494.00$701.00
Net assets$58,479.00$35,680.00$25,243.00$33,926.00$14,686.00
Net assets, beginning of year$35,680.00$25,243.00$33,926.00$29,327.00$17,715.00
Cash: non-interest bearing$62,773.00$36,502.00$26,120.00$32,710.00$13,261.00
Cash: non-interest bearing, beginning of year$36,502.00$26,120.00$32,710.00$27,268.00$16,628.00
Inventories for sale or use    $966.00
Other financial variables
Revenue less expenses$46,215.00$12,046.00-$3,069.00$4,599.00-$3,029.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$12.00$12.00$12.00$2,212.00$1,032.00
Accounts receivable, net $19.00   
Accounts payable & accrued expenses$4,306.00$853.00$889.00$996.00$573.00
Total net assets or fund balances$58,479.00$35,680.00$25,243.00$33,926.00$14,686.00
Depreciation, depletion, amortization$0.00$0.00$0.00$0.00$0.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members44444
Number of independent voting members3535353535
Financial sheets auditedTrue    
Audited on both consolidated and separate basisTrue    
Relationships among key personnelTrueTrueTrueTrueTrue
Other accounting method (indicator)TrueTrueTrueTrueTrue
Tax year start date2015-06-012014-06-012013-06-012012-06-012010-06-01
Tax year end date2016-05-012015-05-012014-05-012013-05-012011-05-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-08-232016-08-162015-05-142013-12-312012-06-14
IRS schema version2015v3.02014v6.02013v4.02012v2.22010v3.4
Filing identifier201701089349300815201601629349300040201510919349300201201303199349309875201221079349301022
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