Skip to the page content
Check before you give

Greater Madison Chamber of Commerce

EIN 46-0160860 · Madison, SD

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceNot ratedToo small or too little detailImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROMOTE MEMBERS, THE COMMUNITY, AND ECONOMIC DEVELOPMENT RESULTING IN A BETTER QUALITY OF LIFE IN THE MADISON, SD AREA

Income
$418,044
Spending
$424,681
Employees
3
Volunteers
100
Highest pay
$95,683, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Governance

This return does not answer enough of the governance questions to score.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $66,443 spent. 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 2024 WAS AN EVENT CALLED DOWNTOWN IN MADTOWN, WHICH IS A FAMILY FRIENDLY SUMMER CONCERT SERIES THAT INCLUDES KIDS ACTIVITIES AND FOOD BOOTHS FROM APPROXIMATELY 20 MADISON VENDORS. THE OBJECTIVE OF THE EVENT IS TO GET PEOPLE INTO DOWNTOWN MADISON. THE EVENT AVERAGED ABOUT 3000 PEOPLE IN EACH OF THE SIX WEEKS IT WAS HELD.
  2. $12,044 spent. 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.
  3. $3,875 spent. 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. THE PROGRAM HAS BEEN RUNNING SINCE 2002 AND HAS 400 GRADUATES.
  4. Program Service Expenses 142,759, Grants and allocations 0, Revenue 0 THE MAIN OBJECTIVE OF ALL OTHER PROGRAM SERVICES OFFERED BY THE CHAMBER IS TO PROMOTE BUSINESS IN MADISON, SOUTH DAKOTA.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Caution.

    The IRS master file records contributions to this 501(c)(6) business league as not deductible.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.