Nonprofit · EIN 03-0266353
OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE
Tax-exempt · LUDLOW, VT 05149
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $369,660 | $370,908 | -$1,248 | $38,014 | $76,921 | -$38,907 |
| December 31, 2023 | 990 | $492,934 | $504,064 | -$11,130 | $49,500 | $87,159 | -$37,659 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $103,136
- of which government grants
- $31,200
- Membership dues
- $71,889
- Program service revenue
- $223,244
- Investment income
- $0
- Net income from fundraising events
- $43,280
- Other revenue
- $43,280
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $74,745
- Other salaries and wages
- $45,362
- Salaries, compensation and benefits (total)
- $134,342
- Professional fundraising fees
- $0
- Legal fees
- $550
- Accounting fees
- $13,990
- Occupancy
- $9,987
- Travel
- $3,302
- Depreciation
- $4,073
- Program services (functional)
- $319,622
- Management and general (functional)
- $51,286
Balance sheet and other
- Total assets, start of year
- $49,500
- Total assets, end of year
- $38,014
- Total liabilities, end of year
- $76,921
- Net assets, end of year
- -$38,907
- Land, buildings and equipment
- $18,282
- Gross receipts
- $435,861
- Employees
- 2
- Volunteers
- 50
- Year formed
- 1956
- State of legal domicile
- VT
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carol Lighthall | Executive Director Officer | 30 | $68,419 |
| Gail Beardmore | President Officer | 2 | $0 |
| Tom Gianola | Vice President Officer | 2 | $0 |
| Scott Duffy | Treasurer Officer | 2 | $0 |
| Art Randolph | Secretary Officer | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gail Beardmore | President Officer | 2 | $0 |
| Tom Gianola | Vice President Officer | 2 | $0 |
| Scott Duffy | Treasurer Officer | 2 | $0 |
| Art Randolph | Secretary Officer | 2 | $0 |
| Carol Lighthall | Executive Director Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 333, LUDLOW, VT 05149-0333
- Principal officer (990 for 2024)
- Carol Lighthall, PO Box 333, Ludlow, VT 05149
- Signed the 990
- Carol Lighthall, Executive Director
- Phone
- (802) 228-5830
- Website
- yourplaceinvermont.com
- Return prepared by
- Darlene A Larochelle CPA
Mission
This organization is a Chamber of Commerce. Its main purpose is to help promote the area and surrounding towns to tourists.
Program accomplishments
- Program Service expenses incurred to promote local businesses and events for the purpose of improving the local economy and community.Expenses $319,622 · grants $9,929 · revenue $223,244
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 | Not 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
- 03-0266353
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $38,014
- Income (IRS master file)
- $435,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $369,660 | $370,908 | $38,014 | XML |
| 990 | December 2023 | $492,934 | $504,064 | $49,500 | XML |
| 990 | December 2022 | $333,271 | $345,383 | $44,281 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | 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 03-0266353).
Questions about OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE
- What is the EIN of OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE?
- The employer identification number (EIN) of OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE is 03-0266353.
- Is OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OKEMO VALLEY REGIONAL 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 OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names Carol Lighthall.
- Who are the officers and directors of OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $68,419 (Carol Lighthall, Executive Director).
- How much revenue does OKEMO VALLEY REGIONAL CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $369,660, expenses of $370,908 and total assets of $38,014 at year end.
Other nonprofits in LUDLOW
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- THE DIVIDED SKY FOUNDATION CORPORATION EIN 85-2784579 · last filed 990 for 2024
- OKEMO TUTORIAL PROGRAM INC EIN 03-0336170 · last filed 990 for 2025
- BLACK RIVER GOOD NEIGHBOR SERVICES INC EIN 03-0307817 · last filed 990 for 2024
- AMERICAN LEGION EIN 03-6016554 · last filed 990 for 2024
- FLETCHER MEMORIAL LIBRARY EIN 03-6000120 · last filed 990-PF for 2025
- OKEMO VALLEY TV CORP EIN 03-0370616 · last filed 990 for 2025
- SIDE HILL CRONCHERS INC EIN 23-7354176 · last filed 990 for 2026