Nonprofit · EIN 04-1542107
LEXINGTON CHAMBER OF COMMERCE
Tax-exempt · LEXINGTON, MA 02420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $150,183 | $150,048 | $135 | $94,392 | $39,180 | $55,212 |
| December 31, 2024 | 990 | $103,396 | $117,349 | -$13,953 | $136,119 | $83,176 | $52,943 |
| December 31, 2023 | 990 | $120,896 | $121,603 | -$707 | $156,971 | $90,075 | $66,896 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $147,954
- of which government grants
- $1,875
- Membership dues
- $83,865
- Program service revenue
- $0
- Investment income
- $2,229
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $50,694
- Salaries, compensation and benefits (total)
- $66,192
- Professional fundraising fees
- $0
- Accounting fees
- $2,100
- Occupancy
- $7,800
- Program services (functional)
- $119,014
- Management and general (functional)
- $28,785
- Fundraising (functional)
- $2,249
Balance sheet and other
- Total assets, start of year
- $136,119
- Total assets, end of year
- $94,392
- Total liabilities, end of year
- $39,180
- Net assets, end of year
- $55,212
- Net assets without donor restrictions
- $55,212
- Gross receipts
- $150,183
- Employees
- 4
- Year formed
- 1930
- State of legal domicile
- MA
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 |
|---|---|---|---|
| Olivia Kelley | Executive Director Officer, Key employee | 40 | $37,600 |
| Maija Sawyer Puleo | DirectorFormer Executive Director Trustee or director | 3.5 | $6,400 |
| Steve Feldman | Director Trustee or director | 1.25 | $0 |
| Gardy Desrouleaux | Director Trustee or director | 1 | $0 |
| John Honey | Director Trustee or director | 1 | $0 |
| Cleveland Coats | Director Trustee or director | 2 | $0 |
| Jim Shaw | Former Chairperson Trustee or director | 1.5 | $0 |
| Areg Hakhinian | Director Trustee or director | 1 | $0 |
| Shiobanne Karampekios | Director Trustee or director | 2.5 | $0 |
| Veronica Caira | Treasurer Officer | 2 | $0 |
| Martha Sevigny | Chairperson Officer | 2 | $0 |
| Erin Finn | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather Hartshorn | Executive Director Former | 20 | $44,671 |
| Susan Derosa | Bookkeeper Key employee | 4 | $6,505 |
| Maija Sawyer Puleo | Executive Director Key employee | 20 | $4,000 |
| Jaima Fogg | Ad Hoc Director Trustee or director | 2 | $0 |
| Sandhya Iyer | Ad Hoc Director Trustee or director | 1 | $0 |
| Gardy Desrouleaux | Director Trustee or director | 2 | $0 |
| Cleveland Coats | Director Trustee or director | 2 | $0 |
| Jim Shaw | Chairperson Trustee or director | 2 | $0 |
| Catherine Liyun Zhang | Vice Chairperson Trustee or director | 2 | $0 |
| Veronica Caira | Treasurer Trustee or director | 1 | $0 |
| Martha Sevigny | Secretary Trustee or director | 2 | $0 |
| Husam Alsayed Ali | Director Trustee or director | 1 | $0 |
| Erin Finn | Director Trustee or director | 2 | $0 |
| Steve Feldman | Director Trustee or director, Officer | 2 | $0 |
| John Honey | Director Trustee or director, Officer | 2 | $0 |
| Areg Hakhinian | Director Trustee or director, Officer | 1 | $0 |
| Cooper Robbins | Director Trustee or director, Officer | 1 | $0 |
| Shiobanne Karampekios | Director Trustee or director, Officer | 1 | $0 |
| Andreina Toro | Director Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather Hartsorn | Executive Director Highest-paid employee | 20 | $43,000 |
| Susan Derosa | Bookkeeper Key employee | 4 | $8,301 |
| Veronica Caira | Treasurer Trustee or director | 1 | $0 |
| Catherine Liyun Zhang | Vice Chairperson Trustee or director | 2 | $0 |
| Erin Finn | Director Trustee or director | 2 | $0 |
| Husam Alsayed Ali | Director Trustee or director | 1 | $0 |
| John Honey | Secretary Trustee or director | 2 | $0 |
| Jim Shaw | Chairperson Trustee or director | 2 | $0 |
| Gardy Desrouleaux | Director Trustee or director | 2 | $0 |
| Sandhya Iyer | Ad Hoc Director Trustee or director | 1 | $0 |
| Cleveland Coats | Director Trustee or director | 2 | $0 |
| Glen Kernusky | Ad Hoc Director Trustee or director | 2 | $0 |
| Martha Sevigny | Director Trustee or director, Officer | 1 | $0 |
| Andreina Toro | Director Trustee or director, Officer | 1 | $0 |
| Cooper Robbins | Director Trustee or director, Officer | 1 | $0 |
| Boris Nikitin | Director Trustee or director, Officer | 2 | $0 |
| Sherri McCormack | Director Trustee or director, Officer | 2 | $0 |
| Areg Hakhinian | Director Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1620 MASSACHUSETTS AVENUE, LEXINGTON, MA 02420-3831
- In care of
- % VERONICA CAIRA
- Signed the 990
- VERONICA CAIRA, Treasurer
- Phone
- (781) 862-2480
- Return prepared by
- Litchfield Vo & Associates LLC
Mission
To promote and develop a diverse local economy and overall prosperity within the Lexington, Massachusetts business community, so as to support an enhanced quality of life for the town and its people.
Program accomplishments
- To promote business in the Town of Lexington, Massachusetts,in support of its membership.Expenses $39,672
- To foster a better understanding of the role of the business community in the fulfillment of the goals of the community.Expenses $39,671
- To make Lexington a better place to work, live and visit, in keeping with the historical significance of the town.Expenses $39,671
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
- 04-1542107
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $94,392
- Income (IRS master file)
- $150,183
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $150,183 | $150,048 | $94,392 | IRS |
| 990 | December 2024 | $103,396 | $117,349 | $136,119 | IRS |
| 990 | December 2023 | $120,896 | $121,603 | $156,971 | XML |
| 990 | December 2022 | $131,465 | $140,390 | $156,356 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-1542107).
Questions about LEXINGTON CHAMBER OF COMMERCE
- What is the EIN of LEXINGTON CHAMBER OF COMMERCE?
- The employer identification number (EIN) of LEXINGTON CHAMBER OF COMMERCE is 04-1542107.
- Is LEXINGTON CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1985.
- Are donations to LEXINGTON CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEXINGTON 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 LEXINGTON 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 LEXINGTON 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 are the officers and directors of LEXINGTON CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $37,600 (Olivia Kelley, Executive Director).
- How much revenue does LEXINGTON CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $150,183, expenses of $150,048 and total assets of $94,392 at year end.
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- MASSACHUSETTS SOCIETY FOR THE PREVENTION OF CRUELTY TO CHILDREN EIN 04-2103596 · last filed 990 for 2025
- LEXINGTON CHRISTIAN ACADEMY EIN 04-2134815 · last filed 990 for 2025
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