Nonprofit · EIN 23-7298285
SHERWOOD CHAMBER OF COMMERCE
Tax-exempt · SHERWOOD, AR 72120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $186,303 | $169,226 | $17,077 | $74,626 | $0 | $74,626 |
| December 31, 2023 | 990 | $161,030 | $164,897 | -$3,867 | $57,549 | $0 | $57,549 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $85,390
- Membership dues
- $85,390
- Program service revenue
- $41,206
- Investment income
- $266
- Net income from fundraising events
- $55,437
- Other revenue
- $59,441
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $51,480
- Other salaries and wages
- $13,971
- Salaries, compensation and benefits (total)
- $73,612
- Professional fundraising fees
- $0
- Legal fees
- $38
- Accounting fees
- $2,510
- Occupancy
- $29,813
- Travel
- $1,413
- Program services (functional)
- $169,226
Balance sheet and other
- Total assets, start of year
- $57,549
- Total assets, end of year
- $74,626
- Total liabilities, end of year
- $0
- Net assets, end of year
- $74,626
- Net assets without donor restrictions
- $74,626
- Gross receipts
- $216,602
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1973
- State of legal domicile
- AR
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 |
|---|---|---|---|
| Drew Williams | Chairman Trustee or director | 2 | $0 |
| Kim Housley | Incoming Chairman Trustee or director | 1 | $0 |
| Kim Hibbard | Secretary Trustee or director | 1 | $0 |
| Myra Randolph | Treasurer Trustee or director, Officer | 2 | $0 |
| Dillon Eberle | Past Chariman Trustee or director, Officer | 0.25 | $0 |
| Paul Wilson | Executive Committee Trustee or director | 0.25 | $0 |
| Mike Kelly | Executive Committee Trustee or director | 0.25 | $0 |
| Brook Weishaar | Director Trustee or director | 0.25 | $0 |
| Megan Bonney | Director Trustee or director | 0.25 | $0 |
| Kristen Kennon | Director Trustee or director | 0.25 | $0 |
| Laura Bowerman | Director Trustee or director | 0.25 | $0 |
| Kyle Drake | Director Trustee or director | 0.25 | $0 |
| Nicholas Cooper | Director Trustee or director | 0.25 | $0 |
| Jacob Garett | Director Trustee or director | 0.25 | $0 |
| Veronica Vega | President Officer | 40 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Veronica Vega | President Officer | 40 | $45,836 |
| Dillon Eberle | Chairman Trustee or director | 2 | $0 |
| Drew Williams | Incoming Chairman Trustee or director | 1 | $0 |
| Teri Cox | Past Chairman Trustee or director | 1 | $0 |
| Myra Randolph | Treasurer Trustee or director, Officer | 2 | $0 |
| Kim Housley | Secretary Trustee or director, Officer | 0.25 | $0 |
| Paul Wilson | Executive Committee Trustee or director | 0.25 | $0 |
| Kim Hibbard | Executive Committee Trustee or director | 0.25 | $0 |
| Mack Hutchison | Director Trustee or director | 0.25 | $0 |
| Mike Kelly | Director Trustee or director | 0.25 | $0 |
| Damien Evans-Delrie | Director Trustee or director | 0.25 | $0 |
| Sue Khoo | Director Trustee or director | 0.25 | $0 |
| Brook Weishaar | Director Trustee or director | 0.25 | $0 |
| Kristen Kennon | Director Trustee or director | 0.25 | $0 |
| Laura Bowerman | Director Trustee or director | 0.25 | $0 |
| Megan Bonney | Director Trustee or director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 208 E KIEHI AVE SUITE 104, SHERWOOD, AR 72120-2963
- Principal officer (990 for 2024)
- Veronica Vega, 7510 Highway 107, Sherwood, AR 72120
- Signed the 990
- Veronica Vega, President
- Phone
- (501) 835-7600
- Website
- sherwoodchamber.net
- Return prepared by
- BONDS AND COMPANY PA
Mission
The mission of the Sherwood Area Chamber of Commerce is to enhance the business environment, the economic well-being and quality of life for the Sherwood area. Our association consists of businesses, organizations, and individuals that work toward the interests of our business community. We continue to focus on growing the local economy, advocating on behalf of our members at all levels of government as well as our educational establishments.
Program accomplishments
- The Chamber implemented an Economic Development Program, funded by the city of Sherwood, to promote Sherwood. We strive to be the "go to organization for business networking, business expansion, professional development and community relationships. Membership participation helps to increase the awareness of economic growth in the Sherwood and Pulaski County area. Our Office of Economic Development has invested time, energy, and resources to attract jobs, retain businesses and generate economic development for the entire community.
- Significant activities include business advocacy, member services, and educational and compliance services. Business advocacy involves the support of pro-business legislation that encourages job creation and economic growth in Sherwood. Member services involve cost savings programs such as insurance benefits, discounts within business community, and networking opportunities to connect members with the local community. Educaitonal and compliance services involve providing educatinal seminars on business related topics to keep members as well as the local business community informed.
- We offer a variety of events that provide valuable networking opportunities and avenues for business exposure. These events serve four primary functions for our members and the community: promote, honor, connect and grow. The events include a service awards luncheon to honor our local first responders, an annual banquet to honor chamber and community leaders, an Academic Signing Day recognizing student achievement in our local schools, a golf tournament showcasing out beautiful city-owned golf course, a community fish fry connecting the business community with local residents and a Veterans' Day parade to honor local and state veterans organizations.
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
- 23-7298285
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $74,626
- Income (IRS master file)
- $216,602
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $186,303 | $169,226 | $74,626 | IRS |
| 990 | December 2023 | $161,030 | $164,897 | $57,549 | XML |
| 990 | December 2022 | $220,745 | $220,288 | $61,416 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 23-7298285).
Questions about SHERWOOD CHAMBER OF COMMERCE
- What is the EIN of SHERWOOD CHAMBER OF COMMERCE?
- The employer identification number (EIN) of SHERWOOD CHAMBER OF COMMERCE is 23-7298285.
- Is SHERWOOD CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1973.
- Are donations to SHERWOOD CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SHERWOOD 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 SHERWOOD 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 SHERWOOD 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 SHERWOOD CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names Veronica Vega.
- Who are the officers and directors of SHERWOOD CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does SHERWOOD CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $186,303, expenses of $169,226 and total assets of $74,626 at year end.
Other nonprofits in SHERWOOD
- DELTA DENTAL PLAN OF ARKANSAS INC EIN 71-0561140 · last filed 990 for 2024
- CHRISTOPHER HOMES INC EIN 71-0584467 · last filed 990 for 2025
- DELTA DENTAL OF ARKANSAS FOUNDATION INC EIN 26-1569324 · last filed 990-PF for 2024
- DEDICATING RESOURCES TO EXCEL ALL MINDS EIN 26-0598159 · last filed 990 for 2025
- BROWNE FAMILY FOUNDATION INC EIN 82-3750659 · last filed 990-PF for 2025
- PRAYER WORKS MINISTRIES EIN 92-3345879 · last filed 990 for 2024
- ARKANSAS STATE SOCCER ASSOCIATION INC EIN 71-0543109 · last filed 990 for 2025
- ARKANSAS STATE DENTAL ASSOCIATION EIN 71-0253143 · last filed 990 for 2024