Nonprofit · EIN 42-0121770
ATLANTIC AREA CHAMBER OF COMMERCE
Tax-exempt · ATLANTIC, IA 50022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $291,476 | $287,669 | $3,807 | $28,763 | $0 | $28,763 |
| December 31, 2023 | 990 | $227,071 | $247,197 | -$20,126 | $24,956 | $0 | $24,956 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $172,541
- of which government grants
- $92,700
- Membership dues
- $76,251
- Program service revenue
- $110,871
- Investment income
- $1
- Net rental income
- $875
- Net income from sales of inventory
- $6,385
- Other revenue
- $8,063
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $58,907
- Other salaries and wages
- $52,268
- Salaries, compensation and benefits (total)
- $128,931
- Professional fundraising fees
- $0
- Accounting fees
- $3,600
- Occupancy
- $13,791
- Travel
- $1,348
- Program services (functional)
- $103,564
Balance sheet and other
- Total assets, start of year
- $24,956
- Total assets, end of year
- $28,763
- Total liabilities, end of year
- $0
- Net assets, end of year
- $28,763
- Net assets without donor restrictions
- $28,763
- Gross unrelated business income
- $7,260
- Gross receipts
- $291,476
- Employees
- 3
- Volunteers
- 600
- Year formed
- 1941
- State of legal domicile
- IA
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 |
|---|---|---|---|
| BAILEY SMITH | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $58,907 |
| TIM CAPPEL | PRESIDENT Officer | 1 | $0 |
| CASSIE BERENS | PAST PRESIDENT Officer | 1 | $0 |
| ANNE QUIST | VICE PRESIDENT Officer | 1 | $0 |
| RANDY WATTS | DIRECTOR Trustee or director | 0.5 | $0 |
| GRAYDON SCHMIDT | DIRECTOR Trustee or director | 0.5 | $0 |
| KOLTON HEWLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| BILL SALUK | DIRECTOR Trustee or director | 0.5 | $0 |
| KATELYN BURNETT | DIRECTOR Trustee or director | 0.5 | $0 |
| MELISSA IHNEN | DIRECTOR Trustee or director | 0.5 | $0 |
| CARRIE SCHMITT | DIRECTOR Trustee or director | 0.5 | $0 |
| JAKE VETTER | DIRECTOR Trustee or director | 0.5 | $0 |
| BECKY WILLRICH | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BAILEY SMITH | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $52,863 |
| BRIAN RUGE | PRESIDENT Officer | 1 | $0 |
| CASSIE BERENS | VICE PRESIDENT Officer | 1 | $0 |
| KENT HANSON | PAST PRESIDENT Officer | 1 | $0 |
| AMANDA HANSEN | 2ND VICE PRESIDENT Officer | 1 | $0 |
| TIM CAPPEL | TREASURER Officer | 1 | $0 |
| RANDY WATTS | DIRECTOR Trustee or director | 0.5 | $0 |
| GRAYDON SCHMIDT | DIRECTOR Trustee or director | 0.5 | $0 |
| KOLTON HEWLETT | DIRECTOR Trustee or director | 0.5 | $0 |
| AMANDA GUDE | DIRECTOR Trustee or director | 0.5 | $0 |
| ANNE QUIST | DIRECTOR Trustee or director | 0.5 | $0 |
| MELISSA IHNEN | DIRECTOR Trustee or director | 0.5 | $0 |
| JON JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 102 CHESTNUT ST, ATLANTIC, IA 50022-1059
- Principal officer (990 for 2024)
- BAILEY SMITH, 102 CHESTNUT ST, ATLANTIC, IA 50022
- Signed the 990
- ANNE QUIST, PRESIDENT
- Phone
- (712) 243-3017
- Website
- WWW.ATLANTICIOWA.COM
- Return prepared by
- Rush CPA & Associates PLLC
Mission
TO PROMOTE BUSINESSES AND BOLSTER ACTIVITY WITHIN ATLANTIC, IOWA.
Program accomplishments
- THE ATLANTIC AREA CHAMBER OF COMMERCE HELD APPOXIMATELY 20 EVENTS AND PROGRAMS TO PROMOTE BUSINESSES AND BOLSTER ACTIVITY WITHIN THE COMMUNITY. ITS LARGEST EVENT WAS ATLANTICFEST.Expenses $22,529
- THE ATLANTIC AREA CHAMBER OF COMMERCE HELD APPROXIMATELY 20 EVENTS AND PROGRAMS TO PROMOTE BUSINESSES AND BOLSTER ACTIVITY WITHIN THE COMMUNITY. ITS SECOND LARGEST EVENT WAS CHRISTMAS IN ATLANTIC.Expenses $14,721
- THE ATLANTIC AREA CHAMBER OF COMMERCE HELD APPROXIMATELY 20 EVENTS AND PROGRAMS TO PROMOTE BUSINESSES AND BOLSTER ACTIVITY WITH THE COMMUNITY. ITS THIRD LARGEST EVENT WAS THE SHOP LOCAL EVENT.Expenses $10,417
- OTHER SMALLER EVENTS THROUGHOUT THE YEARExpenses $55,897
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
- 42-0121770
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $28,763
- Income (IRS master file)
- $291,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $291,476 | $287,669 | $28,763 | IRS |
| 990 | December 2023 | $227,071 | $247,197 | $24,956 | XML |
| 990 | December 2022 | $248,537 | $273,168 | $44,895 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 42-0121770).
Questions about ATLANTIC AREA CHAMBER OF COMMERCE
- What is the EIN of ATLANTIC AREA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of ATLANTIC AREA CHAMBER OF COMMERCE is 42-0121770.
- Is ATLANTIC AREA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1971.
- Are donations to ATLANTIC AREA CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ATLANTIC AREA 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 ATLANTIC AREA 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 ATLANTIC AREA 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 ATLANTIC AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names BAILEY SMITH.
- Who are the officers and directors of ATLANTIC AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $58,907 (BAILEY SMITH, EXECUTIVE DIRECTOR).
- How much revenue does ATLANTIC AREA CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $291,476, expenses of $287,669 and total assets of $28,763 at year end.
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- ZION INTEGRATED BEHAVIORAL HEALTH SERVICES INC EIN 42-1012435 · last filed 990 for 2024
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- NISHNA VALLEY FAMILY YOUNG MENS CHRISTIAN ASSOCIATION EIN 42-0844143 · last filed 990 for 2025
- PARTNERSHIP FOR PROGRESS INC EIN 42-1504022 · last filed 990 for 2025
- ATLANTIC GOLF & COUNTRY CLUB EIN 42-0276532 · last filed 990 for 2025
- SOUTHWEST IOWA HOUSING TRUST FUND INC EIN 02-0749992 · last filed 990 for 2025
- CASS COUNTY HEALTH SYSTEM FOUNDATION EIN 42-6122260 · last filed 990 for 2025