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Nonprofit · EIN 48-0276985

IOLA AREA CHAMBER OF COMMERCE INC

Tax-exempt · IOLA, KS 66749

Financials

$112K$102K2023$80K$98K2024
Revenue Expenses · by fiscal year end
Financials of IOLA AREA CHAMBER OF COMMERCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$80,314$97,815-$17,501$104,770$10,980$93,790
December 31, 2023990-EZ$111,566$101,990$9,576$123,897$13,280$110,617
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$26,000
Membership dues
$40,465
Program service revenue
$13,359
Investment income
$490

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$40,544
Professional fees and payments to contractors
$19,085
Occupancy
$15,508
Printing, publications and postage
$296
Other expenses
$22,382
Program services (functional)
$97,815

Balance sheet and other

Total assets, start of year
$123,897
Total assets, end of year
$104,770
Total liabilities, end of year
$10,980
Net assets, end of year
$93,790
Cash, savings and investments
$84,770
Gross receipts
$80,314

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOHN BAKERTREASURER1$0
MILES MENTZERDIRECTOR0.5$0
MISTI KENDRICKDIRECTOR0.5$0
CRYSTAL TAYLORDIRECTOR0.5$0
COREY SCHINSTOCKDIRECTOR0.5$0
APRIL KROENKEPRESIDENT2$0
ANDI GARRETTDIRECTOR1$0
MEGAN HAGMANDIRECTOR0.5$0
JAMIE JENSENDIRECTOR0.5$0
990-EZ for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
JOHN BAKERTREASURER1.5$0
MILES MENTZERDIRECTOR0.5$0
MISTI KENDRICKDIRECTOR0.5$0
CRYSTAL TAYLORDIRECTOR0.5$0
COREY SCHINSTOCKDIRECTOR0.5$0
APRIL KROENKEPRESIDENT0.5$0
ANDI GARRETTDIRECTOR0.5$0
CASEY ROSSDIRECTOR0.5$0
MEGAN HAGMANDIRECTOR0.5$0
JAMIE JENSENDIRECTOR0.5$0

Address and contacts

Address (IRS master file)
205 E MADISON AVE, IOLA, KS 66749-3312
Signed the 990-EZ
JOHN BAKER, TREASURER
Phone
(620) 365-5252
Return prepared by
JARRED GILMORE & PHILLIPS PA

Mission

PROMOTE SOCIAL AND ECONOMIC GROWTH FOR AREA

990-EZ for the year ended December 31, 2024

Program accomplishments

  • MAINTAIN OFFICE AND STAFF FOR THE PURPOSE OF PROMOTING SOCIAL AND ECONOMIC GROWTH WITHIN THE IOLA, KS ECONOMIC AREA
    Expenses $60,693
  • SPONSOR MEETINGS AND EVENTS FOR INDUSTRY APPRECIATION RETAIL PROMOTION, LEGISLATIVE COORDINATION, WORK APPRECIATION & COORDINATION WITH STATE COMMERCE
  • SPONSOR A WEEKEND OF NUMEROUS EVENTS TO INCREASE COMMUNICATION AND UNDERSTANDING BETWEEN AGRI-BUSINESS, AREA BUSINESS AND EMPLOYEES
  • TO SUPPORT TOURISM AND COMMUNITY EVENTS
    Expenses $37,122

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
48-0276985
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$104,770
Income (IRS master file)
$80,314

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$80,314$97,815$104,770XML
990-EZDecember 2023$111,566$101,990$123,897XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 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 48-0276985).

Questions about IOLA AREA CHAMBER OF COMMERCE INC

What is the EIN of IOLA AREA CHAMBER OF COMMERCE INC?
The employer identification number (EIN) of IOLA AREA CHAMBER OF COMMERCE INC is 48-0276985.
Is IOLA AREA CHAMBER OF COMMERCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1983.
Are donations to IOLA AREA CHAMBER OF COMMERCE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does IOLA AREA CHAMBER OF COMMERCE INC 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 IOLA AREA CHAMBER OF COMMERCE INC 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 IOLA AREA CHAMBER OF COMMERCE INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of IOLA AREA CHAMBER OF COMMERCE INC?
The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does IOLA AREA CHAMBER OF COMMERCE INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $80,314, expenses of $97,815 and total assets of $104,770 at year end.

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