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Nonprofit · EIN 48-0305580

CHAMBER OF COMMERCE

Tax-exempt · LAWRENCE, KS 66044

Financials

$1.8M$1.7M2023$2M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,032,671$1,826,594$206,077$1,010,206$297,098$713,108
December 31, 2023990$1,775,626$1,682,855$92,771$907,043$365,302$541,741
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,441,406
of which government grants
$414,005
Membership dues
$992,691
Program service revenue
$546,585
Investment income
$21,880
Net rental income
$22,800
Other revenue
$22,800

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$840,048
Salaries, compensation and benefits (total)
$1,020,748
Professional fundraising fees
$0
Legal fees
$150
Accounting fees
$33,801
Occupancy
$80,650
Travel
$2,822
Depreciation
$9,100

Balance sheet and other

Total assets, start of year
$907,043
Total assets, end of year
$1,010,206
Total liabilities, end of year
$297,098
Net assets, end of year
$713,108
Land, buildings and equipment
$16,390
Net assets without donor restrictions
$397,059
Net assets with donor restrictions
$316,049
Gross receipts
$2,032,671
Employees
14
Volunteers
155
Year formed
1922
State of legal domicile
KS

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.

NameTitleHours / weekCompensationOther / benefits
BONNIE LOWEPRESIDENT
Officer
40$161,884$14,765
KRISTEN ELDRIDEPAST CHAIR
Trustee or director
1$0$0
MARK BUHLERMEMBER
Trustee or director
0.5$0$0
BRANDON GRAHAMMEMBER
Trustee or director
0.5$0$0
HEATH PETERSONMEMBER
Trustee or director
0.5$0$0
KATE CHINNINCOMING CHAIR
Trustee or director
1$0$0
PAUL DAVISMEMBER
Trustee or director
0.5$0$0
CHRIS KOHARTMEMBER
Trustee or director
0.5$0$0
TONY KRSNICHMEMBER
Trustee or director
0.5$0$0
LON MEYERMEMBER
Trustee or director
0.5$0$0
OLIVER MINNISMEMBER
Trustee or director
0.5$0$0
AMBER NICKELMEMBER
Trustee or director
0.5$0$0
MATT GOUGHMEMBER
Trustee or director
0.5$0$0
TRICIA BERGMANMEMBER
Trustee or director
0.5$0$0
JEFF HAMMMEMBER
Trustee or director
0.5$0$0
12 more people on this return
NameTitleHours / weekCompensation
STEVEN HERTZOGMEMBER
Trustee or director
0.5$0
ROBERT HULSEMEMBER
Trustee or director
0.5$0
NICOLE RIALSMEMBER
Trustee or director
0.5$0
KAYLEE SELLMEMBER
Trustee or director
0.5$0
RUSS JOHNSONCHAIR
Trustee or director
1$0
KEN HITETREASURER
Trustee or director
1$0
JASON BOOKERMEMBER
Trustee or director
0.5$0
MIKE BERNHOLTZMEMBER
Trustee or director
0.5$0
KATHLEEN MORGANMEMBER
Trustee or director
0.5$0
KARLA LEEPERMEMBER
Trustee or director
0.5$0
DAN MARTINMEMBER
Trustee or director
0.5$0
GINA MEIER-HUMMELMEMBER
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 28 people
NameTitleHours / weekCompensationOther / benefits
BONNIE LOWEPRESIDENT
Officer
40$165,338$15,714
STEPHEN R KELLYVICE PRESIDENT OF ECONOMIC
Highest-paid employee
40$141,667$0
HUGH CARTERVICE PRESIDENT OF EXTERNAL
Highest-paid employee
40$105,186$0
DEREK KWANPAST CHAIR
Trustee or director
1$0$0
MARK BUHLERMEMBER
Trustee or director
0.5$0$0
BRANDON GRAHAMMEMBER
Trustee or director
0.5$0$0
HEATH PETERSONMEMBER
Trustee or director
0.5$0$0
KRISTIN ELDRIDGEBOARD CHAIR
Trustee or director
1$0$0
RUSS JOHNSONINCOMING CHAIR
Trustee or director
1$0$0
JASON BOOKERMEMBER
Trustee or director
0.5$0$0
BRADLEY BURNSIDEMEMBER
Trustee or director
0.5$0$0
KATE CHINNTREASURER
Trustee or director
1$0$0
JEROME DAVIESMEMBER
Trustee or director
0.5$0$0
PAUL DAVISMEMBER
Trustee or director
0.5$0$0
CARTER GASKINSMEMBER
Trustee or director
0.5$0$0
KEN HITEMEMBER
Trustee or director
0.5$0$0
CHRIS KOHARTMEMBER
Trustee or director
0.5$0$0
TONY KRSNICHMEMBER
Trustee or director
0.5$0$0
LON MEYERMEMBER
Trustee or director
0.5$0$0
OLIVER MINNISMEMBER
Trustee or director
0.5$0$0
AMBER NICKELMEMBER
Trustee or director
0.5$0$0
MATT GOUGHMEMBER
Trustee or director
0.5$0$0
TRICIA BERGMANMEMBER
Trustee or director
0.5$0$0
JEFF HAMMMEMBER
Trustee or director
0.5$0$0
STEVEN HERTZOGMEMBER
Trustee or director
0.5$0$0
ROBERT HULSEMEMBER
Trustee or director
0.5$0$0
NICOLE RIALSMEMBER
Trustee or director
0.5$0$0
KAYLEE SELLMEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
718 NEW HAMPSHIRE ST, LAWRENCE, KS 66044-2736
Principal officer (990 for 2024)
BONNIE LOWE, 718 NEW HAMPSHIRE STREET, LAWRENCE, KS 66044
Signed the 990
BONNIE LOWE, PRESIDENT
Phone
(785) 865-4411
Return prepared by
TROUTT BEEMAN & CO PC

Mission

PROMOTE GROWTH AND ECONOMIC PROSPERITY BY SERVING AS THE LEADING BUSINESS ADVOCATE, CULTIVATING LEADERSHIP AND FACILITATING CONNECTIVITY.

990 for the year ended December 31, 2024

Program accomplishments

  • OVER 800 MEMBER BUSINESSES STRONG - THE CHAMBER IS WORKING TO ADVANCE THE COMMERCIAL, INDUSTRIAL, EDUCATIONAL AND CIVIC INTERESTS OF OUR CITY, COUNTY AND REGION. THIS WORK IS BEING DONE WITH OUR MEMBER BUSINESSES AND IN PARTNERSHIP WITH STRONG COMMUNITY PARTNERS. IN 2024, OUR LEADERSHIP DEVELOPMENT PROGRAM (LEADERSHIP LAWRENCE) HAD 37 GRADUATES. THE CHAMBER IS ALSO WORKING WITH PARTNERS TO HARNESS OPPORTUNITIES FOR OUR COMMUNITY FROM THE DEVELOPING LITHIUM-ION BATTERY MANUFACTURING PLANT AND THE UPCOMING REGIONAL AND INTERNATIONAL SPORTING EVENTS.

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 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
48-0305580
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,010,206
Income (IRS master file)
$2,032,671

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,032,671$1,826,594$1,010,206XML
990December 2023$1,775,626$1,682,855$907,043XML
990December 2022$1,623,799$1,653,406$898,606IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 48-0305580).

Questions about CHAMBER OF COMMERCE

What is the EIN of CHAMBER OF COMMERCE?
The employer identification number (EIN) of CHAMBER OF COMMERCE is 48-0305580.
Is CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
Are donations to CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does 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 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 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 CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 names BONNIE LOWE.
Who are the officers and directors of CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 lists 27 people; 1 received compensation from the organization, the highest $161,884 (BONNIE LOWE, PRESIDENT).
How much revenue does CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,032,671, expenses of $1,826,594 and total assets of $1,010,206 at year end.

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