Nonprofit · EIN 54-0251652
HOPEWELL CHAMBER OF COMMERCE
Tax-exempt · HOPEWELL, VA 23860
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $292,413 | $275,400 | $17,013 | $315,009 | $0 | $315,009 |
| December 31, 2023 | 990 | $292,646 | $285,392 | $7,254 | $315,460 | $185 | $315,275 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $104
- Program service revenue
- $285,595
- Investment income
- $6,458
- Net rental income
- $256
- Other revenue
- $256
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $80,000
- Other salaries and wages
- $47,035
- Salaries, compensation and benefits (total)
- $143,413
- Professional fundraising fees
- $0
- Legal fees
- $8,525
- Depreciation
- $5,598
- Program services (functional)
- $261,631
- Management and general (functional)
- $13,769
Balance sheet and other
- Total assets, start of year
- $315,460
- Total assets, end of year
- $315,009
- Total liabilities, end of year
- $0
- Net assets, end of year
- $315,009
- Land, buildings and equipment
- $92,049
- Net assets without donor restrictions
- $280,183
- Net assets with donor restrictions
- $34,826
- Gross receipts
- $309,115
- Employees
- 4
- Volunteers
- 4
- Year formed
- 1920
- State of legal domicile
- VA
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 |
|---|---|---|---|
| BECKY MCDONOUGH | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $80,000 |
| KERRICK LOYD | PRESIDENT Trustee or director | 1 | $0 |
| ANDREW PARKER | VICE PRESIDENT Trustee or director | 0.5 | $0 |
| BRANDON BUTTERWORTH | TREASURER Trustee or director | 0.5 | $0 |
| TERRELLE ROBINSON | SECRETARY Trustee or director | 0.5 | $0 |
| DANA NEWCOMER | PAST PRESIDENT Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Becky McDonough | CEO Trustee or director, Officer | 40 | $80,000 |
| Dana Newcomer | President Trustee or director | 1 | $0 |
| Adam Perry | Vice President Trustee or director | 0.5 | $0 |
| Robin Moore | Treasurer Trustee or director | 0.5 | $0 |
| Nicole Fernandez | Secretary Trustee or director | 0.5 | $0 |
| Colin Romanick | Past President Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4100 OAKLAWN BLVD, HOPEWELL, VA 23860-6514
- In care of
- % REBECCA MCDONOUGH
- Principal officer (990 for 2024)
- BECKY MCDONOUGH, 4100 OAKLAWN BLVD, HOPEWELL, VA 23860
- Signed the 990
- BECKY MCDONOUGH, CHIEF EXECUTIVE OFFICER
- Phone
- (804) 541-2461
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
MISSION IS TO CHAMPION A THRIVING, VIABLE, AND ENERGIZED BUSINESS COMMUNITY TO IMPROVE THE QUALITY OF LIFE IN THIS REGION.
Program accomplishments
- MEMBER BENEFITS INCLUDE BUSINESS HELP DESK, CORPORATE SOCIAL RESPONSIBILITY, PRO-BUSINESS ADVOCACY, MEMBER GATHERINGS, AND MARKETING AND PROMOTION. THE CHAMBER ALSO MANAGES THE REGIONAL TOURISM PROGRAMS AND A NEW MILITARY AFFAIRS COUNCIL LAUNCHED FOR THE REGION.Expenses $261,631 · revenue $285,595
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
- 54-0251652
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $315,009
- Income (IRS master file)
- $309,115
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $292,413 | $275,400 | $315,009 | IRS |
| 990 | December 2023 | $292,646 | $285,392 | $315,460 | XML |
| 990 | December 2022 | – | – | – | 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 54-0251652).
Questions about HOPEWELL CHAMBER OF COMMERCE
- What is the EIN of HOPEWELL CHAMBER OF COMMERCE?
- The employer identification number (EIN) of HOPEWELL CHAMBER OF COMMERCE is 54-0251652.
- Is HOPEWELL CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2025.
- Are donations to HOPEWELL CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOPEWELL 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 HOPEWELL 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 HOPEWELL 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 HOPEWELL CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names BECKY MCDONOUGH.
- Who are the officers and directors of HOPEWELL CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $80,000 (BECKY MCDONOUGH, CHIEF EXECUTIVE OFFICER).
- How much revenue does HOPEWELL CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $292,413, expenses of $275,400 and total assets of $315,009 at year end.
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