Nonprofit · EIN 56-0484971
LEXINGTON AREA CHAMBER OF COMMERCE INC
Tax-exempt · LEXINGTON, NC 27292
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $274,055 | $303,080 | -$29,025 | $32,429 | $35,691 | -$3,262 |
| September 30, 2024 | 990 | $266,690 | $298,838 | -$32,148 | $57,860 | $32,097 | $25,763 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $274,055
- Membership dues
- $136,776
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $61,500
- Other salaries and wages
- $70,891
- Salaries, compensation and benefits (total)
- $140,897
- Professional fundraising fees
- $0
- Accounting fees
- $12,200
- Occupancy
- $14,400
- Program services (functional)
- $303,080
Balance sheet and other
- Total assets, start of year
- $57,860
- Total assets, end of year
- $32,429
- Total liabilities, end of year
- $35,691
- Net assets, end of year
- -$3,262
- Net assets without donor restrictions
- -$8,700
- Net assets with donor restrictions
- $5,438
- Gross receipts
- $274,055
- Employees
- 3
- Volunteers
- 60
- Year formed
- 1946
- State of legal domicile
- NC
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE WALLACE | PRESIDENT Officer | 40 | $61,500 |
| JARROD DUNBAR | DIRECTOR Trustee or director | 2 | $0 |
| MICHELLE ATKINS | DIRECTOR Trustee or director | 2 | $0 |
| TRAVIS STEWART | DIRECTOR Trustee or director | 2 | $0 |
| MORGAN BRINKLE | DIRECTOR Trustee or director | 2 | $0 |
| NAKIA HARDY | DIRECTOR Trustee or director | 2 | $0 |
| EVAN PARSONS | DIRECTOR Trustee or director | 2 | $0 |
| CALEB CORKINS | DIRECTOR Trustee or director | 2 | $0 |
| COURTNEY LOHR | DIRECTOR Trustee or director | 2 | $0 |
| JIM BORLAND | DIRECTOR Trustee or director | 2 | $0 |
| YVROSE LEWIS | DIRECTOR Trustee or director | 2 | $0 |
| CHAD BROWN | DIRECTOR Trustee or director | 2 | $0 |
| HAL ROUTH | DIRECTOR Trustee or director | 2 | $0 |
| JONATHAN RAY | DIRECTOR Trustee or director | 2 | $0 |
| JULIE HARSHAW | DIRECTOR Trustee or director | 2 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE TURLINGTON | DIRECTOR Trustee or director | 2 | $0 |
| GREGG SLATE | DIRECTOR Trustee or director | 2 | $0 |
| DEBBIE HARRIS | BOARD CHAIR Officer | 2 | $0 |
| TIM GWILLIM | CHAIR-ELECT Officer | 2 | $0 |
| JESSICA SNIDER | BOARD TREASURER Officer | 2 | $0 |
990 for the year ended September 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joe Wallace | Executive Director Officer | 40 | $61,500 |
| Jarrod Dunbar | Director Trustee or director | 2 | $0 |
| Michelle Atkins | Director Trustee or director | 2 | $0 |
| Travis Stewart | Director Trustee or director | 2 | $0 |
| Morgan Brinkle | Director Trustee or director | 2 | $0 |
| Nakia Hardy | Director Trustee or director | 2 | $0 |
| Caleb Corkins | Director Trustee or director | 2 | $0 |
| Courtney Lohr | Director Trustee or director | 2 | $0 |
| Matt Lewis | Director Trustee or director | 2 | $0 |
| Yvrose Lewis | Director Trustee or director | 2 | $0 |
| Conrad McKnight | Director Trustee or director | 2 | $0 |
| Tim Gwillim | Director Trustee or director | 2 | $0 |
| Hal Routh | Director Trustee or director | 2 | $0 |
| Nina Smith | Director Trustee or director | 2 | $0 |
| Julie Harshaw | Director Trustee or director | 2 | $0 |
| Mike Turlington | Director Trustee or director | 2 | $0 |
| Andrew Wade | Director Trustee or director | 2 | $0 |
| Debbie Harris | Chair-elect Officer | 2 | $0 |
| Evan Parsons | Board Chair Officer | 2 | $0 |
| Jessica Snider | Board Treasurer Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 507 E CENTER ST, LEXINGTON, NC 27292-4111
- Principal officer (990 for 2024)
- JOE WALLACE, PO DRAWER C, LEXINGTON, NC 27293
- Signed the 990
- JOE WALLACE, PRESIDENT
- Phone
- (336) 248-5929
- Return prepared by
- TURLINGTON AND COMPANY LLP
Mission
PROMOTING COOPERATION IN MATTERS OF INTEREST TO THE BUSINESS OF LEXINGTON, DEVELOP INCREASED CIVIC INTEREST, AND CREATE AND MAINTAIN A HIGHER BUSINESS STANDARD.
Program accomplishments
- PROMOTING COOPERATION IN MATTERS OF INTEREST TO THE BUSINESS OF LEXINGTON, DEVELOP INCREASED CIVIC INTEREST, AND CREATE AND MAINTAIN HIGHER BUSINESS STANDARD.Expenses $303,080
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-0484971
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $32,429
- Income (IRS master file)
- $274,055
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $274,055 | $303,080 | $32,429 | XML |
| 990 | September 2024 | $266,690 | $298,838 | $57,860 | XML |
| 990 | September 2023 | $260,779 | $252,771 | $87,905 | IRS |
| 990 | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 56-0484971).
Questions about LEXINGTON AREA CHAMBER OF COMMERCE INC
- What is the EIN of LEXINGTON AREA CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of LEXINGTON AREA CHAMBER OF COMMERCE INC is 56-0484971.
- Is LEXINGTON AREA CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1954.
- Are donations to LEXINGTON AREA CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEXINGTON 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 LEXINGTON AREA CHAMBER OF COMMERCE INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEXINGTON AREA CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of LEXINGTON AREA CHAMBER OF COMMERCE INC?
- The 990 for the year ended September 30, 2025 names JOE WALLACE.
- Who are the officers and directors of LEXINGTON AREA CHAMBER OF COMMERCE INC?
- The 990 for the year ended September 30, 2025 lists 20 people; 1 received compensation from the organization, the highest $61,500 (JOE WALLACE, PRESIDENT).
- How much revenue does LEXINGTON AREA CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $274,055, expenses of $303,080 and total assets of $32,429 at year end.
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