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Nonprofit · EIN 56-0556064

BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED

Tax-exempt · BLACK MTN, NC 28711

Financials

$143K$174K2023$154K$175K2024
Revenue Expenses · by fiscal year end
Financials of BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$153,774$175,423-$21,649$64,803$833$63,970
December 31, 2023990-EZ$143,483$173,766-$30,283$85,251$632$84,619
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$21,649
Membership dues
$44,385
Program service revenue
$92,907
Investment income
$25
Net income from sales of inventory
-$5,836
Other revenue
$644

Expenses

Compensation of officers, directors and key employees
$32,390
Salaries, compensation and benefits (total)
$85,089
Professional fees and payments to contractors
$750
Occupancy
$9,310
Printing, publications and postage
$24,710
Other expenses
$55,564
Program services (functional)
$139,861

Balance sheet and other

Total assets, start of year
$85,251
Total assets, end of year
$64,803
Total liabilities, end of year
$833
Net assets, end of year
$63,970
Cash, savings and investments
$42,160
Land and buildings
$22,643
Gross receipts
$168,165

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
Melinda HesterExecutive Director40$32,390
Kenneh FloydBoard President5$0
Tom McMurtyTreasurer5$0
Matthew Daughtry-GrubbsSecretary5$0
Peter BallhaussenBoard Member2$0
Kannah Begley-WalkerBoard Member2$0
Doug HayBoard Member2$0
Jennifer HoltBoard Member2$0
Sara McGeeBoard Member2$0
Scott SearsBoard Member2$0
Olivia TysonBoard Member2$0
June VengoecheaBoard Member2$0
990-EZ for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
Sharon TaborExecutive Director40$33,335
William J BurkBoard President5$0
Kannah BegleyTreasurer5$0
Judi MeltonSecretary5$0
Doug HayBoard Member2$0
Peter BallhausenBoard Member2$0
Matthew Daughtry-GrubbsBoard Member2$0
Jennifer HoltBoard Member2$0
Bill McGeeBoard Member2$0
Tom McMurtryBoard Member2$0
Scott SearsBoard Member2$0
AJ StewartBoard Member2$0
June VengoecheaBoard Member2$0
Ken KramerBoard Member2$0
Joe LaudenslayerBoard Member2$0
Maggie BakerBoard Member2$0

Address and contacts

Address (IRS master file)
201 E STATE ST, BLACK MTN, NC 28711-3524
Signed the 990-EZ
Lee Ann Lewis, Treasurer
Phone
(828) 669-2300
Return prepared by
CORLISS & SOLOMON PLLC

Mission

The mission of the Black Mountain Swannanoa Chamber of Commerce is to serve as the voice of local businesses, fostering a thriving economic environment by supporting entrepreneurship, advocating for business- friendly policies, and championing initiatives that drive sustainable growth.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Sourwood Festival: 30,000 multi-state attendees for a two-day festival,greatly enhancing sales in all areas of the community.This annual event highlights Sourwood honey, which is local to WNC.
    Expenses $139,861
  • Christmas Parade: Fosters the essence of the season and encouragespeople to visit for the weekend boosting sales in local restaurants,shops and hotels. The event showcases the entire area.
  • Holly Jolly: Brings thousands of people to downtown Black Mountain toshop before Christmas. This promotes Chamber member businesses and supports the economy.The event includes childrens activities and draws crowds from several states away.

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
56-0556064
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$64,803
Income (IRS master file)
$168,165

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$153,774$175,423$64,803XML
990-EZDecember 2023$143,483$173,766$85,251XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZJune 2019–––IRS
990June 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 56-0556064).

Questions about BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED

What is the EIN of BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED?
The employer identification number (EIN) of BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED is 56-0556064.
Is BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
Are donations to BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED 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 BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED 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 BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED 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 BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED?
The 990-EZ for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $32,390 (Melinda Hester, Executive Director).
How much revenue does BLACK MOUNTAIN-SWANNANOA CHAMBER OF COMMERCE INCORPORATED have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $153,774, expenses of $175,423 and total assets of $64,803 at year end.

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