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Nonprofit · EIN 56-0902302

FRANKLIN AREA CHAMBER OF COMMERCE INC

Tax-exempt · FRANKLIN, NC 28734

Financials

$972K$665K2023$905K$855K2024
Revenue Expenses · by fiscal year end
Financials of FRANKLIN AREA CHAMBER OF COMMERCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$904,971$854,981$49,990$1,794,667$143,082$1,651,585
December 31, 2023990$972,151$664,784$307,367$1,754,524$152,929$1,601,595
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$159,457
Membership dues
$159,457
Program service revenue
$634,110
Investment income
$31,557
Net rental income
$24,064
Net income from fundraising events
$32,536
Net income from sales of inventory
$17,777
Other revenue
$79,847

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$60,188
Other salaries and wages
$92,686
Salaries, compensation and benefits (total)
$165,480
Professional fundraising fees
$0
Accounting fees
$3,203
Occupancy
$106,774
Travel
$13,974
Depreciation
$2,563
Program services (functional)
$496,086
Management and general (functional)
$358,895

Balance sheet and other

Total assets, start of year
$1,754,524
Total assets, end of year
$1,794,667
Total liabilities, end of year
$143,082
Net assets, end of year
$1,651,585
Land, buildings and equipment
$137,572
Gross receipts
$1,030,248
Employees
3
Year formed
1969
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LINDA C HARBUCKEXECUTIVE DIRECTOR
Officer
0$60,188
MARTHA D BALDWINAMDINISTRATIVE ASST
Key employee
0$47,407
CYNTHIA L CAVENDARMARKETING DIRECTOR
Key employee
0$45,279
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
LINDA C HARBUCKEXECUTIVE DIRECTOR
Officer
0$56,950
MARTHA D BALDWINAMDINISTRATIVE ASST
Key employee
0$44,661
CYNTHIA L CAVENDARMARKETING DIRECTOR
Key employee
0$42,617

Address and contacts

Address (IRS master file)
FRANKLIN AREA CHAMBER OF COMMERCE 9, FRANKLIN, NC 28734-0000
In care of
% LINDA C HARBUCK
Signed the 990
LINDA C HARBUCK, EXECUTIVE DIRECTOR
Phone
(828) 524-3161
Return prepared by
Sharon F Bennett CPB EA Inc

Mission

AREA CHAMBER OF COMMERCE

990 for the year ended December 31, 2024

Program accomplishments

  • LOCAL OCCUPANCY ROOM TAX-ADMINISTERED BY THE MACON COUNTY NC GOVT-DISTRIBUTED TO CHAMBER MONTHLY AND IS USED FOR TOURISM PROMOTION ONLY REGULATED UNDER STATE STATUTE. DIRECTORY/PUBLICATIONS SPONSORED BY CHAMBER MEMBERS FOR AREA PROMOTION PURPOSES.
    Expenses $496,086 · revenue $580,793

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
56-0902302
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,794,667
Income (IRS master file)
$1,030,248

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$904,971$854,981$1,794,667XML
990December 2023$972,151$664,784$1,754,524XML
990December 2022$800,131$547,550$1,457,874IRS
990December 2021–––IRS
990December 2020–––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 56-0902302).

Questions about FRANKLIN AREA CHAMBER OF COMMERCE INC

What is the EIN of FRANKLIN AREA CHAMBER OF COMMERCE INC?
The employer identification number (EIN) of FRANKLIN AREA CHAMBER OF COMMERCE INC is 56-0902302.
Is FRANKLIN AREA CHAMBER OF COMMERCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
Are donations to FRANKLIN AREA CHAMBER OF COMMERCE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FRANKLIN 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 FRANKLIN 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 FRANKLIN 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 December 2024.
Who are the officers and directors of FRANKLIN AREA CHAMBER OF COMMERCE INC?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $60,188 (LINDA C HARBUCK, EXECUTIVE DIRECTOR).
How much revenue does FRANKLIN AREA CHAMBER OF COMMERCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $904,971, expenses of $854,981 and total assets of $1,794,667 at year end.

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