Nonprofit · EIN 56-1762978
ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION
Also known as COMMUNITY BETTERMENT FOUNDATION
Tax-exempt · ASHEVILLE, NC 28802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,585,458 | $2,495,076 | $90,382 | $2,326,738 | $1,262,555 | $1,064,183 |
| June 30, 2024 | 990 | $1,110,442 | $1,260,699 | -$150,257 | $1,855,987 | $882,186 | $973,801 |
| June 30, 2023 | 990 | $3,782,364 | $4,013,723 | -$231,359 | $2,151,279 | $1,027,221 | $1,124,058 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,467,500
- of which government grants
- $40,000
- Program service revenue
- $73,244
- Investment income
- $44,714
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,065,165
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,478,193
- Fundraising (functional)
- $16,883
Balance sheet and other
- Total assets, start of year
- $1,855,987
- Total assets, end of year
- $2,326,738
- Total liabilities, end of year
- $1,262,555
- Net assets, end of year
- $1,064,183
- Net assets without donor restrictions
- $1,064,183
- Gross receipts
- $2,585,458
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1991
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kathryn Cramer | Secretary Officer | 1 | $0 | $325,366 | $26,683 |
| Ben Hamrick | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John FAV Cecil | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Austin Walker | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Carolyn Coward | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dana Stonestreet | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Himanshu Karvir | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Janice Brumit | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kevin Hefner | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Laura Webb | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Robert C Roberts | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Sabrina Rockoff | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Suzanne Deferie | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Terri King | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| W Louis Bissette | Board Member Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William AV Cecil Jr | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kathryn Cramer | Secretary Officer | 1 | $0 | $335,570 | $27,003 |
| Ben Hamrick | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| John F A V Cecil | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Suzanne Deferie | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Austin Walker | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Carolyn Coward | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Dana Stonestreet | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Himanshu Karvir | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Janice Brumit | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kevin Hefner | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Laura Webb | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Robert Roberts | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Terri King | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Tracy Buchanan | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| W Louis Bissette | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| William A V Cecil | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHRYN CRAMER | SECRETARY Officer | 1 | $0 | $288,212 | $25,338 |
| JANICE BRUMIT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN F A V CECIL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUZANNE DEFERIE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BEN HAMRICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| W LOUIS BISSETTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TRACY BUCHANAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM A V CECIL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN COWARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HIMANSHU KARVIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL MEGUIAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANA STONESTREET | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN WINKENWERDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LAURA WEBB | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AUSTIN WALKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TERRI KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1010, ASHEVILLE, NC 28802-1010
- Principal officer (990 for 2024)
- Kathryn Cramer, PO Box 1010, Asheville, NC 28802
- Signed the 990
- Kathryn Cramer, Secretary
- Phone
- (828) 258-6119
- Return prepared by
- Forvis Mazars LLP
Mission
DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY.
Program accomplishments
- 1. FUNDED THE FOLLOWING ACTIVITY THROUGH THE ASHEVILLE AREA CHAMBER OF COMMERCE: 1) WORKFORCE PREPAREDNESS AND DEVELOPMENT, 2) ENTREPRENEUR AND STARTUP DEVELOPMENT, 3) RECRUITMENT OF NEW INDUSTRY, 4) EXPANSION OF EXISTING INDUSTRY, AND 5) RESEARCH. 2. LAUNCHED OPTIMIST VENTURES, A PROGRAM THAT HELPS LONG-TERM AMBITIOUS GROWTH VENTURES BASED IN WESTERN NORTH CAROLINA SUCCEED BY OFFERING START-UP FUNDING AND EDUCATION THROUGH A RIGOROUS 12-WEEEK ACCELERATOR COMPLEMENTED BY $50,000 ($25,000 AS GRANT, $25,000 AS INVESTMENT.). SERVED 7 VENTURES IN FISCAL YEAR 2025. 3. RESPONDED TO THE REGIONAL DISASTER OF HURRICANE HELENE BY LAUNCHING THE MOUNTAIN STRONG FUND FOR BUSINESS RECOVERY. RAISED AND DISTRIBUTED $1,162,685 TO MORE THAN 55 SMALL BUSINESSES AND 16 REGIONAL CHAMBERS OF COMMERCE. 4. IN COOPERATION WITH THE FOLK HERITAGE COMMITTEE, PROMOTED TRADITIONAL MOUNTAIN MUSIC AND DANCE THROUGH THE SHINDIG ON THE GREEN PERFORMANCES AND THE MOUNTAIN DANCE AND FOLK FESTIVAL. 5. PROVIDED 15 BUSINESSES OWNED BY PEOPLE OF COLOR ADVERTISING BENEFITS AND MEMBERSHIPS IN THE ASHEVILLE CHAMBER THROUGH THE PEOPLE'S COMMUNITY AND INCLUSION INITIATIVE.Expenses $2,478,193 · grants $2,065,165 · revenue $73,244
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1762978
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $2,326,738
- Income (IRS master file)
- $2,585,458
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,585,458 | $2,495,076 | $2,326,738 | IRS |
| 990 | June 2024 | $1,110,442 | $1,260,699 | $1,855,987 | IRS |
| 990 | June 2023 | $3,782,364 | $4,013,723 | $2,151,279 | XML |
| 990 | June 2022 | $6,607,474 | $6,589,290 | $2,704,997 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1762978).
Questions about ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION
- What is the EIN of ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION?
- The employer identification number (EIN) of ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION is 56-1762978.
- Is ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION 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 ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 names Kathryn Cramer.
- Who are the officers and directors of ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,585,458, expenses of $2,495,076 and total assets of $2,326,738 at year end.
Other nonprofits in ASHEVILLE
- DOGWOOD HEALTH TRUST EIN 83-0590696 · last filed 990-PF for 2024
- THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC EIN 56-1223384 · last filed 990 for 2025
- UNITED WAY OF ASHEVILLE & BUNCOMBE COUNTY INC EIN 56-0576157 · last filed 990 for 2025
- WNC BRIDGE FOUNDATION EIN 56-2110357 · last filed 990 for 2024
- MOUNTAIN BIZCAPITAL INC EIN 14-1864873 · last filed 990 for 2025
- MOROSANI FOUNDATION EIN 82-3813375 · last filed 990-PF for 2025
- VERNER EIN 56-2040462 · last filed 990 for 2025
- TZEDEK SOCIAL JUSTICE FUND EIN 81-4130127 · last filed 990-PF for 2024
All nonprofits in ASHEVILLE · North Carolina · Philanthropy, voluntarism and grantmaking foundations