Nonprofit · EIN 56-1875144
HOLLY SPRINGS CHAMBER OF COMMERCE
Tax-exempt · HOLLY SPRINGS, NC 27540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $394,231 | $379,793 | $14,438 | $356,377 | $3,833 | $352,544 |
| December 31, 2024 | 990 | $386,928 | $389,678 | -$2,750 | $330,653 | $356 | $330,297 |
| December 31, 2023 | 990 | $336,055 | $316,401 | $19,654 | $333,271 | $5,966 | $327,305 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $228,828
- of which government grants
- $25,000
- Membership dues
- $116,871
- Program service revenue
- $156,347
- Investment income
- $9,056
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $88,750
- Other salaries and wages
- $65,137
- Salaries, compensation and benefits (total)
- $165,812
- Professional fundraising fees
- $0
- Legal fees
- $30,407
- Accounting fees
- $3,668
- Occupancy
- $8,054
- Travel
- $10
- Depreciation
- $4,520
- Program services (functional)
- $59,726
- Management and general (functional)
- $245,918
- Fundraising (functional)
- $74,149
Balance sheet and other
- Total assets, start of year
- $330,653
- Total assets, end of year
- $356,377
- Total liabilities, end of year
- $3,833
- Net assets, end of year
- $352,544
- Land, buildings and equipment
- $65,819
- Publicly traded securities
- $155,501
- Gross receipts
- $394,231
- Employees
- 4
- Year formed
- 1995
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONYA PALUMBO | EXECUTIVE DIRECTOR Officer, Highest-paid employee | 40 | $88,750 |
| NASH ATKINS | PAST CHAIR Officer | 0 | $0 |
| DAVID WHITTINGHAM | CHAIR Officer | 0 | $0 |
| JEFFREY WEEGAR | TREASURER Officer | 0 | $0 |
| LASHONZA BROWN | CHAIR ELECT Officer | 0 | $0 |
| MARK CAMPBELL | SECRETARY Officer | 0 | $0 |
| MARNI BLYTHE | TREASURER ELECT Officer | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONYA PALUMBO | EXECUTIVE DIRECTOR Officer, Highest-paid employee | 40 | $89,162 |
| CYNDY SANDERS | PAST TREASURER Officer | 5 | $0 |
| CHRIS EDWARDS | SECRETARY Officer | 5 | $0 |
| RICK GRANT | PAST CHAIR Officer | 5 | $0 |
| NASH ADKINS | CHAIR Officer | 5 | $0 |
| DAVID WHITTINGHAM | CHAIR ELECT Officer | 5 | $0 |
| JEFFREY WEEGAR | TREASURER Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONYA PALUMBO | EXECUTIVE DIRECTOR Officer, Highest-paid employee | 40 | $77,146 |
| RICK GRANT | CHAIR Officer | 5 | $0 |
| NASH ADKINS | CHAIR ELECT Officer | 5 | $0 |
| JUSTIN SELLERS | PAST CHAIR Officer | 5 | $0 |
| CYNDY SANDERS | TREASURER Officer | 5 | $0 |
| CHRIS EDWARDS | SECRETARY Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 344 RALEIGH ST STE 100, HOLLY SPRINGS, NC 27540-9047
- In care of
- % MARNI B BORELLI
- Signed the 990
- MARNI B BORELLI, TREASURER
- Phone
- (919) 567-1796
- Website
- HOLLYSPRINGSCHAMBER.ORG
- Return prepared by
- Deborah Fleischman CPA PLLC
Mission
PROVIDE VISIONARY LEADERSHIP TO GROW THE HOLLY SPRINGS BUSINESS COMMUNITY THROUGH ADVOCACY, ENGAGEMENT, AND INNOVATION.
Program accomplishments
- OTHER VARIOUS PROGRAMSExpenses $20,117 · revenue $85,016
- WOMENS EMPOWERMENT LUNCHEON - LUNCHEON FOR LOCAL BUSINESS WOMEN WITH PANELISTS SPEAKING ON EMPOWERMENT IN AN EFFORT TO FOSTER AND SUPPORT SUCCESS AND GENDER EQUALITY.Expenses $14,607 · revenue $22,483
- WINTERFEST - COMMUNITY FESTIVAL THAT ENCOURAGES RESIDENTS TO SUPPORT LOCAL BY SHOPPING THE WINTER MARKETS MIX OF HANDCRAFTED GIFTS, TREATS, AND HOLIDAY ITEMS.Expenses $13,047 · revenue $29,140
- FIRST RESPONDERS LUNCH - HONOR COMMUNITY FIRST RESPONDERSExpenses $11,955 · revenue $19,708
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 | 990 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
- 56-1875144
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $356,377
- Income (IRS master file)
- $394,231
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $394,231 | $379,793 | $356,377 | IRS |
| 990 | December 2024 | $386,928 | $389,678 | $330,653 | IRS |
| 990 | December 2023 | $336,055 | $316,401 | $333,271 | XML |
| 990 | December 2022 | $271,326 | $210,051 | $301,741 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 56-1875144).
Questions about HOLLY SPRINGS CHAMBER OF COMMERCE
- What is the EIN of HOLLY SPRINGS CHAMBER OF COMMERCE?
- The employer identification number (EIN) of HOLLY SPRINGS CHAMBER OF COMMERCE is 56-1875144.
- Is HOLLY SPRINGS CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2004.
- Are donations to HOLLY SPRINGS CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOLLY SPRINGS 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 HOLLY SPRINGS CHAMBER OF COMMERCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOLLY SPRINGS CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of HOLLY SPRINGS CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $88,750 (TONYA PALUMBO, EXECUTIVE DIRECTOR).
- How much revenue does HOLLY SPRINGS CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $394,231, expenses of $379,793 and total assets of $356,377 at year end.
Other nonprofits in HOLLY SPRINGS
- LAUNCHHOLLYSPRINGS INC EIN 99-2588846 · last filed 990-N for 2025
- VINE EFFECT EIN 47-5030409 · last filed 990-N for 2025
- DOWNTOWN ALIVE HOLLY SPRINGS EIN 99-2816517 · last filed 990-N for 2024
- HOLLY SPRINGS KIWANIS FOUNDATION EIN 81-5475821 · last filed 990-N for 2024
- STRATEGIC ACTION FORUM EIN 02-0669190 · last filed 990-N for 2025
- MANY MEN INC EIN 99-4043861 · last filed 990-N for 2025
- TRIANGLE EDUCATION ORGANIZATION EIN 47-5478684 · last filed 990 for 2025
- CORPORATION FOR EDUCATIONAL PARTNERSHIPS EIN 56-2158817 · last filed 990 for 2025
All nonprofits in HOLLY SPRINGS · North Carolina · Community improvement and capacity building