Nonprofit · EIN 59-2372417
PALMS WEST CHAMBER OF COMMERCE INC
Tax-exempt (reinstated) · WELLINGTON, FL 33414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $353,015 | $352,657 | $358 | $13,960 | $49,808 | -$35,848 |
| April 30, 2024 | 990 | $354,212 | $374,834 | -$20,622 | $27,561 | $63,767 | -$36,206 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $214,780
- Membership dues
- $214,780
- Program service revenue
- $120,235
- Investment income
- $0
- Other revenue
- $18,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $127,123
- Other salaries and wages
- $41,390
- Salaries, compensation and benefits (total)
- $189,454
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Occupancy
- $45,510
- Program services (functional)
- $307,542
- Management and general (functional)
- $45,115
Balance sheet and other
- Total assets, start of year
- $27,561
- Total assets, end of year
- $13,960
- Total liabilities, end of year
- $49,808
- Net assets, end of year
- -$35,848
- Land, buildings and equipment
- $498
- Gross receipts
- $353,015
- Employees
- 2
- Volunteers
- 21
- Year formed
- 1983
- State of legal domicile
- FL
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY LOU BEDFORD | CEO Officer, Key employee | 50 | $127,123 |
| ILAN KAUFER | CHAIRMAN OF THE BOARD Trustee or director | 10 | $0 |
| MICHAEL STONE | VICE CHAIRMAN Trustee or director | 10 | $0 |
| CAROL ONEIL | TREASURER Trustee or director | 10 | $0 |
| PAM TAHAN | PAST CHAIR Trustee or director | 10 | $0 |
990 for the year ended April 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY LOU BEDFORD | CEO Officer, Key employee | 50 | $127,123 |
| PAM TAHAN | CHAIRMAN OF THE BOARD Trustee or director | 5 | $0 |
| MICHAEL STONE | VICE CHAIRMAN Trustee or director | 5 | $0 |
| EDDY RODRIGUEZ | TREASURER Trustee or director | 5 | $0 |
| ILAN KAUFER | SECRETARY Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 12794 W FOREST HILL BLVD STE 19, WELLINGTON, FL 33414-4710
- Principal officer (990 for 2024)
- MARY LOU BEDFORD, 12794 FOREST HILL BLVD STE 19, WELLINGTON, FL 33414
- Signed the 990
- MARY LOU BEDFORD, PRESIDENT
- Phone
- (561) 790-6200
- Website
- WWW.CPBCHAMBER.COM
- Return prepared by
- DAVID BERNS PA
Mission
THE CENTRAL PALM BEACH CHAMBER OF COMMERCE IS A LEADERSHIP ORGANIZATION THAT PASSIONATELY SERVES CENTRAL PALM BEACH COUNTY BY ADVOCATING FOR A HEALTHY BUSINESS ENVIRONMENT, PROVIDING OUTSTANDING MEMBER SERVICES, BENEFITS, EDUCATION AND INFORMATION, THEREBY ENHANCING THE QUALITY OF LIFE IN THE COMMUNITY.
Program accomplishments
- MONTHLY MEMBER AND COMMUNITY ECONOMIC LUNCHES THAT FEATURE KEYNOTE SPEAKERS. EDUCATE THE ATTENDEES ON LOCAL, STATE, AND FEDERAL VARIOUS TOPICS THAT IMPACT THE ECONOMY OF OUR COUNTY. PROVIDE OPPORTUNITIES TO NETWORK WITH BUSINESS LEADERS AND OWNERS FROM ACROSS THE COUNTY.Expenses $246,034 · revenue $52,535
- COMMUNITY OUTREACH ASSISTED BUSINESSES WITH SPECIALIZED WORKSHOPS REGARDING ACCESSING CAPITAL, ECONOMIC DISASTER LOANS, AND WORK FLOW CHANGES. CONTINUED TO OFFER LEADERSHIP PALMS WEST AND RIBBON CUTTING EVENTS.Expenses $30,754 · revenue $41,875
- VARIOUS EVENTS THAT ALLOWS BUSINESSES TO SHOWCASE THEIR BUINESS TO THE COMMUNITY THEY SERVICE AND TO LEARN AND GROW ON BUSINESS SKILLS INORDER TO HAVE A SUSTAINABLE COMMUNITY.Expenses $24,603 · revenue $18,900
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 59-2372417
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,960
- Income (IRS master file)
- $353,015
Revocation and reinstatement
- Exemption revoked
- September 15, 2017
- Posted by the IRS
- December 11, 2017
- Reinstated
- Effective January 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $353,015 | $352,657 | $13,960 | XML |
| 990 | April 2024 | $354,212 | $374,834 | $27,561 | XML |
| 990 | April 2023 | $343,108 | $343,537 | $34,199 | IRS |
| 990 | April 2022 | $567,905 | $370,867 | $46,695 | IRS |
| 990 | April 2021 | – | – | – | 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 59-2372417).
Questions about PALMS WEST CHAMBER OF COMMERCE INC
- What is the EIN of PALMS WEST CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of PALMS WEST CHAMBER OF COMMERCE INC is 59-2372417.
- Is PALMS WEST CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS revoked its exemption on September 15, 2017 and reinstated it effective January 15, 2021.
- Are donations to PALMS WEST CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALMS WEST 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 PALMS WEST CHAMBER OF COMMERCE INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALMS WEST CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of PALMS WEST CHAMBER OF COMMERCE INC?
- The 990 for the year ended April 30, 2025 names MARY LOU BEDFORD.
- Who are the officers and directors of PALMS WEST CHAMBER OF COMMERCE INC?
- The 990 for the year ended April 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $127,123 (MARY LOU BEDFORD, CEO).
- How much revenue does PALMS WEST CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $353,015, expenses of $352,657 and total assets of $13,960 at year end.
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