Nonprofit · EIN 59-2991587
PALM BAY AREA CHAMBER OF COMMERCE
Tax-exempt · PALM BAY, FL 32905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $659,094 | $532,711 | $126,383 | $508,326 | $1,745 | $506,581 |
| December 31, 2023 | 990 | $520,310 | $422,993 | $97,317 | $385,197 | $4,999 | $380,198 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $642,046
- of which government grants
- $25,000
- Membership dues
- $230,368
- Program service revenue
- $4,177
- Investment income
- $12,871
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $96,838
- Other salaries and wages
- $202,419
- Salaries, compensation and benefits (total)
- $338,623
- Professional fundraising fees
- $0
- Accounting fees
- $1,850
- Occupancy
- $19,820
- Travel
- $7,436
- Depreciation
- $6,447
- Program services (functional)
- $284,475
- Management and general (functional)
- $131,947
- Fundraising (functional)
- $116,289
Balance sheet and other
- Total assets, start of year
- $385,197
- Total assets, end of year
- $508,326
- Total liabilities, end of year
- $1,745
- Net assets, end of year
- $506,581
- Land, buildings and equipment
- $13,018
- Net assets without donor restrictions
- $506,581
- Gross receipts
- $659,094
- Employees
- 7
- Year formed
- 1989
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nancy Peltonen | President Officer | 40 | $96,838 | $11,927 |
| Shelley Kuhn | Vice Chair Trustee or director | 1 | $0 | $0 |
| Holly Tanner | Immediate Past Chairwoman Trustee or director | 1 | $0 | $0 |
| Diana Miskow | Board Member Trustee or director | 1 | $0 | $0 |
| Joanne Stanley | Vice Chair Trustee or director | 1 | $0 | $0 |
| Joe Rowlette | Board Member Trustee or director | 1 | $0 | $0 |
| Clinton Hatcher | Board Member Trustee or director | 1 | $0 | $0 |
| Jason Kolleda | Board Member Trustee or director | 1 | $0 | $0 |
| Tom Graver | Board Member Trustee or director | 1 | $0 | $0 |
| Shannon Procise | Board Member Trustee or director | 1 | $0 | $0 |
| Sean Williams | Vice Chair Trustee or director | 1 | $0 | $0 |
| Greg Quinones | Board Member Trustee or director | 1 | $0 | $0 |
| Christie Lynes | Board Member Trustee or director | 1 | $0 | $0 |
| Lisa Bolinger | Board Member Trustee or director | 1 | $0 | $0 |
| Cinthia Kettering | Board Member Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matt Passarella | Board Member Trustee or director | 1 | $0 |
| Rob Salonen | Ex Officio Trustee or director | 1 | $0 |
| Michele Murrell | Ex Officio Trustee or director | 1 | $0 |
| David Jones | Chairman Officer | 4 | $0 |
| Chari Rigby | Incoming Chairwoman Officer | 4 | $0 |
| Lakesha Burr | Secretary Officer | 4 | $0 |
| David Africano | Treasurer Officer | 4 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Peltonen | President Officer | 40 | $101,744 |
| Clinton Hatcher | Board Member Trustee or director | 1 | $0 |
| Joe Rowlette | Board Member Trustee or director | 1 | $0 |
| David Africano | Board Member Trustee or director | 1 | $0 |
| Jason Kolleda | Board Member Trustee or director | 1 | $0 |
| Shannon Procise | Board Member Trustee or director | 1 | $0 |
| Tom Graver | Board Member Trustee or director | 1 | $0 |
| Jeanne Whitman | Board Member Trustee or director | 1 | $0 |
| Jessica Moore | Vice Chair Trustee or director | 1 | $0 |
| Sean Williams | Board Member Trustee or director | 1 | $0 |
| Shelley Kuhn | Vice Chair Trustee or director | 1 | $0 |
| Joanne Stanley | Vice Chair Trustee or director | 1 | $0 |
| Diana Miskow | Board Member Trustee or director | 1 | $0 |
| Tom Fulmer | Board Member Trustee or director | 1 | $0 |
| David Jones | Incoming Chair Trustee or director, Officer | 4 | $0 |
| Holly Tanner | Chairwoman Officer | 4 | $0 |
| Chari Rigby | Treasurer Officer | 4 | $0 |
| Lakesha Burr | Secretary Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 4100 DIXIE HWY NE, PALM BAY, FL 32905-3612
- In care of
- % NANCY PELTONEN
- Principal officer (990 for 2024)
- Nancy Peltonen, 4100 Dixie Highway NE, Palm Bay, FL 32905
- Signed the 990
- NANCY PELTONEN, President
- Phone
- (321) 951-9998
- Return prepared by
- Bryant Tax Solutions Inc
Mission
To advance the general welfare and prosperity of the area so that its citizens and all areas of its business community shall prosper. All necessary means of promotion shall be provided with emphasis on the economic, civil, commercial, and educational interests of the area.
Program accomplishments
- Advance the general welfare and prosperity of the community through promotions for economic, civil, commercial, cultural, industrial and educational interests and serve, advocate and promote as the trusted voice four the business community.Expenses $284,475 · grants $25,000 · revenue $4,177
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 | Not 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
- 59-2991587
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $508,326
- Income (IRS master file)
- $659,094
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $659,094 | $532,711 | $508,326 | XML |
| 990 | December 2023 | $520,310 | $422,993 | $385,197 | XML |
| 990 | December 2022 | $313,096 | $299,615 | $283,309 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 59-2991587).
Questions about PALM BAY AREA CHAMBER OF COMMERCE
- What is the EIN of PALM BAY AREA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of PALM BAY AREA CHAMBER OF COMMERCE is 59-2991587.
- Is PALM BAY AREA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to PALM BAY AREA CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALM BAY AREA 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 PALM BAY AREA CHAMBER OF COMMERCE 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 PALM BAY AREA CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PALM BAY AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names Nancy Peltonen.
- Who are the officers and directors of PALM BAY AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 22 people; 1 received compensation from the organization, the highest $96,838 (Nancy Peltonen, President).
- How much revenue does PALM BAY AREA CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $659,094, expenses of $532,711 and total assets of $508,326 at year end.
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