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Nonprofit · EIN 61-0418361

FRANKFORT AREA CHAMBER OF COMMERCE

Tax-exempt · FRANKFORT, KY 40601

Financials

$257K$186K2024
Revenue Expenses · by fiscal year end
Financials of FRANKFORT AREA CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$256,917$186,037$70,880$263,286$90,766$172,520
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$131,387
Membership dues
$131,387
Program service revenue
$124,580
Investment income
$93
Other revenue
$857

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$65,276
Other salaries and wages
$48,749
Salaries, compensation and benefits (total)
$125,512
Professional fundraising fees
$0
Accounting fees
$6,278
Occupancy
$16,548
Travel
$1,740
Depreciation
$1,780

Balance sheet and other

Total assets, start of year
$170,163
Total assets, end of year
$263,286
Total liabilities, end of year
$90,766
Net assets, end of year
$172,520
Land, buildings and equipment
$6,872
Net assets without donor restrictions
$172,520
Gross receipts
$256,917
Employees
6

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 / weekCompensationOther / benefits
LETITIA SHADEPRESIDENT/CE
Officer
37.5$68,276$2,048
LEE ANN WATTERSTREASURER
Trustee or director, Officer
0.5$0$0
ANNA BETH BOBBITTCHAIRMAN
Trustee or director
0.25$0$0
JOHN GRAHAMPAST CHAIRMA
Trustee or director
0.25$0$0
CAROL SMITHCHAIRMAN-MEM
Trustee or director
0.25$0$0
CATHY LINDSEYCHAIRMAN-GOV
Trustee or director
0.25$0$0
LYNN FAULKNERCHAIRMAN-COM
Trustee or director
0.25$0$0

Address and contacts

Address (IRS master file)
484 CHENAULT RD, FRANKFORT, KY 40601-9260
Principal officer (990 for 2024)
LETITIA SHADE, 484 CHENAULT ROAD, FRANKFORT, KY 40601
Signed the 990
LETITIA SHADE, PRESIDENT/CEO
Phone
(502) 223-8261
Return prepared by
RHONDA E SEIBERT PLLC

Mission

BUILDING A VIBRANT ECONOMY THROUGH MEMBER DRIVEN ADVOCACY & COMMUNITY LEADERSHIP

990 for the year ended December 31, 2024

Program accomplishments

  • COMMUNITY ACTIVITY DESIGNED TO STIMULATE ECONOMIC, SOCIAL & CULTURAL DEVELOPMENT IN ACCORDANCE WITH CHAMBER OF COMMERCE GUIDELINES, STANDARDS & MISSION

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, 2024Check at the IRS

IRS record

EIN
61-0418361
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$263,286
Income (IRS master file)
$256,917

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$256,917$186,037$263,286IRS
990December 2022$203,425$203,422$149,443IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––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 61-0418361).

Questions about FRANKFORT AREA CHAMBER OF COMMERCE

What is the EIN of FRANKFORT AREA CHAMBER OF COMMERCE?
The employer identification number (EIN) of FRANKFORT AREA CHAMBER OF COMMERCE is 61-0418361.
Is FRANKFORT AREA CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
Are donations to FRANKFORT AREA CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FRANKFORT 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 FRANKFORT 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 FRANKFORT 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 FRANKFORT AREA CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 names LETITIA SHADE.
Who are the officers and directors of FRANKFORT AREA CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $68,276 (LETITIA SHADE, PRESIDENT/CE).
How much revenue does FRANKFORT AREA CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $256,917, expenses of $186,037 and total assets of $263,286 at year end.

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