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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 74-0676120

HEARNE CHAMBER OF COMMERCE

Tax-exempt · HEARNE, TX 77859

Financials

$135K$105K2023
Revenue Expenses · by fiscal year end
Financials of HEARNE CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$134,787$105,046$29,741$101,209$685$100,524
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$99,372
of which government grants
$61,877
Membership dues
$37,495
Program service revenue
$35,328
Investment income
$87
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$31,362
Salaries, compensation and benefits (total)
$31,362
Professional fundraising fees
$0
Travel
$3,434
Depreciation
$1,589
Program services (functional)
$99,583
Management and general (functional)
$3,874

Balance sheet and other

Total assets, start of year
$73,468
Total assets, end of year
$101,209
Total liabilities, end of year
$685
Net assets, end of year
$100,524
Land, buildings and equipment
$20,004
Net assets without donor restrictions
$100,524
Gross receipts
$134,787
Employees
1
Volunteers
0
Year formed
1946
State of legal domicile
TX

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
MARGARET SALVAGGIOEXECUTIVE DIRECTOR
Trustee or director, Officer
35$31,362
FONDELL ADAMSPRESIDENT
Trustee or director, Officer
1$0
JESSIE CIENEGASECRETARY
Trustee or director, Officer
1$0
TIM CHARRONVICE PRESIDENT
Trustee or director, Officer
1$0
QUINTON SAMUELSDIRECTOR
Trustee or director, Officer
1$0
DANIEL GREENDIRECTOR
Trustee or director, Officer
1$0
BRANDON CORNDIRECTOR
Trustee or director, Officer
1$0
DORTHY GANDYTREASURER
Trustee or director, Officer
1$0
DANA ALTIMOREDIRECTOR
Trustee or director, Officer
1$0
MARC CATALINADIRECTOR
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 765, HEARNE, TX 77859-0765
Principal officer (990 for 2023)
MARGARET SALVAGGIO, 304 SOUTH MARKET, HEARNE, TX 77859
Signed the 990
MARGARET SALVAGGIO, EXCUTIVE DIRECTOR
Phone
(979) 595-8150
Return prepared by
SEIDEL SCHROEDER

Mission

THE MISSION OF THE HEARNE CHAMBER OF COMMERCE IS TO PROMOTE AND IMPROVE THE BUSINESS ENVIRONMENT, PROMOTE TOURISM, STIMULATE A VIBRANT LOCAL ECONOMY AND PRODUCE A COOPERATIVE EFFORE TO ENHANCE THE OVERALL QUALITY OF LIFE IN HEARNE TO ITS HIGHEST POTENTIAL.

990 for the year ended December 31, 2023

Program accomplishments

  • PROMOTE CIVIC, COMMERCIAL AND INDUSTRIAL DEVELOPMENT OF LOCAL COMMUNITY BY PROVIDING INFORMATION AND ASSISTANCE. PROMOTES LOCAL TOURISM BY SPONSORING FESTIVALS AND PROVIDING BROCHURES
    Expenses $99,583

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, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for HEARNE CHAMBER OF COMMERCE

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
74-0676120
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1948
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$101,209
Income (IRS master file)
$134,787

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$134,787$105,046$101,209XML
990December 2022$87,542$115,821$73,468IRS
990December 2021–––IRS
990December 2020–––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 74-0676120).

Questions about HEARNE CHAMBER OF COMMERCE

What is the EIN of HEARNE CHAMBER OF COMMERCE?
The employer identification number (EIN) of HEARNE CHAMBER OF COMMERCE is 74-0676120.
Is HEARNE CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1948.
Are donations to HEARNE CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HEARNE 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 HEARNE 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 HEARNE CHAMBER OF COMMERCE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of HEARNE CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2023 names MARGARET SALVAGGIO.
Who are the officers and directors of HEARNE CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2023 lists 10 people; 1 received compensation from the organization, the highest $31,362 (MARGARET SALVAGGIO, EXECUTIVE DIRECTOR).
How much revenue does HEARNE CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2023 it reported revenue of $134,787, expenses of $105,046 and total assets of $101,209 at year end.

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