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Nonprofit · EIN 74-1224670

FRANKLIN CHAMBER OF COMMERCE

Tax-exempt · FRANKLIN, TX 77856

Financials

$106K$116K2023$104K$85K2024
Revenue Expenses · by fiscal year end
Financials of FRANKLIN CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$103,864$84,902$18,962$570,692$1,554$569,138
December 31, 2023990$105,760$116,208-$10,448$553,237$3,062$550,175
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,745
Investment income
$30,936
Net gain from sales of assets
$14,562
Other revenue
$70,183

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$20,004
Salaries, compensation and benefits (total)
$21,422
Professional fundraising fees
$0
Occupancy
$20,129
Depreciation
$488

Balance sheet and other

Total assets, start of year
$553,237
Total assets, end of year
$570,692
Total liabilities, end of year
$1,554
Net assets, end of year
$569,138
Land, buildings and equipment
$732
Net assets without donor restrictions
$569,138
Gross receipts
$103,864
Employees
0
Volunteers
0
Year formed
1991
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
AMBER HOWELLDIRECTOR
Trustee or director
0.5$0
CARLA THREADGILLDIRECTOR
Trustee or director
0.5$0
KAREN KLORESDIRECTOR
Trustee or director
0.5$0
CHRISTIAN RAWSONDIRECTOR
Trustee or director
0.5$0
ALLYSA GONZALESDIRECTOR
Trustee or director
0.5$0
MELISSA SANDFIELDDIRECTOR
Trustee or director
0.5$0
JUSTEN SALCIDOPRESIDENT
Officer
0.5$0
JAMIE STOWESECRETARY
Officer
0.5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
AMBER HOWELLDIRECTOR
Trustee or director
0.5$0
CARLA THREADGILLDIRECTOR
Trustee or director
0.5$0
KAREN KLORESDIRECTOR
Trustee or director
0.5$0
CHRISTIAN RAWSONDIRECTOR
Trustee or director
0.5$0
ALLYSA GONZALESDIRECTOR
Trustee or director
0.5$0
MELISSA SANDFIELDDIRECTOR
Trustee or director
0.5$0
JUSTEN SALCIDOPRESIDENT
Officer
0.5$0
JAMIE STOWESECRETARY
Officer
0.5$0

Address and contacts

Address (IRS master file)
PO BOX 126, FRANKLIN, TX 77856-0126
In care of
% COMMERCE
Principal officer (990 for 2024)
JUSTEN SALCIDO, POBOX 126, FRANKLIN, TX 77856
Signed the 990
JUSTEN SALCIDO, PRESIDENT
Phone
(979) 828-3276
Return prepared by
BREWER EYEINGTON PATOUT & CO LLP

Mission

ADVOCATE, VOICE AND RESOURCE FOR BUSINESSES IN THE FRANKLIN, TEXAS AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • ANNUAL PUBLICATION OF THE FRANKLIN GUIDEBOOK, WHICH INCLUDES A "YELLOW PAGE" LISTING AND ADS FOR BUSINESS MEMBERS. APPROXIMATELY 2,000 ARE DISTRIBUTED EACH YEAR. THE GUIDEBOOK PROMOTES THE AREA SERVED BY THE CHAMBER AS WELL AS THE SERVICES PROVIDED BY CHAMBER BUSINESS MEMBERS.
  • ANNUAL MEETING FOR CHAMBER MEMBERS TO SHARE THE ACCOMPLISHMENTS OF THE PRIOR YEAR AND THE GOALSFOR THE UPCOMING YEAR. THE CHAMBER HAS APPROXIMATELY 220 MEMBERS.
  • MEMBERSHIP DRIVE FOR THE CHAMBER ALLOWS FOR MORE MEMBERS WHICH CREATES A BETTER OPPORTUNITY FOR ALL MEMBERS AND THE COMMUNITY.

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, 2024990 on file

IRS record

EIN
74-1224670
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$570,692
Income (IRS master file)
$103,864

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$103,864$84,902$570,692XML
990December 2023$105,760$116,208$553,237XML
990December 2022$116,898$94,428$562,142IRS
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 74-1224670).

Questions about FRANKLIN CHAMBER OF COMMERCE

What is the EIN of FRANKLIN CHAMBER OF COMMERCE?
The employer identification number (EIN) of FRANKLIN CHAMBER OF COMMERCE is 74-1224670.
Is FRANKLIN CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1998.
Are donations to FRANKLIN CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FRANKLIN 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 FRANKLIN 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 FRANKLIN 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 FRANKLIN CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 names JUSTEN SALCIDO.
Who are the officers and directors of FRANKLIN CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does FRANKLIN CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $103,864, expenses of $84,902 and total assets of $570,692 at year end.

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