Nonprofit · EIN 75-0428690
MCKINNEY CHAMBER OF COMMERCE
Tax-exempt · MCKINNEY, TX 75070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,330,408 | $1,395,926 | -$65,518 | $1,638,989 | $843,642 | $795,347 |
| December 31, 2023 | 990 | $1,242,842 | $1,403,357 | -$160,515 | $1,726,002 | $865,137 | $860,865 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $864,699
- Membership dues
- $854,394
- Program service revenue
- $361,870
- Investment income
- $18,491
- Net income from fundraising events
- $81,928
- Other revenue
- $85,348
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $319,937
- Other salaries and wages
- $327,360
- Salaries, compensation and benefits (total)
- $756,196
- Professional fundraising fees
- $0
- Legal fees
- $8,528
- Accounting fees
- $18,000
- Occupancy
- $88,981
- Depreciation
- $24,048
Balance sheet and other
- Total assets, start of year
- $1,726,002
- Total assets, end of year
- $1,638,989
- Total liabilities, end of year
- $843,642
- Net assets, end of year
- $795,347
- Land, buildings and equipment
- $129,426
- Net assets without donor restrictions
- $772,027
- Net assets with donor restrictions
- $23,320
- Gross unrelated business income
- $3,974
- Gross receipts
- $1,406,133
- Employees
- 9
- Volunteers
- 50
- Year formed
- 1914
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA M HERMES | President Officer | 40 | $156,099 | $12,525 |
| LINDA IMAI-DIXON | FIN/ADM DIR Officer | 40 | $139,602 | $11,711 |
| GONZALO SERRANO | Director Trustee or director | 1 | $0 | $0 |
| JUDSON DUNCAN | Director Trustee or director | 1 | $0 | $0 |
| MARVIN MCHELLON | Director Trustee or director | 1 | $0 | $0 |
| JAMES CRAIG | IMM PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WHITNEY NASH | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| JOCELYN WILLIAMS | Director Trustee or director | 1 | $0 | $0 |
| SCOTT WOODRUFF | Director Trustee or director | 1 | $0 | $0 |
| LISA HAMMETT | Director Trustee or director | 1 | $0 | $0 |
| TIM BOWEN | Director Trustee or director | 1 | $0 | $0 |
| JOE RICCARDI | Director Trustee or director | 1 | $0 | $0 |
| MELISSA SIMMONS | Director Trustee or director | 1 | $0 | $0 |
| DONNA WOOD | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| DARRELL BARNES | Director Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAROLD MCLEOD | CHAIR ELECT Trustee or director, Officer | 1 | $0 |
| BRANDON HERBISON | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA M HERMES | President Officer | 40 | $146,059 | $33,509 |
| LINDA IMAI-DIXON | FIN/ADM DIR Officer | 40 | $102,919 | $11,826 |
| KATHERINE BLANK | Vice President Officer | 40 | $19,581 | $95 |
| NATE PIKE | IMM PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUDSON DUNCAN | Director Trustee or director | 1 | $0 | $0 |
| MARVIN MCHELLON | Director Trustee or director | 1 | $0 | $0 |
| JAMES CRAIG | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| WHITNEY NASH | Director Trustee or director | 1 | $0 | $0 |
| JOCELYN WILLIAMS | Director Trustee or director | 1 | $0 | $0 |
| SCOTT WOODRUFF | Director Trustee or director | 1 | $0 | $0 |
| LISA HAMMETT | Director Trustee or director | 1 | $0 | $0 |
| MARI MCGOWAN | Director Trustee or director | 1 | $0 | $0 |
| JOE RICCARDI | Director Trustee or director | 1 | $0 | $0 |
| MELISSA SIMMONS | Director Trustee or director | 1 | $0 | $0 |
| DONNA WOOD | CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY ELLIS | Director Trustee or director | 1 | $0 | $0 |
| HAROLD MCLEOD | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| DON MCKNEELY | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7300 STATE HIGHWAY 121 STE 200A, MCKINNEY, TX 75070-1988
- Principal officer (990 for 2024)
- LISA M HERMES, 7300 STATE HIGHWAY 121 200A, MCKINNEY, TX 75070
- Signed the 990
- LISA M HERMES, President
- Phone
- (972) 542-0163
- Website
- WWW.MCKINNEYCHAMBER.COM
- Return prepared by
- Sutton Frost Cary LLP
Mission
TO LEAD, CONNECT AND EMPOWER OUR STAKEHOLDERS TO ADVANCE BUSINESS AND COMMUNITY EXCELLENCE.
Program accomplishments
- PROMOTE TOURISM, BUSINESS RETENTION AND EXPANSION, NETWORKING AND LEADERSHIP DEVELOPMENT.
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-0428690
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,616,097
- Income (IRS master file)
- $1,607,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,330,408 | $1,395,926 | $1,638,989 | XML |
| 990 | December 2023 | $1,242,842 | $1,403,357 | $1,726,002 | XML |
| 990 | December 2022 | $1,419,569 | $1,414,969 | $1,922,518 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-0428690).
Questions about MCKINNEY CHAMBER OF COMMERCE
- What is the EIN of MCKINNEY CHAMBER OF COMMERCE?
- The employer identification number (EIN) of MCKINNEY CHAMBER OF COMMERCE is 75-0428690.
- Is MCKINNEY CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1947.
- Are donations to MCKINNEY CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MCKINNEY 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 MCKINNEY CHAMBER OF COMMERCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MCKINNEY 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 MCKINNEY CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names LISA M HERMES.
- Who are the officers and directors of MCKINNEY CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $156,099 (LISA M HERMES, President).
- How much revenue does MCKINNEY CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,330,408, expenses of $1,395,926 and total assets of $1,638,989 at year end.
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