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Nonprofit · EIN 75-2181063

MIDLAND CHAMBER OF COMMERCE FOUNDATION INC

Tax-exempt · MIDLAND, TX 79701

Financials

$819K$393K2022$906K$846K2023$1.3M$764K2024
Revenue Expenses · by fiscal year end
Financials of MIDLAND CHAMBER OF COMMERCE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$1,272,035$764,442$507,593$7,414,235$0$7,414,235
September 30, 2024990$906,342$846,237$60,105$6,906,642$0$6,906,642
September 30, 2023990$818,952$393,132$425,820$6,865,537$19,000$6,846,537
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$28,000
Program service revenue
$56,350
Investment income
$242,909
Royalties
$755,776
Net rental income
$189,000
Other revenue
$944,776

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$33,569
Occupancy
$237,536
Program services (functional)
$240,010
Management and general (functional)
$524,432

Balance sheet and other

Total assets, start of year
$6,906,642
Total assets, end of year
$7,414,235
Total liabilities, end of year
$0
Net assets, end of year
$7,414,235
Land, buildings and equipment
$272,956
Net assets without donor restrictions
$7,065,804
Net assets with donor restrictions
$348,431
Gross unrelated business income
$105,600
Gross receipts
$1,272,035
Employees
0
Volunteers
0
Year formed
1987
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBERT BURNSFORMER PRESIDENT AND CEO
Former
10$0$194,215$23,306
EVAN THOMASPRESIDENT AND CEO
Trustee or director, Officer
5$0$210,122$3,414
REBECCA THOMASFORMER EXECUTIVE VP ADMINI
Former
5$0$146,142$29,110
ADAM MUNOZVICE CHAIR-COMMUNITY DEVELOPMENT
Trustee or director, Officer
1$0$0$0
ADRIAN CARRASCOVICE CHAIR - BUSINESS SUPP
Trustee or director, Officer
1$0$0$0
BOBBY HULETTDIRECTOR
Trustee or director
1$0$0$0
CHAD MCALLASTERMEMBER AT-LARGE
Trustee or director
1$0$0$0
COLE HARRISONVICE CHAIR - ADVOCACY
Trustee or director, Officer
1$0$0$0
DARIN WOODCHAIR-ELECT
Trustee or director, Officer
1$0$0$0
KENNY LUNDATREASURER/ SECRETARY
Trustee or director, Officer
2$0$0$0
LARISSA MINJAREZMEMBER AT-LARGE
Trustee or director
1$0$0$0
LAURA ROMANMEMBER AT-LARGE
Trustee or director
1$0$0$0
LUCY SISNIEGA-HOYOSVICE CHAIR - CHAMBER DEVEL
Trustee or director, Officer
1$0$0$0
MELISSA WICKERCHAIR
Trustee or director, Officer
2$0$0$0
SHAUN RAINEYIMMEDIATE PAST CHAIR
Trustee or director, Officer
2$0$0$0
1 more people on this return
NameTitleHours / weekCompensation
WESLEY BOWNDSDIRECTOR
Trustee or director
1$0
990 for the year ended September 30, 2024: 17 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBERT BURNSFORMER PRESIDENT AND CEO
Former
10$0$313,128$35,345
REBECCA THOMASFORMER EXECUTIVE VP ADMINISTRATIO
Former
5$0$135,211$16,225
EVAN THOMASPRESIDENT AND CEO
Trustee or director, Officer
5$0$96,985$0
ABRAHAM GUTIERREZIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0$0
ADRIAN CARRASCOVICE CHAIR - BUSINESS SUPP
Trustee or director, Officer
1$0$0$0
BOBBY HULETTMEMBER AT-LARGE
Trustee or director
1$0$0$0
BRIAN STUBBSTREASURER & SECRETARY
Trustee or director, Officer
1$0$0$0
CHAD MCALLASTERMEMBER AT-LARGE
Trustee or director
1$0$0$0
COLE HARRISONVICE CHAIR - ADVOCACY
Trustee or director, Officer
1$0$0$0
DARIN WOODVICE CHAIR - COMMUNITY DEV
Trustee or director, Officer
1$0$0$0
KENNY LUNDAVICE CHAIR - PROMOTION
Trustee or director, Officer
1$0$0$0
LARISSA MINJAREZMEMBER AT-LARGE
Trustee or director
1$0$0$0
LAURA ROMANMEMBER AT-LARGE
Trustee or director
1$0$0$0
LUCY SISNIEGA-HOYOSVICE CHAIR - CHAMBER DEVEL
Trustee or director, Officer
1$0$0$0
MELISSA WICKERCHAIR-ELECT
Trustee or director, Officer
2$0$0$0
SHAUN RAINEYCHAIR
Trustee or director, Officer
1$0$0$0
WESLEY BOWNDSMEMBER AT-LARGE
Trustee or director
1$0$0$0
990 for the year ended September 30, 2023: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
ROBERT BURNSPRESIDENT, CEO & SECRETARY
Trustee or director, Officer
10$0$289,422$34,731
REBECCA THOMASEXECUTIVE V.P. ADMINISTRATION
Highest-paid employee
5$0$121,058$14,527
ABRAHAM GUTIERREZCHAIR
Trustee or director, Officer
2$0$0$0
ADRIAN CARRASCOVICE CHAIR - BUSINESS SUPPORT
Trustee or director, Officer
1$0$0$0
BRIAN STUBBSVICE CHAIR - PROMOTION
Trustee or director, Officer
1$0$0$0
CHAD MCALLASTERMEMBER AT-LARGE
Trustee or director
1$0$0$0
COLE HARRISONVICE CHAIR - ADVOCACY
Trustee or director, Officer
1$0$0$0
DARIN WOODVICE CHAIR - COMMUNITY DEV
Trustee or director, Officer
1$0$0$0
EVAN THOMASEX-OFFICIO
Trustee or director, Officer
5$0$0$0
KATE WILLIAMSONIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0$0
LARISSA MINJAREZMEMBER AT-LARGE
Trustee or director
1$0$0$0
LUCY SISNIEGA-HOYOSVICE CHAIR - CHAMBER DEVEL
Trustee or director, Officer
1$0$0$0
MELISSA WICKERTREASURER
Trustee or director, Officer
1$0$0$0
SHAUN RAINEYCHAIR-ELECT
Trustee or director, Officer
2$0$0$0
WESLEY BOWNDSMEMBER AT-LARGE
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
303 W WALL ST STE 200, MIDLAND, TX 79701-5178
Principal officer (990 for 2024)
EVAN THOMAS, 303 W WALL SUITE 200, MIDLAND, TX 79701
Signed the 990
EVAN THOMAS, PRESIDENT & CEO
Phone
(432) 683-3381
Return prepared by
WHITLEY PENN LLP

Mission

THE MIDLAND CHAMBER OF COMMERCE FOUNDATION PROVIDES VISION AND LEADERSHIP TO STRENGTHEN AND ENHANCE THE QUALITY OF LIFE AND ECONOMIC DEVELOPMENT FOR BUSINESSES AND INDIVIDUALS IN THE COMMUNITY.

990 for the year ended September 30, 2025

Program accomplishments

  • THE MIDLAND CHAMBER OF COMMERCE FOUNDATION SPONSORS LEADERSHIP MIDLAND, WHICH IS A COMMUNITY LEADERSHIP DEVELOPMENT PROGRAM THAT PROVIDES EXPOSURE AND INSIGHT TO PEOPLE WHO WILL OCCUPY LEADERSHIP POSITIONS WITHIN OUR COMMUNITY.
    Expenses $94,092 · revenue $56,350
  • THE MIDLAND CHAMBER OF COMMERCE FOUNDATION SPONSORS THE TEACHER ADOPTION PROGRAM AND PARTNERS IN EDUCATION PROGRAM. THE TEACHER ADOPTION PROGRAM WAS FORMED WITH THE GOAL TO STRENGTHEN TEACHERS' TIES TO THE COMMUNITY THROUGH ENCOURAGEMENT AND DEVELOPMENT OF RELATIONSHIPS. PARTNERS IN EDUCATION EXISTS TO PROVIDE LIAISONS BETWEEN LOCAL CAMPUSES AND BUSINESSES. A GRANTING PROGRAM IS ALSO HOUSED UNDER THE UMBRELLA OF PARTNERS IN EDUCATION WHICH PROVIDES FUNDS FOR TEACHER PROJECTS THAT MEET SPECIFIC CRITERIA ESTABLISHED AND VETTED BY THE MIDLAND CHAMBER'S EDUCATION COMMITTEE.
  • THE MIDLAND CHAMBER OF COMMERCE FOUNDATION SPONSORS AND ADMINISTERS FUNDS TO SUPPORT THE CREATION AND INSTALLATION OF PUBLIC ART THAT ENHANCES COMMUNITY SPACES IN MIDLAND. THESE FUNDS INCLUDE THE BUSH AND CRADDICK SCULPTURE FUNDS, WHICH SUPPORTED THE DEVELOPMENT OF TWO LIFE-SIZE SCULPTURES HONORING SIGNIFICANT COMMUNITY LEADERS. THESE SCULPTURES ARE PUBLICLY DISPLAYED AT THE BUSH CONVENTION CENTER AND THE MIDLAND INTERNATIONAL AIR AND SPACE PORT, WHERE THEY ARE ACCESSIBLE TO AND ENJOYED BY THE GENERAL PUBLIC.
    Expenses $145,918

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
75-2181063
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1987
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,414,235
Income (IRS master file)
$1,272,035

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$1,272,035$764,442$7,414,235IRS
990-TSeptember 2025–––IRS
990September 2024$906,342$846,237$6,906,642XML
990-TSeptember 2024–––IRS
990September 2023$818,952$393,132$6,865,537XML
990-TSeptember 2023–––IRS
990September 2022$2,435,219$549,047$6,420,717IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 75-2181063).

Questions about MIDLAND CHAMBER OF COMMERCE FOUNDATION INC

What is the EIN of MIDLAND CHAMBER OF COMMERCE FOUNDATION INC?
The employer identification number (EIN) of MIDLAND CHAMBER OF COMMERCE FOUNDATION INC is 75-2181063.
Is MIDLAND CHAMBER OF COMMERCE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to MIDLAND CHAMBER OF COMMERCE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIDLAND CHAMBER OF COMMERCE FOUNDATION INC 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 MIDLAND CHAMBER OF COMMERCE FOUNDATION INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MIDLAND CHAMBER OF COMMERCE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of MIDLAND CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended September 30, 2025 names EVAN THOMAS.
Who are the officers and directors of MIDLAND CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended September 30, 2025 lists 16 people; 0 received compensation from the organization.
How much revenue does MIDLAND CHAMBER OF COMMERCE FOUNDATION INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $1,272,035, expenses of $764,442 and total assets of $7,414,235 at year end.

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