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Nonprofit · EIN 81-5012148

GILBERT CHAMBER OF COMMERCE FOUNDATION INC

Tax-exempt · GILBERT, AZ 85234

Financials

$191K$174K2023$454K$450K2024
Revenue Expenses · by fiscal year end
Financials of GILBERT CHAMBER OF COMMERCE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$453,875$449,627$4,248$50,490$20,790$29,700
June 30, 2024990$190,528$174,454$16,074$63,551$37,723$25,828
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$40,070
of which government grants
$5,483
Program service revenue
$413,778
Investment income
$27
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$495
Program services (functional)
$448,763
Management and general (functional)
$864

Balance sheet and other

Total assets, start of year
$63,551
Total assets, end of year
$50,490
Total liabilities, end of year
$20,790
Net assets, end of year
$29,700
Net assets without donor restrictions
$29,700
Gross receipts
$453,875
Employees
0
Year formed
2016
State of legal domicile
AZ

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Matt HarrisonChair
Trustee or director, Officer
2$0
Dan KovochichChair-elect
Trustee or director, Officer
2$0
Karen CamblinTreasurer
Trustee or director, Officer
1$0
Kevin DeRosaBoard Member
Trustee or director
1$0
Constance LemereBoard Member
Trustee or director
1$0
Amy NavarroBoard Member
Trustee or director
1$0
JW RayhonsBoard Member
Trustee or director
1$0
Emily StaplesBoard Member
Trustee or director
1$0
Matt StreeperBoard Member
Trustee or director
1$0
Sarah N WattsChamber President CEO
Officer
5$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
Amy NavarroBoard Member
Trustee or director
1$0
Dan KovochichBoard Member
Trustee or director
1$0
JW RayhonsBoard Member
Trustee or director
1$0
Matt StreeperBoard Member
Trustee or director
1$0
Jan SimonBoard Member
Trustee or director
1$0
Julie GrahamBoard Member
Trustee or director
1$0
Emily StaplesChair
Trustee or director, Officer
2$0
Matt HarrisonChair-elect
Trustee or director, Officer
2$0
Karen CamblinTreasurer
Trustee or director, Officer
1$0
Sarah N WattsChamber President CEO
Officer
5$0

Address and contacts

Address (IRS master file)
119 N GILBERT RD STE 101, GILBERT, AZ 85234-5769
In care of
% SARAH WATTS
Principal officer (990 for 2024)
Sarah N Watts, 119 N Gilbert Rd Ste 101, Gilbert, AZ 85234
Signed the 990
SARAH WATTS, President
Phone
(480) 892-0056
Return prepared by
Ralph Willett CPA PLC

Mission

The advancement of the charitable, educational,civic, sociological and cultural interests of the Town of Gilbert, Arizona (and its general planing area).

990 for the year ended June 30, 2025

Program accomplishments

  • All other expenses
    Expenses $220,918
  • This is the program service portion of an Administrative Fee to the Gilbert Chamber of Commerce, whose employees run the Gilbert Chamber of Commerce Foundation and run the Catalyst program.
    Expenses $173,925
  • Gilbert Leadership is a program that educates business and community leaders with the Town of Gilbert and business in this community.
    Expenses $53,920

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

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
81-5012148
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
2017
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$72,676
Income (IRS master file)
$436,804

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$453,875$449,627$50,490XML
990June 2024$190,528$174,454$63,551XML
990June 2023$196,698$185,260$38,318IRS
990June 2022$194,318$160,219$15,249IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 81-5012148).

Questions about GILBERT CHAMBER OF COMMERCE FOUNDATION INC

What is the EIN of GILBERT CHAMBER OF COMMERCE FOUNDATION INC?
The employer identification number (EIN) of GILBERT CHAMBER OF COMMERCE FOUNDATION INC is 81-5012148.
Is GILBERT CHAMBER OF COMMERCE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to GILBERT CHAMBER OF COMMERCE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GILBERT 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 GILBERT CHAMBER OF COMMERCE FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GILBERT 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 June 2025.
Who is the principal officer of GILBERT CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names Sarah N Watts.
Who are the officers and directors of GILBERT CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does GILBERT CHAMBER OF COMMERCE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $453,875, expenses of $449,627 and total assets of $50,490 at year end.

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