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Nonprofit · EIN 85-0385316

LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC

Tax-exempt · LOVINGTON, NM 88260

Financials

$77K$86K2022$184K$187K2023$241K$245K2024
Revenue Expenses · by fiscal year end
Financials of LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$240,669$245,162-$4,493$130,905$4,162$126,743
December 31, 2023990-EZ$184,319$187,083-$2,764$131,685$1,599$130,086
December 31, 2022990-EZ$76,946$86,267-$9,321$62,938$4,336$58,602
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$240,390
of which government grants
$149,038
Membership dues
$31,936
Program service revenue
$0
Investment income
$279
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$97,372
Salaries, compensation and benefits (total)
$97,372
Professional fundraising fees
$0
Accounting fees
$10,262

Balance sheet and other

Total assets, start of year
$131,685
Total assets, end of year
$130,905
Total liabilities, end of year
$4,162
Net assets, end of year
$126,743
Net assets without donor restrictions
$126,743
Gross receipts
$240,669
Employees
5

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
PALOMA ARZABELASECRETARY/AM
Trustee or director
–$0
JORDAN BENARDVICE PRESIDE
Trustee or director
–$0
CLAIR HALSELLDIRECTOR
Trustee or director
–$0
DEE ANN KIMBROTREASURER
Trustee or director
–$0
DAVID MIRANDABOARD MEMEBE
Trustee or director
–$0
DAVID MUNOZPRESIDENT
Trustee or director
–$0
ROBBIE ROBERTSBOARD MEMBER
Trustee or director
–$0
CHASE VUICICHBOARD MEMEBE
Trustee or director
–$0
990-EZ for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
DAVID MUNOZPRESIDENT0$0
CLAIR HALSELLVICE PRESIDE0$0
DEE ANN KIMBROTREASURER0$0
PALOMA ARZABELASECRETARY/AM0$0
ISABELLA SAENZDIRECTOR0$0
DAVID MIRANDABOARD MEMEBE0$0
CHASE VUICICHBOARD MEMEBE0$0
BRANDEE SAVELLBOARD MEMBER0$0
990-EZ for the year ended December 31, 2022: 8 people
NameTitleHours / weekCompensation
MICHAEL FARLEYPRESIDENT0$0
BRANDEE SAVELLBOARD MEMBER0$0
DAVID MIRANDABOARD MEMEBE0$0
ISABELLA SAENZBOARD MEMBER0$0
CHASE VUICICHBOARD MEMEBE0$0
LESLIE BOLDTTREASURER0$0
CLAIR HALSELLVICE PRESIDE0$0
DAVID MUNOZBOARD MEMEBE0$0

Address and contacts

Address (IRS master file)
PO BOX 577, LOVINGTON, NM 88260-0577
Principal officer (990 for 2024)
CLAIR HALSELL, PO BOX 577, LOVINGTON, NM 88260
Signed the 990
CLAIR HALSELL, DIRECTOR
Phone
(575) 396-5311
Return prepared by
JACO FINANCIAL

Mission

PROMOTE AND COORDINATE THE CIVIC, COMMERCIAL, RESIDENTIAL, AGRICULTURAL AND INDUSTRIAL DEVELOPMENT IF THE CITY OF LOVINGTON, STATE OF NEW MEXICO

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTE CIVIC DEVELOPMENT
  • PROMOTE CIVIC 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
85-0385316
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$130,905
Income (IRS master file)
$240,669

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$240,669$245,162$130,905XML
990-EZDecember 2023$184,319$187,083$131,685XML
990-EZDecember 2022$76,946$86,267$62,938XML
990-EZDecember 2021–––IRS
990-EZDecember 2020–––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 85-0385316).

Questions about LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC

What is the EIN of LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC?
The employer identification number (EIN) of LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC is 85-0385316.
Is LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
Are donations to LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE 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 LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC 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 LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC 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 LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC?
The 990 for the year ended December 31, 2024 names CLAIR HALSELL.
Who are the officers and directors of LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does LOVINGTON CHAMBER OF DEVELOPMENT & COMMERCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $240,669, expenses of $245,162 and total assets of $130,905 at year end.

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