Nonprofit · EIN 92-0859710
BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN
Tax-exempt · BOONE, NC 28607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,509,332 | $1,450,420 | $58,912 | $90,806 | $0 | $90,806 |
| June 30, 2024 | 990-EZ | $197,058 | $172,573 | $24,485 | $31,894 | – | $31,894 |
| June 30, 2023 | 990-EZ | $50,071 | $42,662 | $7,409 | $7,409 | – | $7,409 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,439,450
- of which government grants
- $100,000
- Program service revenue
- $68,889
- Investment income
- $993
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $42,232
- Salaries, compensation and benefits (total)
- $42,232
- Professional fundraising fees
- $0
- Travel
- $430
- Program services (functional)
- $1,394,589
- Management and general (functional)
- $26,674
- Fundraising (functional)
- $29,157
Balance sheet and other
- Total assets, start of year
- $31,894
- Total assets, end of year
- $90,806
- Total liabilities, end of year
- $0
- Net assets, end of year
- $90,806
- Net assets without donor restrictions
- $90,806
- Gross receipts
- $1,509,332
- Employees
- 1
- Volunteers
- 59
- Year formed
- 2022
- State of legal domicile
- NC
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH FURMAN | EXECUTIVE DIRECTOR Officer | 20 | $38,358 |
| MARK GOULD | MEMBER Trustee or director | 1 | $0 |
| HEIDI RAGAN | MEMBER Trustee or director | 1 | $0 |
| TARA BROSSA | MEMBER Trustee or director | 1 | $0 |
| JOE NASH | MEMBER Trustee or director | 1 | $0 |
| DAVID JACKSON | MEMBER Trustee or director | 3 | $0 |
| EDWARD HINSON | MEMBER Trustee or director | 1 | $0 |
| AMY CRABBE | MEMBER Trustee or director | 1 | $0 |
| DR LESLIE ALEXANDER | MEMBER Trustee or director | 1 | $0 |
| CHUCK EYLER | MEMBER Trustee or director | 1 | $0 |
| DR HARRY DAVIS | MEMBER Trustee or director | 1 | $0 |
| TALIA FREEMAN | MEMBER Trustee or director | 1 | $0 |
| JASON TRIPLETT | MEMBER Trustee or director | 1 | $0 |
990-EZ for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH FURMAN | EXECUTIVE DIRECTOR | 40 | $33,000 |
| HEIDI RAGAN | CHAIR | 2 | $0 |
| MARK GOULD | CHAIR ELECT | 2 | $0 |
| TALIA FREEMEAN | IMMEDIATE PAST CHAIR | 2 | $0 |
| JOE NASH | TREASURER | 2 | $0 |
| EDWARD HINSON | DIRECTOR | 1 | $0 |
| CHUCK EYLER | DIRECTOR | 1 | $0 |
| AMY CRABBE | DIRECTOR | 1 | $0 |
| JASON TRIPLETT | DIRECTOR | 1 | $0 |
| DR LESLIE ALEXANDER | DIRECTOR | 1 | $0 |
990-EZ for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEIDI RAGAN | CHAIR | 2 | $0 |
| MARK GOULD | CHAIR ELECT | 2 | $0 |
| TALIA FREEMEAN | IMMEDIATE PAST CHAIR | 2 | $0 |
| JOE NASH | TREASURER | 2 | $0 |
| EDWARD HINSON | DIRECTOR | 1 | $0 |
| CHUCK EYLER | DIRECTOR | 1 | $0 |
| AMY CRABBE | DIRECTOR | 1 | $0 |
| JASON TRIPLETT | DIRECTOR | 1 | $0 |
| LESLIE ALEXANDER | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 207 NEW MARKET CTR PMB 45, BOONE, NC 28607-3993
- In care of
- % DAVID JACKSON
- Principal officer (990 for 2024)
- JOSEPH FURMAN, 579 GREENWAY ROAD, BOONE, NC 28607
- Signed the 990
- JOSEPH FURMAN, EXECUTIVE DIRECTOR
- Phone
- (828) 264-2225
- Return prepared by
- Combs Tennant & Carpenter PC
Mission
TO SOLICIT, MANAGE, AND DISTRIBUTE FUNDS AND RESOURCES TO FURTHER THE DEVELOPMENT AND WELFARE OF THE BOONE AND WATAUGA COUNTY, NC AREA THROUGH ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE, EDUCATIONAL, OR SCIENTIFIC.
Program accomplishments
- ECONOMIC DEVELOPMENT: DATA-DRIVEN AND COMMUNITY-FOCUSED INVESTMENT TO ADDRESS EMERGENT NEEDS OF LOCAL BUSINESSES AND THE PEOPLE THEY SERVE, SCHOLARSHIPS, AREA EVENT SUPPORT, AND OTHER SPECIAL PROJECTS.Expenses $36,871
- EARLY CHILDHOOD DEVELOPMENT & EDUCATION: SUPPORT OF WORKFORCE DEVELOPMENT AND EDUCATIONAL ATTAINMENT NEEDS FOR WATAUGA COUNTYS EARLY CHILDHOOD WORKFORCE AND RELATED EDUCATION INITIATIVES.Expenses $30,000 · revenue $31,000
- DISASTER RELIEF: ESTABLISHED HIGH COUNTRY BUSINESS RESILIENCY DISASTER PROGRAM TO HELP SMALL BUSINESSES IN WATAUGA, ASHE, AND AVERY COUNTIES RECOVER FROM CRIPPLING IMPACTS OF HURRICANE HELENE. EMERGENCY FINANCIAL SUPPORT PROVIDES NECESSARY AID TO BUSINESSES THAT HAVE SUPPORTED THE COMMUNITY FOR GENERATIONS.Expenses $1,264,009
- OTHER PROGRAMS INCLUDE WORKFORCE DEVELOPMENT VIA EMPLOYER TRAININGS (STABLE); ECONOMIC DATA ANALYSIS AND RELATED RESEARCH; SPECIAL PROJECT SUPPORT FOR COMMUNITY STAKEHOLDERS; ETC.Expenses $63,709 · revenue $37,889
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-0859710
- 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
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W12)
- Assets (IRS master file)
- $90,806
- Income (IRS master file)
- $1,509,332
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,509,332 | $1,450,420 | $90,806 | IRS |
| 990-EZ | June 2024 | $197,058 | $172,573 | $31,894 | XML |
| 990-EZ | June 2023 | $50,071 | $42,662 | $7,409 | XML |
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 92-0859710).
Questions about BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN
- What is the EIN of BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN?
- The employer identification number (EIN) of BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN is 92-0859710.
- Is BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN 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 BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN 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 BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN 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 BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN?
- The 990 for the year ended June 30, 2025 names JOSEPH FURMAN.
- Who are the officers and directors of BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN?
- The 990 for the year ended June 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $38,358 (JOSEPH FURMAN, EXECUTIVE DIRECTOR).
- How much revenue does BOONE AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT COMMISSION IN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,509,332, expenses of $1,450,420 and total assets of $90,806 at year end.
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