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Nonprofit · EIN 95-1643499

VERNON CHAMBER OF COMMERCE

Tax-exempt (reinstated) · VERNON, CA 90058

Financials

$364K$308K2024
Revenue Expenses · by fiscal year end
Financials of VERNON CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$363,674$307,587$56,087$149,298$41,197$108,101
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$58,447
Membership dues
$58,447
Program service revenue
$246,930
Investment income
$114
Net income from fundraising events
$58,183
Other revenue
$58,183

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$85,625
Salaries, compensation and benefits (total)
$94,049
Professional fundraising fees
$0
Accounting fees
$3,500
Occupancy
$13,293
Depreciation
$503
Program services (functional)
$176,475
Management and general (functional)
$108,396
Fundraising (functional)
$22,716

Balance sheet and other

Total assets, start of year
$126,401
Total assets, end of year
$149,298
Total liabilities, end of year
$41,197
Net assets, end of year
$108,101
Land, buildings and equipment
$210
Net assets without donor restrictions
$108,101
Gross receipts
$392,861
Employees
1
Year formed
1950
State of legal domicile
CA

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 / weekCompensationOther / benefits
MARISA OLGUINPresident & CEO
Trustee or director, Officer
40$107,557$19,910
LISETTE GAVINA LOPEZVICE CHAIRMAN
Trustee or director, Officer
1$0$0
JIM BOLTINGHOUSEDirector
Trustee or director
1$0$0
CHAVIS FERGUSONVICE CHAIRMAN
Trustee or director, Officer
1$0$0
JULIET GOFFVICE CHAIRMAN
Trustee or director, Officer
1$0$0
JIMMY ANDREOLI IIDirector
Trustee or director
1$0$0
DOUGLAS WILLIAMSVICE CHAIRMAN
Trustee or director, Officer
1$0$0
PHILLIP TED ATTALLAChairman
Trustee or director, Officer
1$0$0
SILVIA KIRKORIANDirector
Trustee or director
1$0$0
HOWARD CHOIDirector
Trustee or director
1$0$0
ROSE NORDBROCKDirector
Trustee or director
1$0$0
BRIAN BAILEYDirector
Trustee or director
1$0$0
STEVE FREEDVICE CHAIRMAN
Trustee or director, Officer
1$0$0
JIM HANCOCKDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2724 LEONIS BLVD, VERNON, CA 90058-2305
In care of
% MARISA OLGUIN
Principal officer (990 for 2024)
MARISA OLGUIN, 2724 LEONIS BLVD, VERNON, CA 90058
Signed the 990
MARISA OLGUIN, President & CEO
Phone
(323) 583-3313
Return prepared by
Moss Levy & Hartzheim CPAs

California records

California keeps its own records of charities and corporations. Search them by EIN 95-1643499 or by the name VERNON CHAMBER OF COMMERCE.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

The mission of the Chamber is to provide business resources, education and advocacy to the community to strengthen and enhance economic prosperity for its members and the city.

990 for the year ended December 31, 2024

Program accomplishments

  • STATE OF THE CITY / CITIZEN OF THE YEARTHE CHAMBER HELD ITS CORPORATE CITIZEN OF THE YEAR AWARD TO ACKNOWLEDGE BUSINESSES WHO MAKE A DIFFERENCE IN THE CITY AND COMMUNITY. EVENT HIGHLIGHTS VERNON BUSINESSES WITH STRONG ECONOMIC GROWTH IN THE CITY, WHO ARE LEADERS IN INDUSTRY, AND MAKE A DIFFERENCE THROUGH PHILANTHROPY.
    Expenses $141,180
  • THE ECONOMIC FORECAST & INDUSTRY UPDATE THIS EVENT RETURNS POST-COVID TO GIVE EMPLOYERS THE STATE OF THE ECONOMY, AN INDUSTRY OUTLOOK ON THE GLOBAL, NATIONAL AND STATE LEVEL. SPEAKERS PRESENT ON THE REAL ESTATE MARKET, INDUSTRY TRENDS, AND LABOR MARKET. THE EVENT IS HELD TO EDUCATE, PRMOTE THE VERNON COMMUNITY, AND FACILITATE NETWORKING.
    Expenses $22,942
  • WORKSHOPS & TRAININGSTHE CHAMBER WENT BACK TO HOLDING IN-PERSON EDUCATIONAL SEMINARS FOR VERNON EMPLOYERS TO EDUCATE AND TRAIN KEY EXECUTIVES IN THE LATEST BESTPRACTICES IN HUMAN RESOURCES, LABOR LAW, SAFETY REGULATIONS, AND RISK MANAGEMENT.
    Expenses $12,354

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, 2024Check at the IRS

IRS record

EIN
95-1643499
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$149,298
Income (IRS master file)
$392,861

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$363,674$307,587$149,298XML
990December 2018–––IRS
990December 2017–––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 95-1643499).

Questions about VERNON CHAMBER OF COMMERCE

What is the EIN of VERNON CHAMBER OF COMMERCE?
The employer identification number (EIN) of VERNON CHAMBER OF COMMERCE is 95-1643499.
Is VERNON CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to VERNON CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does VERNON 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 VERNON CHAMBER OF COMMERCE 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 VERNON 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 VERNON CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 names MARISA OLGUIN.
Who are the officers and directors of VERNON CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $107,557 (MARISA OLGUIN, President & CEO).
How much revenue does VERNON CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $363,674, expenses of $307,587 and total assets of $149,298 at year end.

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