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Nonprofit · EIN 95-1688466

LAKE ELSINORE VALLEY CHAMBER OF COMMERCE

Tax-exempt (reinstated) · LAKE ELSINORE, CA 92530

Financials

$516K$547K2023$655K$696K2024
Revenue Expenses · by fiscal year end
Financials of LAKE ELSINORE VALLEY CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$654,988$695,926-$40,938$72,508$60,851$11,657
December 31, 2023990$515,684$546,607-$30,923$52,405$21,300$31,105
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$163,016
of which government grants
$163,016
Program service revenue
$491,972
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$174,967
Other salaries and wages
$92,471
Salaries, compensation and benefits (total)
$318,899
Professional fundraising fees
$0
Occupancy
$6,945
Program services (functional)
$695,926

Balance sheet and other

Total assets, start of year
$52,405
Total assets, end of year
$72,508
Total liabilities, end of year
$60,851
Net assets, end of year
$11,657
Land, buildings and equipment
$5,000
Gross receipts
$654,988
Employees
0
Volunteers
0
Year formed
1959
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 / weekCompensation
KIM JOSEPH COUSINSCEO
Trustee or director
50$174,967
JEFF UPCRAFTCHAIRMAN
Trustee or director
4$0
JACK FERGUSONTREASURER
Trustee or director
2$0
ELIZABETH ROUSE1ST VICE CHAIR
Trustee or director
2$0
GUY SELLECK2ND VICE CHAIR
Trustee or director
2$0
PARISA JEBELLISECRETARY
Trustee or director
2$0
MICHELE MUNOZIMMEDIATE PAST CHAIRMAN
Trustee or director
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JEFF UPCRAFTCHAIRMAN
Trustee or director
4$0
KIM JOSEPH COUSINSCEO
Trustee or director
50$0
JACK FERGUSONTREASURER
Trustee or director
2$0
ELIZABETH ROUSE1ST VICE CHAIR
Trustee or director
2$0
GUY SELLEECK2ND VICE CHAIR
Trustee or director
2$0
PARISA JEBELLISECRETARY
Trustee or director
2$0
MICHELE MUNOZIMMEDIATE PAST CHAIRMAN
Trustee or director
2$0

Address and contacts

Address (IRS master file)
132 W GRAHAM AVE, LAKE ELSINORE, CA 92530-4121
In care of
% JACK FERGUSON
Principal officer (990 for 2024)
KIM J COUSINS, 132 W GRAHAM AVE, LAKE ELSINORE, CA 92530
Signed the 990
KIM J COUSINS, CEO
Phone
(951) 677-2424
Return prepared by
FERGUSON & MAY LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 95-1688466 or by the name LAKE ELSINORE VALLEY CHAMBER OF COMMERCE.

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

Mission

THE ORGANIZATION'S PRIMARY MISSION IS THE PROMOTION OF COMMERCE WITHIN THE LAKE ELSINORE VALLEY AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION PROVIDES SERVICE TO THE COMMUNITY AND ARE BY HELPING THE ECONOMY AND BRINGING JOBS AND BUSINESS TO THE AREA. THE ORGANIZATION ALSO PROVIDES SERVICES TO THE CITY OF LAKE ELSINORE TO IMPROVE TOURISM AND BRING JOBS TO THE COMMUNITY.
    Expenses $695,926

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 on file

IRS record

EIN
95-1688466
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$72,508
Income (IRS master file)
$654,988

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
November 7, 2017
Reinstated
Effective May 15, 2010

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$654,988$695,926$72,508XML
990December 2023$515,684$546,607$52,405XML
990December 2022$409,970$387,043$117,050IRS
990December 2020–––IRS
990December 2019–––IRS
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 95-1688466).

Questions about LAKE ELSINORE VALLEY CHAMBER OF COMMERCE

What is the EIN of LAKE ELSINORE VALLEY CHAMBER OF COMMERCE?
The employer identification number (EIN) of LAKE ELSINORE VALLEY CHAMBER OF COMMERCE is 95-1688466.
Is LAKE ELSINORE VALLEY CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to LAKE ELSINORE VALLEY CHAMBER OF COMMERCE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKE ELSINORE VALLEY 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 LAKE ELSINORE VALLEY 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 LAKE ELSINORE VALLEY 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 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 names KIM J COUSINS.
Who are the officers and directors of LAKE ELSINORE VALLEY CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $174,967 (KIM JOSEPH COUSINS, CEO).
How much revenue does LAKE ELSINORE VALLEY CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $654,988, expenses of $695,926 and total assets of $72,508 at year end.

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