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Nonprofit · EIN 23-7248959

ABILENE CHAMBER OF COMMERCE FOUNDATION

Tax-exempt · ABILENE, TX 79604

Financials

$372K$396K2022$272K$262K2023$228K$212K2024
Revenue Expenses · by fiscal year end
Financials of ABILENE CHAMBER OF COMMERCE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$227,921$211,608$16,313$587,390$31$587,359
September 30, 2024990$271,646$262,290$9,356$557,889$2,647$555,242
September 30, 2023990$372,393$395,691-$23,298$510,419$3,484$506,935
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$211,447
Program service revenue
$0
Investment income
$16,474
Net gain from sales of assets
$3,597
Other revenue
$0

Expenses

Grants and similar amounts paid
$183,434
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,500
Program services (functional)
$206,800
Management and general (functional)
$4,808

Balance sheet and other

Total assets, start of year
$557,889
Total assets, end of year
$587,390
Total liabilities, end of year
$31
Net assets, end of year
$587,359
Net assets without donor restrictions
$7,270
Net assets with donor restrictions
$580,089
Gross receipts
$227,921
Employees
0
Volunteers
4
Year formed
1972
State of legal domicile
TX

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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DOUGLAS PETERSPRESIDENT AN
Officer
1$0$300,095$52,990
FRANCES WILLIAMSONCFO
Officer
1$0$71,809$7,275
DAVID BAILEYSECRETARY/TR
Trustee or director, Officer
1$0$0$0
BRAD BENHAMCHAIR-ELECT
Trustee or director, Officer
1$0$0$0
KELLY JAYPAST CHAIR
Trustee or director, Officer
1$0$0$0
KELSI MANGREMCHAIR
Trustee or director, Officer
1$0$0$0
990 for the year ended September 30, 2024: 5 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Doug PetersPresident & CEO
Officer
1$0$284,329$49,057
Frances WilliamsonVice President Administration
Officer
1$0$72,147$7,201
Kelly JayChair
Trustee or director, Officer
1$0$0$0
Laura MoorePast Chair
Trustee or director, Officer
1$0$0$0
Kelsi MangremChair Elect
Trustee or director, Officer
1$0$0$0
990 for the year ended September 30, 2023: 5 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Doug PetersPresident & CEO
Officer
1$0$276,813$45,457
Laura MooreChair
Trustee or director, Officer
1$0$0$0
Kelly JayChair Elect
Trustee or director, Officer
1$0$0$0
Kelsi MangremSecretaryTreasurer
Trustee or director, Officer
1$0$0$0
Marshall MorrisPast Chair
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
PO BOX 2281, ABILENE, TX 79604-2281
Principal officer (990 for 2024)
DOUGLAS PETERS
Signed the 990
DOUGLAS PETERS, PRESIDENT AND CEO
Phone
(325) 677-7241
Return prepared by
ROBERTS & MCGEE CPA PLLC

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION, AND TRAINING, AND PROBLEMS OF MINORITY GROUPS THEREBY PROMOTING THE ECONOMY AND QUALITY OF LIFE IN ABILENE, TEXAS.

990 for the year ended September 30, 2025

Program accomplishments

  • COMMUNITY PROGRAMS - VAIOUS CONTRIBUTIONS SUPPORTING THE PROGRAMS OF THE ABILENE REGIONAL GROWTH ALLIANCE, THE ABILENE CHAMBER OF COMMERCE, AND OTHER LOCAL NON-PROFIT ENTITIES.
    Expenses $206,800 · grants $183,434

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

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
23-7248959
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
1972
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$587,390
Income (IRS master file)
$227,921

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$227,921$211,608$587,390XML
990September 2024$271,646$262,290$557,889XML
990September 2023$372,393$395,691$510,419XML
990September 2022$366,042$255,864$517,624IRS
990-EZSeptember 2021–––IRS
990-EZSeptember 2020–––IRS
990September 2019–––IRS
990September 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 23-7248959).

Questions about ABILENE CHAMBER OF COMMERCE FOUNDATION

What is the EIN of ABILENE CHAMBER OF COMMERCE FOUNDATION?
The employer identification number (EIN) of ABILENE CHAMBER OF COMMERCE FOUNDATION is 23-7248959.
Is ABILENE CHAMBER OF COMMERCE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to ABILENE CHAMBER OF COMMERCE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ABILENE CHAMBER OF COMMERCE FOUNDATION 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 ABILENE CHAMBER OF COMMERCE FOUNDATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ABILENE CHAMBER OF COMMERCE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of ABILENE CHAMBER OF COMMERCE FOUNDATION?
The 990 for the year ended September 30, 2025 names DOUGLAS PETERS.
Who are the officers and directors of ABILENE CHAMBER OF COMMERCE FOUNDATION?
The 990 for the year ended September 30, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does ABILENE CHAMBER OF COMMERCE FOUNDATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $227,921, expenses of $211,608 and total assets of $587,390 at year end.

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