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Nonprofit · EIN 54-0165010

ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE

Tax-exempt · COVINGTON, VA 24426

Financials

$757K$762K2023$978K$877K2024
Revenue Expenses · by fiscal year end
Financials of ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$977,962$877,267$100,695$549,242$308$548,934
December 31, 2023990$757,018$761,918-$4,900$398,990$7,695$391,295
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$892,950
Membership dues
$68,386
Program service revenue
$0
Investment income
$5,059
Net income from fundraising events
$79,953
Other revenue
$79,953

Expenses

Grants and similar amounts paid
$20,005
Compensation of officers, directors and key employees
$97,340
Other salaries and wages
$127,330
Salaries, compensation and benefits (total)
$250,915
Professional fundraising fees
$0
Occupancy
$23,786
Travel
$5,175
Program services (functional)
$314,930
Management and general (functional)
$562,337

Balance sheet and other

Total assets, start of year
$398,990
Total assets, end of year
$549,242
Total liabilities, end of year
$308
Net assets, end of year
$548,934
Land, buildings and equipment
$31,894
Net assets without donor restrictions
$548,934
Gross receipts
$977,962
Employees
10
Volunteers
10
Year formed
1960
State of legal domicile
VA

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
Josh TaylorExecutive Director
Officer, Key employee, Highest-paid employee
50$70,890
Teresa HammondExecutive Director
Officer, Key employee, Highest-paid employee
50$37,969
Jon FitzgeraldPast President
Officer
5$0
Kathleen AllPresident
Officer
5$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Teresa HammondExecutive Director
Officer, Key employee, Highest-paid employee
50$101,652
John RainonePast President
Officer
5$0
Jon FitzgeraldPresident
Officer
5$0

Address and contacts

Address (IRS master file)
110 MALL RD, COVINGTON, VA 24426-2413
Principal officer (990 for 2024)
Teresa Hammond, 102 Maple Lane, Covington, VA 24426
Signed the 990
Josh Taylor, Executive Director
Phone
(540) 962-2178
Return prepared by
SCHOPPMEYER FINANCIAL

Mission

Promote economic development and tourism in the Alleghany Highlands

990 for the year ended December 31, 2024

Program accomplishments

  • Promote economic development and tourism in the Alleghany Highlands
    Expenses $314,930 · grants $102,973 · revenue $824,564

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
54-0165010
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
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$549,242
Income (IRS master file)
$977,962

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$977,962$877,267$549,242XML
990December 2023$757,018$761,918$398,990XML
990December 2022$734,524$751,231$323,100IRS
990December 2021–––IRS
990December 2020–––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 54-0165010).

Questions about ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE

What is the EIN of ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE?
The employer identification number (EIN) of ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE is 54-0165010.
Is ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALLEGHANY HIGHLANDS 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 ALLEGHANY HIGHLANDS 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 ALLEGHANY HIGHLANDS 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 ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 names Teresa Hammond.
Who are the officers and directors of ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE?
The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $70,890 (Josh Taylor, Executive Director).
How much revenue does ALLEGHANY HIGHLANDS CHAMBER OF COMMERCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $977,962, expenses of $877,267 and total assets of $549,242 at year end.

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