Nonprofit · EIN 54-0282581
LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC
Tax-exempt · LEXINGTON, VA 24450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $236,432 | $251,273 | -$14,841 | $57,585 | $25,134 | $32,451 |
| December 31, 2023 | 990 | $224,986 | $248,609 | -$23,623 | $76,744 | $29,452 | $47,292 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $172,444
- of which government grants
- $12,500
- Membership dues
- $77,461
- Program service revenue
- $7,685
- Investment income
- $371
- Net income from fundraising events
- $50,761
- Other revenue
- $55,932
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $76,731
- Other salaries and wages
- $78,105
- Salaries, compensation and benefits (total)
- $186,721
- Professional fundraising fees
- $0
- Accounting fees
- $2,400
- Occupancy
- $22,182
Balance sheet and other
- Total assets, start of year
- $76,744
- Total assets, end of year
- $57,585
- Total liabilities, end of year
- $25,134
- Net assets, end of year
- $32,451
- Net assets without donor restrictions
- $32,451
- Gross receipts
- $300,720
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1942
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACY LYONS | EXECUTIVE DIRECTOR Trustee or director | 50 | $76,731 |
| BEN WORTH | PRESIDENT Trustee or director, Officer | 0 | $0 |
| JANIE HARRIS | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| JENNIFER BELL | TREASURER Trustee or director, Officer | 0 | $0 |
| STACY STEVENS | IMMEDIATE PAST PRESIDENT Trustee or director | 0 | $0 |
| COREY BACHMAN | DIRECTOR Trustee or director | 0 | $0 |
| KATHERINE BRINKLEY | DIRECTOR Trustee or director | 0 | $0 |
| KELLI WOODARD | DIRECTOR Trustee or director | 0 | $0 |
| ANNE HERRING | DIRECTOR Trustee or director | 0 | $0 |
| WARD HUFFMAN | DIRECTOR Trustee or director | 0 | $0 |
| SUSAN KIRBY | DIRECTOR Trustee or director | 0 | $0 |
| CRAIG LAWHORN | DIRECTOR Trustee or director | 0 | $0 |
| GREG MADSEN | DIRECTOR Trustee or director | 0 | $0 |
| JEFF PUFAHL | DIRECTOR Trustee or director | 0 | $0 |
| TASHA WALSH | DIRECTOR Trustee or director | 0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREN WELSH | DIRECTOR Trustee or director | 0 | $0 |
| SHERI WILCOX | DIRECTOR Trustee or director | 0 | $0 |
| JOHN STALLARD | DIRECTOR Trustee or director | 0 | $0 |
| ALBERT VARGAS | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACY LYONS | EXECUTIVE DIRECTOR Trustee or director | 50 | $74,496 |
| BEN WORTH | PRESIDENT Trustee or director, Officer | 0 | $0 |
| JANIE HARRIS | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| KELLI WOODARD | DIRECTOR Trustee or director, Officer | 0 | $0 |
| STACY STEVENS | IMMEDIATE PAST PRESIDENT Trustee or director | 0 | $0 |
| COREY BACHMAN | DIRECTOR Trustee or director | 0 | $0 |
| KATHERINE BRINKLEY | DIRECTOR Trustee or director | 0 | $0 |
| JENNIFER BELL | DIRECTOR Trustee or director | 0 | $0 |
| ANNE HERRING | DIRECTOR Trustee or director | 0 | $0 |
| WARD HUFFMAN | DIRECTOR Trustee or director | 0 | $0 |
| SUSAN KIRBY | DIRECTOR Trustee or director | 0 | $0 |
| CRAIG LAWHORN | DIRECTOR Trustee or director | 0 | $0 |
| GREG MADSEN | DIRECTOR Trustee or director | 0 | $0 |
| JEFF PUFAHL | DIRECTOR Trustee or director | 0 | $0 |
| TASHA WALSH | DIRECTOR Trustee or director | 0 | $0 |
| LAUREN WELSH | DIRECTOR Trustee or director | 0 | $0 |
| SHERI WILCOX | DIRECTOR Trustee or director | 0 | $0 |
| JOHN STALLARD | DIRECTOR Trustee or director | 0 | $0 |
| ALBERT VARGAS | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 18 E NELSON ST STE 101, LEXINGTON, VA 24450-2543
- Principal officer (990 for 2024)
- TRACY LYONS, 18 E NELSON STREET, LEXINGTON, VA 24450
- Signed the 990
- TRACY LYONS, EXECUTIVE DIRECTOR
- Phone
- (540) 463-5375
- Website
- WWW.LEXROCKCHAMBER.COM
- Return prepared by
- RAETZ & HAWKINS PC CPAS
Mission
TO PROMOTE BUSINESS AND COMMERCE IN THE LEXINGTON, BUENA VISTA AND ROCKBRIDGE COUNTY AREA.
Program accomplishments
- PROMOTES A BETTER, MORE VIABLE BUSINESS COMMUNITY BY RECOGNITION OF LOCAL BUSINESS LEADERS & SPONSORSHIPS OF COMMUNITY EVENTS. PROVIDES INFORMATION AND ENCOURAGES PARTICIPATION ON COMMUNITY ISSUES.
- PROMOTES ECONOMIC DEVELOPMENT IN THE LEXINGTON-ROCKBRIDGE COUNTY AREA.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0282581
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $57,585
- Income (IRS master file)
- $300,720
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $236,432 | $251,273 | $57,585 | IRS |
| 990 | December 2023 | $224,986 | $248,609 | $76,744 | XML |
| 990 | December 2022 | $207,405 | $220,669 | $101,187 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 54-0282581).
Questions about LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC
- What is the EIN of LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC is 54-0282581.
- Is LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC 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 LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC 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 LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC 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 LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names TRACY LYONS.
- Who are the officers and directors of LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $76,731 (TRACY LYONS, EXECUTIVE DIRECTOR).
- How much revenue does LEXINGTON-ROCKBRIDGE COUNTY CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $236,432, expenses of $251,273 and total assets of $57,585 at year end.
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