Nonprofit · EIN 54-6053130
PENINSULA INDUSTRIAL FINANCE CORPORATION
Tax-exempt · NEWPORT NEWS, VA 23607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,284 | $35,992 | -$22,708 | $2,273,810 | $15,500 | $2,258,310 |
| December 31, 2023 | 990 | $3,072 | $31,526 | -$28,454 | $2,291,518 | $10,500 | $2,281,018 |
| December 31, 2022 | 990 | $685,392 | $59,479 | $625,913 | $2,309,471 | $0 | $2,309,471 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,284
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $30,893
- Management and general (functional)
- $5,099
Balance sheet and other
- Total assets, start of year
- $2,291,518
- Total assets, end of year
- $2,273,810
- Total liabilities, end of year
- $15,500
- Net assets, end of year
- $2,258,310
- Net assets without donor restrictions
- -$12,754
- Net assets with donor restrictions
- $2,271,064
- Gross receipts
- $13,284
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1946
- 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 |
|---|---|---|---|
| CHARLENE CLARK | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| JOCELYN BOYER | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN LYLES | DIRECTOR Trustee or director | 0.5 | $0 |
| AMBER RICE | DIRECTOR Trustee or director | 0.5 | $0 |
| DIANNE SUBER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLENE CLARK | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| JOCELYN BOYER | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN LYLES | DIRECTOR Trustee or director | 0.5 | $0 |
| AMBER RICE | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCELYN SPIGHT ROACHE CRC | VP AND VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| BETH W MORE | PRESIDENT AND CHAIR Trustee or director, Officer | 0.5 | $0 |
| SYLVIA WEINSTEIN CRAFT | DIRECTOR Trustee or director | 0.5 | $0 |
| JAMES PETERSON | DIRECTOR Trustee or director | 0.5 | $0 |
| LAURA SANDFORD | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2400 WASHINGTON AVE, NEWPORT NEWS, VA 23607-4301
- In care of
- % CITY OF NEWPORT NEWS DEPT OF DEVE
- Mailing address (990-N for 2020)
- 2400 Washington Avenue 3rd floor, Newport News VA 23607
- Principal officer (990 for 2024)
- CHARLENE CLARK, 102 N Hope Street, Hampton, VA 23663
- Principal officer (990-N for 2020)
- Beth Moore, 735 Thimble Shoals Blvd Suite 150, Newport News VA 23606
- Signed the 990
- FLORENCE KINGSTON, SECRETARY/TREASURER
- Phone
- (757) 926-8428
- Return prepared by
- DOOLEY & VICARS CERTIFIED PUBLIC
Mission
PENINSULA INDUSTRIAL FINANCE CORPORATION ASSISTS THE ECONOMIC GROWTH IN NEWPORT NEWS AND HAMPTON VA BY FINANCING LOANS THROUGH THE PENINSULA REVOLVING FUND PROGRAM AND THE PENISULA CARES ACT FUND.
Program accomplishments
- PENINSULA REVOLVING LOAN PROGRAM-TO PROVIDE LOANS TO COMPANIES IN ECONOMIC BASE INDUSTRIES LOCATED IN HAMPTON AND NEWPORT NEWS, VIRGINIA. THE LOANS ARE AVAILABLE TO FINANCE EQUIPMENT AND WORKING CAPITAL IN ADDITION TO FIXED ASSETS.
- PENINSULA CARES ACT FUND-LOANS TO ASSIST BUSINESSES IN NEWPORT NEWS AND HAMPTON, VIRGINIA TO AALEVIATE SUDDEN AND SEVERE ECONOMIC DISLOCATION. CAUSED BY COVID-19, TO PROVIDE PERMANENT RESOURCES TO SUPPORT ECONOMIC RESILIENCY, AND TO FURTHER THE LONG-TERM ECONOMIC ADJUSTMENT OBJECTIVES OF THE REGION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 54-6053130
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $2,273,810
- Income (IRS master file)
- $13,284
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $13,284 | $35,992 | $2,273,810 | XML |
| 990 | December 2023 | $3,072 | $31,526 | $2,291,518 | XML |
| 990 | December 2022 | $685,392 | $59,479 | $2,309,471 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Beth Moore | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Beth Moore | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 54-6053130).
Questions about PENINSULA INDUSTRIAL FINANCE CORPORATION
- What is the EIN of PENINSULA INDUSTRIAL FINANCE CORPORATION?
- The employer identification number (EIN) of PENINSULA INDUSTRIAL FINANCE CORPORATION is 54-6053130.
- Is PENINSULA INDUSTRIAL FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1948.
- Are donations to PENINSULA INDUSTRIAL FINANCE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PENINSULA INDUSTRIAL FINANCE CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PENINSULA INDUSTRIAL FINANCE CORPORATION 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 PENINSULA INDUSTRIAL FINANCE CORPORATION 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 PENINSULA INDUSTRIAL FINANCE CORPORATION?
- The 990 for the year ended December 31, 2024 names CHARLENE CLARK.
- Who are the officers and directors of PENINSULA INDUSTRIAL FINANCE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PENINSULA INDUSTRIAL FINANCE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,284, expenses of $35,992 and total assets of $2,273,810 at year end.
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