Nonprofit · EIN 56-0578942
MOORESVILLE CHAMBER OF COMMERCE
Tax-exempt · MOORESVILLE, NC 28115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $392,375 | $424,655 | -$32,280 | $749,411 | $0 | $749,411 |
| December 31, 2023 | 990 | $390,118 | $391,840 | -$1,722 | $781,691 | $0 | $781,691 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $256,872
- Membership dues
- $216,602
- Program service revenue
- $102,058
- Investment income
- $9,145
- Net rental income
- $24,000
- Other revenue
- $24,300
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $138,440
- Other salaries and wages
- $92,533
- Salaries, compensation and benefits (total)
- $267,761
- Professional fundraising fees
- $0
- Depreciation
- $13,334
- Program services (functional)
- $177,998
- Management and general (functional)
- $172,023
- Fundraising (functional)
- $74,634
Balance sheet and other
- Total assets, start of year
- $781,691
- Total assets, end of year
- $749,411
- Total liabilities, end of year
- $0
- Net assets, end of year
- $749,411
- Land, buildings and equipment
- $262,501
- Net assets without donor restrictions
- $748,891
- Net assets with donor restrictions
- $520
- Gross receipts
- $392,375
- Employees
- 3
- Volunteers
- 20
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 |
|---|---|---|---|
| Kirk Ballard | President Officer | 40 | $138,440 |
| Susan Blackwelder | VC of Finance Trustee or director, Officer | 3 | $0 |
| Dan Breuer | Chairman Trustee or director, Officer | 3 | $0 |
| Michael Cook | VC Development Trustee or director, Officer | 3 | $0 |
| Chris Montgomery | VC Marketing Trustee or director, Officer | 3 | $0 |
| Myron Gough | VC Public Trustee or director, Officer | 3 | $0 |
| John Dodson | VC Membership Trustee or director, Officer | 3 | $0 |
| Grant Shoe | VC of Economic Trustee or director, Officer | 3 | $0 |
| Bill Thunberg | VC Business Trustee or director, Officer | 3 | $0 |
| Brad Harvey | Past Chairman Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kirk Ballard | President Officer | 40 | $118,170 |
| Chris Nichols | VC of Finance Trustee or director, Officer | 3 | $0 |
| Grant Shoe | Chairman Trustee or director, Officer | 3 | $0 |
| Brad Harvey | VC Development Trustee or director, Officer | 3 | $0 |
| Mark Needham | VC Marketing Trustee or director, Officer | 3 | $0 |
| Kevin Donaldson | VC Public Trustee or director, Officer | 3 | $0 |
| John Dodson | VC Membership Trustee or director, Officer | 3 | $0 |
| Randy Welch | VC of Economic Trustee or director, Officer | 3 | $0 |
| Bill Thunberg | VC Business Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 149 E IREDELL AVE, MOORESVILLE, NC 28115-2451
- Principal officer (990 for 2024)
- Kirk Ballard, 149 E Iredell Ave, Mooresville, NC 28115
- Signed the 990
- Kirk Ballard, President
- Phone
- (704) 664-3898
- Return prepared by
- Foard and Company PA
Mission
Proactive Business and community organization committed to providing education and support dedicated to economic success and quality of life through out the greater
Program accomplishments
- Annual Meeting:Chamber and community Awards Meeting with lunch and speaker.Expenses $21,048 · revenue $51,028
- Race City Festival:One Day Street Festival in Downtown Mooresville with vendor booths (artists, non-profits, businesses) and entertainmentExpenses $13,722 · revenue $25,395
- Spring Golf TournamentExpenses $4,356 · revenue $6,750
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
- 56-0578942
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $749,411
- Income (IRS master file)
- $392,375
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $392,375 | $424,655 | $749,411 | XML |
| 990 | December 2023 | $390,118 | $391,840 | $781,691 | XML |
| 990 | December 2022 | $387,585 | $382,060 | $783,413 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 56-0578942).
Questions about MOORESVILLE CHAMBER OF COMMERCE
- What is the EIN of MOORESVILLE CHAMBER OF COMMERCE?
- The employer identification number (EIN) of MOORESVILLE CHAMBER OF COMMERCE is 56-0578942.
- Is MOORESVILLE CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1954.
- Are donations to MOORESVILLE CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MOORESVILLE 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 MOORESVILLE 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 MOORESVILLE 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 MOORESVILLE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names Kirk Ballard.
- Who are the officers and directors of MOORESVILLE CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $138,440 (Kirk Ballard, President).
- How much revenue does MOORESVILLE CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $392,375, expenses of $424,655 and total assets of $749,411 at year end.
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