Nonprofit · EIN 56-1436245
AVERY COUNTY CHAMBER OF COMMERCE INC
Tax-exempt · BANNER ELK, NC 28604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $319,953 | $300,365 | $19,588 | $230,195 | $29,113 | $201,082 |
| December 31, 2023 | 990 | $319,787 | $320,542 | -$755 | $186,921 | $5,427 | $181,494 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $145,261
- of which government grants
- $25,354
- Membership dues
- $108,872
- Program service revenue
- $169,508
- Investment income
- $384
- Net rental income
- $4,800
- Other revenue
- $4,800
Expenses
- Grants and similar amounts paid
- $4,000
- Compensation of officers, directors and key employees
- $153,136
- Salaries, compensation and benefits (total)
- $153,136
- Professional fundraising fees
- $0
- Accounting fees
- $1,150
- Occupancy
- $34,001
- Travel
- $358
- Depreciation
- $1,453
- Program services (functional)
- $246,269
- Management and general (functional)
- $54,096
Balance sheet and other
- Total assets, start of year
- $186,921
- Total assets, end of year
- $230,195
- Total liabilities, end of year
- $29,113
- Net assets, end of year
- $201,082
- Land, buildings and equipment
- $53,206
- Net assets without donor restrictions
- $201,082
- Gross unrelated business income
- $5,184
- Gross receipts
- $319,953
- Employees
- 6
- Volunteers
- 12
- Year formed
- 1980
- State of legal domicile
- NC
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 |
|---|---|---|---|
| VICTORIA BOWMAN | PRESIDENT Trustee or director | 2 | $0 |
| MARY KATE OLLIS | Secretary Trustee or director | 1 | $0 |
| COREY MALLARD | Treasurer Trustee or director | 5 | $0 |
| SCOTT GARLAND | VICE PRESIDENT Trustee or director | 1 | $0 |
| SCOTT BOYLES | MEMBER Trustee or director | 1 | $0 |
| CODY HOILMAN | MEMBER Trustee or director | 1 | $0 |
| LOGAN BURLESON | MEMBER Trustee or director | 1 | $0 |
| MEAGAN GOHEEN | MEMBER Trustee or director | 1 | $0 |
| JIM FITZPATRICK | MEMBER Trustee or director | 1 | $0 |
| TARA BECHARD | MEMBER Trustee or director | 1 | $0 |
| MARK JOHNSON | MEMBER Trustee or director | 1 | $0 |
| MALEA MASSEY | MEMBER Trustee or director | 1 | $0 |
| LANDIS TAYLOR | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTORIA BOWMAN | PRESIDENT Trustee or director | 2 | $0 |
| MARY KATE OLLIS | Secretary Trustee or director | 1 | $0 |
| COREY MALLARD | Treasurer Trustee or director | 5 | $0 |
| SCOTT GARLAND | VICE PRESIDENT Trustee or director | 1 | $0 |
| SCOTT BOYLES | MEMBER Trustee or director | 1 | $0 |
| CODY HOILMAN | MEMBER Trustee or director | 1 | $0 |
| LOGAN BURLESON | MEMBER Trustee or director | 1 | $0 |
| MEAGAN GOHEEN | MEMBER Trustee or director | 1 | $0 |
| JIM FITZPATRICK | MEMBER Trustee or director | 1 | $0 |
| TARA BECHARD | MEMBER Trustee or director | 1 | $0 |
| MARK JOHNSON | MEMBER Trustee or director | 1 | $0 |
| MALEA MASSEY | MEMBER Trustee or director | 1 | $0 |
| LANDIS TAYLOR | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4501 TYNECASTLE HWY UNIT 14, BANNER ELK, NC 28604-7258
- Principal officer (990 for 2024)
- COREY MALLARD, 4501Tynecastle Hwy, Banner Elk, NC 28604
- Signed the 990
- ROBIN MORGAN, EXEC. DIRECTOR
- Phone
- (828) 898-5605
- Return prepared by
- Amy G Brown CPA PC
Mission
PROMOTE TOURISM AND AREA BUSINESSES
Program accomplishments
- ADVERTISING AND PROMOTING TOURISM AND LOCAL BUSINESSES BY PLACING ADVERTISMENTS IN NEWS MEDIAN AND TRAVEL SHOWS. THE CHAMBER ALSO SPONSORS SPECIAL PROMOTIONAL EVENTS
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
- 56-1436245
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $230,195
- Income (IRS master file)
- $319,953
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $319,953 | $300,365 | $230,195 | IRS |
| 990 | December 2023 | $319,787 | $320,542 | $186,921 | XML |
| 990 | December 2022 | $317,242 | $301,748 | $190,297 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-1436245).
Questions about AVERY COUNTY CHAMBER OF COMMERCE INC
- What is the EIN of AVERY COUNTY CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of AVERY COUNTY CHAMBER OF COMMERCE INC is 56-1436245.
- Is AVERY COUNTY CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to AVERY COUNTY CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AVERY 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 AVERY 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 AVERY 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 AVERY COUNTY CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names COREY MALLARD.
- Who are the officers and directors of AVERY COUNTY CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does AVERY COUNTY CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $319,953, expenses of $300,365 and total assets of $230,195 at year end.
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