Nonprofit · EIN 59-0323804
LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE
Tax-exempt · LAKE CITY, FL 32025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $337,097 | $308,434 | $28,663 | $884,153 | $41,603 | $842,550 |
| December 31, 2023 | 990 | $275,655 | $286,073 | -$10,418 | $841,990 | $28,103 | $813,887 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $151,175
- Membership dues
- $140,388
- Program service revenue
- $90,490
- Investment income
- $9,475
- Net income from fundraising events
- $85,957
- Other revenue
- $85,957
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $77,999
- Other salaries and wages
- $75,975
- Salaries, compensation and benefits (total)
- $164,677
- Professional fundraising fees
- $0
- Accounting fees
- $20,767
- Occupancy
- $23,622
- Depreciation
- $24,513
Balance sheet and other
- Total assets, start of year
- $841,990
- Total assets, end of year
- $884,153
- Total liabilities, end of year
- $41,603
- Net assets, end of year
- $842,550
- Land, buildings and equipment
- $400,497
- Net assets without donor restrictions
- $842,550
- Gross receipts
- $443,047
- Employees
- 4
- Year formed
- 1967
- State of legal domicile
- FL
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 |
|---|---|---|---|
| CESSIE COTHRAN | PRESIDENT EL Trustee or director | – | $0 |
| JOHN KASAK | PAST PRESIDE Trustee or director | – | $0 |
| JOSHUA MCDOUGAL | PRESIDENT Trustee or director | – | $0 |
| SUZANNE NORRIS | TREASURER Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR LAWRENCE BARRETT | PAST PRESIDE Trustee or director | – | $0 |
| JOHN KASAK | PRESIDENT Trustee or director | – | $0 |
| JOSHUA MCDOUGAL | PRESIDENT EL Trustee or director | – | $0 |
| BRENT WILLIAMS | TREASURER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 875 SW STATE ROAD 47, LAKE CITY, FL 32025-0433
- Principal officer (990 for 2024)
- JOSHUA MCDOUGAL
- Signed the 990
- JOSHUA MCDOUGAL, PRESIDENT
- Phone
- (386) 752-3690
- Website
- WWW.LAKECITYCHAMBER.COM
- Return prepared by
- PARKER & OWENS PLLC
Mission
THE LAKE CITY-COLUMBIA COUNTY CHAMBER OF COMMERCE WAS ORGANIZED TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE LAKE CITY-COLUMBIA COUNTY AREA, SERVICING OVER 400 MEMBERS AND THE COMMUNITY.
Program accomplishments
- CONDUCT SPECIAL EVENTS TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE LAKE CITY-COLUMBIA COUNTY AREA.
- DEVELOP AND DISTRIBUTE A MEMBERSHIP DIRECTORY AND CONDUCT OTHER MARKETING ACTIVITIES TO MAKE THE PUBLIC AWARE OF SERVICES AVAILABLE THROUGH BUSINESS MEMBERS IN THE LAKE CITY-COLUMBIA COUNTY AREA.
- DUES AND SUBSCRIPTIONS TO PUBLICATIONS TO INCREASE AWARENESS OF THE AVAILABLE SERVICES TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE LAKE CITY-COLUMBIA 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
- 59-0323804
- 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)
- $884,153
- Income (IRS master file)
- $443,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $337,097 | $308,434 | $884,153 | XML |
| 990 | December 2023 | $275,655 | $286,073 | $841,990 | XML |
| 990 | December 2022 | $461,517 | $241,201 | $881,517 | 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 59-0323804).
Questions about LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE
- What is the EIN of LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE?
- The employer identification number (EIN) of LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE is 59-0323804.
- Is LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE CITY COLUMBIA COUNTY 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 LAKE CITY COLUMBIA COUNTY 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 LAKE CITY COLUMBIA COUNTY 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 LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names JOSHUA MCDOUGAL.
- Who are the officers and directors of LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LAKE CITY COLUMBIA COUNTY CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $337,097, expenses of $308,434 and total assets of $884,153 at year end.
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