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Nonprofit · EIN 87-3851057

DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC

Tax-exempt · ARCADIA, FL 34266

Financials

$136K$125K2023$22K$36K2024
Revenue Expenses · by fiscal year end
Financials of DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$22,090$35,759-$13,669$57,115$0$57,115
December 31, 2023990$135,601$125,073$10,528$70,784$0$70,784
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,260
Program service revenue
$0
Investment income
$1,340
Net income from fundraising events
$17,490
Other revenue
$17,490

Expenses

Grants and similar amounts paid
$31,264
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$350
Program services (functional)
$35,759

Balance sheet and other

Total assets, start of year
$70,784
Total assets, end of year
$57,115
Total liabilities, end of year
$0
Net assets, end of year
$57,115
Net assets without donor restrictions
$57,115
Gross receipts
$22,090
Employees
0
Year formed
2021

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.

NameTitleHours / weekCompensation
JUSTIN FUSSELLPRESIDENT
Trustee or director, Officer
5$0
SARAH HIPPSECRETARY
Trustee or director, Officer
5$0
ORALIA RAMIREZVICE PRESIDE
Trustee or director, Officer
5$0
ASHLEY DELUCATRESURER
Officer
5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JUSTIN FUSSELLPRESIDENT
Trustee or director, Officer
–$0
SARAH HIPPSECRETARY
Trustee or director, Officer
–$0
ORALIA RAMIREZVICE PRESIDE
Trustee or director, Officer
–$0
ASHLEY DELUCATRESURER
Officer
–$0

Address and contacts

Address (IRS master file)
222 E OAK ST, ARCADIA, FL 34266-4426
In care of
% LUIS A VELASCO
Principal officer (990 for 2024)
JUSTIN FUSSELL, 222 E OAK STREET, ARCADIA, FL 34266
Signed the 990
JUSTIN FUSSELL, PRESIDENT
Phone
(863) 494-4033
Return prepared by
HACKNEY AMES & REICHEL PA CPAS

Mission

ADVANCE, SUPPORT, AND MAINTAIN EDUCATIONAL AND CULTURAL ACTIVITIES TO PROMOTE THE COMMUNITY INTERESTS OF DESOTO COUNTY, AND TO DO AND PERFORM ALL ACTS NECESSARY FOR THE ACCOMPLISHMENT OF SAID OBJECTS AND PURPOSES IN KEEPING WITH THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE.

990 for the year ended December 31, 2024

Program accomplishments

  • ADVANCING, SUPPORTING, AND MAINTAINING EDUCATIONAL AND CULTURAL ACTIVITIES TO PROMOTE THE COMMUNITY INTERESTS OF DESOTO COUNTY, AND TO DO AND PERFORM ALL ACTS NECESSARY FOR THE ACCOMPLISHMENT OF SAID OBJECTS AND PURPOSES IN KEEPING WITH THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE.
    Expenses $35,759 · grants $31,264

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-3851057
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$57,115
Income (IRS master file)
$22,090

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$22,090$35,759$57,115XML
990December 2023$135,601$125,073$70,784XML
990December 2022$90,547$30,291$60,256IRS
990December 2021–––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 87-3851057).

Questions about DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC

What is the EIN of DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC?
The employer identification number (EIN) of DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC is 87-3851057.
Is DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION 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 DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION 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 DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names JUSTIN FUSSELL.
Who are the officers and directors of DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $22,090, expenses of $35,759 and total assets of $57,115 at year end.

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