Corona Chamber Of Commerce in Corona, California (CA)

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Corona Chamber Of Commerce
Employer Identification Number (EIN)950651175
Name of OrganizationCorona Chamber Of Commerce
Address904 R Sixth St, Corona, CA 92879
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionChamber of Commerce
Ruling Date08/1987
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$115,012
Amount of Income$997,816
Form 990 Revenue Amount$918,929


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$962,567
Contributions, Gifts, Grants and Other Similar Amounts$406,204
Program Service Revenue$522,781
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$2,850
Gross rents (Real / Personal)$2,850 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$2,850 / $0
Net gain from sales of assets other than inventory$9,488
Gross amount from sales of assets other than inventory (Securities / Other)$0 / $18,802
Less: cost or other basis and sales expenses (Securities / Other)$0 / $9,314
Gain or (loss) (Securities / Other)$0 / $9,488
Net income from fundraising events$12,857
Gross income from fundraising events$46,815
Less: direct expenses$33,958
Net income from gaming activities$8,460
Gross income from gaming activities$15,410
Less: direct expenses$6,950
Net loss from sales of inventory$-73
Gross sales of inventory, less returns and allowances$2,431
Less: cost of goods sold$2,504
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$972,839
Compensation of current officers, directors, trustees, and key employees$125,172
Other salaries and wages$109,325
Payroll taxes$0
Professional fundraising services$0
Other$738,342
Balance Sheet (for 2012)
Total assets$176,094
Total liabilities$259,821
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$45,000
Unsecured notes and loans payable to unrelated third parties$0
Other$214,821
Total net assets or fund balances$-83,727
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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