The purpose of the organization is to further the economic development of Thomasville, NC and the surrounding areas and to promote job creation opportunities and growth in the tax base. The organization collects and distributes donations to assist the Thomasville area Chamber of commerce in its economic development activities.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $39K a year · 272% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
23 mo
of spending, in cash
Looks good: 23.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26K
+7% vs prior year
Spent
$62K
To programs
77%
Net assets
$510K
By yearFY2020–FY2024
Revenue
$26K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$4K
FY2021$500
FY2022$15K
FY2023$25K
FY2024$26K
Expenses
$62K
FY2024▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$39K
FY2021$44K
FY2022$27K
FY2023$91K
FY2024$62K
Net assets
$510K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$691K
FY2021$624K
FY2022$612K
FY2023$546K
FY2024$510K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $48K Management & general 23% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Thomasville Chamber Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Drives economic growth and job creation in Thomasville, NC through donations and support.

Questions for Thomasville Chamber Foundation INC

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Provided by the organization

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1 program · $48K · in their own filed words · FY2024
01

Collect and distribute donations to assist the thomasville area chamber of commerce in its economic development activities.

$48Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$25K
Grants paid · 5 grants · $189K · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$26K
Ln 12
Gifts and grantsLn 1h$22K
Investment incomeLn 3$4K
Money outPt IX
$62K
Ln 25
Programscol B$48K
Managementcol C$14K
Owns and owesPt X
$510K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$510K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Investment incomeLn 3$4K
Total revenueLn 12$26K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$119K
Land, buildings, equipmentLn 10c$391K
Total assetsLn 16$510K
LiabilitiesLn 26$0
Net assetsLn 32$510K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$140K$119K
Land, buildings, equipmentLn 10c$405K$391K
Total assetsLn 16$546K$510K
LiabilitiesLn 26$0$0
Net assetsLn 32$546K$510K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$48K$48K
Depreciation, depletion and amortizationLn 22$14K$14K
Total functional expensesLn 25$62K$48K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 14, 2025 $26K$62K−$36K$510K 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $25K$91K−$67K$546K 990 PDF
FY2022Filed with the IRS Nov 6, 2023 $15K$27K−$11K$612K 990 PDF
FY2021Filed with the IRS Nov 3, 2022 $500$44K−$44K$624K 990 PDF
FY2020Filed with the IRS Nov 3, 2021 $4K$39K−$35K$691K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $26,460 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,000$22,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,633$3,960
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $24,633$26,460
I-13 Grants and similar amounts paidPrior year $76,876$47,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,487$14,487
I-18 Total expensesPrior year $91,363$61,987
I-19 Revenue less expensesPrior year −$66,730−$35,527
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $26,460 across 4 lines filed
VIII-1f All other contributions, gifts and grants$22,500
VIII-1h Total contributions, gifts and grants$22,500
VIII-3 Investment incomeExcluded from tax $3,960$3,960
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,960$26,460
Part IX · Statement of functional expenses $61,987 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $47,500$47,500
IX-22 Depreciation, depletion and amortizationManagement $14,487$14,487
IX-25 Total functional expensesPrograms $47,500 · Management $14,487 · Fundraising $0$61,987
Part X · Balance sheet $509,982 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $44,373$19,493
X-2 Savings and temporary cash investmentsStart of year $95,675$99,515
X-10c Land, buildings and equipment, netStart of year $405,461$390,974
X-16 Total assetsStart of year $545,509$509,982
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $545,509$509,982
X-32 Total net assets or fund balancesStart of year $545,509$509,982
X-33 Total liabilities and net assetsStart of year $545,509$509,982
Part XI · Reconciliation of net assets $509,982 net assets at year end
XI-1 Total revenue$26,460
XI-2 Total expenses$61,987
XI-3 Revenue less expenses−$35,527
XI-4 Net assets at start of year$545,509
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$509,982

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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