Palestine Chamber Of Commerce in Palestine, Illinois (IL)

Palestine Chamber Of Commerce
Employer Identification Number (EIN)	376047535
Name of Organization	Palestine Chamber Of Commerce
In Care of Name	Commerce
Address	PO BOX 155, Palestine, IL 62451-0155
Subsection	Chamber of Commerce
Ruling Date	11/1951
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$100,000 to $499,999
Income	$100,000 to $499,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$151,268
Amount of Income	$189,049
Form 990 Revenue Amount	$45,824

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Financial snapshot ($)

Revenue for 2013

	2011	2012	2013
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$8,577	$77,927	$45,824
Contributions, gifts, grants, and similar amounts received	$0	$40,000	$911
Program service revenue including government fees and contracts	$0	$0	$0
Membership dues and assessments	$520	$1,335	$1,330
Investment income	$640	$459	$404
Gain/Loss from sale of assets other than inventory	$0	$0	$0
Net income/loss from gaming and fundraising events	$4,193	$35,987	$35,453
Gross income from gaming	$0	$0	$0
Gross income from fundraising events	$146,151	$118,515	$178,678
Less: direct expenses from gaming and fundraising events	$141,958	$82,528	$143,225
Gross profit/loss from sales of inventory	$0	$0	$0
Other revenue	$3,224	$146	$7,726
Total expenses	$41,835	$41,562	$50,846
Total net assets	$81,130	$156,290	$151,268
Excess/Deficit for the year	$-33,258	$36,365	$-5,022
Net assets or fund balances at beginning of year	$114,388	$119,925	$156,290
Other changes in net assets or fund balances	$0	$0	$0
Net assets or fund balances at end of year		$156,290	$151,268

	2011	2012	2013
Balance Sheets
Total assets	$81,130	$156,290	$151,268
Total liabilities	$0	$0	$0
Net assets or fund balances	$81,130	$156,290	$151,268

	2011	2012	2013
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?		No	No
Were any significant changes made to the organizing or governing documents?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activities	No	No	No
Has the organization filed a Form 990-T for the year?		No	No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?		No	No
Amount of political expenditures, direct or indirect		$0	$0
Did the organization file Form 1120-POL for this year?		No	No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?		No	No
Total amount involved		$0	$0
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?		No	No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?		No	No

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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