Form 990 for tax year 2022
Filed by QUAD CITIES CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $5,226,748
- Total expenses
- $4,818,578
- Contributions and grants received
- $3,956,047
- Grants paid
- $0
- Program service revenue
- $1,322,712
- Investment income
- $27,770
- Other revenue
- -$79,781
- Total assets, end of year
- $7,672,934
- Total liabilities, end of year
- $853,976
- Net assets or fund balances, end of year
- $6,818,958
- Program services expenses (Part IX)
- $4,062,537
- Management and general expenses
- $756,041
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$252,800
-
1f · All other contributions, gifts and grants
$3,703,247
-
2a · Program service revenue: DOWNTOWN PARTNERSHIPS
total $562,017 · related or exempt $562,017
-
2b · Program service revenue: BUSINESS ATTRACTION
total $492,741 · related or exempt $492,741
-
2c · Program service revenue: TALENT ATTACTION & DEVELOPMEN
total $206,199 · related or exempt $206,199
-
2d · Program service revenue: MEMBERSHIP RESOURCES
total $40,395 · related or exempt $40,395
-
2e · Program service revenue: GOVERNMENT AFFIARS
total $21,360 · related or exempt $21,360
-
3 · Investment income
total $27,770 · excluded $27,770
-
6a · Gross rents
real property $125,443
-
6b · Less rental expenses
real property $125,443
-
8a · Fundraising events: gross income
$95,724
-
8a · Fundraising events: contributions included on line 1c
$252,800
-
8b · Fundraising events: direct expenses
$296,490
-
8c · Net income from fundraising events
total -$200,766 · excluded -$200,766
-
11a · Other revenue: MISCELLANEOUS INCOME
total $116,555 · related or exempt $116,555
-
11b · Other revenue: NEWSLETTER & DIRECTORY AD
total $4,430 · unrelated business $4,430
-
11e · Other revenue, total
$120,985
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $302,741 · program services $107,952 · management and general $194,789
-
7 · Other salaries and wages
total $1,585,851 · program services $1,585,086 · management and general $765
-
8 · Pension plan contributions
total $85,782 · program services $83,782 · management and general $2,000
-
9 · Other employee benefits
total $149,667 · program services $148,661 · management and general $1,006
-
10 · Payroll taxes
total $155,846 · program services $155,462 · management and general $384
-
11b · Fees: legal
total $16,168 · program services $3,537 · management and general $12,631
-
11c · Fees: accounting
total $65,160 · program services $2,070 · management and general $63,090
-
11g · Fees: other
total $269,835 · program services $220,904 · management and general $48,931
-
12 · Advertising and promotion
total $231,145 · program services $179,698 · management and general $51,447
-
13 · Office expenses
total $114,882 · program services $1,208 · management and general $113,674
-
14 · Information technology
total $82,222 · management and general $82,222
-
16 · Occupancy
total $197,087 · program services $123,433 · management and general $73,654
-
17 · Travel
total $13,851 · management and general $13,851
-
19 · Conferences, conventions and meetings
total $2,866 · program services $2,866
-
22 · Depreciation, depletion and amortization
total $72,793 · program services $17,917 · management and general $54,876
-
23 · Insurance
total $40,339 · management and general $40,339
-
24a · Other expenses: DOWNTOWN PARTNERSHIP
total $346,443 · program services $346,443
-
24b · Other expenses: CONTRACT LABOR
total $316,608 · program services $316,608
-
24c · Other expenses: SUPPORT SERVICES
total $249,967 · program services $249,789 · management and general $178
-
24d · Other expenses: ECONOMIC DEVELOPMENT
total $179,913 · program services $179,913
-
24e · All other expenses
total $339,412 · program services $337,208 · management and general $2,204
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,354,016 · end of year $4,751,322
-
3 · Pledges and grants receivable
beginning of year $36,220 · end of year $30,726
-
4 · Accounts receivable
beginning of year $117,625 · end of year $99,696
-
9 · Prepaid expenses and deferred charges
beginning of year $108,163 · end of year $129,726
-
10a · Land, buildings and equipment: cost or other basis
$873,823
-
10b · Land, buildings and equipment: accumulated depreciation
$780,580
-
10c · Land, buildings and equipment, net
beginning of year $136,718 · end of year $93,243
-
15 · Other assets
beginning of year $2,170,948 · end of year $2,568,221
-
17 · Accounts payable and accrued expenses
beginning of year $198,607 · end of year $289,323
-
19 · Deferred revenue
beginning of year $309,295 · end of year $399,827
-
25 · Other liabilities
beginning of year $5,000 · end of year $164,826
-
27 · Net assets without donor restrictions
beginning of year $2,929,259 · end of year $3,266,224
-
28 · Net assets with donor restrictions
beginning of year $3,481,529 · end of year $3,552,734
Mission and programs · 2022
Mission
THE QUAD CITIES CHAMBER OF COMMERCE IS A COMBINED CHAMBER OF COMMERCE, ECONOMIC, AND COMMUNITY DEVELOPMENT ORGANIZATION SERVING THE GREATER QUAD CITIES REGION. THE QUAD CITIES CHAMBER OF COMMERCE'S MISSION IS TO STRENGTHEN AND ENHANCE THE BUSINESS ENVIRONMENT, REPRESENT THE INTERESTS OF MEMBERS, AND FOSTER BALANCED GROWTH IN THE QUAD CITIES REGION.
-
TO ADVANCE THE ECONOMIC PROSPERITY OF THE QUAD CITIES BY MARKETING THE REGION TO ATTRACT NEW INVESTMENT, SUPPORTING THE GROWTH OF EXISTING BUSINESSES, AND IMPROVING THE OVERALL BUSINESS ENVIRONMENT, WHICH INCLUDES DEVELOPMENT OF CERTAIN DOWNTOWNS WITHIN THE QUAD CITIES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JULIE FORSYTHE
SVP BUS & EC
- Total calculated
- $156,280
- From this org
- $128,458
- From related orgs
- $0
- Other
- $27,822
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,379
- Bonus
- $7,500
- Other
- $579
- Deferred
- $27,822
- Nontaxable benefits
- not reported
- Filer's total
- $156,280
-
JENNIFER WALKER
VP MARKETING
- Total calculated
- $134,436
- From this org
- $113,270
- From related orgs
- $0
- Other
- $21,166
- Hours/week
- 40
-
LADRINA WILSON
CEO
- Total calculated
- $121,452
- From this org
- $121,452
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 3 related
-
KYLE CARTER
VP PLACE MAN
- Total calculated
- $120,385
- From this org
- $113,339
- From related orgs
- $0
- Other
- $7,046
- Hours/week
- 40
-
KERRY SMITH
VP FINANCE &
- Total calculated
- $59,544
- From this org
- $53,772
- From related orgs
- $0
- Other
- $5,772
- Hours/week
- 40 + 2 related
-
BRIETTA COLLIER
VP FINANCE &
- Total calculated
- $27,293
- From this org
- $26,853
- From related orgs
- $0
- Other
- $440
- Hours/week
- 40 + 2 related
-
DEB ANSELM
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
JENNIFER BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PRYCE BOEYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AMY CRIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DON DOUCETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARA DOWNING
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
MOLLY FOLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
JIM GRAFTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MO HYDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BEN KEITH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
REGINALD LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AJ LOSS
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
ALVARO MACIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DOUG MAXEINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RANDY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAZMIN NEWTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
AMY NOVAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
HEIDI PARKHURST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
JERRED PAUWELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DECKER PLOEHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN RICHES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN RUHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CAITLIN RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MAHESH SHARMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CORRI SPIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TODD THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BETH TINSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BOB VITAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JORDAN VOIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RYAN WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.35
-
KATIE WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
QUAD CITIES CHAMBER FOUNDATION - IA
501C3 · CATALYST · IA
-
QUAD CITIES CHAMBER FOUNDATION - IL
501C3 · CATALYST · IL
-
ROCK ISLAND ARSENAL DEFENSE ALLIANC
501C6 · SUPPORT · DE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
QUAD CITIES COMMUNITY PARTNERSHIP
CATALYST · DE · income $2,212,056 · assets $3,634,471
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333339349301023
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