Form 990 for tax year 2022
Filed by GREATER BLOOMINGTON CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $104,105
- Total expenses
- $96,557
- Contributions and grants received
- $76,223
- Grants paid
- $0
- Program service revenue
- $16,840
- Investment income
- $205
- Other revenue
- $10,837
- Total assets, end of year
- $134,456
- Total liabilities, end of year
- $11,578
- Net assets or fund balances, end of year
- $122,878
- Program services expenses (Part IX)
- $75,117
- Management and general expenses
- $21,440
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $75,117
Program services were 77.8% 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.
-
1e · Government grants (contributions)
$38,000
-
1f · All other contributions, gifts and grants
$38,223
-
2a · Program service revenue: DEI INCOME
total $7,000 · related or exempt $7,000
-
2b · Program service revenue: SUCCESS SCHOOL
total $6,000 · related or exempt $6,000
-
2c · Program service revenue: STEM FAIR
total $1,500 · related or exempt $1,500
-
2d · Program service revenue: REALITY STORE
total $1,500 · related or exempt $1,500
-
2e · Program service revenue: AWARDS CEREMONY
total $700 · related or exempt $700
-
2f · All other program service revenue
total $140 · related or exempt $140
-
3 · Investment income
total $205 · excluded $205
-
11a · Other revenue: MISCELLANEOUS INCOME
total $10,837 · excluded $10,837
-
11e · Other revenue, total
$10,837
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $60,769 · program services $52,869 · management and general $7,900
-
9 · Other employee benefits
total $850 · program services $739 · management and general $111
-
10 · Payroll taxes
total $4,649 · program services $4,045 · management and general $604
-
11c · Fees: accounting
total $11,541 · management and general $11,541
-
13 · Office expenses
total $990 · program services $891 · management and general $99
-
14 · Information technology
total $1,688 · program services $1,604 · management and general $84
-
16 · Occupancy
total $4,008 · program services $3,607 · management and general $401
-
24a · Other expenses: PROGRAMMING EXPENSES
total $11,362 · program services $11,362
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $700 · management and general $700
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $157,516 · end of year $134,456
-
10a · Land, buildings and equipment: cost or other basis
$6,793
-
10b · Land, buildings and equipment: accumulated depreciation
$6,793
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $42,186 · end of year $7,328
-
19 · Deferred revenue
beginning of year $0 · end of year $4,250
-
27 · Net assets without donor restrictions
beginning of year $115,330 · end of year $114,646
-
28 · Net assets with donor restrictions
end of year $8,232
Mission and programs · 2022
Mission
TO CREATE AND PROMOTE PARTNERSHIPS AND CAREER EDUCATION BETWEEN THE GREATER BLOOMINGTON BUSINESS COMMUNITY, EDUCATIONAL SYSTEM, AND COMMUNITY AT LARGE; AND, TO ENCOURAGE CAREER AWARENESS, LIFELONG LEARNING, FINANCIAL LITERACY, AND WORKFORCE DEVELOPMENT.
Activities or mission (Part I)
EDUCATIONAL AND OTHER CHARITABLE ACTIVITIES.
-
IN 2022, THE FOUNDATION HELPED TO FUND OUR WORK IN OUR COUNTY SCHOOLS, INCLUDING MCCSC AND RBBCS. OVER 1,000 STUDENTS PARTICIPATE IN ACTIVITIES DESIGNED TO EXPOSE THEM TO WORK/JOB SKILLS, CAREER AWARENESS, AND JOB EXPERIENCE. THE SUCCESS SCHOOL NAVIGATED COVID-19 BY ESTABLISHING A VIRTUAL LIBRARY OF CAREER EXPLORATION, FINANCIAL LITERACY AND JOB SKILLS VIDEOS AND MADE THEM AVAILABLE TO ALL 20,000 STUDENTS SERVED BY THE DISTRICTS.
Expenses $75,117 · Revenue $16,840
As filed on the 2022 return.
Listed in Part VII
-
AMY SOMER KOPP
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DON WEILER
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DAVE FERGUSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SCOTT SHISHMAN
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LESLIE ABSHIER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BRIAN SHOCKNEY
SECOND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ERIC SPOONMORE
PRESIDENT
- Total calculated
- $105,014
- From this org
- $0
- From related orgs
- $101,279
- Other
- $3,735
- Hours/week
- 1 + 40 related
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.
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.
-
GREATER BLOOMINGTON CHAMBER OF COMMERCE INC
501(C)(6) · ADVANCE THE COMMUNITY GENERAL WELFARE AND PROSPERITY · IN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420529349301032
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