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Nonprofiteer
← BEDFORD COUNTY CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by BEDFORD COUNTY CHAMBER OF COMMERCE.

Totals

Total revenue
$537,623
Total expenses
$378,242
Contributions and grants received
$431,078
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$106,545
Total assets, end of year
$796,876
Total liabilities, end of year
$792,264
Net assets or fund balances, end of year
$4,612
Program services expenses (Part IX)
$242,386
Management and general expenses
$135,856
Fundraising expenses
$0
Program service expenses (Part III)
$242,386

Program services were 64.1% 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.

  • 1b · Membership dues

    $193,622

  • 1d · Related organizations

    $215,091

  • 1f · All other contributions, gifts and grants

    $22,365

  • 8a · Fundraising events: gross income

    $191,587

  • 8b · Fundraising events: direct expenses

    $145,806

  • 8c · Net income from fundraising events

    total $45,781 · excluded $45,781

  • 11a · Other revenue: BEDFORD COUNTY CHAMBER

    total $54,500 · related or exempt $54,500

  • 11b · Other revenue: OTHER INCOME

    total $6,264 · related or exempt $6,264

  • 11e · Other revenue, total

    $60,764

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $104,647 · program services $94,182 · management and general $10,465

  • 7 · Other salaries and wages

    total $64,651 · program services $58,186 · management and general $6,465

  • 8 · Pension plan contributions

    total $4,796 · program services $4,316 · management and general $480

  • 9 · Other employee benefits

    total $12,969 · program services $11,672 · management and general $1,297

  • 10 · Payroll taxes

    total $13,876 · program services $12,488 · management and general $1,388

  • 11c · Fees: accounting

    total $33,109 · management and general $33,109

  • 12 · Advertising and promotion

    total $5,838 · program services $5,767 · management and general $71

  • 13 · Office expenses

    total $36,425 · program services $27,789 · management and general $8,636

  • 14 · Information technology

    total $16,332 · program services $77 · management and general $16,255

  • 16 · Occupancy

    total $4,768 · program services $4,291 · management and general $477

  • 17 · Travel

    total $9,331 · program services $8,398 · management and general $933

  • 20 · Interest

    total $28,137 · management and general $28,137

  • 22 · Depreciation, depletion and amortization

    total $16,911 · program services $15,220 · management and general $1,691

  • 23 · Insurance

    total $5,869 · management and general $5,869

  • 24a · Other expenses: MISCELLANEOUS

    total $13,068 · management and general $13,068

  • 24b · Other expenses: PLANNING COMMITTEE

    total $3,782 · management and general $3,782

  • 24c · Other expenses: BANK SERVICE FEES

    total $3,733 · management and general $3,733

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $283,584 · end of year $200,802

  • 4 · Accounts receivable

    beginning of year $86,770 · end of year $61,636

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,678 · end of year $6,816

  • 10a · Land, buildings and equipment: cost or other basis

    $616,770

  • 10b · Land, buildings and equipment: accumulated depreciation

    $93,471

  • 10c · Land, buildings and equipment, net

    beginning of year $324,001 · end of year $523,299

  • 15 · Other assets

    beginning of year $4,322 · end of year $4,323

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,975 · end of year $25,629

  • 19 · Deferred revenue

    beginning of year $350 · end of year $1,435

  • 23 · Secured mortgages and notes payable

    beginning of year $754,381 · end of year $739,499

  • 25 · Other liabilities

    beginning of year $35,418 · end of year $25,701

  • 27 · Net assets without donor restrictions

    beginning of year -$154,769 · end of year $4,612

Mission and programs · 2023

Mission

THE BEDFORD COUNTY CHAMBER OF COMMERCE WAS ORGANIZED IN 1986 TO INVOLVE AND UNIFY THE BUSINESS COMMUNITY IN ORDER TO ENHANCE AND PROMOTE CONTINUOUS IMPROVEMENT OF THE BUSINESS CLIMATE IN BEDFORD COUNTY.

Activities or mission (Part I)

THE BEDFORD COUNTY CHAMBER OF COMMERCE, INC. INVOKES AND UNIFIES ITS MEMBERS TO PROMOTE CONTINUOUS IMPROVEMENT OF THE BUSINESS CLIMATE IN OUR REGION.

  • THE BEDFORD COUNTY CHAMBER OF COMMERCE, INC. PERPETUATES THE GROWTH AND DEVELOPMENT OF THE BUSINESS COMMUNITY AND ENHANCES THE ECONOMIC, CIVIC, COMMERCIAL, INDUSTRIAL AND EDUCATIONAL INTERESTS OF THE BEDFORD COUNTY AREA.

    Expenses $242,386 · Revenue $193,622

As filed on the 2023 return.

Listed in Part VII

  • ANNETTE GODISSART

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • RENEE NICHOLSON

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW BULLINGTON

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BOB OCTAVIO

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PASTOR BRIAN SWAIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TINA MOLSKI

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TIM WEAVERLING

    RUSSEL HOUSE BOARD LEAD

    Total calculated
    $0
    Hours/week
    1

  • RALF BAUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JILL BRAZILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE FINK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BERNETA GABLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM GONSMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHERRI GROWDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONNA HIMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAKE HOOVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MANDISA HORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG KNISELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TINA RUSSELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM SALMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR ALLEN SELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANE WEYANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KOREN WOY SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN ZIANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 June 2024
IRS schema version
2023v5.0
Source object
202421939349300502

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