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Nonprofiteer
← Kentucky Chamber Advocacy Committee Inc

Form 990 for tax year 2022

Filed by Kentucky Chamber Advocacy Committee Inc.

Totals

Total revenue
$317,500
Total expenses
$482,685
Contributions and grants received
$317,500
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$154,466
Total liabilities, end of year
$30,635
Net assets or fund balances, end of year
$123,831
Program services expenses (Part IX)
$482,685
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$482,685

Program services were 100.0% 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.

  • 1d · Related organizations

    $114,500

  • 1f · All other contributions, gifts and grants

    $203,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $255,576 · program services $255,576 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $188,884 · program services $188,884

  • 13 · Office expenses

    total $27,835 · program services $27,835

  • 17 · Travel

    total $5,251 · program services $5,251

  • 19 · Conferences, conventions and meetings

    total $5,139 · program services $5,139

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $293,202 · end of year $154,466

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,186 · end of year $30,635

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $289,016 · end of year $123,831

Mission and programs · 2022

Mission

Promote the common good and general welfare, including but not limited to that of the people of the commonwealth of Kentucky, by supporting, educating and advocating on positions and issues including free enterprise, limited government, and economic growth.

  • Supporting, educating, and advocating on positions and issues, including but not limited to that of the people of the commonwealth of Kentucky, on free enterprise, limited government, and economic growth.

    Expenses $482,685

As filed on the 2022 return.

Listed in Part VII

  • Ashli Watts

    President

    Total calculated
    $422,869
    From this org
    $0
    From related orgs
    $398,712
    Other
    $24,157
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,635 related
    Bonus
    $0 + $51,585 related
    Other
    $0 + $3,492 related
    Deferred
    $0 + $19,652 related
    Nontaxable benefits
    $0 + $4,505 related
    Filer's total
    $0 + $422,869 related

  • Katherine Shanks

    Director

    Total calculated
    $286,110
    From this org
    $0
    From related orgs
    $254,212
    Other
    $31,898
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,315 related
    Bonus
    $0 + $20,719 related
    Other
    $0 + $178 related
    Deferred
    $0 + $29,132 related
    Nontaxable benefits
    $0 + $2,766 related
    Filer's total
    $0 + $286,110 related

  • Patrick Merchak

    Director

    Total calculated
    $202,593
    From this org
    $0
    From related orgs
    $188,304
    Other
    $14,289
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,645 related
    Bonus
    $0 + $18,510 related
    Other
    $0 + $20,149 related
    Deferred
    $0 + $11,349 related
    Nontaxable benefits
    $0 + $2,940 related
    Filer's total
    $0 + $202,593 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. 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 METHODS USED TO ESTABLISH THE COMPENSATION
COMPENSATION FOR THE ORGANIZATION'S CEO IS PAID BY THE KENTUCKY CHAMBER OF COMMERCE, INC. (KCC), A RELATED TAX-EXEMPT ORGANIZATION. KCC UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 June 2023
IRS schema version
2022v5.0
Source object
202301539349300440

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