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Nonprofiteer
← CHARLOTTE REGIONAL BUSINESS ALLIANCE

Form 990 for tax year 2024

Filed by CHARLOTTE REGIONAL BUSINESS ALLIANCE.

Totals

Total revenue
$8,355,020
Total expenses
$7,481,477
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,215,625
Investment income
$139,063
Other revenue
$332
Total assets, end of year
$7,572,529
Total liabilities, end of year
$5,427,355
Net assets or fund balances, end of year
$2,145,174
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $7,232,939 · related or exempt $7,232,939

  • 2b · Program service revenue: PROJECT REVENUE

    total $982,686 · related or exempt $982,686

  • 3 · Investment income

    total $139,063 · excluded $139,063

  • 11a · Other revenue: OTHER INCOME

    total $332 · related or exempt $332

  • 11e · Other revenue, total

    $332

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $709,321

  • 7 · Other salaries and wages

    total $2,370,965

  • 8 · Pension plan contributions

    total $250,793

  • 9 · Other employee benefits

    total $480,527

  • 11d · Fees: lobbying

    total $91,779

  • 11g · Fees: other

    total $1,055,496

  • 12 · Advertising and promotion

    total $290,040

  • 13 · Office expenses

    total $189,063

  • 16 · Occupancy

    total $480,146

  • 17 · Travel

    total $468,363

  • 20 · Interest

    total $4,392

  • 22 · Depreciation, depletion and amortization

    total $239,891

  • 24a · Other expenses: EVENT EXPENSE

    total $343,800

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $248,078

  • 24c · Other expenses: EQUIPMENT LEASE

    total $74,851

  • 24d · Other expenses: TEMPORARY HELP

    total $69,900

  • 24e · All other expenses

    total $114,072

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,898,202 · end of year $3,872,677

  • 2 · Savings and temporary cash investments

    beginning of year $1,664,935

  • 3 · Pledges and grants receivable

    beginning of year $409,261 · end of year $173,209

  • 4 · Accounts receivable

    beginning of year $147,053 · end of year $144,811

  • 9 · Prepaid expenses and deferred charges

    beginning of year $175,459 · end of year $147,128

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

    $4,098,210

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

    $2,891,556

  • 10c · Land, buildings and equipment, net

    beginning of year $1,177,591 · end of year $1,206,654

  • 15 · Other assets

    beginning of year $2,371,647 · end of year $2,028,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $601,858 · end of year $757,688

  • 19 · Deferred revenue

    beginning of year $2,722,295 · end of year $2,220,091

  • 25 · Other liabilities

    beginning of year $3,248,364 · end of year $2,449,576

  • 27 · Net assets without donor restrictions

    beginning of year $1,271,631 · end of year $2,070,766

  • 28 · Net assets with donor restrictions

    end of year $74,408

Mission and programs · 2024

Mission

COLLABORATE TO PROMOTE AND ADVANCE THE CHARLOTTE REGION, CREATING OPPORTUNITY, ECONOMIC GROWTH AND PROSPERITY FOR ALL.

Activities or mission (Part I)

ADVANCE THE CHARLOTTE REGION TO CREATE OPPORTUNITY, ECONOMIC GROWTH, AND PROSPERITY FOR ALL.

  • THE ALLIANCE'S GUIDING PRINCIPLES ARE:(1) SERVING AS THE VOICE FOR THE BUSINESS COMMUNITY;(2) GROWING ECONOMIC DIVERSITY AND SUSTAINABILITY THROUGH DIRECT RECRUITMENT, RETENTION AND RE-DEVELOPMENT;(3) CREATING FERTILE GROUND AND COMMUNICATING A BUSINESS FRIENDLY ENVIRONMENT THAT ATTRACTS AND RETAINS NEW AND EMERGING BUSINESSES;(4) PROVIDING EDUCATIONAL, NETWORKING AND BUSINESS GROWTH OPPORTUNITIES FOR ALL MEMBERS; AND, (5) COLLABORATING OPENLY AND CLOSELY WITH INVESTORS AND BOARD LEADERSHIP, BUSINESS, COMMUNITY PARTNERS AND GOVERNMENT LEADERS.

As filed on the 2024 return.

Listed in Part VII

  • JANET LABAR

    PRESIDENT & CEO THRU MAY 2024

    Total calculated
    $565,102
    From this org
    $541,877
    From related orgs
    $0
    Other
    $23,225
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $450,158
    Bonus
    $80,000
    Other
    $11,719
    Deferred
    $21,242
    Nontaxable benefits
    $1,983
    Filer's total
    $565,102

  • KARI HACKETT

    CHIEF DEVELOPMENT & INVEST

    Total calculated
    $286,764
    From this org
    $251,827
    From related orgs
    $0
    Other
    $34,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,027
    Bonus
    $25,000
    Other
    $4,800
    Deferred
    $20,173
    Nontaxable benefits
    $14,764
    Filer's total
    $286,764

  • ROBERT J HORTON

    CHIEF MARKETING OFFICER

    Total calculated
    $262,410
    From this org
    $242,181
    From related orgs
    $0
    Other
    $20,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,381
    Bonus
    $15,000
    Other
    $4,800
    Deferred
    $18,831
    Nontaxable benefits
    $1,398
    Filer's total
    $262,410

  • JOAQUIN SORIA

    CFO

    Total calculated
    $268,131
    From this org
    $228,262
    From related orgs
    $0
    Other
    $39,869
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $218,462
    Bonus
    $5,000
    Other
    $4,800
    Deferred
    $18,240
    Nontaxable benefits
    $21,629
    Filer's total
    $268,131

  • JOSEPH BOST

    CHIEF ADVOCACY OFFICER

    Total calculated
    $276,010
    From this org
    $224,449
    From related orgs
    $0
    Other
    $51,561
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $194,649
    Bonus
    $25,000
    Other
    $4,800
    Deferred
    $18,533
    Nontaxable benefits
    $33,028
    Filer's total
    $276,010

  • NATHANIEL HOGAN

    PRESIDENT, CLT ALLIANCE FO

    Total calculated
    $252,455
    From this org
    $221,947
    From related orgs
    $0
    Other
    $30,508
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $202,147
    Bonus
    $15,000
    Other
    $4,800
    Deferred
    $16,977
    Nontaxable benefits
    $13,531
    Filer's total
    $252,455

  • TYWANDA BOLTON

    DIRECTOR OF SMALL BUSINESS AND ENTREPRENEURSHIP

    Total calculated
    $182,792
    From this org
    $158,597
    From related orgs
    $0
    Other
    $24,195
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $152,298
    Bonus
    $6,299
    Other
    $0
    Deferred
    $12,864
    Nontaxable benefits
    $11,331
    Filer's total
    $182,792

  • RANDY ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OLIVER BADGIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON BAGATO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE BAGWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM BAIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SETH BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TARIQ BOKHARI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENN BOSSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLIS BROCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAKE BURNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH CHARLESWORTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL CHRISTENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DERICK CLOSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH COCKRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTI COLEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MALCOMB COLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KINNEIL COLTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROD CRIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOJAN CUKIC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KANDI DEITEMEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENA DIORIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETTY DOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE DUNLAP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAAD EHTISHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN ENGLEHART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONI FARMER-THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE FOSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLA FRENCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GERALDINE GARDNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEN GILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALBERTO GONZALEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRETT GRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEOFF GRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS GREENE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENISE HALLETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEN HAYNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID HEAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGINALD HENDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS HERTLEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA HLAVAC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE JANSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCUS JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNA KELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANA KILLIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VALERIE KINLOCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF LEDFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA LIMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL LUGO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARINA LVOVICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN MATTIMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC MAUNTEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARISSA MICHAELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY MONTROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER MOXLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY MURPHY CURLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANNE NEURAUTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEWEY NORWOOD JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ZACH PANNIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS PATERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEN PICKETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALTER PRICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ABBEY RAMPY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE RIZER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA RODGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE ROPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARRIE RUDDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN RUTLEDGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAN SAUBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BROOKE SENTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HUNTER SHULL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADAM SHUMATE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT SIMMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTERPHER SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRANDON SPEARS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE TANKSLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEN TARIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENT TOLLISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA ULLRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG WALTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTHA WEGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SASHA WEINTRAUB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRED WHITFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREA SMITH

    PRESIDENT, NON-VOTING

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • ALISON SUMMERVILLE

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • SHALANNA PIRTLE

    SECRETARY & GENERAL COUNSEL, NON-VOTING

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • EMILY PILLARS

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • DAVID LONGO

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DAVE KATZ

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4A
JANET LABAR, CEO/PRESIDENT, WAS PAID SEVERANCE IN THE AMOUNT OF $265,625.

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
2024
Filed
30 June 2025
IRS schema version
2024v5.2
Source object
202543159349301734

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