Totals
- Total revenue
- $611,270
- Total expenses
- $146,903
- Contributions and grants received
- $590,645
- Grants paid
- $0
- Program service revenue
- $20,590
- Investment income
- $35
- Other revenue
- $0
- Total assets, end of year
- $3,555,936
- Total liabilities, end of year
- $2,082,114
- Net assets or fund balances, end of year
- $1,473,822
- Program services expenses (Part IX)
- $17,172
- Management and general expenses
- $95,729
- Fundraising expenses
- $34,002
- Program service expenses (Part III)
- $17,172
Program services were 11.7% 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
$590,645
-
2a · Program service revenue: SERVICE PROJECT INCOME
total $20,590 · related or exempt $20,590
-
3 · Investment income
total $35 · related or exempt $35
-
8a · Fundraising events: contributions included on line 1c
$590,645
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: GENL OPERATING INCOME
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,330 · management and general $2,330
-
13 · Office expenses
total $884 · program services $660 · management and general $224
-
20 · Interest
total $90,175 · management and general $90,175
-
24a · Other expenses: CAMPAIGN EXPENSES
total $34,002 · fundraising $34,002
-
24b · Other expenses: SERVICE PROJECT EXPENSES
total $16,512 · program services $16,512
-
24c · Other expenses: CONTRIBUTIONS
total $3,000 · management and general $3,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $419,231 · end of year $317,208
-
4 · Accounts receivable
beginning of year $70,333 · end of year $120,416
-
10a · Land, buildings and equipment: cost or other basis
$3,118,312
-
10c · Land, buildings and equipment, net
beginning of year $538,099 · end of year $3,118,312
-
17 · Accounts payable and accrued expenses
beginning of year $18,208
-
23 · Secured mortgages and notes payable
end of year $2,082,114
-
27 · Net assets without donor restrictions
beginning of year $1,009,455 · end of year $1,473,822
Mission and programs · 2024
Mission
THE FOUNDATIONS PRIMARY PURPOSE IS TO SUPPORT THE PHILANTHROPIC, ECONOMIC DEVELOPMENT AND COMMUNITY BUILDING EFFORTS OF OUR PARTNER ORGANIZATION,THE OPELIKA CHAMBER OF COMMERCE.WE WORK TO ADDRESS CHALLENGES FACING OUR COMMUNITY,INCLUDING WORKFORCE DEVELOPMENT AND OTHER BARRIERS.
-
THE EXEMPT PURPOSE IS TO RAISE FUNDS FOR A SERVICE PROJECT TO BE ADMINISTERED ANNUALLY FOR THE 20 UNDER 40 GROUP. ALL FUNDS WERE RAISED AND SPENT TO BUILD AN OUTDOOR CLASSROOM FOR THE OPELIKA LEARNING CENTER IN 2023. THE EXEMPT PURPOSE IS TO RAISE FUNDS FOR THE RENOVATION AND CAPITAL CAMPAIGN PROJECT FOR A WORKFORCE DEVELOPMENT AND TRAINING CENTER LOCATED AT 200 S 6TH STREET IN OPELIKA, ALABAMA WHICH WILL HOUSE THE OPELIKA CHAMBER OF COMMERCE, THE OPELIKA CHAMBER FOUNDATION AND AUBURN-OPELIKA TOURISM IN ADDITION TO A BUSINESS INCUBATOR AND TRAINING FACILITY. THE EXEMPT PURPOSE IS TO RAISE FUNDS FOR THE RENOVATION AND CAPITAL CAMPAIGN PROJECT FOR A WORKFORCE DEVELOPMENT AND TRAINING CENTER LOCATED AT 200 S. 6TH STREET IN OPELIKA, ALABAMA, WHICH WILL HOUSE THE OPELIKA CHAMBER OF COMMERCE, THE OPELIKA CHAMBER FOUNDATION, AND AUBURN-OPELIKA TOURISM, IN ADDITION TO A BUSINESS INCUBATOR AND TRAINING FACILITY.
Expenses $17,172 · Revenue $20,590
As filed on the 2024 return.
Listed in Part VII
-
Chuck BeamsCHUCK BEAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Al McCambryAL MCCAMBRY
MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Nathan MurphyNATHAN MURPHY
MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Robyn BridgesROBYN BRIDGES
MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Nathan MitchellNATHAN MITCHELL
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Malcolm MitchellMALCOLM MITCHELL
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Eric CanadaERIC CANADA
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Carlton HunleyCARLTON HUNLEY
CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Betty BurnsBETTY BURNS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Nakeda WoodsNAKEDA WOODS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mike BuckalewMIKE BUCKALEW
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Dede JacksonDEDE JACKSON
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Shey KnightSHEY KNIGHT
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Allen BridgesALLEN BRIDGES
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Joel AlvaradoJOEL ALVARADO
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0
-
Alexis B RauchALEXIS B RAUCH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503379349301015
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