Form 990 for tax year 2024
Filed by RUTHERFORD COUNTY CHAMBER OF COMMERCE.
Totals
- Total revenue
- $4,209,240
- Total expenses
- $4,066,653
- Contributions and grants received
- $2,634,621
- Grants paid
- $0
- Program service revenue
- $1,137,463
- Investment income
- $348,960
- Other revenue
- $88,196
- Total assets, end of year
- $12,122,840
- Total liabilities, end of year
- $469,217
- Net assets or fund balances, end of year
- $11,653,623
- Program services expenses (Part IX)
- $3,142,869
- Management and general expenses
- $923,784
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,142,869
Program services were 77.3% 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.
-
1f · All other contributions, gifts and grants
$2,634,621
-
2a · Program service revenue: BUSINESS AFTER HOURS
total $35,920 · related or exempt $35,920
-
2b · Program service revenue: LEADERSHIP RUTHERFORD CO
total $26,706 · related or exempt $26,706
-
2c · Program service revenue: Membership Dues & Assessments
total $812,992 · related or exempt $812,992
-
2d · Program service revenue: PROMO & DEV OF TOURISM
total $63,877 · related or exempt $63,877
-
2e · Program service revenue: SPONSORSHIPS AND BANQUETS
total $135,705 · related or exempt $135,705
-
2f · All other program service revenue
total $62,263 · related or exempt $62,263
-
3 · Investment income
total $348,960 · excluded $348,960
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $88,196
-
6c · Rental income or loss
real property $88,196
-
6d · Net rental income or loss
total $88,196 · excluded $88,196
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $263,347 · program services $223,845 · management and general $39,502
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,376,013 · program services $1,069,040 · management and general $306,973
-
8 · Pension plan contributions
total $83,577 · program services $67,324 · management and general $16,253
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $111,329 · program services $88,166 · management and general $23,163
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $33,500 · program services $22,160 · management and general $11,340
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $245,458 · program services $245,458
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $95,833 · management and general $95,833
-
17 · Travel
total $13,383 · program services $10,639 · management and general $2,744
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $125,282 · program services $125,282
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $25,246 · program services $10,937 · management and general $14,309
-
23 · Insurance
total $178,308 · program services $134,487 · management and general $43,821
-
24a · Other expenses: EVENT PROMOTION
total $281,619 · program services $281,619
-
24b · Other expenses: SPRING FLING
total $165,247 · program services $165,247
-
24c · Other expenses: WORKFORCE DEVELOPMENT
total $146,910 · program services $146,910
-
24d · Other expenses: GRANT MARKETING
total $134,773 · program services $134,773
-
24e · All other expenses
total $786,828 · program services $416,982 · management and general $369,846
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $580,146 · end of year $504,641
-
2 · Savings and temporary cash investments
beginning of year $8,473,843 · end of year $9,311,263
-
3 · Pledges and grants receivable
beginning of year $1,821,558 · end of year $1,344,232
-
4 · Accounts receivable
beginning of year $621,852 · end of year $710,530
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $13,521 · end of year $13,415
-
9 · Prepaid expenses and deferred charges
beginning of year $13,313 · end of year $57,636
-
10a · Land, buildings and equipment: cost or other basis
$913,063
-
10b · Land, buildings and equipment: accumulated depreciation
$758,608
-
10c · Land, buildings and equipment, net
beginning of year $171,760 · end of year $154,455
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $53,334 · end of year $26,668
-
17 · Accounts payable and accrued expenses
beginning of year $39,492 · end of year $56,383
-
19 · Deferred revenue
beginning of year $343,417 · end of year $392,613
-
25 · Other liabilities
beginning of year $4,128 · end of year $20,221
-
27 · Net assets without donor restrictions
beginning of year $9,406,732 · end of year $10,087,691
-
28 · Net assets with donor restrictions
beginning of year $1,955,558 · end of year $1,565,932
Mission and programs · 2024
Mission
COMMUNITY AND BUSINESS DEVELOPMENT
-
TOURISM DEVELOPMENT - INVOLVES DEVELOPMENT AND PROMOTION OF TOURISM IN RUTHERFORD COUNTY
Expenses $1,474,505
-
Destination Rutherford - The goals of the destination rutherford program is to promote Economic Growth and Balance, Leadership and Community Development, and Educational Advantages.
Expenses $1,027,571
-
MEMBER SERVICES - PROVIDES MEMBERSHIP ACTIVITIES INCLUDING BUSINESS RECRUITMENT, MEMBER ENGAGEMENT EVENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.
Expenses $388,478
-
ECONOMIC DEVELOPMENT - INVOLVES DEMONSTRATING THE ADVANTAGES OF LOCATING A BUSINESS IN RUTHERFORD COUNTY AND WORKING WITH NEW INDUSTRIES AND BUSINESSES WHEN THEY INITIALLY LOCATE IN THE COUNTY.
Expenses $252,315
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Paul LatturePAUL LATTURE
President
- Total calculated
- $263,347
- From this org
- $263,347
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,347
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $263,347
-
Patrick CammackPATRICK CAMMACK
ECONOMIC DEV
- Total calculated
- $137,121
- From this org
- $137,121
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Stephanie BrackmanSTEPHANIE BRACKMAN
CHIEF OPER OFFICER
- Total calculated
- $125,306
- From this org
- $125,306
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Greg JonesGREG JONES
SR VP WORKFORCE
- Total calculated
- $111,395
- From this org
- $111,395
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Fred HowellFRED HOWELL
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Kent AyerKENT AYER
chair elect
- Total calculated
- $0
- Hours/week
- 1
-
David JohnsonDAVID JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Thomas BroekerTHOMAS BROEKER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sheri MorganSHERI MORGAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Terry SmithTERRY SMITH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe BalesJOE BALES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Thomas LairdTHOMAS LAIRD
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gordon FergusonGORDON FERGUSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Patrick WadePATRICK WADE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian HerculesBRIAN HERCULES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lori CutlerLORI CUTLER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason SurrattJASON SURRATT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cannon LoughryCANNON LOUGHRY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jamie ReedJAMIE REED
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kristin JacksonKRISTIN JACKSON
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Warren RussellWARREN RUSSELL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Barbara WolkeBARBARA WOLKE
VP CONV BUREAU
- Total calculated
- $0
- Hours/week
- 40
-
Kaitlin SalyerKAITLIN SALYER
DIR OF TALENT
- Total calculated
- $0
- Hours/week
- 40
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 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 30 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202541819349301159
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