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Nonprofiteer
← ALAMANCE COUNTY AREA CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by ALAMANCE COUNTY AREA CHAMBER OF COMMERCE.

Totals

Total revenue
$954,720
Total expenses
$1,225,897
Contributions and grants received
$4,000
Grants paid
$0
Program service revenue
$905,740
Investment income
$2,113
Other revenue
$42,867
Total assets, end of year
$1,106,663
Total liabilities, end of year
$10,861
Net assets or fund balances, end of year
$1,095,802
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.

  • 1f · All other contributions, gifts and grants

    $4,000

  • 2a · Program service revenue: PROGRAMS, PROJECTS, AC

    total $429,940 · related or exempt $429,940

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $232,550 · related or exempt $232,550

  • 2c · Program service revenue: FEES AND CONTRACTS

    total $224,150 · related or exempt $224,150

  • 2d · Program service revenue: CAREER ACCELERATION PR

    total $19,100 · related or exempt $19,100

  • 3 · Investment income

    total $2,113 · excluded $2,113

  • 11a · Other revenue: REIMBURSEMENTS FROM AC

    total $42,000 · related or exempt $42,000

  • 11b · Other revenue: MISCELLANEOUS

    total $867 · related or exempt $867

  • 11e · Other revenue, total

    $42,867

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $124,239

  • 7 · Other salaries and wages

    total $264,551

  • 8 · Pension plan contributions

    total $11,921

  • 9 · Other employee benefits

    total $38,841

  • 10 · Payroll taxes

    total $37,399

  • 11c · Fees: accounting

    total $14,604

  • 11g · Fees: other

    total $268

  • 12 · Advertising and promotion

    total $9,177

  • 13 · Office expenses

    total $19,747

  • 16 · Occupancy

    total $27,726

  • 17 · Travel

    total $10,301

  • 19 · Conferences, conventions and meetings

    total $5,184

  • 22 · Depreciation, depletion and amortization

    total $10,728

  • 23 · Insurance

    total $5,440

  • 24a · Other expenses: PROGRAMS AND PROJECTS

    total $597,057

  • 24b · Other expenses: EQUIPMENT RENTAL AND MA

    total $23,458

  • 24c · Other expenses: ORGANIZATION DUES

    total $14,610

  • 24d · Other expenses: MISCELLANEOUS

    total $9,796

  • 24e · All other expenses

    total $850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,190,060 · end of year $891,170

  • 2 · Savings and temporary cash investments

    beginning of year $132,738 · end of year $133,611

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

    $732,361

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

    $650,479

  • 10c · Land, buildings and equipment, net

    beginning of year $60,362 · end of year $81,882

  • 19 · Deferred revenue

    beginning of year $16,181 · end of year $10,861

  • 27 · Net assets without donor restrictions

    beginning of year $459,129 · end of year $557,821

  • 28 · Net assets with donor restrictions

    beginning of year $907,850 · end of year $537,981

Mission and programs · 2023

Mission

THE MISSION OF THE ALAMANCE COUNTY AREA CHAMBER OF COMMERCE IS TO ENHANCE THE WELFARE OF BUSINESS AND TO PROMOTE AND STIMULATE ECONOMIC VITALITY IN THE ALAMANCE COUNTY AREA FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY.

  • DEVELOPMENT OF A HEALTHY ECONOMIC CLIMATE THROUGH MEMBER RELATIONS; ECONOMIC DEVELOPMENT THROUGH WORKSHOPS, SEMINARS, AND TOURS. ATTRACT BUSINESS TO ALAMANCE COUNTY.

As filed on the 2023 return.

Listed in Part VII

  • Reed Laplante

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Griffin McClure

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Doug Hyman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Rhodes

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Rachel Baldwin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tj Bowie

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kelly G May

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tammy Myrick

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jennie Beshel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Faucette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Issac Gibson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Canaday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Moffit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Turner-Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vivian Langley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronnie Jeffries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Epperson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Schmidt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Feraud Calixte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marta Moos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Judge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vykram Vijayasekaran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Wooten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reagan Gural

    PRESIDENT

    Total calculated
    $124,239
    From this org
    $110,000
    From related orgs
    $0
    Other
    $14,239
    Hours/week
    40

  • Nikki Ratliff

    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 May 2024
IRS schema version
2023v5.0
Source object
202411529349300916

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