Form 990 for tax year 2023
Filed by VENICE AREA CHAMBER OF COMMERCE.
Totals
- Total revenue
- $679,276
- Total expenses
- $625,601
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $308,323
- Investment income
- $3,855
- Other revenue
- $367,098
- Total assets, end of year
- $1,151,960
- Total liabilities, end of year
- $413,999
- Net assets or fund balances, end of year
- $737,961
- Program services expenses (Part IX)
- $349,685
- Management and general expenses
- $266,804
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $873,790
Program services were 55.9% 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.
-
2a · Program service revenue: Membership Dues & Assessments
total $308,323 · related or exempt $308,323
-
3 · Investment income
total $3,855 · excluded $3,855
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $24,057
-
6b · Less rental expenses
real property $20,711
-
6c · Rental income or loss
real property $3,346
-
6d · Net rental income or loss
total $3,346 · unrelated business $3,346
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$233,543
-
8b · Fundraising events: direct expenses
$89,244
-
8c · Net income from fundraising events
total $144,299
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS
total $17,349 · related or exempt $17,349
-
11b · Other revenue: VACC FOUND SAL REIMB
total $28,268 · related or exempt $28,268
-
11c · Other revenue: VIP PROGRAM
total $167,767 · related or exempt $167,767
-
11d · All other revenue
total $6,069 · related or exempt $4,776 · unrelated business $1,293
-
11e · Other revenue, total
$219,453
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 $104,168 · program services $55,772 · management and general $48,396
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $245,650 · program services $171,322 · management and general $74,328
-
8 · Pension plan contributions
total $8,012 · program services $4,246 · management and general $3,766
-
9 · Other employee benefits
total $18,619 · program services $12,913 · management and general $5,706
-
10 · Payroll taxes
total $26,887 · program services $18,678 · management and general $8,209
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $29,582 · management and general $29,582
-
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 $0
-
13 · Office expenses
total $26,747 · program services $13,422 · management and general $13,325
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $49,373 · program services $12,851 · management and general $36,522
-
17 · Travel
total $9,112
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $3,036 · management and general $3,036
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $23,664 · program services $23,664
-
23 · Insurance
total $19,939 · management and general $19,939
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $13,318 · program services $13,318
-
24b · Other expenses: BANK AND CREDIT CARD FEES
total $12,556 · program services $5,165 · management and general $7,391
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $11,243 · program services $11,243
-
24d · Other expenses: MARKETING & COMMUNICATIONS
total $5,183 · management and general $5,183
-
24e · All other expenses
total $18,512 · program services $7,091 · management and general $11,421
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $299,681 · end of year $265,602
-
2 · Savings and temporary cash investments
beginning of year $239,812 · end of year $251,030
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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
beginning of year $8,981 · end of year $2,007
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $58,738 · end of year $99,578
-
10a · Land, buildings and equipment: cost or other basis
$1,174,254
-
10b · Land, buildings and equipment: accumulated depreciation
$640,511
-
10c · Land, buildings and equipment, net
beginning of year $474,809 · end of year $533,743
-
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
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $12,184 · end of year $36,298
-
19 · Deferred revenue
beginning of year $277,158 · end of year $273,219
-
25 · Other liabilities
beginning of year $121,021 · end of year $104,482
-
31 · Retained earnings, endowment or other funds
beginning of year $671,658 · end of year $737,961
Mission and programs · 2023
Mission
TO PROMOTE COMMERCE IN THE VENICE / NOKOMIS AREA
-
PROMOTE & ENCOURAGE COMMERCE ON LOCAL & NATIONAL LEVEL. PROVIDE COMMUNITY WITH INFORMATION REGARDING LOCAL TRADE & COMMERCE.
Expenses $625,601 · Revenue $534,977
-
PUBLISHES MONTHLY NEWSLETTER WHICH IS DISTRIBUTED TO ALL MEMBERS. PRODUCES AREA GUIDEBOOK AND MAPS THAT ARE DISTRIBUTED GRATIS TO VISITORS & RESIDENTS.
Expenses $158,945 · Revenue $160,238
-
SPONSORS LOCAL BUSINESS FAIR WHERE LOCAL ENTERPRISES CAN EXHIBIT THEIR GOODS & SERVICES.
Expenses $89,244 · Revenue $233,543
As filed on the 2023 return.
Listed in Part VII
-
Randy KendrickRANDY KENDRICK
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mary Elizabeth PettyMARY ELIZABETH PETTY
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany TwiggTIFFANY TWIGG
Director
- Total calculated
- $0
- Hours/week
- 2
-
Seth Von MarschallSETH VON MARSCHALL
Director
- Total calculated
- $0
- Hours/week
- 2
-
Chuck WalkerCHUCK WALKER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michael BaconMICHAEL BACON
Director
- Total calculated
- $0
- Hours/week
- 2
-
Judy BrahamJUDY BRAHAM
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dane DesantisDANE DESANTIS
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jess FronckowiakJESS FRONCKOWIAK
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jeff BooneJEFF BOONE
EX OFFICIO DIR
- Total calculated
- $0
- Hours/week
- 2
-
Bob HiteBOB HITE
Director
- Total calculated
- $0
- Hours/week
- 2
-
David JoynerDAVID JOYNER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kathleen LehnerKATHLEEN LEHNER
President & CEO
- Total calculated
- $0
- Hours/week
- 50
-
Tony MooreTONY MOORE
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Debbie LapinskaDEBBIE LAPINSKA
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 5
-
Victoria StultzVICTORIA STULTZ
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Sandra PridemoreSANDRA PRIDEMORE
Treasurer
- Total calculated
- $0
- Hours/week
- 5
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.
-
VENICE AREA CHAMBER OF COMM FDTN INC
501(c)(3) · ADVANCEMENT OF KNOWLEDGE & UNDERSTANDING OF ECONOMICS · FL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 February 2024
- IRS schema version
- 2023v6.0
- Source object
- 202540209349301704
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