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Nonprofiteer
← NORTHERN KENTUCKY CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by NORTHERN KENTUCKY CHAMBER OF COMMERCE INC.

Totals

Total revenue
$2,743,093
Total expenses
$2,793,493
Contributions and grants received
$54,675
Grants paid
$0
Program service revenue
$2,153,859
Investment income
$168,003
Other revenue
$366,556
Total assets, end of year
$2,179,216
Total liabilities, end of year
$1,689,032
Net assets or fund balances, end of year
$490,184
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

    $54,675

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,122,697 · related or exempt $1,122,697

  • 2b · Program service revenue: MEETING & EVENT REVENU

    total $1,031,162 · related or exempt $1,031,162

  • 3 · Investment income

    total $170,321 · excluded $170,321

  • 5 · Royalties

    total $14,790 · excluded $14,790

  • 7b · Less cost or other basis and sales expenses

    other assets $2,318

  • 7c · Gain or loss

    other assets -$2,318

  • 7d · Net gain or loss

    total -$2,318 · excluded -$2,318

  • 8a · Fundraising events: gross income

    $272,585

  • 8b · Fundraising events: direct expenses

    $158,079

  • 8c · Net income from fundraising events

    total $114,506 · excluded $114,506

  • 11a · Other revenue: PUBLICATION ADVERTISIN

    total $237,260 · unrelated business $237,260

  • 11e · Other revenue, total

    $237,260

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $468,410

  • 7 · Other salaries and wages

    total $974,301

  • 8 · Pension plan contributions

    total $29,494

  • 9 · Other employee benefits

    total $82,819

  • 10 · Payroll taxes

    total $112,431

  • 11c · Fees: accounting

    total $8,675

  • 11d · Fees: lobbying

    total $18,697

  • 11g · Fees: other

    total $37,325

  • 12 · Advertising and promotion

    total $197,342

  • 13 · Office expenses

    total $69,081

  • 14 · Information technology

    total $30,706

  • 16 · Occupancy

    total $188,381

  • 19 · Conferences, conventions and meetings

    total $137,208

  • 22 · Depreciation, depletion and amortization

    total $30,071

  • 23 · Insurance

    total $11,648

  • 24a · Other expenses: MEMBERSHIP SERVICES

    total $155,407

  • 24b · Other expenses: LEADERSHIP

    total $123,796

  • 24c · Other expenses: PUBLICATIONS

    total $34,821

  • 24d · Other expenses: GOVERNMENT RELATIONS

    total $33,486

  • 24e · All other expenses

    total $49,394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $388,381 · end of year $313,068

  • 2 · Savings and temporary cash investments

    beginning of year $401,908 · end of year $435,472

  • 4 · Accounts receivable

    beginning of year $34,288 · end of year $56,888

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,758 · end of year $25,530

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

    $766,334

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

    $656,903

  • 10c · Land, buildings and equipment, net

    beginning of year $139,497 · end of year $109,431

  • 12 · Investments: other securities

    beginning of year $578,654 · end of year $586,505

  • 15 · Other assets

    beginning of year $962,465 · end of year $652,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,857 · end of year $122,369

  • 19 · Deferred revenue

    beginning of year $885,520 · end of year $915,261

  • 25 · Other liabilities

    beginning of year $960,775 · end of year $651,402

  • 27 · Net assets without donor restrictions

    beginning of year $534,609 · end of year $475,246

  • 28 · Net assets with donor restrictions

    beginning of year $13,190 · end of year $14,938

Mission and programs · 2023

Mission

OUR MISSION IS TO PROMOTE AND SUPPORT THE DEVELOPMENT OF STRONG BUSINESSES AND A VIBRANT ECONOMY IN THE NORTHERN KENTUCKY REGION, THROUGH LEADERSHIP AND ADVOCACY, RESULTING IN A BETTER QUALITY OF LIFE FOR ALL.

Activities or mission (Part I)

OUR MISSION IS TO PROMOTE AND SUPPORT THE DEVELOPMENT OF STRONG BUSINESSES AND A VIBRANT ECONOMY IN THE NORTHERN KENTUCKY REGION THROUGH LEADERSHIP AND ADVOCACY, RESULTING IN A BETTER QUALITY OF LIFE FOR ALL. OUR VISION IS TO BE THE PREMIER MEMBERSHIP ORGANIZATION DRIVING NORTHERN KENTUCKY'S PURSUIT TO BE A WORLD-CLASS REGION IN WHICH TO START, DEVELOP AND GROW THRIVING BUSINESSES. THE NKY CHAMBER BELIEVES THE PRESENCE, CONTRIBUTIONS, AND PERSPECTIVES OF ALL ARE ESSENTIAL TO BUILDING A THRIVING AND INCLUSIVE BUSINESS COMMUNITY.

  • VARIOUS PROGRAMS TO ENCOURAGE AND PROMOTE ECONOMIC WELL BEING, QUALITY, GROWTH AND COMMUNITY DEVELOPMENT FOR NORTHERN KENTUCKY.

As filed on the 2023 return.

Listed in Part VII

  • John Hawkins

    ELECTED MEMBER-CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jason Payne

    ELECTED MEMBER-CHAIR ELECT & TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kristen Smitherman-Voltaire

    STANDING MEMBER-VICE CHAIR INCL BUS STRAT

    Total calculated
    $0
    Hours/week
    1
  • David Kay

    STANDING MEMBER-VICE CHAIR LEADERSHIP

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Melissa Lutz

    STANDING MEMBER-VICE CHAIR MEMBERSHIP

    Total calculated
    $0
    Hours/week
    1
  • Mike Ballenger

    STANDING MEMBER-VICE CHAIR NKYP

    Total calculated
    $0
    Hours/week
    1
  • Geralyn Isler

    STANDING MEMBER-TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jay Wuest

    STANDING MEMBER-SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Garren Colvin

    STANDING MEMBER-IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • John Muller

    STANDING MEMBER-ADVOCACY

    Total calculated
    $0
    Hours/week
    1
  • Michael Hall

    STANDING MEMBER-WORKFORCE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gaby Batshoun

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Catrena Bowman

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Normand Desmarais

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Josh Duckworth

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Furtado

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Pamela Goetting

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dan Janka

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Barbara Johnson

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brady Jolly

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • James Lokesak

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Laura Lyons

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Shannon Oldfield

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Billy Santos

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Sieg

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ray Takigiku

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Julie Tapke

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Francisco Paco Tello

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian Todd

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Caroline Weltzer

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Anna Wolf

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chip Bach

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Allyson Cook

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Brent Degenhardt

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Ken Muth

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Eric Pozarycki

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Lee Scheben

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Lacy Starling

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Wonda Winkler

    1 YR AT-LARGE

    Total calculated
    $0
    Hours/week
    1
  • Bonita Brown

    STANDING MEMBER THRU 9/23

    Total calculated
    $0
    Hours/week
    1
  • Joseph Chillo

    STANDING MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Fernando Figueroa

    STANDING MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Candace McGraw

    STANDING MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Meier

    STANDING MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cady Short-Thompson

    STANDING MEMBER FROM 10/23

    Total calculated
    $0
    Hours/week
    1
  • Matt Turner

    STANDING MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brent Cooper

    PRESIDENT & CEO

    Total calculated
    $205,289
    From this org
    $186,001
    From related orgs
    $0
    Other
    $19,288
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $180,001
    Bonus
    $0
    Other
    $6,000
    Deferred
    $5,588
    Nontaxable benefits
    $13,700
    Filer's total
    $205,289
  • Maurice Kirchner

    COO

    Total calculated
    $152,001
    From this org
    $140,339
    From related orgs
    $0
    Other
    $11,662
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $130,339
    Bonus
    $7,000
    Other
    $3,000
    Deferred
    $4,251
    Nontaxable benefits
    $7,411
    Filer's total
    $152,001
  • Lynsey McClung

    CFO

    Total calculated
    $112,778
    From this org
    $105,169
    From related orgs
    $0
    Other
    $7,609
    Hours/week
    40 + 1 related
  • Lynn Abeln

    VP MEMBERSHIP

    Total calculated
    $108,338
    From this org
    $105,169
    From related orgs
    $0
    Other
    $3,169
    Hours/week
    40
  • Nancy Spivey

    VP TALENT STRATEGIES

    Total calculated
    $103,602
    From this org
    $100,584
    From related orgs
    $0
    Other
    $3,018
    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 · 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.

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.

  • NORTHERN KENTUCKY CHAMBER OF COMMERCE FOUNDATION INC

    501(C)(3) · TO POSITIVELY ENHANCE THE NKY BUSINESS CLIMATE · KY · controlled entity

    Directly controlled by NKY CHAMBER OF COMMERCE

  • NORTHERN KENTUCKY CHAMBER POLITICAL ACTION COMMITTEE

    527 · VOLUNTARY, NON-PARTISAN, POLITICAL ORGANIZATION TO SOLICIT & EXPEND FUNDS · KY · controlled entity

    Directly controlled by NKY CHAMBER OF COMMERCE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 300 BUTTERMILK LLC

    EXCLUDED FROM TAX · COMMERICAL RENTAL · KY · 33.33% owned · share of income $137,851 · share of assets $652,487 · general or managing partner

    Directly controlled by NORTHERN KENTUCKY CHAMBER OF COMMERCE

Provenance

Return type
form_990
Tax year
2023
Filed
9 July 2025
IRS schema version
2023v6.0
Source object
202501929349300215

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