Form 990 for tax year 2023
Filed by CHARLOTTE REGIONAL BUSINESS ALLIANCE.
Totals
- Total revenue
- $8,689,923
- Total expenses
- $9,033,387
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $8,554,330
- Investment income
- $135,593
- Other revenue
- $0
- Total assets, end of year
- $7,844,148
- Total liabilities, end of year
- $6,572,517
- Net assets or fund balances, end of year
- $1,271,631
- 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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $7,507,518 · related or exempt $7,507,518
-
2b · Program service revenue: PROJECT REVENUE
total $1,024,545 · related or exempt $1,024,545
-
2c · Program service revenue: SPONSORSHIP REVENUE
total $22,267 · related or exempt $22,267
-
3 · Investment income
total $135,593 · excluded $135,593
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $485,340
-
7 · Other salaries and wages
total $3,502,687
-
8 · Pension plan contributions
total $301,476
-
9 · Other employee benefits
total $613,242
-
11d · Fees: lobbying
total $107,378
-
11g · Fees: other
total $683,728
-
12 · Advertising and promotion
total $792,434
-
13 · Office expenses
total $184,840
-
16 · Occupancy
total $554,309
-
17 · Travel
total $598,712
-
20 · Interest
total $3,894
-
22 · Depreciation, depletion and amortization
total $217,029
-
24a · Other expenses: EVENT EXPENSE
total $349,055
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $312,008
-
24c · Other expenses: EQUIPMENT LEASE
total $109,473
-
24d · Other expenses: MISC EXPENSE
total $57,875
-
24e · All other expenses
total $159,907
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,838,392 · end of year $1,898,202
-
2 · Savings and temporary cash investments
beginning of year $1,830,509 · end of year $1,664,935
-
3 · Pledges and grants receivable
beginning of year $959,190 · end of year $409,261
-
4 · Accounts receivable
beginning of year $21,025 · end of year $147,053
-
9 · Prepaid expenses and deferred charges
beginning of year $119,377 · end of year $175,459
-
10a · Land, buildings and equipment: cost or other basis
$3,861,821
-
10b · Land, buildings and equipment: accumulated depreciation
$2,684,230
-
10c · Land, buildings and equipment, net
beginning of year $1,381,597 · end of year $1,177,591
-
15 · Other assets
beginning of year $2,621,783 · end of year $2,371,647
-
17 · Accounts payable and accrued expenses
beginning of year $628,160 · end of year $601,858
-
19 · Deferred revenue
beginning of year $2,973,424 · end of year $2,722,295
-
25 · Other liabilities
beginning of year $3,555,194 · end of year $3,248,364
-
27 · Net assets without donor restrictions
beginning of year $1,615,095 · end of year $1,271,631
Mission and programs · 2023
Mission
COLLABORATE TO PROMOTE AND ADVANCE THE CHARLOTTE REGION, CREATING OPPORTUNITY, ECONOMIC GROWN AND PROSPERITY FOR ALL.
Activities or mission (Part I)
ADVANCE THE CHARLOTTE REGION TO CREATE OPPORTUNITY, ECONOMIC GROWTH, AND PROSPERITY FOR ALL.
-
THE ALLIANCE'S GUIDING PRINCIPLES ARE:(1) SERVING AS THE VOICE FOR THE BUSINESS COMMUNITY;(2) GROWING ECONOMIC DIVERSITY AND SUSTAINABILITY THROUGH DIRECT RECRUITMENT, RETENTION AND RE-DEVELOPMENT;(3) CREATING FERTILE GROUND AND COMMUNICATING A BUSINESS FRIENDLY ENVIRONMENT THAT ATTRACTS AND RETAINS NEW AND EMERGING BUSINESSES;(4) PROVIDING EDUCATIONAL, NETWORKING AND BUSINESS GROWTH OPPORTUNITIES FOR ALL MEMBERS; AND, (5) COLLABORATING OPENLY AND CLOSELY WITH INVESTORS AND BOARD LEADERSHIP, BUSINESS, COMMUNITY PARTNERS AND GOVERNMENT LEADERS.
As filed on the 2023 return.
Listed in Part VII
-
Janet LabarJANET LABAR
PRESIDENT & CEO
- Total calculated
- $514,269
- From this org
- $483,810
- From related orgs
- $0
- Other
- $30,459
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $403,310
- Bonus
- $75,000
- Other
- $5,500
- Deferred
- $26,400
- Nontaxable benefits
- $4,059
- Filer's total
- $514,269
-
Danny ChavezDANNY CHAVEZ
CHIEF BUSINESS RECRUITMENT OFFICER
- Total calculated
- $306,433
- From this org
- $276,914
- From related orgs
- $0
- Other
- $29,519
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $252,114
- Bonus
- $20,000
- Other
- $4,800
- Deferred
- $18,320
- Nontaxable benefits
- $11,199
- Filer's total
- $306,433
-
Joaquin SoriaJOAQUIN SORIA
CFO
- Total calculated
- $290,716
- From this org
- $250,018
- From related orgs
- $0
- Other
- $40,698
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $219,218
- Bonus
- $26,000
- Other
- $4,800
- Deferred
- $19,920
- Nontaxable benefits
- $20,778
- Filer's total
- $290,716
-
Kari HackettKARI HACKETT
CHIEF DEVELOPMENT & INVESTOR RELATIONS
- Total calculated
- $283,414
- From this org
- $246,674
- From related orgs
- $0
- Other
- $36,740
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,874
- Bonus
- $26,000
- Other
- $4,800
- Deferred
- $18,880
- Nontaxable benefits
- $17,860
- Filer's total
- $283,414
-
Robert J HortonROBERT J HORTON
CHIEF MARKETING OFFICER
- Total calculated
- $272,714
- From this org
- $251,744
- From related orgs
- $0
- Other
- $20,970
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,944
- Bonus
- $27,000
- Other
- $4,800
- Deferred
- $19,600
- Nontaxable benefits
- $1,370
- Filer's total
- $272,714
-
Joseph BostJOSEPH BOST
CHIEF ADVOCACY OFFICER
- Total calculated
- $241,968
- From this org
- $194,079
- From related orgs
- $0
- Other
- $47,889
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $174,679
- Bonus
- $15,000
- Other
- $4,400
- Deferred
- $16,000
- Nontaxable benefits
- $31,889
- Filer's total
- $241,968
-
Nathaniel HoganNATHANIEL HOGAN
PRESIDENT, CLT ALLIANCE FOUNDATION
- Total calculated
- $204,574
- From this org
- $189,711
- From related orgs
- $0
- Other
- $14,863
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $171,306
- Bonus
- $14,405
- Other
- $4,000
- Deferred
- $12,000
- Nontaxable benefits
- $2,863
- Filer's total
- $204,574
-
Randy AlexanderRANDY ALEXANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Oliver BadgioOLIVER BADGIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve BagwellSTEVE BAGWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim BaierTIM BAIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Seth BennettSETH BENNETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tariq BokhariTARIQ BOKHARI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jenn BosserJENN BOSSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg BoulangerGREG BOULANGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charlis BrockCHARLIS BROCK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jake BurnsJAKE BURNS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Josh CharlesworthJOSH CHARLESWORTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Derick CloseDERICK CLOSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristi ColemanKRISTI COLEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Malcomb ColeyMALCOMB COLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kinneil ColtmanKINNEIL COLTMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rod CriderROD CRIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bojan CukicBOJAN CUKIC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kandi DeitemeyerKANDI DEITEMEYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dena DiorioDENA DIORIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Betty DosterBETTY DOSTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George DunlapGEORGE DUNLAP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Saad EhtishamSAAD EHTISHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen EvansKATHLEEN EVANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Toni Farmer-ThompsonTONI FARMER-THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee FiteLEE FITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joe FosterJOE FOSTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carla FrenchCARLA FRENCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Geraldine GardnerGERALDINE GARDNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alberto GonzalezALBERTO GONZALEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Geoff GrayGEOFF GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brett GrayBRETT GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris GreeneCHRIS GREENE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Denise HallettDENISE HALLETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin HartKEVIN HART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ken HaynesKEN HAYNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David HeadDAVID HEAD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Reginald HendersonREGINALD HENDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas HertleinTHOMAS HERTLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donny HicksDONNY HICKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Melissa HlavacMELISSA HLAVAC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Watts HuckabeeWATTS HUCKABEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie JansonJULIE JANSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pat JonesPAT JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marcus JonesMARCUS JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jenna KellyJENNA KELLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dana KillianDANA KILLIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Valerie KinlochVALERIE KINLOCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff LedfordJEFF LEDFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David LeeDAVID LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia LimaCYNTHIA LIMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carol LovinCAROL LOVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel LugoDANIEL LUGO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marina LvovichMARINA LVOVICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Karen MattimoreKAREN MATTIMORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric MauntelERIC MAUNTEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marissa MichaelsMARISSA MICHAELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracy MontrossTRACY MONTROSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christopher MoxleyCHRISTOPHER MOXLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amy Murphy CurlisAMY MURPHY CURLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dianne NeurauterDIANNE NEURAUTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dewey Norwood JrDEWEY NORWOOD JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Zach PannierZACH PANNIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris PatersonCHRIS PATERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ben PickettBEN PICKETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Emily PillarsEMILY PILLARS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Walter PriceWALTER PRICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kerr PutneyKERR PUTNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Abbey RampyABBEY RAMPY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike RizerMIKE RIZER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patricia RodgersPATRICIA RODGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie RoperJULIE ROPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carrie RuddyCARRIE RUDDY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Justin RutledgeJUSTIN RUTLEDGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alan SauberALAN SAUBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brooke SenterBROOKE SENTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hunter ShullHUNTER SHULL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Adam ShumateADAM SHUMATE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristerpher SmithKRISTERPHER SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David SmithDAVID SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael SmithMICHAEL SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brandon SpearsBRANDON SPEARS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike TanksleyMIKE TANKSLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ben TarioBEN TARIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brent TollisonBRENT TOLLISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Solange TricanowiczSOLANGE TRICANOWICZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer TroyerJENNIFER TROYER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura UllrichLAURA ULLRICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg WalterGREG WALTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Martha WegnerMARTHA WEGNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sasha WeintraubSASHA WEINTRAUB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred WhitfieldFRED WHITFIELD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura Yates ClarkLAURA YATES CLARK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Teross YoungTEROSS YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alison SummervilleALISON SUMMERVILLE
CHAIR
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Shalanna PirtleSHALANNA PIRTLE
SECRETARY & GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Kieth CockrellKIETH COCKRELL
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
John GiannuzziJOHN GIANNUZZI
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
David LongoDAVID LONGO
1ST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Dave KatzDAVE KATZ
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4A
- DANNY CHAVEZ, CHIEF BUSINESS RECRUITMENT OFFICER WAS PAID SEVERANCE IN THE AMOUNT OF $34,667.
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.
-
CHARLOTTE REGIONAL BUSINESS ALLIANCE FOUNDATION
501(C)(3) · EDUCATION, TALENT, AND COMMUNITY DEVELOPMENT · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403129349304500
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