Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $367,429

• 1e · Government grants (contributions)

  $10,000

• 2a · Program service revenue: MGMT AND TOURISM FEES

  total $1,070,228 · related or exempt $1,070,228

• 2b · Program service revenue: MEETINGS & FORUMS

  total $207,582 · related or exempt $207,582

• 2c · Program service revenue: DIRECTORY AND NEWSLETT

  total $28,422 · unrelated business $28,422

• 2d · Program service revenue: OTHER REVENUE

  total $3,734 · related or exempt $3,734

• 3 · Investment income

  total $18,505 · excluded $18,505

• 6a · Gross rents

  real property $4,210

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $4,210

• 6d · Net rental income or loss

  total $4,210 · unrelated business $4,210

• 7a · Gross sales of assets other than inventory

  securities $100,653

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

  securities $112,688

• 7c · Gain or loss

  securities -$12,035

• 7d · Net gain or loss

  total -$12,035 · unrelated business -$12,035

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,038,709

• 9 · Other employee benefits

  total $86,084

• 10 · Payroll taxes

  total $90,196

• 11c · Fees: accounting

  total $10,824

• 11f · Fees: investment management

  total $2,901

• 13 · Office expenses

  total $17,954

• 16 · Occupancy

  total $44,763

• 17 · Travel

  total $19,898

• 19 · Conferences, conventions and meetings

  total $82,158

• 20 · Interest

  total $14,372

• 22 · Depreciation, depletion and amortization

  total $21,367

• 23 · Insurance

  total $4,758

• 24a · Other expenses: BUSINESS DIRECTORY AND

  total $12,694

• 24b · Other expenses: GRANT EXPENSES

  total $99,000

• 24c · Other expenses: PRINTING & POSTAGE

  total $73,713

• 24d · Other expenses: REPAIRS AND MAINTENANCE

  total $18,071

• 24e · All other expenses

  total $30,678

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $302,562 · end of year $132,478

• 2 · Savings and temporary cash investments

  beginning of year $306,483 · end of year $522,259

• 4 · Accounts receivable

  beginning of year $113,762 · end of year $127,412

• 9 · Prepaid expenses and deferred charges

  beginning of year $17,199 · end of year $7,821

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

  $805,370

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

  $342,160

• 10c · Land, buildings and equipment, net

  beginning of year $470,977 · end of year $463,210

• 11 · Investments: publicly traded securities

  beginning of year $91,045 · end of year $100,990

• 17 · Accounts payable and accrued expenses

  beginning of year $3,742 · end of year $17,081

• 19 · Deferred revenue

  beginning of year $212,651 · end of year $223,115

• 23 · Secured mortgages and notes payable

  beginning of year $405,066 · end of year $384,212

• 25 · Other liabilities

  beginning of year $30,537 · end of year $29,812

• 27 · Net assets without donor restrictions

  beginning of year $650,032 · end of year $694,950

• 28 · Net assets with donor restrictions

  end of year $5,000

The filer's explanations (Part III)

PART I, LINE 3

ANNUALLY, WITHIN 60 DAYS OF THE END OF THE FISCAL YEAR END, THE EXECUTIVE COMMITTEE WILL REVIEW KEY EMPLOYEE COMPENSATION, AND APPROVE, USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CHAMBERS. UPON COMPLETION OF THE REVIEW THE COMMITTEE WILL REPORT THEIR DETERMINATIONS TO THE BOARD OF DIRECTORS.

PART I, LINE 4B

ROY NASCIMENTO

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHAMBERS INSURANCE INC

  C · INSURANCE AGENT · MA