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Nonprofiteer
← FRANKFORT CHAMBER OF COMMERCE INC

Form 990 for tax year 2024

Filed by FRANKFORT CHAMBER OF COMMERCE INC.

Totals

Total revenue
$641,872
Total expenses
$637,579
Contributions and grants received
$140,952
Grants paid
$22,790
Program service revenue
$451,486
Investment income
$49,434
Other revenue
$0
Total assets, end of year
$966,477
Total liabilities, end of year
$18,998
Net assets or fund balances, end of year
$947,479
Program services expenses (Part IX)
$520,039
Management and general expenses
$117,540
Fundraising expenses
$0
Program service expenses (Part III)
$520,039

Program services were 81.6% 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.

  • 1b · Membership dues

    $130,560

  • 1e · Government grants (contributions)

    $4,297

  • 1f · All other contributions, gifts and grants

    $6,095

  • 2a · Program service revenue: FALL FESTIVAL

    total $295,466 · related or exempt $295,466

  • 2b · Program service revenue: GOLF OUTING

    total $35,585 · related or exempt $35,585

  • 2c · Program service revenue: CONCERTS

    total $29,615 · related or exempt $29,615

  • 2d · Program service revenue: SCASE AND OTHER

    total $90,820 · related or exempt $90,820

  • 3 · Investment income

    total $48,872 · related or exempt $48,872

  • 4 · Income from investment of tax-exempt bond proceeds

    total $618 · related or exempt $618

  • 7a · Gross sales of assets other than inventory

    securities $155,228

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

    securities $155,284

  • 7c · Gain or loss

    securities -$56

  • 7d · Net gain or loss

    total -$56 · related or exempt -$56

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,790 · program services $13,790

  • 2 · Grants to domestic individuals

    total $9,000 · program services $9,000

  • 7 · Other salaries and wages

    total $247,457 · program services $174,086 · management and general $73,371

  • 8 · Pension plan contributions

    total $7,122 · program services $5,010 · management and general $2,112

  • 9 · Other employee benefits

    total $4,779 · program services $3,362 · management and general $1,417

  • 10 · Payroll taxes

    total $23,724 · program services $16,690 · management and general $7,034

  • 11b · Fees: legal

    total $9,387 · program services $6,603 · management and general $2,784

  • 11c · Fees: accounting

    total $1,630 · program services $1,147 · management and general $483

  • 11f · Fees: investment management

    total $5,655 · program services $3,978 · management and general $1,677

  • 12 · Advertising and promotion

    total $4,476 · program services $3,149 · management and general $1,327

  • 13 · Office expenses

    total $8,710 · program services $6,127 · management and general $2,583

  • 16 · Occupancy

    total $10,800 · program services $7,598 · management and general $3,202

  • 22 · Depreciation, depletion and amortization

    total $9,518 · program services $6,696 · management and general $2,822

  • 23 · Insurance

    total $7,946 · program services $5,590 · management and general $2,356

  • 24a · Other expenses: FALL FEST

    total $128,096 · program services $128,096

  • 24b · Other expenses: GOLF OUTING

    total $17,202 · program services $17,202

  • 24c · Other expenses: CONCERTS

    total $16,991 · program services $16,991

  • 24d · Other expenses: VARIOUS ANNUAL EVENTS

    total $56,079 · program services $56,079

  • 24e · All other expenses

    total $55,217 · program services $38,845 · management and general $16,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,272 · end of year $22,085

  • 2 · Savings and temporary cash investments

    beginning of year $286,086 · end of year $230,615

  • 4 · Accounts receivable

    beginning of year $90

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,668 · end of year $2,521

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

    $255,742

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

    $64,563

  • 10c · Land, buildings and equipment, net

    beginning of year $171,050 · end of year $191,179

  • 11 · Investments: publicly traded securities

    beginning of year $481,770 · end of year $520,077

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,380 · end of year $5,298

  • 19 · Deferred revenue

    beginning of year $2,370 · end of year $13,700

  • 31 · Retained earnings, endowment or other funds

    beginning of year $943,186 · end of year $947,479

Mission and programs · 2024

Mission

PROMOTE POSITIVE BUSINESS AND COMMUNITY GROWTH

  • ALLOCATION OF GENERAL AND ADMINISTRATIVE EXEPENSES

    Expenses $301,671

  • ANNUAL FALL FESTIVAL AND CRAFT SHOW DESIGNED TO ENGAGE THE CHAMBER MEMBERS AND COMMUNITY. THE EVENT IS DESIGNED TO PROMOTE AREA BUSINESSES AND COMMUNITY

    Expenses $128,096 · Revenue $295,466

  • VARIOUS ANNUAL EVENTS TO HELP CHAMBER MEMEBERS PROMOTE THEIR BUSINESS AND NETWORK WITH OTHER CHAMBER MEMBERS AND COMMUNITY BUSINESSES. SEE ATTACHED DETAILED SUPPORTING STATEMENTS

    Expenses $73,070 · Revenue $120,435

  • GOLF OUTING EVENT IS TO HELP CHAMBER MEMBERS PROMOTE THEIR BUSINESSES AND NETWORK WITH OTHER CHAMBER MEMBERS AND COMMUNITY BUSINESSES.

    Expenses $17,202 · Revenue $35,585

As filed on the 2024 return.

Listed in Part VII

  • PAULINE MODJESKI

    EXEC DIRECTOR

    Total calculated
    $103,979
    From this org
    $100,950
    From related orgs
    $0
    Other
    $3,029
    Hours/week
    40

  • JOHN COSGROVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JAKE ALECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JESSICA JAKUBOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KELLY GARVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CHRIS GLATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • GERRY GRIFFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KEN MULHERAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DEAN VAUNDRY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • ROBERT KENNEDY

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • MIKE MITCHELL

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • GINA PERSIANI

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • MIKE CARTOLANO

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202503099349303355

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