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Nonprofiteer
← RACINE AREA MANUFACTURERS AND COMMERCE INC

Form 990 for tax year 2022

Filed by RACINE AREA MANUFACTURERS AND COMMERCE INC.

Totals

Total revenue
$2,380,936
Total expenses
$2,329,898
Contributions and grants received
$1,741,716
Grants paid
$9,013
Program service revenue
$618,976
Investment income
$2,733
Other revenue
$17,511
Total assets, end of year
$1,082,846
Total liabilities, end of year
$308,154
Net assets or fund balances, end of year
$774,692
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.

  • 1c · Fundraising events

    $65,083

  • 1e · Government grants (contributions)

    $1,675,907

  • 1f · All other contributions, gifts and grants

    $726

  • 2a · Program service revenue: MEMBERSHIP DUES AND AS

    total $422,274 · related or exempt $422,274

  • 2b · Program service revenue: MEMBER SERVICES - CONS

    total $94,249 · related or exempt $94,249

  • 2c · Program service revenue: MEMBER SERVICES - TRAI

    total $84,408 · related or exempt $84,408

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $18,045 · related or exempt $18,045

  • 3 · Investment income

    total $2,733 · excluded $2,733

  • 8a · Fundraising events: gross income

    $59,455

  • 8a · Fundraising events: contributions included on line 1c

    $65,083

  • 8b · Fundraising events: direct expenses

    $65,677

  • 8c · Net income from fundraising events

    total -$6,222 · excluded -$6,222

  • 11a · Other revenue: ADVERTISING INCOME

    total $21,612 · unrelated business $21,612

  • 11b · Other revenue: ANNUAL REPORT INCOME

    total $1,600 · related or exempt $1,600

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $521 · related or exempt $521

  • 11e · Other revenue, total

    $23,733

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,263

  • 2 · Grants to domestic individuals

    total $1,750

  • 5 · Compensation of officers, directors and key employees

    total $144,698

  • 7 · Other salaries and wages

    total $1,440,439

  • 8 · Pension plan contributions

    total $19,239

  • 9 · Other employee benefits

    total $112,571

  • 10 · Payroll taxes

    total $133,117

  • 11b · Fees: legal

    total $336

  • 11c · Fees: accounting

    total $63,201

  • 11g · Fees: other

    total $162,131

  • 12 · Advertising and promotion

    total $4,770

  • 13 · Office expenses

    total $17,774

  • 14 · Information technology

    total $29,672

  • 16 · Occupancy

    total $39,022

  • 17 · Travel

    total $8,300

  • 20 · Interest

    total $1,969

  • 22 · Depreciation, depletion and amortization

    total $18,662

  • 23 · Insurance

    total $4,968

  • 24a · Other expenses: TRAINING AND EDUCATION

    total $57,348

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $16,390

  • 24c · Other expenses: BUSINESS QUARTERLY PUBL

    total $15,135

  • 24d · Other expenses: BAD DEBTS

    total $11,001

  • 24e · All other expenses

    total $20,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,207 · end of year $126,177

  • 2 · Savings and temporary cash investments

    beginning of year $505,373 · end of year $551,105

  • 3 · Pledges and grants receivable

    beginning of year $114,720 · end of year $138,287

  • 4 · Accounts receivable

    beginning of year $99,169 · end of year $97,693

  • 8 · Inventories for sale or use

    beginning of year $2,597 · end of year $2,738

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,763 · end of year $26,594

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

    $650,695

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

    $535,262

  • 10c · Land, buildings and equipment, net

    beginning of year $114,729 · end of year $115,433

  • 15 · Other assets

    beginning of year $18,404 · end of year $24,819

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,348 · end of year $112,108

  • 19 · Deferred revenue

    beginning of year $177,039 · end of year $185,862

  • 23 · Secured mortgages and notes payable

    beginning of year $921 · end of year $10,184

  • 27 · Net assets without donor restrictions

    beginning of year $708,750 · end of year $760,674

  • 28 · Net assets with donor restrictions

    beginning of year $14,904 · end of year $14,018

Mission and programs · 2022

Mission

TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY.

Activities or mission (Part I)

RACINE'S BUSINESS CHAMPION - TO PROMOTE THE FURTHER DEVELOPMENT OF THE RACINE BUSINESS COMMUNITY AND BE THE VOICE OF THE BUSINESS COMMUNITY.

  • PUBLIC POLICY - PROMOTE ISSUES IMPORTANT TO THE BUSINESS COMMUNITY; ASSIST MEMBER BUSINESSES WITH PUBLIC POLICY CHALLENGES.

  • TALENT DEVELOPMENT - OFFER RELEVANT AND APPLICABLE TRAINING PROGRAMS ON VARIOUS LEVELS FOR MEMBER BUSINESSES WORKFORCE.

  • BUSINESS DEVELOPMENT - PROVIDE MEMBER-TO-MEMBER MARKETING OPPORTUNITIES; FACILITATE COMMITTEES, ROUNDTABLES AND COMMUNITY DEVELOPMENT ACTIVITIES.

  • NETWORKING - FACILITATE OPPORTUNITIES FOR MEMBERS TO NETWORK WITH ONE ANOTHER.

  • LIVING AS A LEADER - TO PROVIDE A 12-MONTH SERIES WHICH INCLUDES MONTHLY SKILL-BUILDING SESSIONS ALONG WITH MONTHLY ONE-ON-ONE LEADER COACHING.

  • LEADERSHIP RACINE - THE LEADERSHIP RACINE PROGRAM BUILDS COMMUNITY TRUSTEESHIP THROUGH THE DEVELOPMENT OF STRONG, DIVERSE AND KNOWLEDGEABLE LEADERS. THIS 9 MONTH PROGRAM IS DESIGNED TO RECRUIT PROMISING LEADERS AND HELP PREPARE THEM FOR POSITIONS OF PUBLIC INFLUENCE AND DECISIONMAKING IN THE GREATER RACINE AREA.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Behrens

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Judy Melaro-Gavigan

    MEMBERSHIP CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Doug Nicholson

    ACTIVITIES CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ryan Brath

    COMAR CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jody Muniz

    PUBLIC POLICY CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Scott Hess

    VICE CHAIR/FINANACE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dana Christensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Cretton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Crista Kruse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Ladwig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Langer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Loretta Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • John Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Schaefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Sterbin Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Knutson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Weaver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Montemurro

    PRESIDENT/CEO

    Total calculated
    $141,309
    From this org
    $135,882
    From related orgs
    $0
    Other
    $5,427
    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.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
4 October 2023
IRS schema version
2022v5.0
Source object
202302789349301145

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