Form 990 for tax year 2022
Filed by STERLING HEIGHTS REGIONAL CHAMBER OF COMMERCE & INDUSTRY.
Totals
- Total revenue
- $505,592
- Total expenses
- $486,390
- Contributions and grants received
- $270,043
- Grants paid
- $0
- Program service revenue
- $59,839
- Investment income
- $2,423
- Other revenue
- $173,287
- Total assets, end of year
- $356,871
- Total liabilities, end of year
- $9,523
- Net assets or fund balances, end of year
- $347,348
- Program services expenses (Part IX)
- $290,449
- Management and general expenses
- $112,037
- Fundraising expenses
- $83,904
- Program service expenses (Part III)
- $290,449
Program services were 59.7% 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
$260,309
-
1f · All other contributions, gifts and grants
$9,734
-
2a · Program service revenue: VAR. PROGRAM SERVICE EVENTS
total $59,839 · related or exempt $59,839
-
3 · Investment income
total $2,423 · related or exempt $2,423
-
8a · Fundraising events: gross income
$459,924
-
8b · Fundraising events: direct expenses
$286,637
-
8c · Net income from fundraising events
total $173,287
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $113,708 · program services $56,854 · management and general $28,427 · fundraising $28,427
-
7 · Other salaries and wages
total $161,722 · program services $97,034 · management and general $32,344 · fundraising $32,344
-
9 · Other employee benefits
total $29,417 · program services $17,651 · management and general $5,883 · fundraising $5,883
-
10 · Payroll taxes
total $23,339 · program services $14,003 · management and general $4,668 · fundraising $4,668
-
11b · Fees: legal
total $168 · program services $59 · management and general $101 · fundraising $8
-
11c · Fees: accounting
total $5,799 · program services $2,030 · management and general $3,479 · fundraising $290
-
11g · Fees: other
total $8,850 · program services $8,850
-
12 · Advertising and promotion
total $8,914 · program services $7,006 · management and general $954 · fundraising $954
-
13 · Office expenses
total $5,135 · program services $2,580 · management and general $1,590 · fundraising $965
-
14 · Information technology
total $20,860 · program services $20,860
-
16 · Occupancy
total $44,253 · program services $26,551 · management and general $8,851 · fundraising $8,851
-
22 · Depreciation, depletion and amortization
total $417 · program services $417
-
23 · Insurance
total $7,568 · program services $4,540 · management and general $1,514 · fundraising $1,514
-
24a · Other expenses: COGS
total $22,519 · program services $22,519
-
24b · Other expenses: DUES & EDUCATION
total $12,241 · management and general $12,241
-
24c · Other expenses: CREDIT CARD FEES
total $11,720 · program services $5,860 · management and general $5,860
-
24d · Other expenses: DONATIONS
total $4,400 · management and general $4,400
-
24e · All other expenses
total $5,360 · program services $3,635 · management and general $1,725
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $58,348 · end of year $187,952
-
2 · Savings and temporary cash investments
beginning of year $185,368 · end of year $164,952
-
3 · Pledges and grants receivable
beginning of year $100,527
-
9 · Prepaid expenses and deferred charges
beginning of year $3,742 · end of year $3,967
-
10a · Land, buildings and equipment: cost or other basis
$72,642
-
10b · Land, buildings and equipment: accumulated depreciation
$72,642
-
10c · Land, buildings and equipment, net
beginning of year $417
-
17 · Accounts payable and accrued expenses
beginning of year $18,938 · end of year $4,573
-
25 · Other liabilities
beginning of year $1,318 · end of year $4,950
-
31 · Retained earnings, endowment or other funds
beginning of year $328,146 · end of year $347,348
Mission and programs · 2022
Mission
PRESERVING THE COMPETIVE ENTERPRISE SYSTEM OF BUSINESS BY: CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF BUSINESS PEOPLE AND A CONCERN FOR THEIR PROBLEMS; EDUCATING THE BUSINESS COMMUNITY AND REPRESENTING IT IN LOCAL, STATE AND NATIONAL MATTERS; HELPING PREVENT AND ADDRESSING CONTROVERSIES WHICH ARE DETRIMENTAL TO THE EXPANSION AND GROWTH OF COMMERCE AND THE COMMUNITY.
-
PRESERVING THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS BY: CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF BUSINESS PEOPLE AND A CONCERN FOR THEIR PROBLEMS; EDUCATING THE BUSINESS COMMUNITY AND REPRESENTING IT IN LOCAL, STATE AND NATIONAL MATTERS; HELPING PREVENT AND ADDRESSING CONTROVERSIES WHICH ARE DETRIMENTAL TO THE EXPANSION AND GROWTH OF COMMERCE AND THE COMMUNITY.
Expenses $267,930 · Revenue $59,839
-
PROMOTES COMMUNITY AND ECONOMIC GROWTH THROUGH INTERACTION OF COMMUNITY BUSINESS LEADERS.
Expenses $22,519
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
STACY ZIARKO
CHAMBER PRES
- Total calculated
- $113,708
- From this org
- $113,708
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
RON CHRISS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
BRENT FREEMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
BRAD LUKAS
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
AMY PERSYN
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 3
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342999349300129
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