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Nonprofiteer
← OPELIKA CHAMBER FOUNDATION

Form 990 for tax year 2022

Filed by OPELIKA CHAMBER FOUNDATION.

Totals

Total revenue
$537,148
Total expenses
$280,618
Contributions and grants received
$529,108
Grants paid
$0
Program service revenue
$6,520
Investment income
$20
Other revenue
$1,500
Total assets, end of year
$357,357
Total liabilities, end of year
$95,655
Net assets or fund balances, end of year
$261,702
Program services expenses (Part IX)
$4,485
Management and general expenses
$8,442
Fundraising expenses
$267,691
Program service expenses (Part III)
$4,485

Program services were 1.6% 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.

  • 1c · Fundraising events

    $529,108

  • 2a · Program service revenue: SERVICE PROJECT INCOME

    total $6,520 · related or exempt $6,520

  • 3 · Investment income

    total $20 · related or exempt $20

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

    $529,108

  • 11a · Other revenue: GENL OPERATING INCOME

    total $1,500 · related or exempt $1,500

  • 11e · Other revenue, total

    $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $725 · management and general $725

  • 13 · Office expenses

    total $938 · management and general $938

  • 24a · Other expenses: CAMPAIGN EXPENSES

    total $267,691 · fundraising $267,691

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $6,779 · management and general $6,779

  • 24c · Other expenses: SERVICE PROJECT EXPENSES

    total $4,485 · program services $4,485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $271,907

  • 4 · Accounts receivable

    end of year $85,450

  • 17 · Accounts payable and accrued expenses

    end of year $95,655

  • 27 · Net assets without donor restrictions

    end of year $261,702

Mission and programs · 2022

Mission

THE FOUNDATIONS PRIMARY PURPOSE IS TO SUPPORT THE PHILANTHROPIC, ECONOMIC DEVELOPMENT AND COMMUNITY BUILDING EFFORTS OF OUR PARTNER ORGANIZATION,THE OPELIKA CHAMBER OF COMMERCE.WE WORK TO ADDRESS CHALLENGES FACING OUR COMMUNITY,INCLUDING WORKFORCE DEVELOPMENT AND OTHER BARRIERS.

  • THE EXEMPT PURPOSE IS TO RAISE FUNDS FOR A SERVICE PROJECT TO BE ADMINISTERED ANNUALLY FOR THE 20 UNDER 40 GROUP. ALL FUNDS WERE RAISED AND SPENT TO RENOVATE A TEEN ROOM FOR THE BOYS & GIRLS CLUB OF GREATER LEE COUNTY IN 2022.

    Expenses $4,485 · Revenue $6,520

  • THE EXEMPT PURPOSE IS TO RAISE FUNDS FOR THE RENOVATION AND CAPITAL CAMPAIGN PROJECT FOR A WORKFORCE DEVELOPMENT AND TRAINING CENTER LOCATED AT 200 S. 6TH STREET IN OPELIKA, ALABAMA, WHICH WILL HOUSE THE OPELIKA CHAMBER OF COMMERCE, THE OPELIKA CHAMBER FOUNDATION, AND AUBURN-OPELIKA TOURISM, IN ADDITION TO A BUSINESS INCUBATOR AND TRAINING FACILITY.

As filed on the 2022 return.

Listed in Part VII

  • Mike Buckalew

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Malcom Marshall

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Eric Canada

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Nathan Mitchell

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Nakeda Woods

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Dede Jackson

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Joel Alvarado

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Betty Burns

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Alfred McCambry

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Chuck Beams

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Carlton Hunley IV

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0
  • Robyn Bridges

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Shey Knight

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Allen Bridges

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Nathan Murphy

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Ali B Rauch

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

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
23 May 2023
IRS schema version
2022v5.0
Source object
202342899349303119

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