Form 990 for tax year 2023
Filed by JACKSON & MADISON COUNTY CHAMBER OF COMMERCE.
Totals
- Total revenue
- $2,241,455
- Total expenses
- $2,269,942
- Contributions and grants received
- $1,652,336
- Grants paid
- $0
- Program service revenue
- $569,844
- Investment income
- $19,275
- Other revenue
- $0
- Total assets, end of year
- $2,852,948
- Total liabilities, end of year
- $552,595
- Net assets or fund balances, end of year
- $2,300,353
- Program services expenses (Part IX)
- $1,003,652
- Management and general expenses
- $442,824
- Fundraising expenses
- $823,466
- Program service expenses (Part III)
- not reported
Program services were 44.2% 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
$666,333
-
1e · Government grants (contributions)
$154,236
-
1f · All other contributions, gifts and grants
$831,767
-
2a · Program service revenue: PROGRAM INCOME
total $225,000 · related or exempt $225,000
-
2b · Program service revenue: ANNUAL AWARDS
total $85,395 · related or exempt $85,395
-
2c · Program service revenue: LEADERSHIP JACKSON
total $50,400 · related or exempt $50,400
-
2d · Program service revenue: CVB MANAGEMENT
total $33,000 · related or exempt $33,000
-
2e · Program service revenue: WOMEN IN BUSINESS
total $27,435 · related or exempt $27,435
-
2f · All other program service revenue
total $148,614 · related or exempt $148,614
-
3 · Investment income
total $19,275 · related or exempt $19,275
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,123,295 · program services $458,298 · management and general $126,356 · fundraising $538,641
-
9 · Other employee benefits
total $133,844 · program services $39,846 · management and general $27,562 · fundraising $66,436
-
10 · Payroll taxes
total $73,334 · program services $33,829 · management and general $9,523 · fundraising $29,982
-
11b · Fees: legal
total $65,864 · program services $50,000 · management and general $15,864
-
12 · Advertising and promotion
total $135,809 · program services $120,670 · fundraising $15,139
-
13 · Office expenses
total $22,893 · program services $2,742 · management and general $19,917 · fundraising $234
-
16 · Occupancy
total $78,377 · program services $4,955 · management and general $73,147 · fundraising $275
-
17 · Travel
total $10,256 · program services $2,833 · management and general $4,003 · fundraising $3,420
-
20 · Interest
total $755 · management and general $755
-
22 · Depreciation, depletion and amortization
total $64,939 · program services $842 · management and general $64,097
-
23 · Insurance
total $22,421 · management and general $22,421
-
24a · Other expenses: OUTREACH / RECRUITMENT
total $98,461 · program services $2,097 · fundraising $96,364
-
24b · Other expenses: ANNUAL AWARDS
total $44,527 · program services $44,527
-
24c · Other expenses: INTERNET/WEB PAGE
total $44,132 · program services $35,797 · management and general $8,335
-
24d · Other expenses: LEADERSHIP JACKSON
total $37,773 · program services $37,773
-
24e · All other expenses
total $313,262 · program services $169,443 · management and general $70,844 · fundraising $72,975
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,271,520 · end of year $873,271
-
2 · Savings and temporary cash investments
end of year $225,000
-
3 · Pledges and grants receivable
beginning of year $1,022,678 · end of year $875,658
-
4 · Accounts receivable
beginning of year $30,919 · end of year $55,269
-
9 · Prepaid expenses and deferred charges
beginning of year $2,316 · end of year $15,072
-
10a · Land, buildings and equipment: cost or other basis
$1,690,795
-
10b · Land, buildings and equipment: accumulated depreciation
$882,542
-
10c · Land, buildings and equipment, net
beginning of year $877,736 · end of year $808,253
-
15 · Other assets
beginning of year $425 · end of year $425
-
17 · Accounts payable and accrued expenses
beginning of year $27,076 · end of year $2,826
-
25 · Other liabilities
beginning of year $523,707 · end of year $549,769
-
27 · Net assets without donor restrictions
beginning of year $2,160,541 · end of year $2,131,781
-
28 · Net assets with donor restrictions
beginning of year $494,270 · end of year $168,572
Mission and programs · 2023
Mission
PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT
-
PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT WHICH CONSISTS OF MARKETING THE AREA TO POTENTIAL EMPLOYERS, DEVELOPING AND ENHANCING MINORITY AND NEW BUSNIESS PARTNERSHIPS, WORKFORCE DEVELOPMENT, JOB CREATION, AND THE OVERALL PROMOTION OF JACKSON-MADISON COUNTY AS A GREAT PLACE TO WORK, LIVE , PLAY AND DO BUSINESS.
-
DEPRECIATION
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kyle SpurgeonKYLE SPURGEON
PRESIDENT &
- Total calculated
- $253,800
- From this org
- $253,800
- From related orgs
- $0
- Other
- $0
Schedule J breakdown matched by us
- Base
- $253,800
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $253,800
-
Curtis MansfieldCURTIS MANSFIELD
SEC/TREASURE
- Total calculated
- $0
-
Bob ArringtonBOB ARRINGTON
VICE CHAIRMA
- Total calculated
- $0
-
Roger SmithROGER SMITH
CHARIMAN
- Total calculated
- $0
-
Todd SwimsTODD SWIMS
IMMEDIATE PA
- Total calculated
- $0
-
Mechele WilliamsMECHELE WILLIAMS
DIRECTOR
- Total calculated
- $0
-
Dale ThomasDALE THOMAS
DIRECTOR
- Total calculated
- $0
-
Marilyn JacksonMARILYN JACKSON
DIRECTOR
- Total calculated
- $0
-
Karley BondKARLEY BOND
DIRECTOR
- Total calculated
- $0
-
Mark CanciaMARK CANCIA
DIRECTOR
- Total calculated
- $0
-
Tina PrescottTINA PRESCOTT
DIRECTOR
- Total calculated
- $0
-
Darlette SamuelsDARLETTE SAMUELS
DIRECTOR
- Total calculated
- $0
-
Paul TaylorPAUL TAYLOR
DIRECTOR
- Total calculated
- $0
-
Andrew LongANDREW LONG
DIRECTOR
- Total calculated
- $0
-
Donna StinesDONNA STINES
DIRECTOR
- Total calculated
- $0
-
Jill TaylorJILL TAYLOR
DIRECTOR
- Total calculated
- $0
-
Josh WiggerJOSH WIGGER
DIRECTOR
- Total calculated
- $0
-
Ralph JonesRALPH JONES
DIRECTOR
- Total calculated
- $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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 December 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443479349301419
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