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Nonprofiteer
← FAIRBORN AREA CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by FAIRBORN AREA CHAMBER OF COMMERCE.

Totals

Total revenue
$184,097
Total expenses
$188,562
Contributions and grants received
$40,960
Grants paid
$0
Program service revenue
$141,190
Investment income
$1,947
Other revenue
$0
Total assets, end of year
$315,065
Total liabilities, end of year
$3,749
Net assets or fund balances, end of year
$311,316
Program services expenses (Part IX)
$188,562
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$188,562

Program services were 100.0% 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

    $40,960

  • 2a · Program service revenue: SERVICE EVENTS

    total $141,190 · related or exempt $141,190

  • 3 · Investment income

    total $5,330 · excluded $5,330

  • 7a · Gross sales of assets other than inventory

    securities $16,470

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

    securities $19,853

  • 7c · Gain or loss

    securities -$3,383

  • 7d · Net gain or loss

    total -$3,383 · excluded -$3,383

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $86,256 · program services $86,256

  • 10 · Payroll taxes

    total $7,708 · program services $7,708

  • 11b · Fees: legal

    total $795 · program services $795

  • 11c · Fees: accounting

    total $3,122 · program services $3,122

  • 12 · Advertising and promotion

    total $560 · program services $560

  • 13 · Office expenses

    total $13,277 · program services $13,277

  • 19 · Conferences, conventions and meetings

    total $35 · program services $35

  • 23 · Insurance

    total $1,441 · program services $1,441

  • 24a · Other expenses: PROGRAM SERVICES EXPENSES

    total $70,353 · program services $70,353

  • 24b · Other expenses: TELEPHONE

    total $1,558 · program services $1,558

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $250 · program services $250

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $724 · program services $724

  • 24e · All other expenses

    total $2,483 · program services $2,483

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $39,368 · end of year $56,543

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

    $142,715

  • 10c · Land, buildings and equipment, net

    beginning of year $142,625 · end of year $142,715

  • 11 · Investments: publicly traded securities

    beginning of year $122,684 · end of year $115,807

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,600 · end of year $3,749

  • 31 · Retained earnings, endowment or other funds

    beginning of year $299,077 · end of year $311,316

Mission and programs · 2024

Mission

TO PROMOTE A HEALTHY BUSINESS CLIMATE

  • MEMBERS OF THE BUSINESS COMMUNITY HAVE COORDINATED SOCIAL, PROFESSIONAL, EDUCATIONAL, AND OTHER BUSINESS EVENTS WHERE THE STATUS OF THE COMMUNITY OF FAIRBORN HAS BEEN ENHANCED.

    Expenses $188,562 · Revenue $141,190

As filed on the 2024 return.

Listed in Part VII

  • Brenda Smith

    IMMEDIATE PAST PRESDIENT

    Total calculated
    $0
    Hours/week
    5

  • Amanda Speakman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Greg Nijak

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Carrie Martin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jason Erdmann

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

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
2024
Filed
7 May 2025
IRS schema version
2024v5.1
Source object
202541679349300889

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