Form 990 for tax year 2022
Filed by FORT SMITH REGIONAL CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,347,811
- Total expenses
- $1,684,510
- Contributions and grants received
- $327,000
- Grants paid
- $0
- Program service revenue
- $957,556
- Investment income
- $4,713
- Other revenue
- $58,542
- Total assets, end of year
- $3,228,591
- Total liabilities, end of year
- $334,931
- Net assets or fund balances, end of year
- $2,893,660
- Program services expenses (Part IX)
- $1,217,240
- Management and general expenses
- $422,270
- Fundraising expenses
- $45,000
- Program service expenses (Part III)
- $1,217,240
Program services were 72.3% 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.
-
1e · Government grants (contributions)
$327,000
-
2a · Program service revenue: MEMBERSHIP DUES
total $514,139 · related or exempt $514,139
-
2b · Program service revenue: EVENT REVENUE
total $443,417 · related or exempt $443,417
-
3 · Investment income
total $4,713 · excluded $4,713
-
11a · Other revenue: MISCELLANEOUS INCOME
total $51,753 · related or exempt $51,753
-
11b · Other revenue: TRANSFER
total $6,789 · related or exempt $6,789
-
11e · Other revenue, total
$58,542
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $659,974 · program services $409,430 · management and general $218,932 · fundraising $31,612
-
9 · Other employee benefits
total $49,365 · program services $31,705 · management and general $15,358 · fundraising $2,302
-
10 · Payroll taxes
total $43,137 · program services $26,781 · management and general $14,385 · fundraising $1,971
-
11c · Fees: accounting
total $77,352 · program services $46,091 · management and general $31,261
-
12 · Advertising and promotion
total $7,203 · program services $4,587 · management and general $2,616
-
13 · Office expenses
total $18,297 · program services $11,351 · management and general $6,069 · fundraising $877
-
16 · Occupancy
total $19,309 · program services $13,517 · management and general $4,827 · fundraising $965
-
17 · Travel
total $34,659 · program services $34,114 · management and general $545
-
22 · Depreciation, depletion and amortization
total $44,719 · program services $31,536 · management and general $10,986 · fundraising $2,197
-
23 · Insurance
total $69,871 · program services $44,815 · management and general $22,437 · fundraising $2,619
-
24a · Other expenses: FSEIF - GRANT EXPENSE
total $365,010 · program services $365,010
-
24b · Other expenses: MEETINGS
total $192,601 · program services $140,326 · management and general $52,275
-
24c · Other expenses: COMPUTER EQUIPMENT AND MA
total $21,475 · program services $13,322 · management and general $7,124 · fundraising $1,029
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $20,042 · program services $15,417 · management and general $4,625
-
24e · All other expenses
total $61,496 · program services $29,238 · management and general $30,830 · fundraising $1,428
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,441,073 · end of year $1,174,301
-
2 · Savings and temporary cash investments
beginning of year $1,451,066 · end of year $1,452,454
-
3 · Pledges and grants receivable
beginning of year $243,734 · end of year $150,000
-
4 · Accounts receivable
beginning of year $27,295 · end of year $34,283
-
9 · Prepaid expenses and deferred charges
beginning of year $4,532 · end of year $4,745
-
10a · Land, buildings and equipment: cost or other basis
$1,019,522
-
10b · Land, buildings and equipment: accumulated depreciation
$631,597
-
10c · Land, buildings and equipment, net
beginning of year $427,349 · end of year $387,925
-
14 · Intangible assets
end of year $24,883
-
17 · Accounts payable and accrued expenses
beginning of year $62,874 · end of year $39,709
-
19 · Deferred revenue
beginning of year $251,816 · end of year $270,339
-
25 · Other liabilities
beginning of year $50,000 · end of year $24,883
-
27 · Net assets without donor restrictions
beginning of year $1,547,279 · end of year $1,838,397
-
28 · Net assets with donor restrictions
beginning of year $1,683,080 · end of year $1,055,263
Mission and programs · 2022
Mission
TO SERVE AS CATALYST FOR THE CONTINUAL IMPROVEMENT OF THE QUALITY OF LIFE AND THE ECONOMIC WELL-BEING OF THE CITIZENS OF THE FORT SMITH AREA
-
ENCOURAGE AND ASSIST COMMERCIAL, INDUSTRIAL AND CIVIC DEVELOPMENT IN THE FORT SMITH, ARKANSAS AREA.
Expenses $1,217,240 · Revenue $957,556
As filed on the 2022 return.
Listed in Part VII
-
Jeffrey CarrierJEFFREY CARRIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ed FordED FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carl GeffkenCARL GEFFKEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Col Jeremiah GentryCOL JEREMIAH GENTRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stuart W GhanSTUART W GHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Col David L GibbonsCOL DAVID L GIBBONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason GreenJASON GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacy GreeneSTACY GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GriffinMICHAEL GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eddie Lee HerndonEDDIE LEE HERNDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roger HolroydROGER HOLROYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rich KrutschRICH KRUTSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith LauKEITH LAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aaron LittlefieldAARON LITTLEFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George McGillGEORGE MCGILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jackson MendenhallJACKSON MENDENHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Terry MorawskiDR TERRY MORAWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chip ParisCHIP PARIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike PateMIKE PATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dalton PersonDALTON PERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phillip PostonPHILLIP POSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Curtis RalstonCURTIS RALSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick RemyNICK REMY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Terisa RileyDR TERISA RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tonya SarllsTONYA SARLLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian SchneiderBRIAN SCHNEIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jake SibleyJAKE SIBLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacie SmithSTACIE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce StantonBRUCE STANTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kayembe TshitengeKAYEMBE TSHITENGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandon WallBRANDON WALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phil WhitePHIL WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
FORT SMITH CHAMBER EDUC DEVEL FOUND
501C · INVESTMENT · AR
Directly controlled by 9
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
FORT SMITH ECONOMIC INFRASTRUCTURE
SUPPORT · AR · income $327,000 · assets $66,684
Directly controlled by FS CHAMBER
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332869349300638
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