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← QUAD CITIES CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by QUAD CITIES CHAMBER OF COMMERCE INC.

Totals

Total revenue
$5,647,556
Total expenses
$5,816,377
Contributions and grants received
$3,890,912
Grants paid
$0
Program service revenue
$1,720,434
Investment income
$132,531
Other revenue
-$96,321
Total assets, end of year
$7,074,284
Total liabilities, end of year
$424,147
Net assets or fund balances, end of year
$6,650,137
Program services expenses (Part IX)
$4,840,013
Management and general expenses
$976,364
Fundraising expenses
$0
Program service expenses (Part III)
$4,840,013

Program services were 83.2% 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.

  • 1c · Fundraising events

    $286,425

  • 1f · All other contributions, gifts and grants

    $3,604,487

  • 2a · Program service revenue: DOWNTOWN PARTNERSHIPS

    total $1,059,905 · related or exempt $1,059,905

  • 2b · Program service revenue: BUSINESS ATTRACTION

    total $525,518 · related or exempt $525,518

  • 2c · Program service revenue: TALENT ATTACTION & DEVELOPMEN

    total $97,251 · related or exempt $97,251

  • 2d · Program service revenue: GOVERNMENT AFFIARS

    total $36,075 · related or exempt $36,075

  • 2e · Program service revenue: MEMBERSHIP RESOURCES

    total $1,685 · related or exempt $1,685

  • 3 · Investment income

    total $132,531 · excluded $132,531

  • 6a · Gross rents

    real property $53,050

  • 6b · Less rental expenses

    real property $53,050

  • 8a · Fundraising events: gross income

    $142,910

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

    $286,425

  • 8b · Fundraising events: direct expenses

    $350,320

  • 8c · Net income from fundraising events

    total -$207,410 · excluded -$207,410

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $108,839 · related or exempt $108,839

  • 11b · Other revenue: NEWSLETTER & DIRECTORY AD

    total $2,250 · unrelated business $2,250

  • 11e · Other revenue, total

    $111,089

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $118,467 · program services $59,234 · management and general $59,233

  • 6 · Compensation of disqualified persons

    total $125,944 · program services $125,944

  • 7 · Other salaries and wages

    total $2,231,963 · program services $1,989,874 · management and general $242,089

  • 8 · Pension plan contributions

    total $119,284 · program services $103,542 · management and general $15,742

  • 9 · Other employee benefits

    total $228,847 · program services $186,810 · management and general $42,037

  • 10 · Payroll taxes

    total $202,702 · program services $179,166 · management and general $23,536

  • 11b · Fees: legal

    total $13,599 · program services $1,047 · management and general $12,552

  • 11c · Fees: accounting

    total $73,639 · program services $3,633 · management and general $70,006

  • 11g · Fees: other

    total $272,213 · program services $272,213

  • 12 · Advertising and promotion

    total $196,892 · program services $165,212 · management and general $31,680

  • 13 · Office expenses

    total $82,825 · program services $7,325 · management and general $75,500

  • 14 · Information technology

    total $95,885 · management and general $95,885

  • 16 · Occupancy

    total $247,229 · program services $151,430 · management and general $95,799

  • 17 · Travel

    total $25,962 · management and general $25,962

  • 19 · Conferences, conventions and meetings

    total $13,849 · program services $13,849

  • 22 · Depreciation, depletion and amortization

    total $72,875 · program services $28,425 · management and general $44,450

  • 23 · Insurance

    total $38,371 · management and general $38,371

  • 24a · Other expenses: CONTRACT LABOR

    total $415,885 · program services $415,885

  • 24b · Other expenses: SUPPORT SERVICES

    total $369,132 · program services $369,132

  • 24c · Other expenses: DOWNTOWN PARTNERSHIP

    total $357,105 · program services $357,105

  • 24d · Other expenses: ECONOMIC DEVELOPMENT

    total $235,095 · program services $235,095

  • 24e · All other expenses

    total $278,614 · program services $175,092 · management and general $103,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,751,322 · end of year $4,183,923

  • 3 · Pledges and grants receivable

    beginning of year $30,726 · end of year $20,715

  • 4 · Accounts receivable

    beginning of year $99,696 · end of year $82,913

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,726 · end of year $85,017

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

    $502,181

  • 10b · Land, buildings and equipment: accumulated depreciation

    $275,924

  • 10c · Land, buildings and equipment, net

    beginning of year $93,243 · end of year $226,257

  • 15 · Other assets

    beginning of year $2,568,221 · end of year $2,475,459

  • 17 · Accounts payable and accrued expenses

    beginning of year $289,323 · end of year $199,564

  • 19 · Deferred revenue

    beginning of year $399,827 · end of year $224,583

  • 25 · Other liabilities

    beginning of year $164,826

  • 27 · Net assets without donor restrictions

    beginning of year $3,266,224 · end of year $2,896,823

  • 28 · Net assets with donor restrictions

    beginning of year $3,552,734 · end of year $3,753,314

Mission and programs · 2023

Mission

THE QUAD CITIES CHAMBER OF COMMERCE IS A COMBINED CHAMBER OF COMMERCE, ECONOMIC, AND COMMUNITY DEVELOPMENT ORGANIZATION SERVING THE GREATER QUAD CITIES REGION. THE QUAD CITIES CHAMBER OF COMMERCE'S MISSION IS TO STRENGTHEN AND ENHANCE THE BUSINESS ENVIRONMENT, REPRESENT THE INTERESTS OF MEMBERS, AND FOSTER BALANCED GROWTH IN THE QUAD CITIES REGION.

  • TO ADVANCE THE ECONOMIC PROSPERITY OF THE QUAD CITIES BY MARKETING THE REGION TO ATTRACT NEW INVESTMENT, SUPPORTING THE GROWTH OF EXISTING BUSINESSES, AND IMPROVING THE OVERALL BUSINESS ENVIRONMENT, WHICH INCLUDES DEVELOPMENT OF CERTAIN DOWNTOWNS WITHIN THE QUAD CITIES.

    Expenses $4,840,013 · Revenue $1,720,434

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ladrina Wilson

    CEO

    Total calculated
    $215,904
    From this org
    $215,904
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,904
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $215,904

  • Julie Forsythe

    SVP BUS & EC

    Total calculated
    $153,475
    From this org
    $123,475
    From related orgs
    $0
    Other
    $30,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,430
    Bonus
    $12,045
    Other
    not reported
    Deferred
    $30,000
    Nontaxable benefits
    not reported
    Filer's total
    $153,475

  • Jennifer Walker

    VP MARKETING

    Total calculated
    $141,998
    From this org
    $112,854
    From related orgs
    $0
    Other
    $29,144
    Hours/week
    40

  • Tami Petsche

    VP BUSINESS

    Total calculated
    $117,914
    From this org
    $106,229
    From related orgs
    $0
    Other
    $11,685
    Hours/week
    40

  • Brian Irby

    CSO

    Total calculated
    $112,998
    From this org
    $107,231
    From related orgs
    $0
    Other
    $5,767
    Hours/week
    40

  • Brietta Collier

    CFO

    Total calculated
    $84,125
    From this org
    $80,704
    From related orgs
    $0
    Other
    $3,421
    Hours/week
    40

  • Debbie Anselm

    PAST CHAIR

    Total calculated
    $0

  • Jennifer Bennett

    DIRECTOR

    Total calculated
    $0

  • Pryce Boeye

    DIRECTOR

    Total calculated
    $0

  • Amy Crist

    DIRECTOR

    Total calculated
    $0

  • Mara Downing

    CHAIR

    Total calculated
    $0

  • Laura Ekizian

    DIRECTOR

    Total calculated
    $0

  • Molly Foley

    SECRETARY

    Total calculated
    $0

  • Mo Hyder

    DIRECTOR

    Total calculated
    $0

  • Ben Keith

    VICE CHAIR

    Total calculated
    $0

  • Alvaro Macias

    DIRECTOR

    Total calculated
    $0

  • Randy Moore

    DIRECTOR

    Total calculated
    $0

  • Jazmin Newton

    DIRECTOR

    Total calculated
    $0

  • Amy Novak

    DIRECTOR

    Total calculated
    $0

  • Jerred Pauwels

    DIRECTOR

    Total calculated
    $0

  • John Riches

    DIRECTOR

    Total calculated
    $0

  • John Ruhl

    DIRECTOR

    Total calculated
    $0

  • Caitlin Russell

    TREASURER

    Total calculated
    $0

  • Beth Tinsman

    DIRECTOR

    Total calculated
    $0

  • Jordan Voight

    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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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.

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.

  • QUAD CITIES COMMUNITY PARTNERSHIP

    CATALYST · DE · income $2,888,105 · assets $4,085,644

Provenance

Return type
form_990
Tax year
2023
Filed
24 February 2025
IRS schema version
2023v6.0
Source object
202500569349301570

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