Form 990 for tax year 2023
Filed by LANSING REGIONAL CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,830,663
- Total expenses
- $1,896,869
- Contributions and grants received
- $0
- Grants paid
- $1,254
- Program service revenue
- $1,684,078
- Investment income
- $28,016
- Other revenue
- $118,569
- Total assets, end of year
- $1,827,906
- Total liabilities, end of year
- $1,202,099
- Net assets or fund balances, end of year
- $625,807
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $863,438 · related or exempt $863,438
-
2b · Program service revenue: SERVICE FEES
total $702,249 · related or exempt $702,249
-
2c · Program service revenue: ADVERTISING
total $95,379 · unrelated business $95,379
-
2d · Program service revenue: ATHENA HALL OF FAME
total $23,012 · related or exempt $23,012
-
3 · Investment income
total $28,016 · excluded $28,016
-
5 · Royalties
total $17,085 · excluded $17,085
-
11a · Other revenue: INSURANCE PROGRAM ADMI
total $100,000 · unrelated business $100,000
-
11b · Other revenue: MISC REVENUE
total $1,484 · related or exempt $1,484
-
11e · Other revenue, total
$101,484
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,254
-
5 · Compensation of officers, directors and key employees
total $251,516
-
7 · Other salaries and wages
total $560,895
-
8 · Pension plan contributions
total $2,658
-
9 · Other employee benefits
total $34,812
-
10 · Payroll taxes
total $57,093
-
11c · Fees: accounting
total $51,238
-
11d · Fees: lobbying
total $49,306
-
11g · Fees: other
total $184,938
-
13 · Office expenses
total $125,293
-
16 · Occupancy
total $165,679
-
17 · Travel
total $19,056
-
19 · Conferences, conventions and meetings
total $283,943
-
22 · Depreciation, depletion and amortization
total $16,650
-
23 · Insurance
total $7,653
-
24a · Other expenses: WIN EXPENSES
total $55,638
-
24b · Other expenses: CREDIT CARD/BANK FEES
total $18,353
-
24c · Other expenses: MISCELLANEOUS
total $10,894
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $252,448 · end of year $368,312
-
2 · Savings and temporary cash investments
beginning of year $644,950 · end of year $702,847
-
4 · Accounts receivable
beginning of year $40,184 · end of year $73,729
-
9 · Prepaid expenses and deferred charges
beginning of year $20,695 · end of year $28,513
-
10a · Land, buildings and equipment: cost or other basis
$144,863
-
10b · Land, buildings and equipment: accumulated depreciation
$116,402
-
10c · Land, buildings and equipment, net
beginning of year $45,111 · end of year $28,461
-
15 · Other assets
beginning of year $863,454 · end of year $626,044
-
17 · Accounts payable and accrued expenses
beginning of year $37,371 · end of year $126,654
-
19 · Deferred revenue
beginning of year $487,450 · end of year $449,401
-
25 · Other liabilities
beginning of year $763,454 · end of year $626,044
-
27 · Net assets without donor restrictions
beginning of year $441,223 · end of year $563,463
-
28 · Net assets with donor restrictions
beginning of year $137,344 · end of year $62,344
Mission and programs · 2023
Mission
THE MISSION OF THE CHAMBER IS TO CREATE A VIBRANT ECONOMIC ENVIRONMENT IN THE LANSING REGION BY SUPPORTING EXISTING BUSINESS, ATTRACTING NEW BUSINESSES AND WORKING WITH ELECTED OFFICIALS.
Activities or mission (Part I)
TO PROMOTE THE CIVIC, ECONOMIC, & SOCIAL WELFARE OF THE PEOPLE IN THE CITY OF LANSING AND VICINITY.
-
THE CHAMBER PROVIDES VARIOUS MEMBERSHIP SERVICES, GOVERNMENT RELATIONS, BUSINESS NETWORKING, AND BUSINESS EDUCATION ALLIANCES. THE ACTIVITIES OF THE CHAMBER INCLUDE VARIOUS MEMBERSHIP AND RELATED SERVICES. THE ECONOMIC DEVELOPMENT PROGRAM WAS ESTABLISHED TO INITIATE A MARKETING AND EDUCATIONAL EFFORT TO ATTRACT NEW INVESTMENT TO THE LANSING AREA. PROGRAMS ARE PROVIDED ON MONTHLY, QUARTERLY AND ANNUAL BASIS. AN AVERAGE OF 500 ATTENDEES PER MONTH BENEFIT FROM CHAMBER PROGRAMS.
As filed on the 2023 return.
Listed in Part VII
-
Tim DamanTIM DAMAN
PRESIDENT
- Total calculated
- $191,735
- From this org
- $176,208
- From related orgs
- $0
- Other
- $15,527
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,208
- Bonus
- $0
- Other
- $0
- Deferred
- $5,286
- Nontaxable benefits
- $10,241
- Filer's total
- $191,735
-
Arnie KeyesARNIE KEYES
COO (ENDED 7/9/23)
- Total calculated
- $59,781
- From this org
- $58,040
- From related orgs
- $0
- Other
- $1,741
- Hours/week
- 40
-
Tom RuisTOM RUIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chaz CarrilloCHAZ CARRILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris SellCHRIS SELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Webb SharpeLISA WEBB SHARPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave ZybleDAVE ZYBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer BigelowJENNIFER BIGELOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kathleen WilburDR KATHLEEN WILBUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susi ElkinsSUSI ELKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Debbie HorakDEBBIE HORAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David LewisDAVID LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tina BrumleyTINA BRUMLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve QuinlanSTEVE QUINLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Van MartinVAN MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe RuthJOE RUTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glenn GrangerGLENN GRANGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff MettsJEFF METTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim FarrellJIM FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roger GraffROGER GRAFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith GrangerKEITH GRANGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin ZielkeKEVIN ZIELKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Ellen SmithLISA ELLEN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob TreziseBOB TREZISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Alane Laws BarkerDR ALANE LAWS BARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd SurlineTODD SURLINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle MasseyMICHELLE MASSEY
DIVISION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk RayKIRK RAY
DIVISION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly PrestonKELLY PRESTON
DIVISION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy ScobyAMY SCOBY
DIVISION DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike ZamiaraMIKE ZAMIARA
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy HamiltonWENDY HAMILTON
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Luke TerryLUKE TERRY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mark BurzychMARK BURZYCH
LEGAL COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
Lisa O'ConnorLISA O'CONNOR
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Matt ReschMATT RESCH
CHAIR
- 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. 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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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.
-
LANSING REGIONAL DEVELOPMENT FOUNDATION
501(C)(3) · EDUCATIONAL ADVANCEMENT · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423039349302512
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