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Nonprofiteer
← BEDFORD CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by BEDFORD CHAMBER OF COMMERCE.

Totals

Total revenue
$178,730
Total expenses
$187,419
Contributions and grants received
$915
Grants paid
$0
Program service revenue
$118,437
Investment income
$2,528
Other revenue
$56,850
Total assets, end of year
$419,425
Total liabilities, end of year
$34,201
Net assets or fund balances, end of year
$385,224
Program services expenses (Part IX)
$158,936
Management and general expenses
$10,579
Fundraising expenses
$17,904
Program service expenses (Part III)
$158,936

Program services were 84.8% 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.

  • 1f · All other contributions, gifts and grants

    $915

  • 2a · Program service revenue: MEMBERSHIP

    total $108,583 · excluded $108,583

  • 2b · Program service revenue: HTC LEADERSHIP

    total $5,200 · excluded $5,200

  • 2c · Program service revenue: BUSINESS AFTER HOURS

    total $4,200 · excluded $4,200

  • 2d · Program service revenue: CREDIT CARD FEE

    total $454 · excluded $454

  • 3 · Investment income

    total $2,528 · excluded $2,528

  • 8a · Fundraising events: gross income

    $29,850

  • 8c · Net income from fundraising events

    total $29,850

  • 11a · Other revenue: LCEGC REIMBURSEMENT

    total $27,000 · excluded $27,000

  • 11e · Other revenue, total

    $27,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $73,930 · program services $73,930

  • 10 · Payroll taxes

    total $5,835 · program services $2,917 · management and general $1,459 · fundraising $1,459

  • 11c · Fees: accounting

    total $9,120 · management and general $9,120

  • 11g · Fees: other

    total $23,000 · program services $23,000

  • 16 · Occupancy

    total $11,741 · program services $11,741

  • 17 · Travel

    total $1,011 · program services $1,011

  • 19 · Conferences, conventions and meetings

    total $4,327 · program services $4,327

  • 22 · Depreciation, depletion and amortization

    total $7,840 · program services $7,840

  • 24a · Other expenses: ANNUAL DINNER

    total $9,766 · fundraising $9,766

  • 24b · Other expenses: TECHNOLOGY

    total $9,737 · program services $9,737

  • 24c · Other expenses: OFFICE SUPPLIES

    total $7,028 · program services $7,028

  • 24d · Other expenses: MARKETING

    total $6,437 · program services $4,828 · fundraising $1,609

  • 24e · All other expenses

    total $17,647 · program services $12,577 · fundraising $5,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,048 · end of year $125,369

  • 2 · Savings and temporary cash investments

    beginning of year $140,858 · end of year $143,843

  • 4 · Accounts receivable

    beginning of year $259 · end of year $5,741

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

    $321,491

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

    $177,019

  • 10c · Land, buildings and equipment, net

    beginning of year $159,177 · end of year $144,472

  • 17 · Accounts payable and accrued expenses

    end of year $1,454

  • 25 · Other liabilities

    beginning of year $34,562 · end of year $32,747

  • 31 · Retained earnings, endowment or other funds

    beginning of year $400,780 · end of year $385,224

Mission and programs · 2024

Mission

TO PROMOTE TRADE, INDUSTRY, TOURISM AND QUALITY OF LIFE IN BEDFORD-LAWRENCE COUNTY, AND CREATE AN ENVIRONMENT TO ADVANCE BUSINESS AND CIVIC INTERESTS.

  • THE CHAMBER PROMOTES BUSINESSES AND EMPLOYMENT OPPORTUNITIES IN LAWRENCE COUNTY, BEDFORD, INDIANA. THE CHAMBER OFFERS BUSINESS NETWORKING OPPORTUNITIES WITH THE BUSINESS BEFORE AND AFTER HOURS PROGRAMS, DIRECTORY SALES GUIDE, AND THE "BUY-INDIANA" PROGRAM.

    Expenses $158,936

  • PROMOTE TRADE, INDUSTRY, TOURISM AND QUALITY OF LIFE IN BEDFORD-LAWRENCE COUNTY, INDIANA.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Katherine Beauchamp

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Ashlynne Bender

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Kim Burgess

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Victoria Dinges

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Eugene Kim

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jarad King

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Tyson Knight

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kristi Kyger

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Leah Lynch

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Jade McCracken

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Tony Mottley

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Kelly Nicol

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Alyssa Prince

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alana Rainey

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Brandi Weyer

    BOD

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 August 2025
IRS schema version
2024v5.0
Source object
202502309349301205

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