Form 990 for tax year 2022
Filed by KINGSPORT CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $760,882
- Total expenses
- $752,339
- Contributions and grants received
- $488,998
- Grants paid
- $0
- Program service revenue
- $268,518
- Investment income
- $0
- Other revenue
- $3,366
- Total assets, end of year
- $189,032
- Total liabilities, end of year
- $80,201
- Net assets or fund balances, end of year
- $108,831
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $752,339
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
$431,699
-
1f · All other contributions, gifts and grants
$57,299
-
2a · Program service revenue: Member Services/Other
total $268,518 · related or exempt $268,518
-
10a · Gross sales of inventory
$9,260
-
10b · Cost of goods sold
$5,894
-
10c · Net income from sales of inventory
total $3,366
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $368,327
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $19,183
-
9 · Other employee benefits
total $46,652
-
10 · Payroll taxes
total $28,891
-
11a · Fees: management
total $11,500
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $6,158
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $55,000
-
17 · Travel
total $1,181
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,482
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: See attached
total $212,965
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $224,754 · end of year $139,497
-
4 · Accounts receivable
beginning of year $14,592 · end of year $45,630
-
9 · Prepaid expenses and deferred charges
end of year $3,905
-
17 · Accounts payable and accrued expenses
beginning of year $109,723 · end of year $72,372
-
19 · Deferred revenue
beginning of year $29,335 · end of year $7,829
-
27 · Net assets without donor restrictions
beginning of year $90,288 · end of year $103,831
-
28 · Net assets with donor restrictions
beginning of year $10,000 · end of year $5,000
Mission and programs · 2022
Mission
The Chambers primary purpose is community service and community promotion. It makes available various programs to benefit local businesses and provides programs of information and publicity to attract visitors to the region.
Activities or mission (Part I)
The Chambers primpary purpose is comunity service and promotion. It makes available varoius programs to benefit local businessess and provides programs of information and publicity to attract visitors to the region.
-
Community Service - offers various programs to benefit local businesses
Expenses $752,339
As filed on the 2022 return.
Listed in Part VII
-
Stephen LaHair
Immediate Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kindle Conkin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ramona Jackson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
CeeGee McCord
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brian Miller
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Russ Rogers
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tom Segelhorst
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Andy Wampler
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Keith Wilson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Etta Clark
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bob Feathers
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Monty McLaurin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Julie Bennett
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Miles Burdine
CEO/Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Don Royston
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Lori Arnold
Chair Elect
- Total calculated
- $0
- Hours/week
- 2
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.
-
501 c 3 · Common paymaster · TN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342059349300414
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