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← COLUMBUS AREA CHAMBER FOUNDATION INC

Form 990 for tax year 2022

Filed by COLUMBUS AREA CHAMBER FOUNDATION INC.

Totals

Total revenue
$236,523
Total expenses
$163,885
Contributions and grants received
$223,234
Grants paid
$32,986
Program service revenue
$0
Investment income
$0
Other revenue
$13,289
Total assets, end of year
$384,306
Total liabilities, end of year
$47,561
Net assets or fund balances, end of year
$336,745
Program services expenses (Part IX)
$157,725
Management and general expenses
$6,160
Fundraising expenses
$0
Program service expenses (Part III)
$157,725

Program services were 96.2% 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.

  • 1f · All other contributions, gifts and grants

    $223,234

  • 11a · Other revenue: MISCELLANEOUS

    total $13,289 · related or exempt $13,289

  • 11e · Other revenue, total

    $13,289

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,986 · program services $32,986

  • 11c · Fees: accounting

    total $8,227 · program services $2,067 · management and general $6,160

  • 12 · Advertising and promotion

    total $1,240 · program services $1,240

  • 13 · Office expenses

    total $16,071 · program services $16,071

  • 16 · Occupancy

    total $18,000 · program services $18,000

  • 22 · Depreciation, depletion and amortization

    total $8,589 · program services $8,589

  • 23 · Insurance

    total $5,097 · program services $5,097

  • 24a · Other expenses: EVENT EXPENSE

    total $23,006 · program services $23,006

  • 24b · Other expenses: UTILITIES

    total $22,666 · program services $22,666

  • 24c · Other expenses: MAINTENANCE

    total $9,523 · program services $9,523

  • 24d · Other expenses: CONTRACT SERVICES

    total $9,473 · program services $9,473

  • 24e · All other expenses

    total $9,007 · program services $9,007

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $302,305 · end of year $172,958

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

    $191,573

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

    $8,589

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $182,984

  • 15 · Other assets

    beginning of year $0 · end of year $28,364

  • 17 · Accounts payable and accrued expenses

    beginning of year $198 · end of year $11,697

  • 18 · Grants payable

    beginning of year $32,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $35,864

  • 27 · Net assets without donor restrictions

    beginning of year -$9,333 · end of year $161,823

  • 28 · Net assets with donor restrictions

    beginning of year $279,440 · end of year $174,922

Mission and programs · 2022

Mission

THE COLUMBUS AREA CHAMBER FOUNDATION IS COMPRISED OF VARIOUS PROGRAMS THAT PERFORM VARIOUS FUNCTIONS INCLUDING LEADERSHIP TRAINING AND HUMAN RESOURCES ADMINISTRATION.

Activities or mission (Part I)

TO ORGANIZE ECONOMIC PROGRAMS TO BENEFIT THE RESIDENTS OF COLUMBUS/BARTHOLOMEW COUNTY.

  • THE COLUMBUS PROPELLER WAS FORMED IN MARCH 2021 TO CREATE A MAKERSPACE FOR THE COMMUNITY. TARGETED INVESTMENT IN MINORITY ENTREPRENEURS (TIME) WAS CREATED TO BUILD FINANCIAL BRIDGES AND INCREASE THE LIKELIHOOD OF SUCCESS FOR LOCAL MINORITY ENTREPRENEURS. THE FOUNDATION RECEIVES THE FUNDING FOR TIME AND MANAGES THE EXPENSES. VELOCITIES IS A REGIONAL PARTNERSHIP WITH ELEVATE VENTURES AND THE MILL BASED IN BLOOMINGTON. VELOCITIES OFFERS ONE-ON-ONE MENTORING AND EARLY STAGE CAPITAL AND EDUCATIONAL PROGRAMS. THE FOUNDATION IS THE FISCAL AGENT FOR ALL THREE PROGRAM.

    Expenses $157,725 · Grants $32,986 · Revenue $13,289

As filed on the 2022 return.

Listed in Part VII

  • John Sadtler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael McIver

    BOARD PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mandy Wyant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tara Board

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Frey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steven Engelstad

    BOARD MEMBER

    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

  • PLATINUM DETAIL

    $7,500

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • COLUMBUS INDIANA PARTY RENTALS

    $5,999

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323149349301867

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