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Nonprofiteer
← ALAMOGORDO CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by ALAMOGORDO CHAMBER OF COMMERCE INC.

Totals

Total revenue
$266,217
Total expenses
$252,968
Contributions and grants received
$266,217
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$266,480
Total liabilities, end of year
$106,944
Net assets or fund balances, end of year
$159,536
Program services expenses (Part IX)
$242,378
Management and general expenses
$9,775
Fundraising expenses
not reported
Program service expenses (Part III)
$242,378

Program services were 95.8% 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.

  • 1b · Membership dues

    $118,071

  • 1c · Fundraising events

    $10,059

  • 1d · Related organizations

    $6,750

  • 1f · All other contributions, gifts and grants

    $131,337

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

    $10,059

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 $63,894 · program services $63,894

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $72,633 · program services $72,633

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $14,121 · program services $14,121

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,775 · management and general $9,775

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $14,473 · program services $14,473

  • 13 · Office expenses

    total $8,086 · program services $8,086

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $15,809 · program services $15,809

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $7,400 · program services $7,400

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $815

  • 23 · Insurance

    total $16,044 · program services $16,044

  • 24a · Other expenses: WIRELESS COMMUNICATION

    total $13,641 · program services $13,641

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $657 · program services $657

  • 24c · Other expenses: REPAIRS MAINTENANCE

    total $4,225 · program services $4,225

  • 24d · Other expenses: CONSULTANTS

    total $5,483 · program services $5,483

  • 24e · All other expenses

    total $5,912 · program services $5,912

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,858 · end of year $85,786

  • 2 · Savings and temporary cash investments

    beginning of year $66,511 · end of year $85,070

  • 4 · Accounts receivable

    beginning of year $19,359 · end of year $66,117

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

    $224,911

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

    $195,404

  • 10c · Land, buildings and equipment, net

    beginning of year $29,338 · end of year $29,507

  • 19 · Deferred revenue

    beginning of year $2,950

  • 25 · Other liabilities

    beginning of year $111,829 · end of year $106,944

  • 27 · Net assets without donor restrictions

    beginning of year $120,101 · end of year $132,169

  • 28 · Net assets with donor restrictions

    beginning of year $26,186 · end of year $27,367

Mission and programs · 2023

Mission

TO SERVE OUR MEMBERS BY PROMOTING BUSINESSES, COMMERCE AND COMMUNITY DEVELOPMENT, STRENGTHEN THE BUSINESS CLIMATE AND BUILD A BETTER ALAMOGORDO. WE WELCOME AND ASSIST NEWCOMERS, ENTREPRENEURS AND VISITORS.

  • THE ORGANIZATION HOSTS ACTIVITIES AND EVENTS THROUGHOUT THE YEAR WHICH PROMOTE BUSINESS AND ECONOMIC GROWTH AS WELL AS NETWORKING OPPORTUNITIES FOR BUSINESS. WE HOLD TRAINING CLASSES FOR NEW MEMBERS TO HELP PROMOTE THEIR BUSINESSES.

    Expenses $242,378 · Revenue $266,217

As filed on the 2023 return.

Listed in Part VII

  • Jerrett Perry

    EXECUTIVE DIRECTOR

    Total calculated
    $62,596
    From this org
    $62,596
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gb Oliver III

    EXECUTIVE DIRECTOR

    Total calculated
    $1,298
    From this org
    $1,298
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lorrie Black

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Nick Paul

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Amy Tillotson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Sue Danekas

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    5

  • Trisha Roberts

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Edward McDonald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Vince Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Danielle Rondelez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rb Nichols

    BOARDMEMBER

    Total calculated
    $0
    Hours/week
    5

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.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202442539349300039

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