Form 990 for tax year 2024
Filed by HUNTSVILLE-MADISON COUNTY CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $1,773,181
- Total expenses
- $1,676,573
- Contributions and grants received
- $1,688,821
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $84,360
- Other revenue
- $0
- Total assets, end of year
- $2,328,516
- Total liabilities, end of year
- $2,048,119
- Net assets or fund balances, end of year
- $280,397
- Program services expenses (Part IX)
- $1,644,311
- Management and general expenses
- $32,262
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,644,311
Program services were 98.1% 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
$1,688,821
-
3 · Investment income
total $84,360 · related or exempt $84,360
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $8,082 · management and general $8,082
-
12 · Advertising and promotion
total $17,202 · program services $17,202
-
13 · Office expenses
total $1,602 · program services $1,254 · management and general $348
-
24a · Other expenses: HCS - IMPROVEMENTS
total $1,045,250 · program services $1,045,250
-
24b · Other expenses: HCS- SALARY & BENEFIT R
total $405,441 · program services $405,441
-
24c · Other expenses: GRANT ADMINISTRATION
total $105,813 · program services $105,813
-
24d · Other expenses: VETERAN RECRUITMENT
total $41,500 · program services $41,500
-
24e · All other expenses
total $51,683 · program services $27,851 · management and general $23,832
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $231,709 · end of year $347,079
-
4 · Accounts receivable
beginning of year $3,802 · end of year $3,013
-
9 · Prepaid expenses and deferred charges
beginning of year $10,000 · end of year $300
-
15 · Other assets
beginning of year $2,341,738 · end of year $1,978,124
-
17 · Accounts payable and accrued expenses
beginning of year $50,092 · end of year $69,995
-
19 · Deferred revenue
beginning of year $11,630
-
25 · Other liabilities
beginning of year $2,341,738 · end of year $1,978,124
-
27 · Net assets without donor restrictions
beginning of year $183,789 · end of year $280,397
Mission and programs · 2024
Mission
THE ORGANIZATION EXISTS TO SUPPORT LOCAL EDUCATIONAL PROGRAMS.
Activities or mission (Part I)
SUPPORT OF LOCAL EDUCATIONAL PROGRAMS
-
THE FOUNDATION PROVIDED WORKFORCE AND EDUCATION TRAINING OPPORTUNITIES FOR THE AREA THROUGH VARIOUS PROGRAMS AND INITIATIVES.
Expenses $1,644,311
As filed on the 2024 return.
Listed in Part VII
-
DANI LATHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RON POTEAT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEY WIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EDDIE MIDGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MEAGAN ROEGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RANDALL 'GLINT' CARTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GRAHAM FOSTER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
TARA JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHELLE JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALLISON RHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELISE TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREG BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DONALD C CHERRY JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
ELIZABETH FLEMING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CAROLYN HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JIMMY HODGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEN KUBIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SEAN MAGERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEPHANIE MCCULLOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHELE MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ED NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS HANBACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEANNE GREER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LYNN TROY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LYNDSAY FERGUSON
DIRECTOR
- 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.
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.
-
CHAMBER OF COMMERCE OF HUNTSVILLEMADISON COUNTY INC
PROMOTION AND DEVELOPMENT OF CIVIC AND ECONOMIC INTERESTS · AL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533119349301123
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