Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,434,276

• 1f · All other contributions, gifts and grants

  $16,058

• 2a · Program service revenue: DUES - PROGRAM SERVICES

  total $940,401 · related or exempt $940,401

• 2b · Program service revenue: AIRSHOW

  total $698,379 · related or exempt $698,379

• 2c · Program service revenue: ANNUAL LUNCHEON

  total $152,035 · related or exempt $152,035

• 2d · Program service revenue: INTERNAL PUBLICATIONS

  total $142,681 · related or exempt $79,835 · unrelated business $62,846

• 2e · Program service revenue: CELEBRATE BUSINESS LUNCHEON

  total $123,220 · related or exempt $123,220

• 2f · All other program service revenue

  total $617,118 · related or exempt $617,118

• 3 · Investment income

  total $66,581 · excluded $66,581

• 11a · Other revenue: MISCELLANEOUS

  total $8,316 · related or exempt $8,316

• 11e · Other revenue, total

  $8,316

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $340,301

• 7 · Other salaries and wages

  total $1,226,987

• 8 · Pension plan contributions

  total $73,903

• 9 · Other employee benefits

  total $117,401

• 10 · Payroll taxes

  total $110,356

• 11b · Fees: legal

  total $818

• 11c · Fees: accounting

  total $21,263

• 11g · Fees: other

  total $157,688

• 12 · Advertising and promotion

  total $406,788

• 13 · Office expenses

  total $147,801

• 16 · Occupancy

  total $288,254

• 17 · Travel

  total $140,261

• 19 · Conferences, conventions and meetings

  total $316,420

• 22 · Depreciation, depletion and amortization

  total $35,396

• 23 · Insurance

  total $53,264

• 24a · Other expenses: EVENT PROMOTION

  total $662,850

• 24b · Other expenses: AIRSHOW

  total $361,633

• 24c · Other expenses: MAINTENANCE

  total $154,841

• 24d · Other expenses: PUBLIC RELATIONS

  total $113,042

• 24e · All other expenses

  total $144,031

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $371,880 · end of year $430,761

• 2 · Savings and temporary cash investments

  beginning of year $1,925,778 · end of year $1,774,344

• 4 · Accounts receivable

  beginning of year $447,320 · end of year $659,444

• 9 · Prepaid expenses and deferred charges

  beginning of year $185,460 · end of year $205,815

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

  $208,487

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

  $152,979

• 10c · Land, buildings and equipment, net

  beginning of year $63,829 · end of year $55,508

• 15 · Other assets

  beginning of year $2,548,543 · end of year $2,377,133

• 17 · Accounts payable and accrued expenses

  beginning of year $577,865 · end of year $455,922

• 19 · Deferred revenue

  beginning of year $686,322 · end of year $608,927

• 25 · Other liabilities

  beginning of year $2,713,835 · end of year $2,547,601

• 27 · Net assets without donor restrictions

  beginning of year $1,564,788 · end of year $1,890,555

The filer's explanations (Part III)

PART I, LINE 1A

HEALTH AND GOLF CLUB MEMBERSHIPS ARE PROVIDED FOR CHAMBER BUSINESS TO THE PRESIDENT AND VICE PRESIDENTS. ANY EXPENSES INCURRED THAT ARE NOT RELATED TO THE CHAMBER'S BUSINESS ARE PAID FOR PERSONALLY BY THE INDIVIDUALS.