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Nonprofiteer
← BAY AREA CHAMBER FOUNDATION INC

Form 990 for tax year 2022

Filed by BAY AREA CHAMBER FOUNDATION INC.

Totals

Total revenue
$208,988
Total expenses
$217,631
Contributions and grants received
$208,988
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$200,050
Total liabilities, end of year
$173,546
Net assets or fund balances, end of year
$26,504
Program services expenses (Part IX)
$215,694
Management and general expenses
$1,937
Fundraising expenses
$0
Program service expenses (Part III)
$215,694

Program services were 99.1% 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

    $208,988

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $23,993 · program services $23,993

  • 12 · Advertising and promotion

    total $1,575 · program services $1,575

  • 13 · Office expenses

    total $1,937 · management and general $1,937

  • 21 · Payments to affiliates

    total $50,433 · program services $50,433

  • 24a · Other expenses: EVENT EXPENSE

    total $68,159 · program services $68,159

  • 24b · Other expenses: LSP PROJECT

    total $67,432 · program services $67,432

  • 24c · Other expenses: BANK FEES

    total $4,102 · program services $4,102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $203,648 · end of year $168,762

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $10,185

  • 9 · Prepaid expenses and deferred charges

    end of year $17,690

  • 15 · Other assets

    beginning of year $155 · end of year $3,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,206 · end of year $1,400

  • 19 · Deferred revenue

    beginning of year $159,450 · end of year $172,146

  • 27 · Net assets without donor restrictions

    beginning of year $35,147 · end of year $26,504

Mission and programs · 2022

Mission

TO CONDUCT AND SUPPORT THE ST. PETERSBURG AREA CHAMBER OF COMMERCE'S EDUCATIONAL AND CHARITABLE PROGRAMS FOCUSING ON BUSINESS AND COMMUNITY DEVELOPMENT.

Activities or mission (Part I)

TO CONDUCT AND SUPPORT THE ST. PETERSBURG AREA CHAMBER OF COMMERCE'SEDUCATIONAL AND CHARITABLE PROGRAMS FOCUSING ON BUSINESS AND COMMUNITYDEVELOPMENT.

  • GROW SMARTER IS AN INITIATIVE THAT BRINGS TOGETHER 90+ ORGANIZATIONS WORKING IN A NUMBER OF AREAS FOR CROSS-SECTOR COLLABORATION WITH KEY STAKEHOLDERS AND MEMBERS OF THE BUSINESS COMMUNITY. THE INITIATIVE IS BASED ON THE GROW SMARTER STRATEGY, A COMPREHENSIVE, INTEGRATED,DATA-DRIVEN COMMUNITY PLAN TO ENHANCE ST. PETERSBURG'S COMPETITIVE POSITION AND PROVIDE QUALITY, DIVERSE ECONOMIC GROWTH.GROW SMARTER HAS A FOCUS ON EQUITY, WITH THE UNDERSTANDING THAT THE VIBRANCY OF THE ENTIRE COMMUNITY IS DETERMINED BY THE WELLBEING OF ALL INDIVIDUALS.GROW SMARTER ADDRESSES SPECIFIC TOPICAL AREAS THROUGH WORKGROUPS MADE UP OF REPRESENTATIVES FROM COMMUNITY ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS.THESE WORKGROUPS COLLABORATE TO CONTRIBUTE TO THE POSITIVE AND PROGRESSIVE GROWTH OF ST. PETERSBURG AND INCLUDE CULTURE & COMMUNITY, DISTRICT & CORRIDOR DEVELOPMENT, COORDINATED EDUCATION & TRAINING, ENTREPRENEURIAL GROWTH, TARGETED JOB CREATION, AWARENESS BUILDING, AND HOUSING WORKGROUPS.GROW SMARTER BRINGS THE WORK OF INDIVIDUAL ORGANIZATIONS OUT OF SILOS AND SUPPORTS THE ALIGNMENT OF COMMUNITY RESOURCES TO IMPROVE THE WEALTH OF EVERYONE LIVING IN ST. PETE.

    Expenses $140,962

  • THE FOUNDATION CONDUCTS A VARIETY OF EDUCATIONAL AND NETWORKING ACTIVITIES WHICH INCLUDE TRAINING FOR ENTREPRENEURS, DEVELOPMENT OF LEADERSHIP SKILLS, AND NETWORKING OPPORTUNITIES FOR YOUNG PROFESSIONALS, WOMEN, MINORITIES, AND OTHER BUSINESS PROFESSIONALS IN THE COMMUNITY IT SERVES.

    Expenses $74,732

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ryan Griffin

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dr Sandra Braham

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jason Jenson

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Brooks Wallington

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kelly Black

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Martha Boden

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Owen Lafave

    VICE CHAIR - SECT/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Roy Binger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kelly Kirschner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Chris Steinocher

    PRESIDENT/CEO

    Total calculated
    $272,726
    From this org
    $0
    From related orgs
    $243,000
    Other
    $29,726
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,000 related
    Bonus
    $0 + $42,000 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $7,238 related
    Nontaxable benefits
    $0 + $22,488 related
    Filer's total
    $0 + $272,726 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

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
  • 5b · Pay contingent on a related 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202323049349302407

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