Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $1,664,330 · related or exempt $1,664,330

• 2b · Program service revenue: PROJECTS

  total $1,003,410 · related or exempt $1,003,410

• 2c · Program service revenue: SBDC ECONOMIC DEV CONTRACT

  total $82,500 · related or exempt $82,500

• 2d · Program service revenue: SBDC ECONMIC DEV PROGRAMS CONTRACT

  total $600,000 · related or exempt $600,000

• 2e · Program service revenue: ADVERTISING

  total $52,789 · unrelated business $52,789

• 2f · All other program service revenue

  total $85,795 · related or exempt $85,795 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $90,465 · excluded $90,465

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $530,769

• 7 · Other salaries and wages

  total $1,259,728

• 8 · Pension plan contributions

  total $138,262

• 9 · Other employee benefits

  total $136,092

• 10 · Payroll taxes

  total $126,527

• 11c · Fees: accounting

  total $17,259

• 11f · Fees: investment management

  total $6,768

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $1,000

• 13 · Office expenses

  total $209,442

• 14 · Information technology

  total $8,265

• 16 · Occupancy

  total $161,044

• 17 · Travel

  total $59,074

• 19 · Conferences, conventions and meetings

  total $64,311

• 22 · Depreciation, depletion and amortization

  total $97,494

• 23 · Insurance

  total $6,748

• 24a · Other expenses: OTHER PROJECT EXPENSE

  total $751,995

• 24b · Other expenses: OTHER MEMBERSHIP EXPENSES

  total $51,569

• 24c · Other expenses: LICENSES, DUES, SUBSCRIPTIONS

  total $22,616

• 24e · All other expenses

  total $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,779,614 · end of year $1,698,943

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $72,894 · end of year $114,881

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

  $3,525,731

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

  $2,329,259

• 10c · Land, buildings and equipment, net

  beginning of year $1,240,221 · end of year $1,196,472

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $509,675 · end of year $559,608

• 17 · Accounts payable and accrued expenses

  beginning of year $187,180 · end of year $174,047

• 19 · Deferred revenue

  beginning of year $594,754 · end of year $590,435

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $2,820,470 · end of year $2,805,422

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

THE CHAMBER PAYS ANNUAL MEMBERSHIP DUES FOR THE CHAMBER AND MATT MORROW TO HAVE A SOCIAL MEMBERSHIP AT AN AREA COUNTRY CLUB.