Skip to content
Nonprofiteer
← LITTLE ROCK CHAMBER FOUNDATION TERM

Form 990 for tax year 2022

Filed by LITTLE ROCK CHAMBER FOUNDATION TERM.

Totals

Total revenue
$229,659
Total expenses
$294,312
Contributions and grants received
$229,625
Grants paid
$179,625
Program service revenue
$0
Investment income
$34
Other revenue
$0
Total assets, end of year
$3,388,770
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,388,770
Program services expenses (Part IX)
$294,312
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$294,312

Program services were 100.0% 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

    $229,625

  • 3 · Investment income

    total $34 · excluded $34

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $179,625 · program services $179,625

  • 22 · Depreciation, depletion and amortization

    total $114,687 · program services $114,687

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $323,450 · end of year $347,508

  • 4 · Accounts receivable

    end of year $25,976

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

    $7,180,485

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

    $4,165,199

  • 10c · Land, buildings and equipment, net

    beginning of year $3,129,973 · end of year $3,015,286

  • 27 · Net assets without donor restrictions

    beginning of year $3,453,423 · end of year $3,388,770

Mission and programs · 2022

Mission

TO PROMOTE CIVIC ACTIVITIES AND ECONOMIC DEVELOPMENT.

Activities or mission (Part I)

PROMOTION OF CIVIC ACTIVITIES AND ECONOMIC DEVELOPMENT

  • THE LITTLE ROCK CHAMBER FOUNDATION PROMOTES ECONOMIC DEVELOPMENT AS A TYPE I SUPPORTING ORGANIZATION THROUGH PROVIDING FACILITIES AND FINANCIAL SUPPORT TO THE LITTLE ROCK REGIONAL CHAMBER OF COMMERCE FOR EDUCATIONAL AND OTHER PROGRAMS TARGETING IMPROVEMENT OF ECONOMIC GROWTH AND ACTIVITY IN THE GREATER LITTLE ROCK AREA.

    Expenses $294,312 · Grants $179,625

As filed on the 2022 return.

Listed in Part VII

  • JEFF HATHAWAY

    SENIOR COUNCIL

    Total calculated
    $0
    Hours/week
    2

  • JOHN RIGGS

    SENIOR COUNCIL

    Total calculated
    $0
    Hours/week
    2

  • KEVIN CRASS

    SENIOR COUNCIL

    Total calculated
    $0
    Hours/week
    2

  • CATHY TUGGLE

    SENIOR COUNCIL

    Total calculated
    $0
    Hours/week
    2

  • RONNIE DEDMAN

    SENIOR COUNCIL

    Total calculated
    $0
    Hours/week
    2

  • JIM CARGILL

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JOHN BURGESS

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • JAY CHESSHIR

    PRESIDENT & CEO

    Total calculated
    $410,137
    From this org
    $0
    From related orgs
    $352,849
    Other
    $57,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $286,549 related
    Bonus
    $0 + $57,300 related
    Other
    $0 + $9,000 related
    Deferred
    $0 + $33,550 related
    Nontaxable benefits
    $0 + $23,738 related
    Filer's total
    $0 + $410,137 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

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
10 May 2023
IRS schema version
2022v5.0
Source object
202331329349302583

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.