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← BROOKINGS AREA CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by BROOKINGS AREA CHAMBER OF COMMERCE.

Totals

Total revenue
$526,317
Total expenses
$600,601
Contributions and grants received
$269,830
Grants paid
$0
Program service revenue
$262,415
Investment income
-$31,093
Other revenue
$25,165
Total assets, end of year
$602,059
Total liabilities, end of year
$89,669
Net assets or fund balances, end of year
$512,390
Program services expenses (Part IX)
$325,385
Management and general expenses
$148,075
Fundraising expenses
$127,141
Program service expenses (Part III)
$325,385

Program services were 54.2% 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.

  • 1e · Government grants (contributions)

    $87,500

  • 1f · All other contributions, gifts and grants

    $182,330

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $228,523 · related or exempt $228,523

  • 2b · Program service revenue: TICKET SALES/REGISTRATION

    total $19,121 · related or exempt $19,121

  • 2c · Program service revenue: PROGRAM/ACTIVITIES

    total $9,621 · related or exempt $9,621

  • 2d · Program service revenue: SPONSORSHIPS

    total $5,150 · related or exempt $5,150

  • 3 · Investment income

    total -$26,771 · excluded -$26,771

  • 7a · Gross sales of assets other than inventory

    securities $66,966 · other assets $537

  • 7b · Less cost or other basis and sales expenses

    securities $71,825

  • 7c · Gain or loss

    securities -$4,859 · other assets $537

  • 7d · Net gain or loss

    total -$4,322 · excluded -$4,322

  • 11a · Other revenue: OTHER INCOME

    total $22,124 · related or exempt $22,124

  • 11b · Other revenue: IN-KIND INCOME

    total $2,500 · related or exempt $2,500

  • 11c · Other revenue: CHAMBER BUCKS (5%)

    total $541 · related or exempt $541

  • 11e · Other revenue, total

    $25,165

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $217,909 · program services $185,223 · management and general $21,791 · fundraising $10,895

  • 8 · Pension plan contributions

    total $6,115 · program services $5,197 · management and general $612 · fundraising $306

  • 9 · Other employee benefits

    total $17,367 · program services $14,761 · management and general $1,737 · fundraising $869

  • 10 · Payroll taxes

    total $19,607 · program services $16,666 · management and general $1,961 · fundraising $980

  • 11c · Fees: accounting

    total $18,995 · management and general $18,995

  • 12 · Advertising and promotion

    total $127,656 · management and general $14,473 · fundraising $113,183

  • 13 · Office expenses

    total $26,283 · management and general $26,283

  • 14 · Information technology

    total $10,300 · management and general $10,300

  • 16 · Occupancy

    total $26,956 · management and general $26,956

  • 17 · Travel

    total $3,300 · management and general $3,300

  • 22 · Depreciation, depletion and amortization

    total $2,841 · management and general $2,841

  • 23 · Insurance

    total $4,736 · management and general $4,736

  • 24a · Other expenses: EVENTS

    total $67,508 · program services $67,508

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $18,150 · program services $15,427 · management and general $1,815 · fundraising $908

  • 24c · Other expenses: MEMBER RECRUITMENT

    total $18,103 · program services $18,103

  • 24d · Other expenses: STRATEGIC PLANNING

    total $7,452 · management and general $7,452

  • 24e · All other expenses

    total $7,323 · program services $2,500 · management and general $4,823

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $304,372 · end of year $256,827

  • 2 · Savings and temporary cash investments

    beginning of year $30,159 · end of year $30,325

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

    $43,845

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

    $27,052

  • 10c · Land, buildings and equipment, net

    beginning of year $19,634 · end of year $16,793

  • 11 · Investments: publicly traded securities

    beginning of year $270,660 · end of year $237,445

  • 15 · Other assets

    beginning of year $500 · end of year $60,669

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,586 · end of year $619

  • 25 · Other liabilities

    beginning of year $33,065 · end of year $89,050

  • 27 · Net assets without donor restrictions

    beginning of year $558,209 · end of year $512,390

  • 28 · Net assets with donor restrictions

    beginning of year $28,465

Mission and programs · 2022

Mission

TO PROMOTE, CONNECT, ENRICH AND ADVOCATE FOR THE BROOKINGS AREA BUSINESS COMMUNITY.

Activities or mission (Part I)

THE ORGANIZATION IS DEDICATED TO SERVE ITS MEMBERS BY ENHANCING THE ECONOMIC WELL-BEING OF THE CITY OF BROOKINGS AND ITS SURROUNDING AREA AND TO IMPROVE ITS QUALITY OF LIFE AND PROSPERITY.

  • PROMOTING THE WELFARE OF THE CITY OF BROOKINGS, SOUTH DAKOTA AND THE SURROUNDING AREA. ENCOURAGING BUSINESS GROWTH THROUGH MEMBERSHIPS, MARKETING AND COMMUNICATIONS AND EVENTS.

    Expenses $325,385 · Revenue $262,415

As filed on the 2022 return.

Listed in Part VII

  • Kelsey Doom

    EXECUTIVE DI

    Total calculated
    $79,800
    From this org
    $79,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kyle Bender

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sean Binker

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paul Glik

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lora Berg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Carnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terri Stauffacher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samantha Tupper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Nuttbrock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Brozik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Turnwall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Schulte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jake Meshke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jesse Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Seth Sayler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristina Lankow

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303149349303460

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