← Kentucky Chamber Advocacy Committee Inc

Form 990 for tax year 2023

Filed by Kentucky Chamber Advocacy Committee Inc.

Totals

Total revenue: $483,548
Total expenses: $373,822
Contributions and grants received: $483,548
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $262,300
Total liabilities, end of year: $28,743
Net assets or fund balances, end of year: $233,557
Program services expenses (Part IX): $373,822
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $373,822

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.

1d · Related organizations

$217,362
1f · All other contributions, gifts and grants

$266,186
2f · All other program service revenue

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

11g · Fees: other

total $352,586 · program services $352,586 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $8,000 · program services $8,000
13 · Office expenses

total $5,576 · program services $5,576
17 · Travel

total $1,410 · program services $1,410
19 · Conferences, conventions and meetings

total $6,250 · program services $6,250
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $154,466 · end of year $262,300
2 · Savings and temporary cash investments

beginning of year $0
3 · Pledges and grants receivable

beginning of year $0
4 · Accounts receivable

beginning of year $0
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
7 · Other notes and loans receivable

beginning of year $0
8 · Inventories for sale or use

beginning of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $30,635 · end of year $28,743
18 · Grants payable

beginning of year $0
19 · Deferred revenue

beginning of year $0
20 · Tax-exempt bond liabilities

beginning of year $0
21 · Escrow or custodial account liability

beginning of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0
24 · Unsecured notes and loans payable

beginning of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $123,831 · end of year $233,557
28 · Net assets with donor restrictions

beginning of year $0
29 · Capital stock, trust principal or current funds

beginning of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0

Mission and programs · 2023

Mission

PROMOTE THE COMMON GOOD AND GENERAL WELFARE, INCLUDING BUT NOT LIMITED TO THAT OF THE PEOPLE OF THE COMMONWEALTH OF KENTUCKY, BY SUPPORTING, EDUCATING AND ADVOCATING ON POSITIONS AND ISSUES INCLUDING FREE ENTERPRISE, LIMITED GOVERNMENT, AND ECONOMIC GROWTH.

SUPPORTING, EDUCATING, AND ADVOCATING ON POSITIONS AND ISSUES, INCLUDING BUT NOT LIMITED TO THAT OF THE PEOPLE OF THE COMMONWEALTH OF KENTUCKY, ON FREE ENTERPRISE, LIMITED GOVERNMENT, AND ECONOMIC GROWTH.

Expenses $373,822

As filed on the 2023 return.

Listed in Part VII

Ashli WattsASHLI WATTS

PRESIDENT

Total calculated

$551,085

From this org

$0

From related orgs

$523,058

Other

$28,027

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $428,746 related

Bonus

$0 + $89,775 related

Other

$0 + $4,537 related

Deferred

$0 + $17,014 related

Nontaxable benefits

$0 + $11,013 related

Filer's total

$0 + $551,085 related
Katherine ShanksKATHERINE SHANKS

DIRECTOR

Total calculated

$256,644

From this org

$0

From related orgs

$234,489

Other

$22,155

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $210,534 related

Bonus

$0 + $23,715 related

Other

$0 + $240 related

Deferred

$0 + $12,492 related

Nontaxable benefits

$0 + $9,663 related

Filer's total

$0 + $256,644 related
Patrick MerchakPATRICK MERCHAK

DIRECTOR

Total calculated

$229,647

From this org

$0

From related orgs

$213,756

Other

$15,891

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $173,475 related

Bonus

$0 + $20,049 related

Other

$0 + $20,232 related

Deferred

$0 + $12,858 related

Nontaxable benefits

$0 + $3,033 related

Filer's total

$0 + $229,647 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation: COMPENSATION FOR THE ORGANIZATION'S CEO IS PAID BY THE KENTUCKY CHAMBER OF COMMERCE, INC. (KCC), A RELATED TAX-EXEMPT ORGANIZATION. KCC UTILIZES THE FOLLOWING METHODS TO DETERMINE COMPENSATION FOR THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

KENTUCKY CHAMBER OF COMMERCE INC

501(c)(6) · MEMBERSHIP ORGANIZATION · KY

Directly controlled by NA
KENTUCKY CHAMBER FOUNDATION INC

501(c)(3) · EDUCATIONAL DEVELOPMENT · KY

Directly controlled by KENTUCKY CHAMBER OF COMMERCE

Provenance

Return type: form_990
Tax year: 2023
Filed: 11 October 2024
IRS schema version: 2023v5.1
Source object: 202432859349300438

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