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Nonprofiteer
← RUTHERFORD COUNTY CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by RUTHERFORD COUNTY CHAMBER OF COMMERCE.

Totals

Total revenue
$4,088,560
Total expenses
$3,671,034
Contributions and grants received
$2,750,312
Grants paid
$0
Program service revenue
$981,948
Investment income
$268,804
Other revenue
$87,496
Total assets, end of year
$11,749,327
Total liabilities, end of year
$387,037
Net assets or fund balances, end of year
$11,362,290
Program services expenses (Part IX)
$2,925,945
Management and general expenses
$745,089
Fundraising expenses
$0
Program service expenses (Part III)
$2,925,945

Program services were 79.7% 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

    $2,750,312

  • 2a · Program service revenue: BUSINESS AFTER HOURS

    total $29,430 · related or exempt $29,430

  • 2b · Program service revenue: LEADERSHIP RUTHERFORD CO

    total $42,500 · related or exempt $42,500

  • 2c · Program service revenue: Membership Dues & Assessments

    total $700,483 · related or exempt $700,483

  • 2d · Program service revenue: PROMO & DEV OF TOURISM

    total $59,631 · related or exempt $59,631

  • 2e · Program service revenue: SPONSORSHIPS AND BANQUETS

    total $111,749 · related or exempt $111,749

  • 2f · All other program service revenue

    total $38,155 · related or exempt $38,155

  • 3 · Investment income

    total $268,804 · excluded $268,804

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $87,496

  • 6c · Rental income or loss

    real property $87,496

  • 6d · Net rental income or loss

    total $87,496 · excluded $87,496

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $295,214 · program services $44,282 · management and general $250,932

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,249,692 · program services $1,201,002 · management and general $48,690

  • 8 · Pension plan contributions

    total $87,230 · program services $70,194 · management and general $17,036

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $104,768 · program services $85,428 · management and general $19,340

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $33,485 · program services $23,800 · management and general $9,685

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $171,707 · program services $171,707

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $95,833 · management and general $95,833

  • 17 · Travel

    total $12,336 · program services $10,128 · management and general $2,208

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $127,791 · program services $127,791

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $25,262 · program services $11,749 · management and general $13,513

  • 23 · Insurance

    total $170,047 · program services $128,550 · management and general $41,497

  • 24a · Other expenses: GRANT MARKETING

    total $324,409 · program services $324,409

  • 24b · Other expenses: EVENT PROMOTION

    total $209,302 · program services $209,302

  • 24c · Other expenses: SPRING FLING

    total $137,062 · program services $137,062

  • 24d · Other expenses: WORKFORCE DEVELOPMENT

    total $98,982 · program services $98,982

  • 24e · All other expenses

    total $527,914 · program services $281,559 · management and general $246,355

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $567,955 · end of year $580,146

  • 2 · Savings and temporary cash investments

    beginning of year $7,350,174 · end of year $8,473,843

  • 3 · Pledges and grants receivable

    beginning of year $2,216,237 · end of year $1,821,558

  • 4 · Accounts receivable

    beginning of year $699,324 · end of year $621,852

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $12,953 · end of year $13,521

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,712 · end of year $13,313

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

    $905,121

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

    $733,361

  • 10c · Land, buildings and equipment, net

    beginning of year $161,064 · end of year $171,760

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $80,001 · end of year $53,334

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,659 · end of year $39,492

  • 19 · Deferred revenue

    beginning of year $352,764 · end of year $343,417

  • 25 · Other liabilities

    beginning of year -$612 · end of year $4,128

  • 27 · Net assets without donor restrictions

    beginning of year $8,406,372 · end of year $9,406,732

  • 28 · Net assets with donor restrictions

    beginning of year $2,331,237 · end of year $1,955,558

Mission and programs · 2023

Mission

COMMUNITY AND BUSINESS DEVELOPMENT

  • TOURISM DEVELOPMENT - INVOLVES DEVELOPMENT AND PROMOTION OF TOURISM IN RUTHERFORD COUNTY

    Expenses $1,511,049

  • Destination Rutherford - The goals of the destination rutherford program is to promote Economic Growth and Balance, Leadership and Community Development, and Educational Advantages.

    Expenses $861,715

  • MEMBER SERVICES - PROVIDES MEMBERSHIP ACTIVITIES INCLUDING BUSINESS RECRUITMENT, MEMBER ENGAGEMENT EVENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES.

    Expenses $305,288

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Latture

    President

    Total calculated
    $295,214
    From this org
    $295,214
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,847
    Bonus
    $27,500
    Other
    $867
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $295,214

  • Patrick Cammack

    ECONOMIC DEV

    Total calculated
    $149,813
    From this org
    $141,377
    From related orgs
    $0
    Other
    $8,436
    Hours/week
    40

  • Stephanie Brackman

    CHIEF OPER OFFICER

    Total calculated
    $149,236
    From this org
    $141,213
    From related orgs
    $0
    Other
    $8,023
    Hours/week
    40

  • Lemuel Jones

    ECONOMIC DEV

    Total calculated
    $122,589
    From this org
    $115,650
    From related orgs
    $0
    Other
    $6,939
    Hours/week
    40

  • Barbara Wolke

    VP CONV BUREAU

    Total calculated
    $92,731
    From this org
    $87,482
    From related orgs
    $0
    Other
    $5,249
    Hours/week
    40

  • Kelli Beam

    VP OF MEMBER DEV

    Total calculated
    $81,726
    From this org
    $77,100
    From related orgs
    $0
    Other
    $4,626
    Hours/week
    40

  • Fred Howell

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Kent Ayer

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • David Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Broeker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sheri Morgan

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Garth Bentley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Bales

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Laird

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gordon Ferguson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kavin Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Hercules

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lori Cutler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Val Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Kidd

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Twila Harris

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cannon Loughry

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jamie Reed

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kristin Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Warren Russell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terry Schneider

    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. 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2024
IRS schema version
2023v5.1
Source object
202411839349301051

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