Form 990 for tax year 2023
Filed by KENTUCKY CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $12,411,513
- Total expenses
- $11,049,507
- Contributions and grants received
- $1,293,630
- Grants paid
- $472,414
- Program service revenue
- $9,116,824
- Investment income
- $93,186
- Other revenue
- $1,907,873
- Total assets, end of year
- $13,351,712
- Total liabilities, end of year
- $4,367,573
- Net assets or fund balances, end of year
- $8,984,139
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$1,293,630
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: MEMBERSHIP DUES
total $3,820,559 · related or exempt $3,820,559 · unrelated business $0 · excluded $0
-
2b · Program service revenue: SEMINARS & MEETINGS
total $2,681,116 · related or exempt $2,681,116 · unrelated business $0 · excluded $0
-
2c · Program service revenue: SUPPORT SERVICES - RELATED PARTIES
total $1,783,874 · related or exempt $1,783,874 · unrelated business $0 · excluded $0
-
2d · Program service revenue: ADMINISTRATIVE INCOME
total $30,399 · related or exempt $30,399 · unrelated business $0 · excluded $0
-
2e · Program service revenue: PUBLICATIONS
total $232,605 · related or exempt $232,605 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $568,271 · related or exempt $568,271 · unrelated business $0 · excluded $0
-
3 · Investment income
total $93,186 · related or exempt $0 · unrelated business $0 · excluded $93,186
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $1,856,369 · related or exempt $0 · unrelated business $0 · excluded $1,856,369
-
6a · Gross rents
real property $34,500 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $34,500 · personal property $0
-
6d · Net rental income or loss
total $34,500 · related or exempt $0 · unrelated business $0 · excluded $34,500
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: ADVERTISING INCOME
total $17,004 · related or exempt $0 · unrelated business $17,004 · excluded $0
-
11b · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$17,004
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $472,414
-
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 $1,395,884
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,008,048
-
8 · Pension plan contributions
total $203,611
-
9 · Other employee benefits
total $196,605
-
10 · Payroll taxes
total $340,856
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $553,304
-
12 · Advertising and promotion
total $185,241
-
13 · Office expenses
total $529,073
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $258,214
-
17 · Travel
total $114,590
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,124,940
-
20 · Interest
total $37,369
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $276,019
-
23 · Insurance
total $51,568
-
24a · Other expenses: Repairs & Maintenance
total $26,002
-
24b · Other expenses: Cost of Sales - Publications
total $175,330
-
24c · Other expenses: Dues & Subscriptions
total $39,384
-
24d · Other expenses: BAD DEBT EXPENSE
total $9,996
-
24e · All other expenses
total $51,059
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $320 · end of year $205
-
2 · Savings and temporary cash investments
beginning of year $1,854,265 · end of year $1,912,871
-
3 · Pledges and grants receivable
beginning of year $306,199 · end of year $160,525
-
4 · Accounts receivable
beginning of year $696,398 · end of year $694,400
-
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 · end of year $1,035,702
-
8 · Inventories for sale or use
beginning of year $21,903 · end of year $13,805
-
9 · Prepaid expenses and deferred charges
beginning of year $726,538 · end of year $1,006,499
-
10a · Land, buildings and equipment: cost or other basis
$8,544,385
-
10b · Land, buildings and equipment: accumulated depreciation
$3,222,148
-
10c · Land, buildings and equipment, net
beginning of year $5,122,012 · end of year $5,322,237
-
11 · Investments: publicly traded securities
beginning of year $3,044,670 · end of year $3,205,468
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $852,638 · end of year $966,037
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $2,573,874 · end of year $2,612,012
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end 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 $877,341 · end of year $789,524
-
24 · Unsecured notes and loans payable
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 $6,920,481 · end of year $8,984,139
-
28 · Net assets with donor restrictions
beginning of year $547,971 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
TO SUPPORT A PROSPEROUS BUSINESS CLIMATE IN THE COMMONWEALTH OF KENTUCKY THROUGH ADVOCACY, EDUCATION, INFORMATION AND SERVICES IN ORDER TO PROMOTE BUSINESS RETENTION AND RECRUITMENT.
Activities or mission (Part I)
CREATE AND SUPPORT A COMPETITVE BUSINESS CLIMATE IN KENTUCKY THROUGH ADVOCACY, EDUCATION, INFORMATION, AND SERVICES IN ORDER TO PROMOTE BUSINESS RETENTION AND RECRUITMENT.
-
SEMINARS & MEETINGS - TOPICS INCLUDE OSHA COMPLIANCE, REDUCING WORKERS' COMP COSTS, TAX LAW COMPLIANCE, ENVIRONMENTAL LAW, HUMAN RESOURCE LAW, ETC.
-
PUBLICATIONS - PUBLICATIONS FOR SALE INCLUDING STATE AND FEDERAL LABOR LAWS AND REGULATIONS, BUSINESS PLANNING AND MARKETING, ENVIRONMENTAL ISSUES, AND HUMAN RESOURCES.
-
MEMBERSHIP - SOLICITS NEW MEMBERS AND OFFERS CUSTOMER SERVICE TO EXISTING MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Amy LuttrellAMY LUTTRELL
VICE CHAIR, ADMINISTRATION
- Total calculated
- $0
- Hours/week
- 1
-
Ashli WattsASHLI WATTS
PRESIDENT/CEO
- Total calculated
- $551,085
- From this org
- $523,058
- From related orgs
- $0
- Other
- $28,027
- Hours/week
- 38 + 1 related
Schedule J breakdown matched by us
- Base
- $428,746
- Bonus
- $89,775
- Other
- $4,537
- Deferred
- $17,014
- Nontaxable benefits
- $11,013
- Filer's total
- $551,085
-
Candace McGrawCANDACE MCGRAW
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John Crockett IIIJOHN CROCKETT III
VICE CHAIR, MEMBERSHIP & BUSINESS SERVICES
- Total calculated
- $0
- Hours/week
- 1
-
Kelley WorkmanKELLEY WORKMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin SmithKEVIN SMITH
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lajuana WilcherLAJUANA WILCHER
VICE CHAIR, PUBLIC AFFAIRS
- Total calculated
- $0
- Hours/week
- 1
-
Scott DavisSCOTT DAVIS
CHAIR-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Stephen BranscumSTEPHEN BRANSCUM
VICE CHAIR, COMMUNICATIONS & MARKETING
- Total calculated
- $0
- Hours/week
- 1
-
Adam HancockADAM HANCOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam HintonADAM HINTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy SpillerAMY SPILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony HoustonANTHONY HOUSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arthur Walker IIIARTHUR WALKER III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill MuddBILL MUDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Billy SpearsBILLY SPEARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brad SmithBRAD SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian CromerBRIAN CROMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Calvin BarkerCALVIN BARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carlos SanchezCARLOS SANCHEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy WaddellCATHY WADDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chad HarpoleCHAD HARPOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy WisemanCINDY WISEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Condrad DanielsCONDRAD DANIELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donovan BlackburnDONOVAN BLACKBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas BarrDOUGLAS BARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ellen CallELLEN CALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elmer WhitakerELMER WHITAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerard ColmanGERARD COLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hollie HarrisHOLLIE HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James RickardJAMES RICKARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay RichertJAY RICHERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeb DukeJEB DUKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff BorkowskiJEFF BORKOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John EstusJOHN ESTUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John PhillipsJOHN PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kennan WethingtonKENNAN WETHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin ShurnKEVIN SHURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly HalbauerKIMBERLY HALBAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimra ColeKIMRA COLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristen ByrdKRISTEN BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Les FugateLES FUGATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark GuilfoyleMARK GUILFOYLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SommerMARK SOMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Norman-BorkMELISSA NORMAN-BORK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BuckentinMIKE BUCKENTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick DreaNICK DREA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paige MankovichPAIGE MANKOVICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick ColemanPATRICK COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul CostelPAUL COSTEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Purna VeerPURNA VEER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ray DanielsRAY DANIELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah WhitakerSARAH WHITAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon ArvinSHANNON ARVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie BellSTEPHANIE BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen BehnkeSTEPHEN BEHNKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve MerrickSTEVE MERRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven LeeSTEVEN LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim RobinsonTIM ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tony ReinhartTONY REINHART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph HsuJOSEPH HSU
CHIEF FINANCIAL OFFICER
- Total calculated
- $12,420
- From this org
- $12,420
- From related orgs
- $0
- Other
- $0
- Hours/week
- 38
-
Patrick MerchakPATRICK MERCHAK
CHIEF FINANCIAL OFFICER - TERM ENDED
- Total calculated
- $229,647
- From this org
- $213,756
- From related orgs
- $0
- Other
- $15,891
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $173,475
- Bonus
- $20,049
- Other
- $20,232
- Deferred
- $12,858
- Nontaxable benefits
- $3,033
- Filer's total
- $229,647
-
Jim FordJIM FORD
CHIEF RESOURCE OFFICER
- Total calculated
- $346,088
- From this org
- $316,067
- From related orgs
- $0
- Other
- $30,021
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $145,498
- Bonus
- $169,223
- Other
- $1,346
- Deferred
- $19,101
- Nontaxable benefits
- $10,920
- Filer's total
- $346,088
-
Katherine ShanksKATHERINE SHANKS
SR VICE PRESIDENT, PUBLIC AFFAIRS
- Total calculated
- $256,644
- From this org
- $234,489
- From related orgs
- $0
- Other
- $22,155
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $210,534
- Bonus
- $23,715
- Other
- $240
- Deferred
- $12,492
- Nontaxable benefits
- $9,663
- Filer's total
- $256,644
-
Eizabeth DavissonEIZABETH DAVISSON
SR VICE PRESIDENT, FOUNDATION
- Total calculated
- $209,904
- From this org
- $187,417
- From related orgs
- $0
- Other
- $22,487
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $167,799
- Bonus
- $19,258
- Other
- $360
- Deferred
- $11,428
- Nontaxable benefits
- $11,059
- Filer's total
- $209,904
-
Jacqueline PittsJACQUELINE PITTS
SR VICE PRESIDENT, COMMUNICATIONS AND MARKETING
- Total calculated
- $177,830
- From this org
- $160,266
- From related orgs
- $0
- Other
- $17,564
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $144,337
- Bonus
- $15,775
- Other
- $154
- Deferred
- $9,647
- Nontaxable benefits
- $7,917
- Filer's total
- $177,830
-
Lakisha MillerLAKISHA MILLER
EXECUTIVE DIRECTOR, WORKFORCE CENTER
- Total calculated
- $122,218
- From this org
- $112,678
- From related orgs
- $0
- Other
- $9,540
- Hours/week
- 38
-
Sarah CatheySARAH CATHEY
SR DIRECTOR, OPERATIONS
- Total calculated
- $140,144
- From this org
- $131,319
- From related orgs
- $0
- Other
- $8,825
- Hours/week
- 38
-
Shawna BurtonSHAWNA BURTON
DIRECTOR OF MEMBER BENEFITS AND PARTNERSHIPS
- Total calculated
- $160,518
- From this org
- $142,152
- From related orgs
- $0
- Other
- $18,366
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $70,549
- Bonus
- $71,495
- Other
- $108
- Deferred
- $8,692
- Nontaxable benefits
- $9,674
- Filer's total
- $160,518
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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
-
GENERAL SUPPORT
-
CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA PAC
$2,000
General support
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 FOUNDATION INC
501(c)(3) · EDUCATION DEVELOPMENT · KY · controlled entity
Directly controlled by KENTUCKY CHAMBER OF COMMERCE
-
KENTUCKY CHAMBER ADVOCACY COMMITTEE INC
501(c)(4) · ECONOMIC WELFARE INITIATIVES · KY · controlled entity
Directly controlled by KENTUCKY CHAMBER OF COMMERCE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHAMBER BUSINESS SOLUTIONS
C Corporation · BUSINESS SUPPORT SERVICES · KY · 100% owned · share of income $7,982 · share of assets $10,448 · controlled entity
Directly controlled by KENTUCKY CHAMBER OF COMMERCE
-
CHAMBER BUSINESS SOLUTIONS TRUST
Trust · EMPLOYEE WELFARE BENEFIT PLAN · KY · share of income $0 · share of assets $0
Directly controlled by KENTUCKY CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202542179349301544
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