Totals
- Total revenue
- $4,156,532
- Total expenses
- $4,303,935
- Contributions and grants received
- $2,254,145
- Grants paid
- $0
- Program service revenue
- $1,629,287
- Investment income
- $27,701
- Other revenue
- $245,399
- Total assets, end of year
- $6,824,695
- Total liabilities, end of year
- $2,994,332
- Net assets or fund balances, end of year
- $3,830,363
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $4,303,935
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.
-
1b · Membership dues
$1,203,353
-
1e · Government grants (contributions)
$510,326
-
1f · All other contributions, gifts and grants
$540,466
-
2a · Program service revenue: SPECIAL PROJECTS
total $1,288,695 · related or exempt $1,288,695
-
2b · Program service revenue: ADVERTISING REVENUE
total $208,122 · unrelated business $208,122
-
2c · Program service revenue: PROGRAM SERVICES
total $132,470 · related or exempt $132,470
-
3 · Investment income
total $27,701 · excluded $27,701
-
6a · Gross rents
real property $98,049
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $98,049
-
6d · Net rental income or loss
total $98,049 · excluded $98,049
-
11a · Other revenue: AFFINITY INCOME
total $147,350 · related or exempt $147,350
-
11e · Other revenue, total
$147,350
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $215,307
-
7 · Other salaries and wages
total $1,398,961
-
8 · Pension plan contributions
total $75,035
-
9 · Other employee benefits
total $251,267
-
10 · Payroll taxes
total $118,008
-
11c · Fees: accounting
total $26,080
-
12 · Advertising and promotion
total $168,669
-
13 · Office expenses
total $101,786
-
14 · Information technology
total $91,447
-
16 · Occupancy
total $218,529
-
17 · Travel
total $20,194
-
19 · Conferences, conventions and meetings
total $15,648
-
20 · Interest
total $48,003
-
22 · Depreciation, depletion and amortization
total $84,588
-
23 · Insurance
total $2,260
-
24a · Other expenses: SPECIAL PROJECT EXPENSE
total $751,942
-
24b · Other expenses: MINORITY BUSINESS
total $328,599
-
24c · Other expenses: FUNDRAISING
total $152,980
-
24d · Other expenses: PUBLICATIONS
total $69,142
-
24e · All other expenses
total $165,490
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,456,314 · end of year $1,229,511
-
2 · Savings and temporary cash investments
beginning of year $2,844,178 · end of year $3,268,113
-
3 · Pledges and grants receivable
beginning of year $176,985 · end of year $171,404
-
4 · Accounts receivable
beginning of year $192,680 · end of year $323,981
-
9 · Prepaid expenses and deferred charges
beginning of year $67,607 · end of year $35,022
-
10a · Land, buildings and equipment: cost or other basis
$4,330,754
-
10b · Land, buildings and equipment: accumulated depreciation
$2,549,690
-
10c · Land, buildings and equipment, net
beginning of year $1,777,430 · end of year $1,781,064
-
14 · Intangible assets
beginning of year $15,600 · end of year $15,600
-
17 · Accounts payable and accrued expenses
beginning of year $393,781 · end of year $385,501
-
19 · Deferred revenue
beginning of year $990,266 · end of year $1,068,454
-
23 · Secured mortgages and notes payable
beginning of year $1,166,403 · end of year $1,527,425
-
25 · Other liabilities
beginning of year $0 · end of year $12,952
-
27 · Net assets without donor restrictions
beginning of year $660,286 · end of year $639,784
-
28 · Net assets with donor restrictions
beginning of year $3,320,058 · end of year $3,190,579
Mission and programs · 2022
Mission
TO REPRESENT OUR MEMBERS, CREATING THE ENVIRONMENT AND OPPORTUNITY FOR ECONOMIC PROSPERITY AND QUALITY LIVING IN CENTRAL KENTUCKY.
Activities or mission (Part I)
TO REPRESENT OUR MEMBERS, CREATING THE ENVIRONMENT AND OPPORTUNITY FOR ECONOMIC PROSPERITY AND QUALITY LIVING IN CENTRAL KENTUCKY
-
COMMERCE LEXINGTON PROVIDES SERVICES TO ITS MEMBER ORGANIZATIONS INCLUDING SUCH ACTIVITIES AS CONFERENCES, MONTHLY PROGRAMS, ANNUAL MEETINGS & PUBLICATIONS.
Expenses $3,245,888
-
PROMOTION OF ECONOMIC DEVELOPMENT AND JOBS CREATION IN CENTRAL KENTUCKY.
Expenses $1,058,047
As filed on the 2022 return.
Listed in Part VII
-
Robert L QuickROBERT L QUICK
PRESIDENT & CEO
- Total calculated
- $215,307
- From this org
- $204,499
- From related orgs
- $0
- Other
- $10,808
- Hours/week
- 40 + 1.5 related
Schedule J breakdown matched by us
- Base
- $204,499
- Bonus
- $0
- Other
- $0
- Deferred
- $4,208
- Nontaxable benefits
- $6,600
- Filer's total
- $215,307
-
Ray DanielsRAY DANIELS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cassidy RosenthalCASSIDY ROSENTHAL
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Debbie SmithDEBBIE SMITH
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Branden GrossBRANDEN GROSS
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
Carla BlantonCARLA BLANTON
VICE CHAIR, PUBLIC POLICY
- Total calculated
- $0
- Hours/week
- 1
-
Luther DeatonLUTHER DEATON
VICE CHAIR, ECONOMIC DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 1
-
Daryl SmithDARYL SMITH
AT LARGE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Toa GreenTOA GREEN
VICE CHAIR, LEADERSHIP DEV
- Total calculated
- $0
- Hours/week
- 1
-
Ron TritschlerRON TRITSCHLER
VICE CHAIR, MEMBERSHIP & M
- Total calculated
- $0
- Hours/week
- 1
-
Larry ForesterLARRY FORESTER
VICE CHAIR, COMMUNITY & MI
- Total calculated
- $0
- Hours/week
- 1
-
John GohmannJOHN GOHMANN
CHAIRMAIN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Kevin AtkinsKEVIN ATKINS
LFUCG REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
David FreibertDAVID FREIBERT
REGIONAL REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Tucker BallingerTUCKER BALLINGER
VICE CHAIR, BUSINESS & EDU
- Total calculated
- $0
- Hours/week
- 1
-
Danny MurphyDANNY MURPHY
AT-LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Doug BarrDOUG BARR
AT-LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff KoonceJEFF KOONCE
AT-LARGE
- Total calculated
- $0
- Hours/week
- 1
-
Gina GreathouseGINA GREATHOUSE
EXECUTIVE VICE PRESIDENT
- Total calculated
- $137,796
- From this org
- $128,545
- From related orgs
- $0
- Other
- $9,251
- Hours/week
- 40 + 1 related
-
Lynda BebrowskyLYNDA BEBROWSKY
EXECUTIVE VICE PRESIDENT,
- Total calculated
- $117,805
- From this org
- $108,978
- From related orgs
- $0
- Other
- $8,827
- Hours/week
- 40
-
Andi JohnsonANDI JOHNSON
CHIEF POLICY OFFICER & DIR
- Total calculated
- $112,248
- From this org
- $103,514
- From related orgs
- $0
- Other
- $8,734
- Hours/week
- 40
-
Tyrone TyraTYRONE TYRA
SENIOR VICE PRESIDENT, COM
- Total calculated
- $112,227
- From this org
- $103,489
- From related orgs
- $0
- Other
- $8,738
- Hours/week
- 40
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 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.
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.
-
BUSINESS AND EDUCATION NETWORK INC
501(C)(3) · TO IMPROVE THE WORKFORCE OF THE GREATER LEXINGTON AREA · KY
-
LEXINGTON STRIDES AHEAD FOUNDATION INC
501(C)(6) · FUNDING OF ECONOMIC DEVELOPMENT FOR THE GREATER LEXINGTON AREA · KY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342309349300339
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