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Nonprofiteer
← NORFOLK AREA CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2023

Filed by NORFOLK AREA CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$97,714
Total expenses
$117,709
Contributions and grants received
$60,347
Grants paid
$18,037
Program service revenue
$37,367
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,430,381
Total liabilities, end of year
$1,077
Net assets or fund balances, end of year
$1,429,304
Program services expenses (Part IX)
$113,131
Management and general expenses
$4,578
Fundraising expenses
$0
Program service expenses (Part III)
$113,131

Program services were 96.1% 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

    $60,347

  • 2a · Program service revenue: OPERATION FEES INCOME

    total $37,367 · related or exempt $37,367

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,037 · program services $18,037

  • 11c · Fees: accounting

    total $4,550 · management and general $4,550

  • 13 · Office expenses

    total $89 · program services $89

  • 16 · Occupancy

    total $24,675 · program services $24,675

  • 22 · Depreciation, depletion and amortization

    total $47,944 · program services $47,944

  • 24a · Other expenses: UTILITIES & BUILDING EXPE

    total $22,386 · program services $22,386

  • 24b · Other expenses: BUSINESS REGISTRATION FEE

    total $28 · management and general $28

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,031 · end of year $52,857

  • 4 · Accounts receivable

    beginning of year $266

  • 9 · Prepaid expenses and deferred charges

    beginning of year $960 · end of year $1,186

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

    $1,936,439

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

    $560,101

  • 10c · Land, buildings and equipment, net

    beginning of year $1,399,491 · end of year $1,376,338

  • 17 · Accounts payable and accrued expenses

    beginning of year $449 · end of year $1,077

  • 27 · Net assets without donor restrictions

    beginning of year $1,449,299 · end of year $1,429,304

Mission and programs · 2023

Mission

DEDICATED TO CHARITABLE ACTIVITIES BUT NOT LIMITED TO COMMUNITY DEVELOPMENT ACTIVITIES FOR THE BETTERMENT OF NORFOLK NE AND THE SURROUNDING AREAS.

  • PROVIDE OFFICE BUILDING SPACE FOR NORFOLK AREA CHAMBER OF COMMERCE AND OTHER ECONOMIC DEVELOPMENT ORGANIZATIONS TO ENHANCE THE COMMUNITY DEVELOPMENT ACTIVITIES.

    Expenses $113,131 · Grants $18,037 · Revenue $37,367

As filed on the 2023 return.

Listed in Part VII

  • Jason Anderson

    SECRETARY/TR

    Total calculated
    $0

  • Bill Barritt

    DIRECTOR

    Total calculated
    $0

  • Meghann Buresh

    DIRECTOR

    Total calculated
    $0

  • Kyle Deets

    CHAIR

    Total calculated
    $0

  • Brandon Doke

    DIRECTOR

    Total calculated
    $0

  • Charlotte Easland

    DIRECTOR

    Total calculated
    $0

  • Paul Heybrock

    AT-LARGE

    Total calculated
    $0

  • Gaurav Malhotra

    DIRECTOR

    Total calculated
    $0

  • Marci Nelson

    DIRECTOR

    Total calculated
    $0

  • Rachel Reiser

    CHAIR-ELECT

    Total calculated
    $0

  • Michelle M Schlecht

    DIRECTOR

    Total calculated
    $0

  • Jill Sock

    DIRECTOR

    Total calculated
    $0

  • Troy Weyhrich

    DIRECTOR

    Total calculated
    $0

  • Don Wisnieski

    VICE-CHAIR

    Total calculated
    $0

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202431369349312048

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