Form 990 for tax year 2022
Filed by LOUISIANA CHAMBER OF COMMERCE FOUNDATION INC.
Totals
- Total revenue
- $829,167
- Total expenses
- $667,159
- Contributions and grants received
- $822,382
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $677
- Other revenue
- $6,108
- Total assets, end of year
- $392,323
- Total liabilities, end of year
- $552
- Net assets or fund balances, end of year
- $391,771
- Program services expenses (Part IX)
- $114,064
- Management and general expenses
- $484,121
- Fundraising expenses
- $68,974
- Program service expenses (Part III)
- $114,064
Program services were 17.1% 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.
-
1e · Government grants (contributions)
$409,116
-
1f · All other contributions, gifts and grants
$413,266
-
3 · Investment income
total $677 · excluded $677
-
11a · Other revenue: OTHER
total $6,108 · related or exempt $6,108
-
11e · Other revenue, total
$6,108
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $267,322 · program services $24,973 · management and general $227,654 · fundraising $14,695
-
10 · Payroll taxes
total $29,560 · program services $551 · management and general $24,033 · fundraising $4,976
-
11b · Fees: legal
total $5,750 · management and general $5,750
-
11c · Fees: accounting
total $4,500 · management and general $4,500
-
11g · Fees: other
total $22,801 · management and general $22,801
-
13 · Office expenses
total $20,721 · program services $5,135 · management and general $14,604 · fundraising $982
-
14 · Information technology
total $21,341 · management and general $21,341
-
16 · Occupancy
total $9,819 · program services $4,550 · management and general $5,269
-
17 · Travel
total $74,809 · program services $33,333 · management and general $41,476
-
19 · Conferences, conventions and meetings
total $24,574 · management and general $24,574
-
23 · Insurance
total $2,848 · management and general $2,848
-
24a · Other expenses: CONSULTANTS
total $151,675 · program services $35,027 · management and general $68,610 · fundraising $48,038
-
24b · Other expenses: MARKETING
total $14,587 · management and general $14,304 · fundraising $283
-
24c · Other expenses: GRANT WRITING
total $5,000 · program services $5,000
-
24d · Other expenses: CHAMBER SUPPORT
total $4,603 · program services $4,153 · management and general $450
-
24e · All other expenses
total $7,249 · program services $1,342 · management and general $5,907
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $235,270 · end of year $392,323
-
17 · Accounts payable and accrued expenses
end of year $552
-
25 · Other liabilities
beginning of year $5,507
-
27 · Net assets without donor restrictions
beginning of year $229,763 · end of year $391,771
Mission and programs · 2022
Mission
TO HELP DRIVE ECONOMIC GROWTH OF OUR STATE BY EMPOWERING AND SUSTAINING THE NIMORITY BUSINESS COMMUNITY THROUGH THE DEVELOPMENT OF LOCAL MINORITY CHAMBERS AND THEIR MEMBERSHIP.
-
AN ARRAY OF TECHNICAL ASSISTANCE TO EMERGING CHAMBERS OF COMMERCE IN CITIES ACROSS LOUISIANA, INCLUDING BUT NOT LIMITED TO SHREVEPORT, BATON ROUGE, LAKE CHARLES,AND LAFAYETTE. ASSISTANCE INCLUDE TRAINING OF BOARD GOVERNANCE, COMMUNICATIONS, PROGRAM DEVELOPMENT, FINANCES AND TECHNOLOGY, IN ORDER TO EMPOWER AND SUSTAIN THE MINORITY BUSINESS COMMUNITY. WE HAVE LAUNCHED AND SUPPORTED THE GROWTH OF EIGHT CHAMBERS OF COMMERCE WHICH REPRESENT 900+ MINORITY BUSINESSES, ADVOCATED FOR 95,000+ BLACK-OWNED BUSINESSES ACROSS LOUISIANA, PARTNERED WITH THE LOUISIANA ECONOMIC DEVELOPMENT TO EXTEND THE REACH OF THEIR PROGRAMMING TO SUPPORT LOCAL MINORITY AND RURAL BUSINESSES SINCE 2019 AND WORKED WITH THE LOUISIANA STATE TREASURER TO HT=ELP MAKE AVAILABLE GRANTS FOR BUSINESSES.
Expenses $114,064
As filed on the 2022 return.
Listed in Part VII
-
DAVID ST ETIENNE
PRESIDENT/CE
- Total calculated
- $34,018
- From this org
- $34,018
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
MUSHEERAH CAMBRICE
TREASURER
- Total calculated
- $0
-
DR ADRIAN CONRAD
SECRETARY
- Total calculated
- $0
-
KELISHA GARRETT
VICE PRESIDE
- Total calculated
- $0
-
COREY JACK
OFFICER
- Total calculated
- $0
-
ARKEBIA JOHNSON
OFFICER
- Total calculated
- $0
-
MICHAEL MERIDETH
OFFICER
- Total calculated
- $0
-
ANGELINA PARKER
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312899349302781
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