Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $900

• 1f · All other contributions, gifts and grants

  $72,510

• 2a · Program service revenue: INTERCITY VISIT

  total $116,690 · related or exempt $116,690

• 2b · Program service revenue: LEADERSHIP CHAPEL HILL

  total $39,203 · related or exempt $39,203

• 3 · Investment income

  total $2,617 · excluded $2,617

• 8a · Fundraising events: gross income

  $11,167

• 8a · Fundraising events: contributions included on line 1c

  $900

• 8b · Fundraising events: direct expenses

  $2,834

• 8c · Net income from fundraising events

  total $8,333 · excluded $8,333

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,233 · program services $8,233

• 2 · Grants to domestic individuals

  total $1,000 · program services $1,000

• 11a · Fees: management

  total $12,000 · management and general $12,000

• 11g · Fees: other

  total $4,929 · management and general $4,929

• 23 · Insurance

  total $1,117 · management and general $1,117

• 24a · Other expenses: INTERCITY VISIT PROGRAM

  total $102,028 · program services $102,028

• 24b · Other expenses: LEADERSHIP PROGRAM

  total $28,657 · program services $28,657

• 24c · Other expenses: OTHER PROGRAM EXPENSES

  total $12,063 · program services $12,063

• 24d · Other expenses: BIG BOLD IDEAS PROGRAM

  total $2,744 · program services $2,744

• 24e · All other expenses

  total $120 · management and general $17 · fundraising $103

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $32,795 · end of year $83,660

• 4 · Accounts receivable

  end of year $13,715

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0

• 11 · Investments: publicly traded securities

  beginning of year $120,432 · end of year $100,770

• 17 · Accounts payable and accrued expenses

  beginning of year $400 · end of year $3,500

• 19 · Deferred revenue

  end of year $5,150

• 22 · Loans and payables to officers and key people

  beginning of year $12,823 · end of year $497

• 27 · Net assets without donor restrictions

  beginning of year -$8,992 · end of year $16,577

• 28 · Net assets with donor restrictions

  beginning of year $148,996 · end of year $172,421

The filer's explanations (Part III)

PART I, LINE 3

SALARY INFORMATION FOR THE PARTNERSHIP'S EXECUTIVE DIRECTOR IS PROVIDED ON SCHEDULE J SINCE THE PARTNERSHIP IS RELATED TO THE CHAMBER. THE EXECUTIVE COMMITTEE OF THE BOARD OF THE CHAMBER USED INFORMATION GATHERED FROM OTHER LOCAL CHAMBER'S PUBLIC 990S AND FROM A SURVEY OF SIMILAR-SIZED MEMBERS OF THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES IN ORDER TO ESTABLISH THE EXECUTIVE DIRECTOR'S SALARY.

PART I, LINE 4B

AARON NELSON - $10,000