Form 990 for tax year 2022
Filed by CHAMBER OF COMMERCE-HUNTSVILLE-MADISON COUNTY.
Totals
- Total revenue
- $5,870,991
- Total expenses
- $5,862,505
- Contributions and grants received
- $3,080,367
- Grants paid
- $0
- Program service revenue
- $2,706,081
- Investment income
- $58,948
- Other revenue
- $25,595
- Total assets, end of year
- $6,396,999
- Total liabilities, end of year
- $2,118,747
- Net assets or fund balances, end of year
- $4,278,252
- Program services expenses (Part IX)
- $4,940,047
- Management and general expenses
- $843,486
- Fundraising expenses
- $78,972
- Program service expenses (Part III)
- $4,940,047
Program services were 84.3% 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.
-
1b · Membership dues
$1,528,941
-
1f · All other contributions, gifts and grants
$1,551,426
-
2a · Program service revenue: PROGRAM REVENUE
total $2,706,081 · related or exempt $2,706,081
-
3 · Investment income
total $9,065 · excluded $9,065
-
7a · Gross sales of assets other than inventory
securities $49,883
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $49,883
-
7d · Net gain or loss
total $49,883 · excluded $49,883
-
11a · Other revenue: OTHER INCOME
total $25,595 · related or exempt $25,595
-
11e · Other revenue, total
$25,595
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $2,030,385 · program services $1,632,378 · management and general $398,007
-
9 · Other employee benefits
total $525,131 · program services $404,343 · management and general $120,788
-
11b · Fees: legal
total $33,202 · program services $33,202
-
11c · Fees: accounting
total $38,807 · management and general $38,807
-
13 · Office expenses
total $59,041 · program services $33,064 · management and general $25,073 · fundraising $904
-
16 · Occupancy
total $109,774 · program services $76,842 · management and general $30,737 · fundraising $2,195
-
19 · Conferences, conventions and meetings
total $180,625 · program services $177,272 · management and general $3,353
-
20 · Interest
total $40,484 · program services $28,338 · management and general $11,336 · fundraising $810
-
22 · Depreciation, depletion and amortization
total $278,197 · program services $191,487 · management and general $81,239 · fundraising $5,471
-
24a · Other expenses: OTHER PROMOTIONAL EXPEN
total $1,124,102 · program services $1,112,862 · management and general $11,020 · fundraising $220
-
24b · Other expenses: EVENT EXPENSES
total $959,118 · program services $866,702 · management and general $25,788 · fundraising $66,628
-
24c · Other expenses: BAD DEBT EXPENSE
total $206,536 · program services $206,536
-
24d · Other expenses: TRAINING EXPENSES
total $103,016 · program services $65,051 · management and general $37,965
-
24e · All other expenses
total $174,087 · program services $111,970 · management and general $59,373 · fundraising $2,744
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,049,976 · end of year $1,826,288
-
3 · Pledges and grants receivable
beginning of year $245,865 · end of year $274,447
-
4 · Accounts receivable
beginning of year $779,240 · end of year $323,142
-
9 · Prepaid expenses and deferred charges
beginning of year $71,059 · end of year $122,627
-
10a · Land, buildings and equipment: cost or other basis
$6,956,406
-
10b · Land, buildings and equipment: accumulated depreciation
$4,142,611
-
10c · Land, buildings and equipment, net
beginning of year $3,044,422 · end of year $2,813,795
-
11 · Investments: publicly traded securities
beginning of year $895,287 · end of year $870,259
-
14 · Intangible assets
beginning of year $15,176 · end of year $12,780
-
15 · Other assets
beginning of year $103,826 · end of year $153,661
-
17 · Accounts payable and accrued expenses
beginning of year $327,957 · end of year $338,360
-
19 · Deferred revenue
beginning of year $720,370 · end of year $1,231,788
-
24 · Unsecured notes and loans payable
beginning of year $725,273 · end of year $548,599
-
27 · Net assets without donor restrictions
beginning of year $4,204,641 · end of year $3,664,650
-
28 · Net assets with donor restrictions
beginning of year $226,610 · end of year $613,602
Mission and programs · 2022
Mission
PROMOTION AND DEVELOPMENT OF CIVIC AND ECONOMIC INTERESTS
-
THE CHAMBER PROVIDED TRAINING, NETWORKING, COMMUNITY AWARENESS, AND PROMOTION TO ITS 2,086 MEMBERS AND THE COMMUNITY AT LARGE. NEW AND EXPANDED COMPANIES RESULTED IN 580 NEW JOBS. THE ANNOUNCED CAPITAL INVESTMENT WAS $391 MILLION. THE CHAMBER PROVIDED MORE THAN 35 PROFESSIONAL DEVELOPMENT WORKSHOPS AND HAD MORE THAN 82 RIBBON CUTTINGS AND 6 GROUNDBREAKINGS.
Expenses $4,940,047
As filed on the 2022 return.
Listed in Part VII
-
Ted BaudendistelTED BAUDENDISTEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David BierDAVID BIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Penny BillingsPENNY BILLINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas BusbyTHOMAS BUSBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie ComerKATIE COMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom ConardTOM CONARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brett CrainBRETT CRAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Patti DareDR PATTI DARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa DavisMELISSA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin FernandezKEVIN FERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Owen FranklinOWEN FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joni GreenJONI GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ginger HarperGINGER HARPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh HerrenJOSH HERREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jan HessJAN HESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lee HollandLEE HOLLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tharon HoneycuttTHARON HONEYCUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura Huckabee-JenningsLAURA HUCKABEE-JENNINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lincoln HudsonLINCOLN HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tyce HudsonTYCE HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hank IsenbergHANK ISENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clint KirklandCLINT KIRKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rich KretzschmarRICH KRETZSCHMAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd MayTODD MAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob McCalebBOB MCCALEB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig NaudainCRAIG NAUDAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nadia NiakossaryNADIA NIAKOSSARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alana ParkerALANA PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meredith PayneMEREDITH PAYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zack PenneyZACK PENNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris RussellCHRIS RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alicia RyanALICIA RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth SippelBETH SIPPEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wayne SiscoWAYNE SISCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom StantonTOM STANTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra StephensSANDRA STEPHENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mitch StevisonMITCH STEVISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nilmini ThompsonNILMINI THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark VaporisMARK VAPORIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike WatkinsMIKE WATKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John WatsonJOHN WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg BrownGREG BROWN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Lynn TroyLYNN TROY
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Jeff GronbergJEFF GRONBERG
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ron PoteatRON POTEAT
FOUNDATION CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff SamzJEFF SAMZ
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michelle JordanMICHELLE JORDAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sameer SinghalSAMEER SINGHAL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ronnie ChronisterRONNIE CHRONISTER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Karockas WatkinsDR KAROCKAS WATKINS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Blake BentleyBLAKE BENTLEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jim RogersJIM ROGERS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joe RitchJOE RITCH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie PeytonJAMIE PEYTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sean KellySEAN KELLY
CHAIR-APPOINTED
- Total calculated
- $0
- Hours/week
- 1
-
Jason PucketJASON PUCKET
CHAIR-APPOINTED
- Total calculated
- $0
- Hours/week
- 1
-
Frank WilliamsFRANK WILLIAMS
CHAIR-APPOINTED
- Total calculated
- $0
- Hours/week
- 1
-
Tommy BattleTOMMY BATTLE
EX-OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul FinleyPAUL FINLEY
EX-OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dale StrongDALE STRONG
EX-OFFICIO MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chip CherryCHIP CHERRY
PRESIDENT & CEO
- Total calculated
- $307,661
- From this org
- $307,661
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,182
- Bonus
- $60,479
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $307,661
-
Erin KoshutERIN KOSHUT
EMPLOYEE
- Total calculated
- $112,614
- From this org
- $112,614
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lucia CapeLUCIA CAPE
EMPLOYEE
- Total calculated
- $157,683
- From this org
- $157,683
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,808
- Bonus
- $2,875
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $157,683
-
Michael WardMICHAEL WARD
EMPLOYEE
- Total calculated
- $118,508
- From this org
- $118,508
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mary McNairyMARY MCNAIRY
EMPLOYEE
- Total calculated
- $100,631
- From this org
- $100,631
- From related orgs
- $0
- Other
- $0
- 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
- 3 · Compensation survey or study
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.
-
HUNTSVILLE MADISON COUNTY CHAMBER OF COMMERCE FOUNDATION INC
501(C)(3) · SUPPORT OF LOCAL EDUCATION PROGRAMS · AL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 January 2025
- IRS schema version
- 2022v5.0
- Source object
- 202530169349300543
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.