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Nonprofiteer
← AMERICAN FREE ENTERPRISE CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by AMERICAN FREE ENTERPRISE CHAMBER OF COMMERCE.

Totals

Total revenue
$5,131,847
Total expenses
$4,567,990
Contributions and grants received
$5,126,881
Grants paid
$0
Program service revenue
$0
Investment income
$4,966
Other revenue
$0
Total assets, end of year
$1,001,043
Total liabilities, end of year
$30,090
Net assets or fund balances, end of year
$970,953
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1

Program services were 0.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $4,726,881

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $400,000

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $4,966 · related or exempt $0 · unrelated business $0 · excluded $4,966

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $303,750

  • 11a · Fees: management

    total $1,065,083

  • 11b · Fees: legal

    total $1,518,135

  • 11d · Fees: lobbying

    total $255,000

  • 11e · Fees: professional fundraising services

    total $194,000

  • 12 · Advertising and promotion

    total $1,165,767

  • 13 · Office expenses

    total $168

  • 14 · Information technology

    total $23,739

  • 17 · Travel

    total $31,115

  • 19 · Conferences, conventions and meetings

    total $2,865

  • 22 · Depreciation, depletion and amortization

    total $2,167

  • 23 · Insurance

    total $4,356

  • 24a · Other expenses: Bank Fees

    total $410

  • 24b · Other expenses: Business Registration Fees

    total $695

  • 24c · Other expenses: Credit Card Processing

    total $740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $336,296 · end of year $959,877

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $100,000 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $41,166

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,200 · end of year $30,090

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $407,096 · end of year $970,953

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The American Free Enterprise Chamber of Commerce has emerged as a firewall against government overreach and a beacon for common sense. We advocate for policies that will extend rather than extinguish the American experiment and ensure that future generations have ample opportunities marked by freedom and upward mobility.

  • The American Free Enterprise Chamber of Commerce served as a firewall against government overreach and a beacon for common sense. We advocated for policies that will extend rather than extinguish the American experiment and ensure that future generations have ample opportunities marked by freedom and upward mobility.

    Expenses $1

As filed on the 2024 return.

Listed in Part VII

  • Gentry Collins

    President

    Total calculated
    $292,500
    From this org
    $292,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 2 related

    Schedule J breakdown matched by us

    Base
    $292,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $292,500

  • William Canfield

    General Counsel

    Total calculated
    $86,000
    From this org
    $86,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James M Kurtenbach

    Secretary and Treasurer

    Total calculated
    $45,000
    From this org
    $37,500
    From related orgs
    $7,500
    Other
    $0
    Hours/week
    20 + 2 related

  • Somsak Chivavibul

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jill Rulli

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

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 · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.0
Source object
202513029349301731

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