Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $1,768,572 · related or exempt $1,768,572

• 2b · Program service revenue: ECONOMIC DEVELOPMENT

  total $1,375,548 · related or exempt $1,375,548

• 2c · Program service revenue: MOBILE COUNTY CONTRACT

  total $425,001 · related or exempt $425,001

• 2d · Program service revenue: COMMUNITY DEVELOPMENT

  total $420,095 · related or exempt $420,095

• 2e · Program service revenue: CITY OF MOBILE CONTRAC

  total $406,250 · related or exempt $406,250

• 2f · All other program service revenue

  total $514,437 · related or exempt $383,612 · unrelated business $130,825

• 3 · Investment income

  total $6,750 · excluded $6,750

• 7a · Gross sales of assets other than inventory

  other assets $16,500

• 7b · Less cost or other basis and sales expenses

  other assets $14,424

• 7c · Gain or loss

  other assets $2,076

• 7d · Net gain or loss

  total $2,076 · related or exempt $2,076

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $741,886 · management and general $741,886

• 7 · Other salaries and wages

  total $1,573,989 · program services $1,503,654 · management and general $70,335

• 8 · Pension plan contributions

  total $56,045 · program services $36,018 · management and general $20,027

• 9 · Other employee benefits

  total $163,670 · program services $98,207 · management and general $65,463

• 10 · Payroll taxes

  total $168,095 · program services $107,487 · management and general $60,608

• 12 · Advertising and promotion

  total $59,100 · program services $59,100

• 13 · Office expenses

  total $60,743 · program services $26,428 · management and general $34,315

• 14 · Information technology

  total $238,867 · program services $22,684 · management and general $216,183

• 16 · Occupancy

  total $243,801 · program services $160,212 · management and general $83,589

• 17 · Travel

  total $4,597 · program services $4,597

• 19 · Conferences, conventions and meetings

  total $168,561 · program services $139,664 · management and general $28,897

• 20 · Interest

  total $1,671 · program services $1,671

• 22 · Depreciation, depletion and amortization

  total $14,388 · management and general $14,388

• 23 · Insurance

  total $23,194 · program services $2,435 · management and general $20,759

• 24a · Other expenses: EVENTS

  total $594,767 · program services $585,880 · management and general $8,887

• 24b · Other expenses: MARKETING

  total $288,716 · program services $288,716

• 24c · Other expenses: INVESTOR RELATIONS

  total $238,892 · program services $238,892

• 24d · Other expenses: PUBLICATIONS

  total $199,371 · program services $199,371

• 24e · All other expenses

  total $534,682 · program services $336,091 · management and general $198,591

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $897,513 · end of year $533,069

• 2 · Savings and temporary cash investments

  beginning of year $535,489 · end of year $592,358

• 4 · Accounts receivable

  beginning of year $433,207 · end of year $525,866

• 9 · Prepaid expenses and deferred charges

  beginning of year $99,260 · end of year $53,802

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

  $175,629

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

  $90,174

• 10c · Land, buildings and equipment, net

  beginning of year $42,375 · end of year $85,455

• 11 · Investments: publicly traded securities

  beginning of year $640 · end of year $640

• 12 · Investments: other securities

  beginning of year $337,777 · end of year $224,941

• 17 · Accounts payable and accrued expenses

  beginning of year $328,380 · end of year $185,802

• 19 · Deferred revenue

  beginning of year $885,906 · end of year $1,142,092

• 23 · Secured mortgages and notes payable

  end of year $52,494

• 25 · Other liabilities

  beginning of year $256,464 · end of year $216,538

• 27 · Net assets without donor restrictions

  beginning of year $875,511 · end of year $419,205

The filer's explanations (Part III)

PART I, LINE 4B

NEIL CHRISTOPHER: THE ORGANIZATION CONTRIBUTED $5,000 TO A 457(F) PLAN. ROBERT CHAPPELLE: THE ORGANIZATION CONTRIBUTED $5,000 TO A 457(F) PLAN. 2022 COMPENSATION INCLUDES $7,330 IN INCENTIVE COMPENSATION FROM SAID PLAN. DAVID RODGERS: THE ORGANIZATION CONTRIBUTED $5,000 TO A 457(F) PLAN.