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← LOUISA COUNTY CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by LOUISA COUNTY CHAMBER OF COMMERCE.

Totals

Total revenue
$165,743
Total expenses
$140,634
Contributions and grants received
$109,714
Grants paid
$0
Program service revenue
$56,029
Investment income
$0
Other revenue
$0
Total assets, end of year
$124,885
Total liabilities, end of year
$65,605
Net assets or fund balances, end of year
$59,280
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$140,634

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

    $67,710

  • 1d · Related organizations

    $22,004

  • 1e · Government grants (contributions)

    $20,000

  • 2a · Program service revenue: MANAGEMENT SERVICES

    total $24,800 · related or exempt $24,800

  • 2b · Program service revenue: PROGRAMS AND EVENTS

    total $22,374 · related or exempt $22,374

  • 2c · Program service revenue: OTHER PROGRAM INCOME

    total $8,855 · related or exempt $8,855

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $65,598

  • 7 · Other salaries and wages

    total $644

  • 9 · Other employee benefits

    total $6,237

  • 10 · Payroll taxes

    total $9,593

  • 11c · Fees: accounting

    total $5,349

  • 13 · Office expenses

    total $603

  • 14 · Information technology

    total $3,673

  • 16 · Occupancy

    total $4,563

  • 17 · Travel

    total $265

  • 20 · Interest

    total $2,199

  • 22 · Depreciation, depletion and amortization

    total $868

  • 23 · Insurance

    total $2,943

  • 24a · Other expenses: EVENT EXPENSES

    total $29,597

  • 24b · Other expenses: DUES AND FEES

    total $5,599

  • 24c · Other expenses: BANK FEES

    total $1,783

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $607

  • 24e · All other expenses

    total $513

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,802 · end of year $40,974

  • 2 · Savings and temporary cash investments

    beginning of year $10,078 · end of year $10,131

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

    $75,610

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

    $1,830

  • 10c · Land, buildings and equipment, net

    beginning of year $74,648 · end of year $73,780

  • 15 · Other assets

    beginning of year $12

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,446 · end of year $8,652

  • 23 · Secured mortgages and notes payable

    beginning of year $51,223 · end of year $33,967

  • 24 · Unsecured notes and loans payable

    beginning of year $23,700 · end of year $22,986

  • 27 · Net assets without donor restrictions

    beginning of year $34,171 · end of year $59,280

Mission and programs · 2022

Mission

THE CHAMBER IS ORGANIZED TO ACHIEVE THE OBJECTIVES OF PRESERVING THE FREE ENTERPRISE SYSTEM OF BUSINESS IN THE ECONOMIC REGION OF THE TOWNS OF LOUISA, MINERAL AND THE ENTIRE COUNTY OF LOUISA.

  • ACTIVITIES DESIGNED TO PROMOTE AND SUPPORT LOCAL BUSINESS ACTIVITIES

    Expenses $140,634 · Revenue $56,029

As filed on the 2022 return.

Listed in Part VII

  • Tracy Clark

    EXECUTIVE DIRECTOR

    Total calculated
    $53,003
    From this org
    $53,003
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Bo Bundrick

    CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Sarah Marshall

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Valerie Washington

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Casey Hollins

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • Melanie Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Tammy Boxley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Meryl Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Jennifer Lehman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Nathan Wash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Pam Quarles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Billy Wayson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • John Pope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Ron Bricker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

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.

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401369349317885

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