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Nonprofiteer
← ANCHORAGE CHAMBER OF COMMERCE INC

Form 990 for tax year 2022

Filed by ANCHORAGE CHAMBER OF COMMERCE INC.

Totals

Total revenue
$986,745
Total expenses
$1,057,534
Contributions and grants received
$647,709
Grants paid
$0
Program service revenue
$287,937
Investment income
$41,965
Other revenue
$9,134
Total assets, end of year
$1,054,873
Total liabilities, end of year
$441,239
Net assets or fund balances, end of year
$613,634
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $337,488

  • 1f · All other contributions, gifts and grants

    $310,221

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $144,637 · related or exempt $144,637

  • 2b · Program service revenue: COMMITTEE EVENTS

    total $143,300 · related or exempt $143,300

  • 3 · Investment income

    total $37,729 · excluded $37,729

  • 7a · Gross sales of assets other than inventory

    securities $157,949

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

    securities $153,713

  • 7c · Gain or loss

    securities $4,236

  • 7d · Net gain or loss

    total $4,236 · excluded $4,236

  • 11a · Other revenue: SERVICES

    total $9,134 · related or exempt $9,134

  • 11e · Other revenue, total

    $9,134

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $163,401

  • 7 · Other salaries and wages

    total $211,491

  • 8 · Pension plan contributions

    total $4,772

  • 9 · Other employee benefits

    total $53,255

  • 10 · Payroll taxes

    total $29,734

  • 11c · Fees: accounting

    total $15,247

  • 11f · Fees: investment management

    total $12,306

  • 11g · Fees: other

    total $80,601

  • 12 · Advertising and promotion

    total $2,134

  • 13 · Office expenses

    total $51,652

  • 14 · Information technology

    total $24,866

  • 16 · Occupancy

    total $102,041

  • 19 · Conferences, conventions and meetings

    total $276,103

  • 22 · Depreciation, depletion and amortization

    total $11,734

  • 23 · Insurance

    total $11,009

  • 24a · Other expenses: BOARD/PRESIDENT EXPENSE

    total $7,188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,280 · end of year $179,650

  • 2 · Savings and temporary cash investments

    beginning of year $72,401 · end of year $37,251

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,036 · end of year $36,200

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

    $195,172

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

    $189,541

  • 10c · Land, buildings and equipment, net

    beginning of year $11,198 · end of year $5,631

  • 11 · Investments: publicly traded securities

    beginning of year $762,703 · end of year $793,572

  • 15 · Other assets

    beginning of year $110,467 · end of year $2,569

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,214 · end of year $26,956

  • 19 · Deferred revenue

    beginning of year $342,279 · end of year $411,597

  • 25 · Other liabilities

    beginning of year $116,953 · end of year $2,686

  • 27 · Net assets without donor restrictions

    beginning of year $682,639 · end of year $613,634

Mission and programs · 2022

Mission

TO ADVANCE A SUCCESSFUL BUSINESS CLIMATE BY ATTENDING TO THE CIVIC, ECONOMIC AND CULTURAL BETTERMENT OF OUR COMMUNITY. WE ACHIEVE THIS THROUGH THREE CHANNELS: ADVOCACY, CONNECTIVITY, AND EDUCATION.

  • EVENTS: BY PROVIDING SEVERAL PROFESSIONAL DEVELOPMENT AND EDUCATION SEMINARS SUCH AS: "MAKE IT MONDAY" LUNCHEONS, HELD EVERY MONDAY AND IS THE CITY'S NO.1 WEEKLY LUNCHEON, OFFERING CURRENT AND RELEVANT EDUCATIONAL PRESENTATIONS FROM A VARIETY OF SPEAKERS. MORE THAN 45 PROGRAMS ARE PROVIDED ANNUALLY WITH THE NUMBER OF ATTENDEES AVERAGING 35-100 PER WEEK. "CHAMBER ACADEMY" IS AN EDUCATIONAL SEMINAR HELD QUARTERLY, GEARED TOWARDS BUSINESS OWNERS, ENTREPRENEURS, AND YOUNG PROFESSIONALS, THE ACADEMY HOSTS COMMUNITY EXPERTS WHO PRESENT ON A VARIETY OF TOPICS ENCOURAGING ACTIVE ENGAGEMENT AND OPEN DISCUSSION.

  • MEMBERSHIP SERVICES: MEMBERSHIP WITH THE ANCHORAGE CHAMBER ENCOMPASSES THE ORGANIZATION'S MISSION STATEMENT BY PROVIDING ACCESS TO THE KEY CHANNELS OF CONNECTIVITY AND ADVOCACY. THE MANY BENEFITS OF BEING A CHAMBER MEMBER INCLUDE: CONNECTIVITY - THROUGH NETWORKING EVENTS, MEMBER REFERRALS, ADVERTISING, MEMBER CREDIBILITY AND NEW MEMBER SPOTLIGHTS; ADVOCACY - THROUGH WEEKLY MEMBER UPDATES OF LOCAL, STATE, AND REGIONAL ISSUES AND ABILITY TO DIRECTLY IMPACT LOCAL AND STATE ISSUES VIA COMMITTEE INVOLVEMENT.

  • Withheld by Nonprofiteer: this text may name a private individual.

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Nancy Johnson

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Ryann Swalling

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Barbara Amy

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Dianne Blumer

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Dean

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jin Chen

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neal Gunn

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Hannon

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ed Hendrickson

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joy Merriner

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Newman

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tana Skye Nevada

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sheron Patrick

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Danicia Shiryayev

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Scott

    ELECTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Mallard

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Hasquet

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Jordan

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gwen Welch

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vic Angoco

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Booth

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Opsut

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ethan Tyler

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Skeel

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bond Stewart

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caroline Schultz

    APPOINTED MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bruce Bustamante

    PRESIDENT

    Total calculated
    $160,129
    From this org
    $144,716
    From related orgs
    $0
    Other
    $15,413
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,132
    Bonus
    $12,584
    Other
    $0
    Deferred
    $4,342
    Nontaxable benefits
    $11,071
    Filer's total
    $160,129

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202401949349301865

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