Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $221,390

• 1c · Fundraising events

  $6,102

• 1d · Related organizations

  $45,452

• 1e · Government grants (contributions)

  $48,116

• 1f · All other contributions, gifts and grants

  $106,348

• 2a · Program service revenue: MEMBERSHIP DUES

  total $1,229,685 · related or exempt $1,229,685

• 2b · Program service revenue: EDUCATION PROGRAMS

  total $424,190 · related or exempt $424,190

• 2c · Program service revenue: NETWORKING PROGRAMS

  total $198,606 · related or exempt $198,606

• 2d · Program service revenue: ECONOMIC DEVELOPMENT

  total $57,095 · related or exempt $57,095

• 3 · Investment income

  total $45,710 · excluded $45,710

• 8a · Fundraising events: gross income

  $80,400

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

  $6,102

• 8b · Fundraising events: direct expenses

  $15,592

• 8c · Net income from fundraising events

  total $64,808 · excluded $64,808

• 11a · Other revenue: INSURANCE - HEALTH

  total $275,000 · related or exempt $162,688 · unrelated business $112,312

• 11b · Other revenue: INSURANCE - WC

  total $145,000 · related or exempt $107,000 · unrelated business $38,000

• 11c · Other revenue: CONTRACTS AND PRODUCTS

  total $36,628 · related or exempt $8,895 · unrelated business $27,733

• 11e · Other revenue, total

  $456,628

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $506,537

• 7 · Other salaries and wages

  total $806,046

• 9 · Other employee benefits

  total $215,029

• 10 · Payroll taxes

  total $94,150

• 11a · Fees: management

  total $27,263

• 11b · Fees: legal

  total $11,218

• 11c · Fees: accounting

  total $21,000

• 11g · Fees: other

  total $64,262

• 12 · Advertising and promotion

  total $67,608

• 13 · Office expenses

  total $75,630

• 14 · Information technology

  total $11,538

• 16 · Occupancy

  total $80,099

• 17 · Travel

  total $46,615

• 19 · Conferences, conventions and meetings

  total $61,462

• 22 · Depreciation, depletion and amortization

  total $80,708

• 23 · Insurance

  total $16,384

• 24a · Other expenses: PROJECT EXPENSE

  total $274,252

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $61,158

• 24c · Other expenses: TELEPHONE

  total $36,311

• 24d · Other expenses: REPAIRS & MAINTENENCE

  total $14,728

• 24e · All other expenses

  total $37,885

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $861,349 · end of year $1,016,170

• 2 · Savings and temporary cash investments

  beginning of year $900,501 · end of year $1,260,049

• 4 · Accounts receivable

  beginning of year $777,567 · end of year $714,270

• 9 · Prepaid expenses and deferred charges

  beginning of year $53,031 · end of year $41,728

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

  $764,980

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

  $408,240

• 10c · Land, buildings and equipment, net

  beginning of year $429,108 · end of year $356,740

• 15 · Other assets

  beginning of year $228,974 · end of year $197,703

• 17 · Accounts payable and accrued expenses

  beginning of year $201,118 · end of year $194,639

• 19 · Deferred revenue

  beginning of year $692,393 · end of year $804,850

• 25 · Other liabilities

  beginning of year $364,060 · end of year $292,101

• 27 · Net assets without donor restrictions

  beginning of year $1,992,959 · end of year $2,295,070

The filer's explanations (Part III)

PART I, LINE 1A:

THE ORGANIZATION PAYS FOR DUES FOR THE PRESIDENT & CEO AT THE NCR CLUB. THE PRESIDENT & CEO REIMBURSES THE ORGANIZATION FOR ANY PERSONAL USE AT THE CLUB AND THE CHAMBER UTILIZES THE MEMBERSHIP FOR ORGANIZATIONAL FUNCTIONS.