Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $616,902

• 1e · Government grants (contributions)

  $1,890,824

• 1f · All other contributions, gifts and grants

  $12,877

• 1g · Noncash contributions included above

  $12,877

• 2a · Program service revenue: Member Services

  total $437,105 · related or exempt $427,855 · unrelated business $9,250

• 2b · Program service revenue: Commumity Development

  total $246,103 · related or exempt $237,603 · unrelated business $8,500

• 2c · Program service revenue: Economic Development

  total $18,850 · related or exempt $18,850

• 3 · Investment income

  total $51,012 · excluded $51,012

• 5 · Royalties

  total $13,408 · excluded $13,408

• 11a · Other revenue: Other Income

  total $1,051 · related or exempt $1,051

• 11e · Other revenue, total

  $1,051

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $342,794

• 7 · Other salaries and wages

  total $1,100,683

• 9 · Other employee benefits

  total $316,327

• 10 · Payroll taxes

  total $104,588

• 11a · Fees: management

  total $161,855

• 11d · Fees: lobbying

  total $32,904

• 12 · Advertising and promotion

  total $103,978

• 14 · Information technology

  total $17,880

• 16 · Occupancy

  total $177,274

• 19 · Conferences, conventions and meetings

  total $26,954

• 22 · Depreciation, depletion and amortization

  total $40,448

• 24a · Other expenses: Program Expenses

  total $675,290 · program services $675,290

• 24b · Other expenses: Board and Staff Expenses

  total $47,678 · program services $47,678

• 24c · Other expenses: Membership Expenses

  total $12,892 · program services $12,892

• 24e · All other expenses

  total $9,459

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $200 · end of year $200

• 2 · Savings and temporary cash investments

  beginning of year $2,650,129 · end of year $2,644,730

• 4 · Accounts receivable

  beginning of year $472,246 · end of year $539,871

• 9 · Prepaid expenses and deferred charges

  beginning of year $84,361 · end of year $74,665

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

  $694,113

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

  $84,707

• 10c · Land, buildings and equipment, net

  beginning of year $33,458 · end of year $609,406

• 15 · Other assets

  beginning of year $57,465 · end of year $2,083,034

• 17 · Accounts payable and accrued expenses

  beginning of year $110,212 · end of year $100,222

• 19 · Deferred revenue

  beginning of year $222,065 · end of year $120,859

• 25 · Other liabilities

  beginning of year $63,376 · end of year $2,711,491

• 27 · Net assets without donor restrictions

  beginning of year $2,902,206 · end of year $3,019,334

The filer's explanations (Part III)

General Explanation Attachment

There are no related organizations. The Olathe Chambers compensation committee currently in office, exclusive of members who have a conflict of interest, either individually or on behalf of the business member they represent, because the executive committee member or business he or she represents has, during the current year, provided goods or services to the chamber for compensation and the excutive committee member of the business he or she represents anticipates that it will, during the coming year, provide goods or services to the chamber for compensation or bid on the opportunity to do so. The compensation committee will establish and, at least annually, make recommendations to the board to adjust the chief executive officers compensation and benefits. Compensation decisions will be based on the following factors; the chambers budget as approved by the board of directors, compensation of employees with similar qualifications and responsibilities in other not-for-profit organizations, and based on actual information and industry surveys.