Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $1,011,839

• 1d · Related organizations

  $605,435

• 2a · Program service revenue: Member Services Revenue

  total $723,275 · related or exempt $723,275

• 2b · Program service revenue: ECONOMIC DEVELOPMENT REVENUE

  total $1,055,967 · related or exempt $1,055,967

• 2c · Program service revenue: VISITOR CENTER REVENUE

  total $246,864 · related or exempt $246,864

• 2d · Program service revenue: PUBLIC POLICY REVENUE

  total $89,891 · related or exempt $89,891

• 2e · Program service revenue: AFFINITY PROGRAM

  total $9,107 · unrelated business $9,107

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $51,190 · excluded $51,190

• 6a · Gross rents

  real property $88,957

• 6c · Rental income or loss

  real property $88,957 · personal property $0

• 6d · Net rental income or loss

  total $88,957 · related or exempt $88,957

• 7c · Gain or loss

  securities $0 · other assets $0

• 8a · Fundraising events: gross income

  $144,225

• 8b · Fundraising events: direct expenses

  $69,702

• 8c · Net income from fundraising events

  total $74,523 · excluded $74,523

• 10a · Gross sales of inventory

  $136,840

• 10c · Net income from sales of inventory

  total $136,840 · excluded $136,840

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $94,997 · excluded $94,997

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $94,997

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $362,573

• 7 · Other salaries and wages

  total $1,890,236

• 8 · Pension plan contributions

  total $108,872

• 9 · Other employee benefits

  total $194,951

• 10 · Payroll taxes

  total $152,959

• 11b · Fees: legal

  total $3,911

• 11c · Fees: accounting

  total $33,106

• 11g · Fees: other

  total $0

• 13 · Office expenses

  total $17,408

• 14 · Information technology

  total $60,592

• 16 · Occupancy

  total $120,546

• 17 · Travel

  total $22,439

• 19 · Conferences, conventions and meetings

  total $7,801

• 20 · Interest

  total $14,957

• 22 · Depreciation, depletion and amortization

  total $89,729

• 23 · Insurance

  total $20,037

• 24a · Other expenses: MEMBER SERVICES

  total $541,350

• 24b · Other expenses: ECONOMIC DEVELOPMENT

  total $338,746

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $144,249

• 24d · Other expenses: PUBLIC POLICY

  total $120,719

• 24e · All other expenses

  total $15,513

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $224,004 · end of year $78,955

• 2 · Savings and temporary cash investments

  beginning of year $1,208,081 · end of year $1,222,974

• 3 · Pledges and grants receivable

  beginning of year $1,730 · end of year $5,000

• 4 · Accounts receivable

  beginning of year $226,229 · end of year $258,797

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $129,947 · end of year $96,093

• 9 · Prepaid expenses and deferred charges

  beginning of year $710 · end of year $14,082

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

  $4,543,204

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

  $1,868,390

• 10c · Land, buildings and equipment, net

  beginning of year $2,757,943 · end of year $2,674,814

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $59,630 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $201,144 · end of year $24,314

• 19 · Deferred revenue

  beginning of year $250,698 · end of year $289,280

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $465,593 · end of year $418,263

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,690,839 · end of year $3,618,858

The filer's explanations (Part III)

Schedule J, Part I, Line 3

The performance review of the President/CEO was conducted by 3 independent board members. These board members, through their business activity, understand executive compensation levels in our region.