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Nonprofiteer
← BAY AREA CHAMBER FOUNDATION INC

Form 990 for tax year 2024

Filed by BAY AREA CHAMBER FOUNDATION INC.

Totals

Total revenue
$185,200
Total expenses
$227,104
Contributions and grants received
$162,200
Grants paid
$13,400
Program service revenue
$0
Investment income
$0
Other revenue
$23,000
Total assets, end of year
$276,135
Total liabilities, end of year
$197,292
Net assets or fund balances, end of year
$78,843
Program services expenses (Part IX)
$152,205
Management and general expenses
$74,899
Fundraising expenses
$0
Program service expenses (Part III)
$152,205

Program services were 67.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $162,200

  • 11a · Other revenue: TRANFER FROM AFFILIATE

    total $23,000 · related or exempt $23,000

  • 11e · Other revenue, total

    $23,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,400 · program services $13,400

  • 11g · Fees: other

    total $67,000 · management and general $67,000

  • 12 · Advertising and promotion

    total $14,018 · program services $14,018

  • 13 · Office expenses

    total $1,538 · program services $1,359 · management and general $179

  • 21 · Payments to affiliates

    total $23,627 · program services $23,627

  • 24a · Other expenses: LSP PROJECT

    total $61,996 · program services $61,996

  • 24b · Other expenses: PROGRAM AND EVENT EXPEN

    total $37,306 · program services $35,806 · management and general $1,500

  • 24c · Other expenses: BANK FEES

    total $5,943 · management and general $5,943

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $2,276 · program services $1,999 · management and general $277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $99,199 · end of year $208,290

  • 4 · Accounts receivable

    beginning of year $3,000 · end of year $20,875

  • 9 · Prepaid expenses and deferred charges

    end of year $24,501

  • 15 · Other assets

    beginning of year $50,472 · end of year $22,469

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,924 · end of year $4,095

  • 19 · Deferred revenue

    beginning of year $15,000 · end of year $193,197

  • 27 · Net assets without donor restrictions

    beginning of year $120,747 · end of year $74,917

  • 28 · Net assets with donor restrictions

    end of year $3,926

Mission and programs · 2024

Mission

HELPING LEADERS GROW AND BUSINESSES START BY ALLOWING THE CHAMBER TO REACH INTO THE COMMUNITY FIRST-HAND AND PROVIDE RESOURCES NECESSARY TO CONDUCT RESEARCH, SCHOLARSHIPS AND HOST EDUCATIONAL EVENTS FOCUSED ON THE AREAS OF EQUITY, ENTREPRENEURIAL AND WORKFORCE DEVELOPMENT, HOUSING, TRANSPORTATION AND COMMUNITY NEEDS.

Activities or mission (Part I)

TO CONDUCT AND SUPPORT THE ST. PETERSBURG AREA CHAMBER OF COMMERCE'SEDUCATIONAL AND CHARITABLE PROGRAMS FOCUSING ON BUSINESS AND COMMUNITYDEVELOPMENT.

  • LEADERSHIP ST. PETE CLASS COMMUNITY PROJECT IS A CIVIC-ENGAGEMENT, COMMUNITY SERVICE PROJECT THAT IS COMPLETED DURING THE TERM OF THE PROGRAM. THE 2024 COMMUNITY PROJECT ENHANCED THE ST. PETE YOUTH FARM'S MULTI-USE AREAS BY ADDING SHADE AND RAIN PROTECTION, IMPROVING THE MAIN GATHERING SPACE WITH COMFORTABLE, PERMANENT SEATING, AND UPGRADING THE OUTDOOR KITCHEN AND FOOD PREPARATION AREAS TO BETTER SERVE LOCAL RESIDENTS. THIS PROJECT NOT ONLY PROVIDED THE YOUTH FARM WITH MUCH-NEEDED PHYSICAL IMPROVEMENTS BUT ALSO BUILT AWARENESS AND SUPPORT FOR THE ORGANIZATION'S MISSION TO OFFER HANDS-ON LEARNING EXPERIENCES AND PROGRAMMING TO TEENS.

    Expenses $70,283 · Grants $9,000 · Revenue $23,000

  • LEADERSHIP ALLIANCE BRINGS TOGETHER COMMUNITY LEADERS TO ENSURE ALIGNMENT WITH THE CITY OF ST. PETE'S PILLARS OF PROGRESS. THIS INITIATIVE SUCCEEDING THE GROW SMARTER INITIATIVE IMPLEMENTED IN 2015 THAT PARTNERSHIP BETWEEN THE CHAMBER AND LOCAL LEADERS LED TO THE ST. PETERSBURG ECONOMIC DEVELOPMENT COUNCIL'S (EDC) CREATION, THE INNOVATION DISTRICT'S FORMATION AND THE ST. PETE GREENHOUSE'S DEVELOPMENT.

    Expenses $42,114

  • HIRE THE ST. PETE WAY IS A ROBUST COMMUNITY INITIATIVE. HIRE (HIRING, INTERNING, RESKILLING, EMPOWERING.) - THE ST. PETE WAY IDENTIFIES GAPS AND BARRIERS THAT MAY BE HINDERING BUSINESSES AND INDIVIDUALS FROM REACHING THEIR FULL POTENTIAL. IN 2024 THE INITIATIVE BEGAN A COMPREHENSIVE ASSET MAPPING STUDY TO IDENTIFY KEY INSTITUTIONS, PROGRAMS, AND SERVICES ENGAGED IN WORKFORCE DEVELOPMENT TO CREATE A COHESIVE AND ACTIONABLE ROADMAP FOR OUR CITY'S GROWTH.

    Expenses $39,808 · Grants $4,400

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jason Spears

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Owen Lafave

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jason Jensen

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Patrick Causey

    VICE CHAIR - ADVOCACY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ryan Quinty

    VICE CHAIR - MEMBER CONNECT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Christian Hardigree

    VICE CHAIR - FUTURE OF WORK

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Patricia Clynes

    VICE CHAIR - SECT/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Roy Binger

    VICE CHAIR - GREENHOUSE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dr Shameka Jones

    VICE CHAIR - DEI

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Chris Steinocher

    PRESIDENT/CEO

    Total calculated
    $291,853
    From this org
    $0
    From related orgs
    $256,564
    Other
    $35,289
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,164 related
    Bonus
    $0 + $58,500 related
    Other
    $0 + $6,900 related
    Deferred
    $0 + $7,605 related
    Nontaxable benefits
    $0 + $27,684 related
    Filer's total
    $0 + $291,853 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART II, LINE 2
THE W-2 WAGES REPORTED FOR CHRIS STEINOCHER ARE FROM BOX 5, MEDICARE WAGES OF $256,564.48. THE BASE COMPENSATION DOES NOT INCLUDE PRE-TAX DEDUCTIONS OF $3,835.52. HIS GROSS BASE COMPENSATION FOR 2024 WAS $260,400 BEFORE REDUCTION FOR PRE-TAX DEDUCTIONS.

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.

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
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202522969349301427

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