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Nonprofiteer
← BEDFORD CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by BEDFORD CHAMBER OF COMMERCE.

Totals

Total revenue
$167,016
Total expenses
$198,033
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$104,468
Investment income
$5,610
Other revenue
$56,938
Total assets, end of year
$435,342
Total liabilities, end of year
$34,562
Net assets or fund balances, end of year
$400,780
Program services expenses (Part IX)
$173,091
Management and general expenses
$9,359
Fundraising expenses
$15,583
Program service expenses (Part III)
$173,091

Program services were 87.4% 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.

  • 2a · Program service revenue: MEMBERSHIP

    total $99,161 · excluded $99,161

  • 2b · Program service revenue: BUSINESS AFTER HOURS

    total $3,800 · excluded $3,800

  • 2c · Program service revenue: HTC LEADERSHIP

    total $1,500 · excluded $1,500

  • 2d · Program service revenue: CREDIT CARD FEE

    total $7 · excluded $7

  • 3 · Investment income

    total $5,610 · excluded $5,610

  • 8a · Fundraising events: gross income

    $28,430

  • 8c · Net income from fundraising events

    total $28,430

  • 11a · Other revenue: LCEGC REIMBURSEMENT

    total $27,587 · excluded $27,587

  • 11b · Other revenue: MISC

    total $921 · excluded $921

  • 11e · Other revenue, total

    $28,508

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $71,847 · program services $71,847

  • 10 · Payroll taxes

    total $5,757 · program services $2,879 · management and general $1,439 · fundraising $1,439

  • 11c · Fees: accounting

    total $7,920 · management and general $7,920

  • 11g · Fees: other

    total $23,000 · program services $23,000

  • 16 · Occupancy

    total $24,763 · program services $24,763

  • 17 · Travel

    total $692 · program services $692

  • 19 · Conferences, conventions and meetings

    total $4,922 · program services $4,922

  • 22 · Depreciation, depletion and amortization

    total $8,138 · program services $8,138

  • 24a · Other expenses: TECHNOLOGY

    total $13,955 · program services $13,955

  • 24b · Other expenses: ANNUAL DINNER

    total $8,606 · fundraising $8,606

  • 24c · Other expenses: OFFICE SUPPLIES

    total $6,467 · program services $6,467

  • 24d · Other expenses: MARKETING

    total $5,347 · program services $4,010 · fundraising $1,337

  • 24e · All other expenses

    total $16,619 · program services $12,418 · fundraising $4,201

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,225 · end of year $135,048

  • 2 · Savings and temporary cash investments

    beginning of year $137,988 · end of year $140,858

  • 4 · Accounts receivable

    beginning of year $2,350 · end of year $259

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

    $335,054

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

    $175,877

  • 10c · Land, buildings and equipment, net

    beginning of year $167,314 · end of year $159,177

  • 15 · Other assets

    beginning of year $35,499

  • 25 · Other liabilities

    beginning of year $2,582 · end of year $34,562

  • 31 · Retained earnings, endowment or other funds

    beginning of year $431,794 · end of year $400,780

Mission and programs · 2023

Mission

TO PROMOTE TRADE, INDUSTRY, TOURISM AND QUALITY OF LIFE IN BEDFORD-LAWRENCE COUNTY, AND CREATE AN ENVIRONMENT TO ADVANCE BUSINESS AND CIVIC INTERESTS.

  • THE CHAMBER PROMOTES BUSINESSES AND EMPLOYMENT OPPORTUNITIES IN LAWRENCE COUNTY, BEDFORD, INDIANA. THE CHAMBER OFFERS BUSINESS NETWORKING OPPORTUNITIES WITH THE BUSINESS BEFORE AND AFTER HOURS PROGRAMS, DIRECTORY SALES GUIDE, AND THE "BUY-INDIANA" PROGRAM.

    Expenses $173,091

  • PROMOTE TRADE, INDUSTRY, TOURISM AND QUALITY OF LIFE IN BEDFORD-LAWRENCE COUNTY, INDIANA.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Katherine Beauchamp

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Ashlynne Bender

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Victoria Dinges

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Jordan Eickelberger

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Eugene Kim

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • William King

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Tyson Knight

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kristi Kyger

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Leah Lynch

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Jade McCracken

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Tony Mottley

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Zarod Myers

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Alyssa Prince

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jason Terrell

    BOD

    Total calculated
    $0
    Hours/week
    1
  • Nathan Watson

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Shance Sizemore

    CEO

    Total calculated
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 May 2024
IRS schema version
2023v5.0
Source object
202412219349301006

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