Form 990 for tax year 2022
Filed by CAROLINAS LGBT CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $351,460
- Total expenses
- $285,053
- Contributions and grants received
- $334,308
- Grants paid
- $0
- Program service revenue
- $16,895
- Investment income
- $257
- Other revenue
- $0
- Total assets, end of year
- $214,067
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $214,067
- Program services expenses (Part IX)
- $277,150
- Management and general expenses
- $7,903
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $277,150
Program services were 97.2% 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.
-
1b · Membership dues
$195,933
-
1e · Government grants (contributions)
$125,000
-
1f · All other contributions, gifts and grants
$13,375
-
2a · Program service revenue: MONTHLY EVENTS
total $4,700 · related or exempt $4,700
-
2b · Program service revenue: GALA
total $12,195 · related or exempt $12,195
-
3 · Investment income
total $257 · related or exempt $257
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $8,232 · program services $8,232
-
10 · Payroll taxes
total $630 · program services $630
-
11a · Fees: management
total $74,795 · program services $73,523 · management and general $1,272
-
11c · Fees: accounting
total $642 · program services $642
-
12 · Advertising and promotion
total $10,972 · program services $10,972
-
13 · Office expenses
total $4,787 · program services $4,172 · management and general $615
-
16 · Occupancy
total $14,920 · program services $14,920
-
19 · Conferences, conventions and meetings
total $158,567 · program services $152,551 · management and general $6,016
-
23 · Insurance
total $515 · program services $515
-
24a · Other expenses: CREDIT CARD FEESBANK FEES
total $3,868 · program services $3,868
-
24b · Other expenses: DUES & MEMBERSHIPS
total $1,371 · program services $1,371
-
24c · Other expenses: WEBSITE
total $3,754 · program services $3,754
-
24d · Other expenses: SPONSORSHIPS
total $2,000 · program services $2,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $147,660 · end of year $11,867
-
2 · Savings and temporary cash investments
end of year $202,200
-
31 · Retained earnings, endowment or other funds
beginning of year $147,660 · end of year $214,067
Mission and programs · 2022
Mission
FOSTER EQUITY, INCLUSION AND ECONOMIC PROSPERITY FOR THE LGBTQ COMMUNITY THROUGH STRATEGIC POLICY, PROFESSIONAL ENRICHMENT, ALLY PARTNERSHIPS AND ECONOMIC DEVELOPMENT.
-
SUPPLIER DIVERSITY INTIATIVES - THIS PROGRAM FOCUSES ON EMPOWERING MINORITY SMALL BUSINESSES WITHIN THE LGBTQ+ COMMUNITY THROUGH COMPREHENSIVE TRAINING, GUIDANCE, AND SUPPORT. WE OFFER ASSISTANCE TO THESE BUSINESSES TO HELP THEM OBTAIN CERTIFICATIONS, NAVIGATE PROCUREMENT OPPORTUNITIES, AND ENHANCE THEIR ABILITY TO RESPOND TO RFPS. THIS PROGRAM IS A CATALYST FOR FOSTERING INCLUSIVITY, ECONOMIC GROWTH, AND BUSINESS SUCCESS.
Expenses $32,035
-
ANNUAL AWARDS GALA - ANNUAL EVENT FOCUSING ON BUSINESS AND COMMUNITY MEMBERS WHO HAVE MADE SIGNIFICANT IMPACTS ACROSS THE REGION.
Expenses $31,703
-
LUNCH & LEARN SERIES AND OTHER NETWORKING EVENTS - ENGAGE AND EDUCATE THROUGH OUR LUNCH & LEARN SERIES, WHERE PROFESSIONALS COME TOGETHER FOR INTERACTIVE SESSIONS ON DIVERSE TOPICS. ATTENDEES CAN EXPAND THEIR KNOWLEDGE, NETWORK WITH INDUSTRY LEADERS, AND ENJOY A PRODUCTIVE LUNCH HOUR FILLED WITH VALUABLE INSIGHTS.
Expenses $26,491
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
M Stephen MaddoxM STEPHEN MADDOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Preston RichardsonPRESTON RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Becky KnightBECKY KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Kelly PoseyKELLY POSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Matthew HumphreyMATTHEW HUMPHREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Janellemarie JarvisJANELLEMARIE JARVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Xzavier BostonXZAVIER BOSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Nate TurnerNATE TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Jen CarbutoJEN CARBUTO
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Tiffany KeatonTIFFANY KEATON
CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Bryan VanhuysteeBRYAN VANHUYSTEE
DIRECTOR OF FINANCE
- Total calculated
- $0
- Hours/week
- 15
-
Jason MortonJASON MORTON
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Jessica MilicevicJESSICA MILICEVIC
DIRECTOR OF COMMUNICATIONS
- Total calculated
- $0
- Hours/week
- 15
-
Chad TurnerCHAD TURNER
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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333209349300948
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