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Nonprofiteer
← PRESCOTT CHAMBER OF COMMERCEFOUNDATION

Form 990 for tax year 2022

Filed by PRESCOTT CHAMBER OF COMMERCEFOUNDATION.

Totals

Total revenue
$320,835
Total expenses
$371,950
Contributions and grants received
$307,269
Grants paid
$0
Program service revenue
$10,594
Investment income
$1
Other revenue
$2,971
Total assets, end of year
$424,327
Total liabilities, end of year
$58,257
Net assets or fund balances, end of year
$366,070
Program services expenses (Part IX)
$311,520
Management and general expenses
$60,430
Fundraising expenses
$0
Program service expenses (Part III)
$311,520

Program services were 83.8% 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.

  • 1e · Government grants (contributions)

    $50,000

  • 1f · All other contributions, gifts and grants

    $257,269

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $10,594 · related or exempt $10,594

  • 3 · Investment income

    total $1 · excluded $1

  • 8a · Fundraising events: gross income

    $25,311

  • 8b · Fundraising events: direct expenses

    $22,340

  • 8c · Net income from fundraising events

    total $2,971 · excluded $2,971

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $1,615 · management and general $1,615

  • 19 · Conferences, conventions and meetings

    total $612 · management and general $612

  • 20 · Interest

    total $412 · management and general $412

  • 23 · Insurance

    total $2,376 · management and general $2,376

  • 24a · Other expenses: SPECIAL EVENT CHRISTMAS

    total $130,646 · program services $130,646

  • 24b · Other expenses: PROGRAM SUPPLIES AND EXPE

    total $108,238 · program services $108,238

  • 24c · Other expenses: SPECIAL EVENT EXPENSE

    total $74,857 · program services $72,636 · management and general $2,221

  • 24d · Other expenses: CONTRIBUTIONS

    total $51,383 · management and general $51,383

  • 24e · All other expenses

    total $1,811 · management and general $1,811

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $181,310 · end of year $344,102

  • 2 · Savings and temporary cash investments

    beginning of year $23,614 · end of year $23,667

  • 4 · Accounts receivable

    beginning of year $310,000 · end of year $55,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,003 · end of year $1,558

  • 15 · Other assets

    beginning of year $2,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,522 · end of year $15,877

  • 24 · Unsecured notes and loans payable

    beginning of year $42,700 · end of year $42,380

  • 25 · Other liabilities

    beginning of year $10,020

  • 27 · Net assets without donor restrictions

    beginning of year $40,861 · end of year $226,475

  • 28 · Net assets with donor restrictions

    beginning of year $376,324 · end of year $139,595

Mission and programs · 2022

Mission

THE MISSION OF THE PRESCOTT CHAMBER FOUNDATION IS TO COMPLEMENT AND ENHANCE THE PRESCOTT CHAMBER OF COMMERCE THROUGH FUNDRAISING, ENDOWMENT BUILDING, AND LEGACY DEVELOPMENT.

  • ENGAGED IN ACTIVITIES THAT POSITIVELY IMPACTED THE QUALITY OF LIFE IN PRESCOTT, ARIZONA. THE FOUNDATION SUPPORTS THE PROGRAMS FOR PRESCOTT AS THE CHRISTMAS CITY OF ARIZONA, WHICH INCLUDES THE COURTHOUSE LIGHTING. THE "PRESCOTT CARES" PROGRAM HELPS QUALIFYING PRESCOTT BUSINESSES IMPACTED BY THE PANDEMIC WITH RENT, MORTGAGE, AND UTILITY PAYMENTS. THE "PRESCOTT MINOR REPAIR" PROGRAM FOSTERS AFFORDABLE, DECENT, AND SAFE HOUSING IN THE CITY THROUGH ELIGIBLE REPAIRS.

    Expenses $311,520 · Revenue $10,594

As filed on the 2022 return.

Listed in Part VII

  • Mike Fainn

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Darla Deville

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Suzanne Springer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Lenora Bateman

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Joe Howard

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.25

  • Sanford Cohen

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    0.25

  • Sheri Heiney

    PRESIDENT/CE

    Total calculated
    $114,594
    From this org
    $0
    From related orgs
    $114,594
    Other
    $0
    Hours/week
    15 + 30 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.

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349308345

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