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Nonprofiteer
← MCLARAN LEADERSHIP FOUNDATION

Form 990 for tax year 2023

Filed by MCLARAN LEADERSHIP FOUNDATION.

Totals

Total revenue
$217,633
Total expenses
$88,718
Contributions and grants received
$196,617
Grants paid
$0
Program service revenue
$79,340
Investment income
$2,846
Other revenue
-$61,170
Total assets, end of year
$127,691
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$127,691
Program services expenses (Part IX)
$76,363
Management and general expenses
$12,355
Fundraising expenses
$0
Program service expenses (Part III)
$76,363

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KATHY GORDON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • RANDY SUTTON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • MELISSA MASON

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • DIANE MCLARAN KRICHEVSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • JEFF DUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • JONATHAN CASTRO MONROY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • JIM SPARKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • ANGELA WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • RYAN TRIBBETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • ELLEN YIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • TRAVIS JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • TOM HOFFERT

    EXECUTIVE DIRECTOR

    Total calculated
    $183,783
    From this org
    $0
    From related orgs
    $168,629
    Other
    $15,154
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $168,629 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,154 related
    Filer's total
    $0 + $183,783 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 1, QUESTION 3
THE SALARY AND BENEFITS OF THE EXECUTIVE DIRECTOR OF THE SALEM AREA CHAMBER OF COMMERCE ARE DETERMINED BY A WRITTEN CONTRACT WITH THE SALEM CHAMBER. IN ADDITION, THAT CONTRACT, INCLUDING COMPENSATION AND BENEFITS, IS REVIEWED ANNUALLY AND APPROVED BY A COMPENSATION COMMITTEE OF THE SALEM CHAMBER BOARD.

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.

  • SALEM AREA CHAMBER OF COMMERCE

    501(C)(6) · CHAMBER OF COMMERCE · OR

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349327210

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