Form 990 for tax year 2024
Filed by MONTGOMERY AREA CHAMBER OF COMMERCE FOUNDATION INC.
Totals
- Total revenue
- $803,217
- Total expenses
- $996,806
- Contributions and grants received
- $902,054
- Grants paid
- $0
- Program service revenue
- $49,711
- Investment income
- $1,223
- Other revenue
- -$149,771
- Total assets, end of year
- $2,329,804
- Total liabilities, end of year
- $5,955
- Net assets or fund balances, end of year
- $2,323,849
- Program services expenses (Part IX)
- $683,016
- Management and general expenses
- $313,790
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $683,016
Program services were 68.5% 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
$49,462
-
1e · Government grants (contributions)
$674,792
-
1f · All other contributions, gifts and grants
$177,800
-
2a · Program service revenue: RENTAL INCOME
total $49,711 · related or exempt $49,711
-
3 · Investment income
total $1,223 · excluded $1,223
-
6b · Less rental expenses
real property $149,771
-
6c · Rental income or loss
real property -$149,771
-
6d · Net rental income or loss
total -$149,771 · excluded -$149,771
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $6,519 · program services $1,956 · management and general $4,563
-
11c · Fees: accounting
total $10,000 · program services $10,000
-
13 · Office expenses
total $21,902 · management and general $21,902
-
16 · Occupancy
total $229,148 · management and general $229,148
-
22 · Depreciation, depletion and amortization
total $71,971 · program services $21,516 · management and general $50,455
-
23 · Insurance
total $11,031 · program services $3,309 · management and general $7,722
-
24a · Other expenses: CONTRIBUTION EXPENSE
total $285,060 · program services $285,060
-
24b · Other expenses: CIVIC AND ECONOMIC
total $200,273 · program services $200,273
-
24c · Other expenses: EDUCATION EXPENSES
total $160,902 · program services $160,902
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1
-
2 · Savings and temporary cash investments
beginning of year $865,644 · end of year $735,091
-
10a · Land, buildings and equipment: cost or other basis
$2,264,626
-
10b · Land, buildings and equipment: accumulated depreciation
$669,914
-
10c · Land, buildings and equipment, net
beginning of year $1,658,507 · end of year $1,594,712
-
25 · Other liabilities
beginning of year $6,713 · end of year $5,955
-
27 · Net assets without donor restrictions
beginning of year $2,400,738 · end of year $2,067,422
-
28 · Net assets with donor restrictions
beginning of year $116,700 · end of year $256,427
Mission and programs · 2024
Mission
PROMOTE CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND CULTURAL ACTIVITIES IN THE CITY OF MONTGOMERY, ALABAMA.
-
EXPENSES RELATED TO THE HISTORICAL PRESERVATION AND PROMOTION OF THE MONTGOMERY AREA.
Expenses $485,333
-
EXPENSES RELATED TO ASSISTING SMALL BUSINESSES IN THE MONTGOMERY AREA. THIS INCLUDES EXPENSES FOR OPERATIONS OF THE BUSINESS RESOURCE CENTER AS WELL AS A COVID GRANT FUND, BOTH OF WHICH HAVE THE PURPOSE OF REDUCING UNEMPLOYMENT AND INCREASING THE NUMBER OF QUALITY JOBS.
Expenses $36,781 · Revenue $49,711
-
EXPENSES RELATED TO EDUCATION AND LEADERSHIP INCLUDING SPONSORSHIP OF BACCALAUREATE WORKSHOPS AND LEADERSHIP ACADEMY PROGRAMS.
Expenses $160,902
As filed on the 2024 return.
Listed in Part VII
-
Labarron BooneLABARRON BOONE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Caryn HughesCARYN HUGHES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacia RobinsonSTACIA ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert BirminghamROBERT BIRMINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie SandersLESLIE SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Russ TynerRUSS TYNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anna BuckalewANNA BUCKALEW
EXECUTIVE DI
- Total calculated
- $347,214
- From this org
- $0
- From related orgs
- $323,373
- Other
- $23,841
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported + $268,373 related
- Bonus
- not reported + $55,000 related
- Other
- not reported
- Deferred
- not reported + $11,232 related
- Nontaxable benefits
- not reported + $12,609 related
- Filer's total
- not reported + $347,214 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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, PAGE 1, PART I, LINE 4
- ANNA BUCKALEW 0 1,250 0
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.
-
MONTGOMERY AREA CHAMBER OF COMMERCE
501C6 · TRADE ASSO · AL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503219349322290
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