Form 990 for tax year 2023
Filed by FORT MADISON CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $485,656
- Total expenses
- $449,563
- Contributions and grants received
- $164,065
- Grants paid
- $0
- Program service revenue
- $243,857
- Investment income
- $4,700
- Other revenue
- $73,034
- Total assets, end of year
- $551,513
- Total liabilities, end of year
- $4,939
- Net assets or fund balances, end of year
- $546,574
- Program services expenses (Part IX)
- $178,758
- Management and general expenses
- $270,805
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $178,758
Program services were 39.8% 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.
-
1b · Membership dues
$148,452
-
1f · All other contributions, gifts and grants
$15,613
-
2a · Program service revenue: COMMITTEES & PROJECTS
total $232,732 · related or exempt $232,732
-
2b · Program service revenue: ADVERTISING
total $11,125 · unrelated business $11,125
-
3 · Investment income
total $4,700 · excluded $4,700
-
11a · Other revenue: LEASED EMPLOYEE INCOME
total $56,972 · related or exempt $56,972
-
11b · Other revenue: REIMBURSEMENT INCOME
total $8,483 · related or exempt $8,483
-
11c · Other revenue: ADMINISTRATIVE INCOME
total $2,802 · related or exempt $2,802
-
11d · All other revenue
total $4,777 · related or exempt $4,777
-
11e · Other revenue, total
$73,034
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $190,685 · management and general $190,685
-
9 · Other employee benefits
total $5,643 · management and general $5,643
-
10 · Payroll taxes
total $14,713 · management and general $14,713
-
11c · Fees: accounting
total $7,070 · management and general $7,070
-
11g · Fees: other
total $1,049 · management and general $1,049
-
12 · Advertising and promotion
total $10,507 · management and general $10,507
-
13 · Office expenses
total $7,556 · management and general $7,556
-
14 · Information technology
total $8,988 · management and general $8,988
-
16 · Occupancy
total $17,617 · management and general $17,617
-
17 · Travel
total $3,467 · management and general $3,467
-
22 · Depreciation, depletion and amortization
total $883 · program services $883
-
23 · Insurance
total $2,449 · management and general $2,449
-
24a · Other expenses: PROGRAM EXPENSE
total $172,214 · program services $172,214
-
24b · Other expenses: COGS
total $5,661 · program services $5,661
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $477 · management and general $477
-
24d · Other expenses: BANK CHARGES
total $439 · management and general $439
-
24e · All other expenses
total $145 · management and general $145
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $240,627 · end of year $246,255
-
2 · Savings and temporary cash investments
beginning of year $233,971 · end of year $289,780
-
4 · Accounts receivable
beginning of year $6,494 · end of year $10,695
-
10a · Land, buildings and equipment: cost or other basis
$6,181
-
10b · Land, buildings and equipment: accumulated depreciation
$1,398
-
10c · Land, buildings and equipment, net
beginning of year $5,666 · end of year $4,783
-
17 · Accounts payable and accrued expenses
beginning of year $2,975 · end of year $4,939
-
27 · Net assets without donor restrictions
beginning of year $483,783 · end of year $546,574
Mission and programs · 2023
Mission
THE MISSION OF THE FORT MADISON CHAMBER OF COMMERCE IS TO PROMOTE RETIAL AND COMMERCIAL DEVELOPMENT AS WELL AS TOURISM IN FORT MADISON AND THE SURROUNDING AREA.
Activities or mission (Part I)
THE MISSION OF THE FORT MADISON CHAMBER OF COMMERCE IS TO PROMOTE RETAIL AND COMMERCIAL DEVELOPMENT AS WELL AS TOURISM IN FORT MADISON AND THE SURROUNDING AREA.
-
ANNUAL ACTIVITIES TO PROMOTE FORT MADISON, IOWA
Expenses $178,758 · Revenue $243,857
-
ANNUAL ACTIVITIES TO PROMOTE TOURISM IN FORT MADISON, IOWA.
As filed on the 2023 return.
Listed in Part VII
-
TIMOTHY GOBBLE
EXECUTIVE DI
- Total calculated
- $84,500
- From this org
- $84,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
JUSTINA CULLEN
DIRECTOR
- Total calculated
- $0
-
CAROL DELANEY
DIRECTOR
- Total calculated
- $0
-
NANETTE GRIFFIN
TREASURER
- Total calculated
- $0
-
MADALYN GRONEWOLD
DIRECTOR
- Total calculated
- $0
-
SCOTT HANNUM
DIRECTOR
- Total calculated
- $0
-
COREY KELCH
DIRECTOR
- Total calculated
- $0
-
ANGELA KING
CHAIR
- Total calculated
- $0
-
MORGAN KOKJOHN
DIRECTOR
- Total calculated
- $0
-
KIM MILLER
DIRECTOR
- Total calculated
- $0
-
JESS SUTCLIFFE
DIRECTOR
- Total calculated
- $0
-
DEREK SWAN
DIRECTOR
- Total calculated
- $0
-
DARCIE UHLMEYER
DIRECTOR
- Total calculated
- $0
-
RYAN WILSON
CHAIR ELECT
- Total calculated
- $0
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
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431359349309498
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