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Nonprofiteer
← COLUMBUS AREA CHAMBER FOUNDATION INC

Form 990 for tax year 2025

Filed by COLUMBUS AREA CHAMBER FOUNDATION INC.

Totals

Total revenue
$581,080
Total expenses
$593,825
Contributions and grants received
$581,080
Grants paid
$188,400
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$740,481
Total liabilities, end of year
$29,224
Net assets or fund balances, end of year
$711,257
Program services expenses (Part IX)
$592,718
Management and general expenses
$1,107
Fundraising expenses
$0
Program service expenses (Part III)
$592,718

Program services were 99.8% 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.

  • 1f · All other contributions, gifts and grants

    $581,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $188,400 · program services $188,400

  • 11c · Fees: accounting

    total $3,348 · program services $2,270 · management and general $1,078

  • 12 · Advertising and promotion

    total $3,341 · program services $3,341

  • 13 · Office expenses

    total $8,388 · program services $8,359 · management and general $29

  • 16 · Occupancy

    total $59,270 · program services $59,270

  • 22 · Depreciation, depletion and amortization

    total $22,470 · program services $22,470

  • 23 · Insurance

    total $10,604 · program services $10,604

  • 24a · Other expenses: EVENT EXPENSES

    total $294,767 · program services $294,767

  • 24b · Other expenses: EQUIPMENT MAINTENANCE

    total $3,237 · program services $3,237

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $533,182 · end of year $571,281

  • 10a · Land, buildings and equipment: cost or other basis

    $240,067

  • 10b · Land, buildings and equipment: accumulated depreciation

    $70,867

  • 10c · Land, buildings and equipment, net

    beginning of year $191,670 · end of year $169,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $850 · end of year $29,224

  • 27 · Net assets without donor restrictions

    beginning of year $211,388 · end of year $210,281

  • 28 · Net assets with donor restrictions

    beginning of year $512,614 · end of year $500,976

Mission and programs · 2025

Mission

THE COLUMBUS AREA CHAMBER FOUNDATION ENCOMPASSES A DIVERSE ARRAY OF COMMUNITY PROGRAMS DEDICATED TO FOSTERING ENTREPRENEURSHIP, DRIVING ECONOMIC DEVELOPMENT, AND ATTRACTING AND RETAINING TALENT.

Activities or mission (Part I)

TO ORGANIZE ECONOMIC PROGRAMS TO BENEFIT THE RESIDENTS OF COLUMBUS/BARTHOLOMEW COUNTY.

  • THE COLUMBUS PROPELLER WAS FORMED IN MARCH 2021 TO CREATE A MAKERSPACE FOR THE COMMUNITY. TARGETED NVESTMENT IN MINORITY ENTREPRENEURS (TIME) WAS CREATED TO BUILD FINANCIAL BRIDGES AND INCREASE THE LIKELIHOOD OF SUCCESS FOR LOCAL MINORITY ENTREPRENEURS. THE FOUNDATION RECEIVES THE FUNDING FOR TIME AND MANAGES THE EXPENSES. COLUMBUS CATALYST IS A PROGRAM DESIGNED TO FUEL THE SUCCESS OF ENTREPRENEURS IN THE COLUMBUS, INDIANA REGION. IT CONNECTS STARTUPS, SMALL BUSINESS OWNERS, AND ASPIRING FOUNDERS WITH THE RESOURCES, MENTORSHIP, EVENTS, AND COMMUNITY THEY NEED TO THRIVE. THROUGH PERSONALIZED COACHING, PEER LEARNING, AND ACCESS TO LOCAL EXPERTS, CATALYST HELPS PARTICIPANTS MOVE FROM IDEA TO EXECUTIONOR FROM EARLY GROWTH TO LONG-TERM SUSTAINABILITY. THE FOUNDATION IS THE FISCAL AGENT FOR ALL THREE PROGRAMS. IN 2024, THE PROAM TOURNAMENT WAS CREATED AS A FUNDING AID FOR THE COLUMBUS PROPELLER PROGRAM.

    Expenses $592,718 · Grants $188,400

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Carothers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mandy Wyant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelsey Declue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Frey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jonas Howell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nick Sprague

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • COLUMBUS AREA CHAMBER OF COMMERCE

    $24,000

    FUNDS TO ASSIST CHAMBER OF COMMERCE

  • GREATER COLUMBUS INDIANA EDC

    $16,000

    FUNDS TO ASSIST LOCAL ECONOMIC DEVELOPMENT COUNCIL

  • KLJ OUTDOOR SERVICES

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • LEMONAID BROS LLC

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • GAINES CREATIVE EXPRESSIONS

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • AJ'S DAYCARE LLC

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • TACOLUMBUS

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • IRINA SORRELS ACADEMY LLC

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • ROADMAP LODGING SOLUTIONS

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

  • STUDIO SHAG SALON AND BOUTIQUE

    $10,000

    FUNDS TO ASSIST MINORITY OWNED BUSINESSES.

The 10 largest by cash amount. The API serves every itemized grant.

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
2025
Filed
21 July 2026
IRS schema version
2025v4.2
Source object
202602049349300245

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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