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Nonprofiteer
← FRANKFORT CHAMBER OF COMMERCE INC

Form 990 for tax year 2023

Filed by FRANKFORT CHAMBER OF COMMERCE INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$571,712
Total expenses
$531,555
Contributions and grants received
$133,059
Grants paid
$16,450
Program service revenue
$372,835
Investment income
$65,818
Other revenue
$0
Total assets, end of year
$948,936
Total liabilities, end of year
$5,750
Net assets or fund balances, end of year
$943,186
Program services expenses (Part IX)
$417,592
Management and general expenses
$113,963
Fundraising expenses
$0
Program service expenses (Part III)
$417,592

Program services were 78.6% 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

    $120,215

  • 1f · All other contributions, gifts and grants

    $12,844

  • 2a · Program service revenue: FALL FESTIVAL

    total $256,835 · related or exempt $256,835

  • 2b · Program service revenue: GOLF OUTING

    total $34,760 · related or exempt $34,760

  • 2c · Program service revenue: CONCERTS

    total $19,200 · related or exempt $19,200

  • 2d · Program service revenue: SCASE AND OTHER

    total $62,040 · related or exempt $62,040

  • 3 · Investment income

    total $65,253 · related or exempt $65,253

  • 4 · Income from investment of tax-exempt bond proceeds

    total $565 · related or exempt $565

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,450 · program services $16,450

  • 7 · Other salaries and wages

    total $217,293 · program services $141,697 · management and general $75,596

  • 8 · Pension plan contributions

    total $3,886 · program services $2,534 · management and general $1,352

  • 9 · Other employee benefits

    total $3,108 · program services $2,027 · management and general $1,081

  • 10 · Payroll taxes

    total $21,743 · program services $14,179 · management and general $7,564

  • 11b · Fees: legal

    total $1,185 · program services $773 · management and general $412

  • 11c · Fees: accounting

    total $2,927 · program services $1,909 · management and general $1,018

  • 11f · Fees: investment management

    total $5,136 · program services $3,349 · management and general $1,787

  • 11g · Fees: other

    total $5,500 · program services $3,587 · management and general $1,913

  • 12 · Advertising and promotion

    total $2,121 · program services $1,383 · management and general $738

  • 13 · Office expenses

    total $14,641 · program services $9,547 · management and general $5,094

  • 16 · Occupancy

    total $10,800 · program services $7,043 · management and general $3,757

  • 22 · Depreciation, depletion and amortization

    total $2,253 · program services $1,469 · management and general $784

  • 23 · Insurance

    total $7,527 · program services $4,908 · management and general $2,619

  • 24a · Other expenses: FALL FEST

    total $118,670 · program services $118,670

  • 24b · Other expenses: GOLF OUTING

    total $14,673 · program services $14,673

  • 24c · Other expenses: CONCERTS

    total $13,887 · program services $13,887

  • 24d · Other expenses: VARIOUS ANNUAL EVENTS

    total $40,296 · program services $40,296

  • 24e · All other expenses

    total $29,459 · program services $19,211 · management and general $10,248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,269 · end of year $4,272

  • 2 · Savings and temporary cash investments

    beginning of year $313,960 · end of year $286,086

  • 4 · Accounts receivable

    end of year $90

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,255 · end of year $5,668

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

    $226,095

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

    $55,045

  • 10c · Land, buildings and equipment, net

    beginning of year $159,570 · end of year $171,050

  • 11 · Investments: publicly traded securities

    beginning of year $428,351 · end of year $481,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,376 · end of year $3,380

  • 19 · Deferred revenue

    end of year $2,370

  • 31 · Retained earnings, endowment or other funds

    beginning of year $903,029 · end of year $943,186

Mission and programs · 2023

Mission

PROMOTE POSITIVE BUSINESS AND COMMUNITY GROWTH

  • ALLOCATION OF GENERAL AND ADMINISTRATIVE EXEPENSES

    Expenses $230,066

  • ANNUAL FALL FESTIVAL AND CRAFT SHOW DESIGNED TO ENGAGE THE CHAMBER MEMBERS AND COMMUNITY. THE EVENT IS DESIGNED TO PROMOTE AREA BUSINESSES AND COMMUNITY

    Expenses $118,670 · Revenue $256,835

  • VARIOUS ANNUAL EVENTS TO HELP CHAMBER MEMEBERS PROMOTE THEIR BUSINESS AND NETWORK WITH OTHER CHAMBER MEMBERS AND COMMUNITY BUSINESSES. -COMMUNITY SHOWCASE EXP-2505 INC-7395-MEET AND GREET EXP-0 INC-500-ANNUAL MEETING EXP-7545 INC-5570-STATE OF THE VIL EXP-4149 INC-6460-WINE & ALE WALK EXP-9277 INC-15290-WOMEN IN BUSINESS EXP-9587 INC-15405-CONCERTS EXP-13887 INC-19200-BUBBLY & CHOCO EXP-7233 INC-0

    Expenses $54,183 · Revenue $69,820

  • GOLF OUTING EVENT IS TO HELP CHAMBER MEMBERS PROMOTE THEIR BUSINESSES AND NETWORK WITH OTHER CHAMBER MEMBERS AND COMMUNITY BUSINESSES.

    Expenses $14,673 · Revenue $34,760

As filed on the 2023 return.

Listed in Part VII

  • Pauline Modjeski

    EXEC DIRECTOR

    Total calculated
    $99,910
    From this org
    $97,000
    From related orgs
    $0
    Other
    $2,910
    Hours/week
    40

  • Jim McFarland

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • John Cosgrove

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mike Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jessica Jakubowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Laura Vroom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Gina Persiani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Dean Vaundry

    INTERNAL VP

    Total calculated
    $0
    Hours/week
    0

  • Robert Kennedy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Jake Aleck

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Mike Cartolano

    EXTERNAL VP

    Total calculated
    $0
    Hours/week
    0

  • Kelly Garver

    SECRETARY

    Total calculated
    $0
    Hours/week
    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

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

Provenance

Return type
form_990
Tax year
2023
Filed
18 November 2024
IRS schema version
2023v5.1
Source object
202413239349301001

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

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