Form 990 for tax year 2024
Filed by LOVELAND CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $890,451
- Total expenses
- $889,397
- Contributions and grants received
- $228,909
- Grants paid
- $0
- Program service revenue
- $503,791
- Investment income
- $0
- Other revenue
- $157,751
- Total assets, end of year
- $7,485
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,485
- Program services expenses (Part IX)
- $889,397
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $889,397
Program services were 100.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$228,909
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Annual Dinner
total $32,678 · related or exempt $32,678 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Annual Golf Tournament
total $45,266 · related or exempt $45,266 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Valentine Remailing Program
total $80,615 · related or exempt $80,615 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Loveland Business Development Ctr
total $145,000 · related or exempt $145,000 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $200,232 · related or exempt $200,232 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$179,062
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$100,311
-
8c · Net income from fundraising events
total $78,751 · unrelated business $0 · excluded $78,751
-
11a · Other revenue: Northern Colorado Legislative Alliance
total $79,000 · related or exempt $79,000 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$79,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $344,037 · program services $344,037
-
5 · Compensation of officers, directors and key employees
total $128,100 · program services $128,100
-
6 · Compensation of disqualified persons
total $0 · program services $0
-
7 · Other salaries and wages
total $116,571 · program services $116,571
-
8 · Pension plan contributions
total $0 · program services $0
-
9 · Other employee benefits
total $53,483 · program services $53,483
-
10 · Payroll taxes
total $23,203 · program services $23,203
-
11a · Fees: management
total $4,390 · program services $4,390
-
11b · Fees: legal
total $0 · program services $0
-
11c · Fees: accounting
total $0 · program services $0
-
11d · Fees: lobbying
total $19,830 · program services $19,830
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0
-
11g · Fees: other
total $0 · program services $0
-
13 · Office expenses
total $14,448 · program services $14,448
-
14 · Information technology
total $14,935 · program services $14,935
-
15 · Royalties
total $0 · program services $0
-
16 · Occupancy
total $26,733 · program services $26,733
-
17 · Travel
total $0 · program services $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0
-
19 · Conferences, conventions and meetings
total $2,561 · program services $2,561
-
20 · Interest
total $7,870 · program services $7,870
-
21 · Payments to affiliates
total $2,850 · program services $2,850
-
22 · Depreciation, depletion and amortization
total $350 · program services $350
-
23 · Insurance
total $8,638 · program services $8,638
-
24a · Other expenses: Storage Rental
total $4,040 · program services $4,040 · management and general $0 · fundraising $0
-
24b · Other expenses: Line of Credit
total $36,415 · program services $36,415 · management and general $0 · fundraising $0
-
24e · All other expenses
total $80,943 · program services $80,943
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,431 · end of year $7,485
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $6,431 · end of year $7,485
Mission and programs · 2024
Mission
Promote Economic Well Being of Members and the Community
Activities or mission (Part I)
Promote Economic Well Being of Members and the Community.
-
Provide numerous opportunities for networking among members. Promote local business to visitors and to the community. Education and Training seminars offered throughout the year for the community. Provide small business development training and counseling through LBDC program.
Expenses $889,397 · Revenue $890,451
As filed on the 2024 return.
Listed in Part VII
-
Mindy McCloughan
President and CEO
- Total calculated
- $128,100
- From this org
- $128,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Heather Lelchook
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sean Rutledge
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Rod Wensing
Ex-Officio
- Total calculated
- $0
- Hours/week
- 1
-
Michael Hausmann
Ex-Officio
- Total calculated
- $0
- Hours/week
- 1
-
Brian Cullins
Chair Elect
- Total calculated
- $0
- Hours/week
- 1
-
Sean Hawkins
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kim Perry
Chair
- Total calculated
- $0
- Hours/week
- 0
-
Bob Skillman
Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Matt Walkowicz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sean Hauser
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jay Dokter
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kristi Benningsdorf
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chad Brent
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Lucero
Ex-officio
- Total calculated
- $0
- Hours/week
- 1
-
Don Marostica
Director
- Total calculated
- $0
- Hours/week
- 1
-
Grace Taylor
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Fancher-English
Director
- Total calculated
- $0
- Hours/week
- 1
-
Walter Williams
Director
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 February 2025
- IRS schema version
- 2024v5.0
- Source object
- 202510639349300041
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