2024-10-01T09:21:48-05:00 2023-12-31 580692043 MAULDIN & JENKINS LLC PO BOX 929 ATHENS AL 35612 990 2023-01-01 630039395 CHAMBER OF COMMERCE OF HUNTSVILLE MADISON COUNTY INC CHAM 2565352014 225 CHURCH STREET HUNTSVILLE AL 35801 WAYNE SISCO TREASURER 2565352014 2024-09-11 1 0 JEREMY T BLACKBURN P01293894 2562322260 2024-08-26 2023 2024-10-15 13:58:12Z CHIP CHERRY 225 CHURCH STREET HUNTSVILLE AL 35801 6270846 0 X WWW.HUNTSVILLEALABAMAUSA.COM X 1894 AL PROMOTION AND DEVELOPMENT OF CIVIC AND ECONOMIC INTERESTS 61 57 29 0 0 0 3080367 2741272 2706081 3137818 58948 24632 25595 347310 5870991 6251032 0 0 0 0 2555516 2825265 0 0 102269 3306989 3135685 5862505 5960950 8486 290082 6396999 6343164 2118747 1670872 4278252 4672292 PROMOTION AND DEVELOPMENT OF CIVIC AND ECONOMIC INTERESTS 0 0 4934053 THE CHAMBER PROVIDED TRAINING, NETWORKING, COMMUNITY AWARENESS, AND PROMOTION TO ITS 2,086 MEMBERS AND THE COMMUNITY AT LARGE. NEW AND EXPANDED COMPANIES RESULTED IN 580 NEW JOBS. THE ANNOUNCED CAPITAL INVESTMENT WAS $391 MILLION. THE CHAMBER PROVIDED MORE THAN 35 PROFESSIONAL DEVELOPMENT WORKSHOPS AND HAD MORE THAN 82 RIBBON CUTTINGS AND 6 GROUNDBREAKINGS. 4934053 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 49 0 1 29 1 1 1 0 0 0 0 0 0 0 X 61 57 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MARY MCNAIRY 2565352014 225 CHURCH STREET HUNTSVILLE AL 35801 X TED BAUDENDISTEL DIRECTOR 1.00 X 0 0 0 DAVID BIER DIRECTOR 1.00 X 0 0 0 PENNY BILLINGS DIRECTOR 1.00 X 0 0 0 THOMAS BUSBY DIRECTOR 1.00 X 0 0 0 KATIE COMER DIRECTOR 1.00 X 0 0 0 TOM CONARD DIRECTOR 1.00 X 0 0 0 BRETT CRAIN DIRECTOR 1.00 X 0 0 0 DR PATTI DARE DIRECTOR 1.00 X 0 0 0 MELISSA DAVIS DIRECTOR 1.00 X 0 0 0 KEVIN FERNANDEZ DIRECTOR 1.00 X 0 0 0 OWEN FRANKLIN DIRECTOR 1.00 X 0 0 0 JONI GREEN DIRECTOR 1.00 X 0 0 0 GINGER HARPER DIRECTOR 1.00 X 0 0 0 JOSH HERREN DIRECTOR 1.00 X 0 0 0 JAN HESS DIRECTOR 1.00 X 0 0 0 LEE HOLLAND DIRECTOR 1.00 X 0 0 0 THARON HONEYCUTT DIRECTOR 1.00 X 0 0 0 LAURA HUCKABEE-JENNINGS DIRECTOR 1.00 X 0 0 0 LINCOLN HUDSON DIRECTOR 1.00 X 0 0 0 TYCE HUDSON DIRECTOR 1.00 X 0 0 0 HANK ISENBERG DIRECTOR 1.00 X 0 0 0 CLINT KIRKLAND DIRECTOR 1.00 X 0 0 0 RICH KRETZSCHMAR DIRECTOR 1.00 X 0 0 0 TODD MAY DIRECTOR 1.00 X 0 0 0 BOB MCCALEB DIRECTOR 1.00 X 0 0 0 CRAIG NAUDAIN DIRECTOR 1.00 X 0 0 0 NADIA NIAKOSSARY DIRECTOR 1.00 X 0 0 0 ALANA PARKER DIRECTOR 1.00 X 0 0 0 MEREDITH PAYNE DIRECTOR 1.00 X 0 0 0 ZACK PENNEY DIRECTOR 1.00 X 0 0 0 CHRIS RUSSELL DIRECTOR 1.00 X 0 0 0 ALICIA RYAN DIRECTOR 1.00 X 0 0 0 BETH SIPPEL DIRECTOR 1.00 X 0 0 0 WAYNE SISCO DIRECTOR 1.00 X 0 0 0 TOM STANTON DIRECTOR 1.00 X 0 0 0 SANDRA STEPHENS DIRECTOR 1.00 X 0 0 0 MITCH STEVISON DIRECTOR 1.00 X 0 0 0 NILMINI THOMPSON DIRECTOR 1.00 X 0 0 0 MARK VAPORIS DIRECTOR 1.00 X 0 0 0 MIKE WATKINS DIRECTOR 1.00 X 0 0 0 JOHN WATSON DIRECTOR 1.00 X 0 0 0 GREG BROWN BOARD CHAIR 1.00 X 0 0 0 LYNN TROY CHAIR ELECT 1.00 X 0 0 0 JEFF GRONBERG IMMEDIATE PAST CHAIR 1.00 X 0 0 0 RON POTEAT FOUNDATION CHAIR 1.00 X 0 0 0 JEFF SAMZ SECRETARY/TREASURER 1.00 X 0 0 0 MICHELLE JORDAN VICE CHAIR 1.00 X 0 0 0 SAMEER SINGHAL VICE CHAIR 1.00 X 0 0 0 RONNIE CHRONISTER VICE CHAIR 1.00 X 0 0 0 DR KAROCKAS WATKINS VICE CHAIR 1.00 X 0 0 0 BLAKE BENTLEY VICE CHAIR 1.00 X 0 0 0 JIM ROGERS VICE CHAIR 1.00 X 0 0 0 JOE RITCH VICE CHAIR 1.00 X 0 0 0 JAMIE PEYTON VICE CHAIR 1.00 X 0 0 0 SEAN KELLY CHAIR-APPOINTED 1.00 X 0 0 0 JASON PUCKET CHAIR-APPOINTED 1.00 X 0 0 0 FRANK WILLIAMS CHAIR-APPOINTED 1.00 X 0 0 0 TOMMY BATTLE EX-OFFICIO MEMBER 1.00 X 0 0 0 PAUL FINLEY EX-OFFICIO MEMBER 1.00 X 0 0 0 DALE STRONG EX-OFFICIO MEMBER 1.00 X 0 0 0 CHIP CHERRY PRESIDENT & CEO 40.00 X 327731 0 61153 ERIN KOSHUT EMPLOYEE 40.00 X 117482 0 891 LUCIA CAPE EMPLOYEE 40.00 X 163501 0 26681 MICHAEL WARD EMPLOYEE 40.00 X 124263 0 1125 MARY MCNAIRY EMPLOYEE 40.00 X 109237 0 1732 842214 0 91582 5 0 1 0 0 1653904 1087368 2741272 PROGRAM REVENUE 541900 3137818 3137818 3137818 40365 40365 4081 19814 -15733 -15733 -15733 OTHER INCOME 541900 347310 347310 347310 6251032 3485128 0 24632 2167617 1773034 394583 657648 478875 178773 5272 5272 51187 51187 66383 35382 30113 888 159195 110870 45482 2843 254290 250368 3922 32569 22682 9305 582 280771 195539 80218 5014 EVENT EXPENSES 1192996 1082644 20320 90032 OTHER PROMOTIONAL EXPEN 556717 543034 13463 220 BAD DEBT EXPENSE 250502 250502 TRAINING EXPENSES 102474 68385 34089 183329 117466 63173 2690 5960950 4934053 924628 102269 1826288 762712 274447 325788 323142 293369 122627 123775 7236947 4299450 2813795 2937497 870259 1324467 12780 10384 153661 565172 6396999 6343164 338360 412330 1231788 835680 548599 422862 2118747 1670872 X 3664650 4356796 613602 315496 4278252 4672292 6396999 6343164 290082 103958 0 X X 0 1 X 1 0 0 1 0 178644 178644 6368418 3917018 2451400 424833 224223 200610 265052 158209 106843 2937497 CERTIFICATES OF DEPOSIT 564676 DEPOSITS 496 565172 6226400 0 6226400 24632 24632 6251032 5960950 0 5960950 0 5960950 PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME 40365. LOSS ON ASSET DISPOSITION -19814. GAIN ON DERIVATIVE FINANCIAL INSTRUMENT 4081. PART X, LINE 2: THE CHAMBER QUALIFIED AS A NOT-FOR-PROFIT ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE CHAMBER IS REQUIRED TO PAY TAXES RELATED TO CERTAIN REVENUES GENERATED FROM NON-EXEMPT ACTIVITIES. THE CHAMBER HAS FILED ITS NOT-FOR-PROFIT TAX RETURNS FOR ALL YEARS THROUGH DECEMBER 31, 2022. YEARS ENDED DECEMBER 31, 2018 AND SUBSEQUENT REMAIN SUBJECT TO AUDIT BY TAXING AUTHORITIES. THE CHAMBER FOLLOWS THE PROVISION OF THE ASC RELATING TO UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE REQUIRES ENTITIES TO ASSESS THEIR UNCERTAIN INCOME TAX POSITIONS FOR THE LIKELIHOOD THAT THEY WOULD BE OVERTURNED UPON INTERNAL REVENUE SERVICE EXAMINATION OR UPON EXAMINATION BY STATE TAXING AUTHORITIES. THE CHAMBER HAS DETERMINED THAT IT DOES NOT HAVE ANY POSITIONS AT DECEMBER 31, 2022 AND 2021, THAT IT WOULD BE UNABLE TO SUBSTANTIATE. X 0 0 0 CHIP CHERRY PRESIDENT & CEO 255421 0 72310 0 0 0 52500 0 8653 0 388884 0 0 0 LUCIA CAPE EMPLOYEE 157650 0 5851 0 0 0 16345 0 10336 0 190182 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP BASE IS MADE UP OF MADISON COUNTY CSMA (COMBINED STATISTICAL METROPOLITAN AREA)GOVERNMENTS, BUSINESSES, AND NOT-FOR-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD IS ELECTED BY THE MEMBERSHIP BASED ON METHODOLOGY SET FORTH IN THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER RECEIVES A COPY OF THE 990 TO REVIEW AND APPROVE BEFORE THE FINAL FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW COMMITTEE DOES AN ANALYSIS OF AREA COMPENSATION TRENDS AND SALARY RATES FOR INDIVIDUALS WITH SIMILAR RESPONSIBILITY AND EXPERIENCE. THE REVIEW COMMITTEE INCLUDES THE INCREASE IN THE BUDGET WHICH IS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL IN THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST. LINE 2C NO CHANGE FROM THE PRIOR YEAR WAS MADE IN THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT. HUNTSVILLE MADISON COUNTY CHAMBER OF COMMERCE FOUNDATION INC 225 CHURCH STREET HUNTSVILLE AL 35801 630938561 SUPPORT OF LOCAL EDUCATION PROGRAMS AL 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0