2016-05-13T08:17:43-05:00 2015-09-30 540737372 PBMARES LLP 434 MCLAWS CIRCLE SUITE 201 WILLIAMSBURG VA 23185 990 2014-10-01 540482313 WILLIAMSBURG AREA CHAMBER OF COMMERCE WILL 7572296511 421 N BOUNDARY ST WILLIAMSBURG VA 23185 KAREN RIORDAN PRESIDENT 7572296511 2016-05-13 1 RICHARD G SMITH P00182660 7572297180 2016-05-13 X 2014 2016-08-17 19:52:53Z GREATER WILLIAMSBURG CHAMBER & TOURISM ALLIANCE KAREN RIORDAN 421 N BOUNDARY ST WILLIAMSBURG VA 23185 2714648 0 X WWW.WILLIAMSBURGCC.COM X 1938 VA TO ENHANCE, PROMOTE, AND SERVE THE BUSINESS COMMUNITIES OF THE CITY OF WILLIAMSBURG, VIRGINIA, JAMES CITY COUNTY, VIRGINIA, THE BRUTON DISTRICT OF YORK COUNTY, VIRGINIA, AND THE YORKTOWN, VIRGINIA WATERFRONT. 36 35 15 0 4250 3250 1673697 1858221 1014466 824932 595 736 26433 28868 2715191 2712757 0 0 0 0 1020967 1017990 0 0 0 1585388 1693635 2606355 2711625 108836 1132 1616494 2102189 1122817 1607380 493677 494809 TO ENHANCE, PROMOTE, AND SERVE THE BUSINESS COMMUNITIES OF THE CITY OF WILLIAMSBURG, VIRGINIA, JAMES CITY COUNTY, VIRGINIA, THE BRUTON DISTRICT OF YORK COUNTY, VIRGINIA, AND THE YORKTOWN, VIRGINIA WATERFRONT. 0 0 BUSINESS PROMOTIONS FOR THE CITY OF WILLIAMSBURG, JAMES CITY COUNTY AND YORK COUNTY. TOURISM PROMOTIONS FOR THE CITY OF WILLIAMSBURG, JAMES CITY COUNTY AND YORK COUNTY. 0 1 0 1 0 0 0 1 0 1 0 0 0 0 1 0 1 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 30 0 15 1 1 1 0 0 0 0 0 X 36 35 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KAREN RIORDAN 7572296511 421 N BOUNDARY STREET WILLIAMSBURG VA 23185 SUSAN BAK DIRECTOR 1.00 X 0 0 0 RON CAMPANA JR DIRECTOR 1.00 X 0 0 0 CHIRSTINA CAROL DIRECTOR 1.00 X 0 0 0 ROBIN CARSON DIRECTOR 1.00 1.00 X 0 0 0 WALT ZAREMBA DIRECTOR 1.00 1.00 X 0 0 0 MARK DUNCAN DIRECTOR 1.00 1.00 X 0 0 0 SCOTT FOSTER DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL FOX DIRECTOR 1.00 1.00 X 0 0 0 KEITH FURNACE DIRECTOR 1.00 X 0 0 0 PAUL HAEBLER DIRECTOR 1.00 X 0 0 0 CHRIS HARRIS DIRECTOR 1.00 X 0 0 0 LEIGH HOUGHLAND CO CHAIRMAN 1.00 1.00 X X 0 0 0 KEVIN JONES CO CHAIRMAN 1.00 1.00 X X 0 0 0 PETE KRESKY DIRECTOR 1.00 1.00 X 0 0 0 ANALISA LIGURIA DIRECTOR 1.00 1.00 X 0 0 0 CARL LUM CHAIRMAN 5.00 1.00 X X 0 0 0 PETER MARGAN DIRECTOR 1.00 X 0 0 0 CHARLES MARTINO DIRECTOR 1.00 X 0 0 0 MONTY MASON DIRECTOR 1.00 X 0 0 0 HELEN ODERISI DIRECTOR 1.00 X 0 0 0 KEVIN ONIZUK DIRECTOR 1.00 1.00 X 0 0 0 LARA OVERY DIRECTOR 1.00 X 0 0 0 GENEVIEVE OWENS DIRECTOR 1.00 X 0 0 0 HITESH PATEL DIRECTOR 1.00 1.00 X 0 0 0 HUGH POWELL DIRECTOR 1.00 X 0 0 0 MARK RINALDI DIRECTOR 1.00 X 0 0 0 MICHAEL ROCK DIRECTOR 1.00 X 0 0 0 ROBERT J SINGLEY SR DIRECTOR 1.00 1.00 X 0 0 0 TERRY BANEZ TREASURER 1.00 X X 0 0 0 MARK TOMLINSON DIRECTOR 1.00 X 0 0 0 MARSHALL WARNER DIRECTOR 1.00 1.00 X 0 0 0 DALE YOUNG DIRECTOR 1.00 X 0 0 0 ROBERT P HARRIS VICE PRESIDENT 37.50 X X 111850 0 17672 KAREN RIORDAN PRESIDENT 47.00 3.00 X X 182120 0 35631 293970 0 53303 2 0 1 0 0 1786197 72024 1858221 MEMBERSHIP DUES 900099 309498 309498 TRADE SHOWS 900099 243925 243925 SPECIAL EVENTS 900099 215205 215205 MARKETING FEES 900099 44470 44470 BUSINESS SERVICES 900099 11834 11834 824932 736 736 190 1891 -1701 -1701 MISCELLANEOUS INCOME 900099 21069 21069 DIRECTORS LUNCH REIMBU 900099 5250 5250 CHAMBER SELECT, LLC 524298 4250 4250 30569 2712757 849550 4250 736 394501 458536 34298 71456 59199 26730 992308 70863 26264 165600 5478 134057 7756 11794 SPECIAL EVENTS 219462 INQUIRY FULFILLMENT 14708 DUES AND SUBSCRIPTIONS 11848 UNRELATED BUSINESS INCO 4101 2666 2711625 163630 192106 1180884 1703116 63089 66645 1893 0 158515 57043 182013 169813 14539 12200 33128 33432 816 37647 1616494 2102189 149725 273289 229453 132483 743639 1201608 1122817 1607380 X 493677 494809 493677 494809 1616494 2102189 1132 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 309498 0 1 X 182013 169813 12200 12200 X PART IV, LINE 2B: THE WILLIAMSBURG AREA DESTINATION MARKETING COMMITTEE ("WADMC") WAS ESTABLISHED AS A COMMITTEE OF THE CHAMBER ON JULY 1, 2004 PURSUANT TO CODE OF VIRGINIA SECTION 58.L-3823(C). THIS LEGISLATION PERMITTED JAMES CITY COUNTY AND YORK COUNTY TO IMPOSE AN ADDITIONAL TRANSIENT OCCUPANCY TAX NOT TO EXCEED $2 PER ROOM PER NIGHT. THESE COUNTIES AND THE CITY OF WILLIAMSBURG (WHICH DID NOT NEED APPROVAL FROM THE GENERAL ASSEMBLY IN ORDER TO IMPOSE THE ADDITIONAL TAX) HAVE IMPLEMENTED THE INCREASED AMOUNT. PROCEEDS FROM THE ADDITIONAL TAX ARE DESIGNATED BY THE AFOREMENTIONED STATUTE TO BE EXPENDED SOLELY FOR ADVERTISING THE HISTORIC TRIANGLE AREA. THE WADMC IS THE ENTITY ESTABLISHED TO MAKE DISBURSEMENTS OF THESE PROCEEDS. LEGISLATION TOOK EFFECT IN JULY 2008 REQUIRING WADMC TO FORMALLY CONTRACT WITH THE CHAMBER FOR FISCAL AGENCY AND ADMINISTRATIVE SUPPORT. THE CHAMBER HAS SERVED AS FISCAL AGENT SINCE THE INCEPTION OF THE PROGRAM IN 2004, AND CONTINUES TO DO SO AS OF SEPTEMBER 30, 2015. WADMC DESIGNATED FUNDS COLLECTED BY THE LOCALITIES ARE DEPOSITED INTO A SEPARATE INTEREST BEARING ACCOUNT REGISTERED IN THE NAME OF WADMC. UNDER THE FISCAL AGENCY CONTRACT, CHAMBER PERSONNEL RECEIVE AND DEPOSIT CHECKS INTO THE WADMC ACCOUNT. IN ADDITION, CHAMBER PERSONNEL PREPARE CHECKS TO PAY INVOICES WHICH ARE AUTHORIZED AND SIGNED BY AT LEAST TWO (2) WADMC BOARD MEMBERS. THE HISTORIC TRIANGLE COLLABORATIVE (HTC) IS AN UNINCORPORATED ASSOCIATION FORMED TO PURSUE THE BUSINESS AND FINANCIAL INTERESTS OF THE PARTICIPANTS PURSUANT TO AN AGREEMENT DATED JULY 20, 2010. THE CHAMBER, SERVING AS THE FISCAL AGENT, PROVIDES RENT-FREE OFFICE SPACE, OFFICE SUPPORT AND RECEIVES FUNDS PAID TO THE HTC BY THE PARTICIPANTS IN THE HTC. IN ADDITION, THE CHAMBER DISBURSES FUNDS AS DIRECTED BY THE HTC LEADERSHIP. PART X, LINE 2: THE CHAMBER IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME, UNDER INTERNAL REVENUE CODE SECTION 501(C)(6), AND THE FOUNDATION IS EXEMPT UNDER IRC SECTION 501(C)(3). FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CHAMBER'S MANAGEMENT HAS EVALUATED THE IMPACT OF THE GUIDANCE TO ITS CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT IS NOT AWARE OF ANY MATERIAL UNCERTAIN TAX POSITIONS, AND HAS NOT ACCRUED THE EFFECT OF ANY UNCERTAIN TAX POSITIONS AS OF SEPTEMBER 30, 2015 AND 2014. THE CHAMBER'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THEY WERE FILED. WITH FEW EXCEPTIONS, THE CHAMBER IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL AUTHORITIES FOR YEARS BEFORE 2011. THE CHAMBER'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, AS INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. X X X X 0 0 0 KAREN RIORDAN PRESIDENT 163073 0 18600 0 447 0 12288 0 23343 0 217751 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED WITH THE PRESIDENT WHO THEN PRESENTED IT TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL AUDIT INCLUDES A QUESTIONNAIRE TO EACH BOARD MEMBER REQUESTING DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST. THE PRESIDENT AND CEO REGULARLY REMINDS BOARD MEMBERS OF THEIR OBLIGATION TO DISCLOSE RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS COMPARISONS OF COMPENSATION TO PEER CHAMBERS AND NOT-FOR-PROFIT ORGANIZATIONS. RENEWAL OF SALARY CONTRACT BASED ON CURRENT OFFICER PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. WILLIAMBURG AREA CHAMBER OF COMMERCE FOUNDATION 421 N BOUNDARY STREET WILLIAMSBURG VA 23185 541945838 EDUCATIONAL ACTIVITIES VA 501(C)(3) LINE 11B, II 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 WILLAMSBURG AREA CHAMBER OF COMMERCE FOUNDATION K 165600 CASH