2014-11-17T16:58:52-06:00 2014-03-31 710825859 EMRICH & SCROGGINS LLP CPA'S 100 EAST PEACH SUITE 330 EL DORADO AR 717305874 990 2013-04-01 710029610 EL DORADO CHAMBER OF COMMERCE ELDO 8708636113 PO BOX 10836 EL DORADO AR 71730 JEREMY STRATTON PRESIDENT & CEO 8708636113 2014-11-14 1 STACY D SCROGGINS P00773646 8708626510 X 2013 2015-11-30 17:44:51Z JEREMY STRATTON 111 W MAIN EL DORADO AR 71730 467659 0 X WWW.GOELDORADO.COM X 1921 AR COMMUNITY DEVELOPMENT 46 46 8 0 0 0 328886 310236 199611 157423 0 0 0 0 528497 467659 0 0 0 0 323647 303229 0 0 0 212620 183892 536267 487121 -7770 -19462 205000 302313 40826 199154 164174 103159 TO PROMOTE COMMUNITY DEVELOPMENT THROUGH ACTIVITIES TO BENEFIT ITS MEMBERSHIP AND LOCAL COMMUNITY AS WELL AS PROVIDE ECONOMIC DEVELOPMENT 0 0 487122 COMMUNITY DEVELOPMENT ACTIVITIES, INCLUDING ANNUAL COMMUNITY CHRISTMAS PARADE, ANNUAL ADM. ASST. APPRECIATION LUNCHEON, AND ANNUAL NEW TEACHER BREAKFAST FOR COMMUNITY'S PUBLIC SCHOOLSECONOMIC DEVELOPMENT ACTIVITIES, INCLUDING RECRUITING NEW PROSPECTS TO COMMUNITYMEMBERSHIP SERVICES ACTIVITIES, INCLUDING ANNUAL MEETING, PUBLISHING OF MEMBERSHIP DIRECTORY, PUBLISHING OF NEWSLETTER TO MEMBERS, HOSTING VARIOUS SEMINARS FOR LOCAL BUSINESSES 487122 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 8 1 0 0 0 0 0 0 X 46 46 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 1 0 0 AR X EMRICH & SCROGGINS LLP 8708626510 100 EAST PEACH SUITE 330 EL DORADO AR 71730 BILL LUTHER IMMEDIATE PAST CHAIR 8.00 X 0 0 0 FELISHA AARON BOARD MEMBER 1.00 X 0 0 0 EDWIN ALDERSON BOARD MEMBER 1.00 X 0 0 0 SAM ALLEN BOARD MEMBER 1.00 X 0 0 0 JOHN BAINE BOARD MEMBER 1.00 X 0 0 0 AUSTIN BARROW BOARD MEMBER 1.00 X 0 0 0 ALEXANDRA BELL BOARD MEMBER 1.00 X 0 0 0 THOMAS BURGER BOARD MEMBER 1.00 X 0 0 0 BRUCE BUTTERFIELD BOARD MEMBER 1.00 X 0 0 0 TREY CLARK BOARD MEMBER 1.00 X 0 0 0 SCOTT FIFE BOARD MEMBER 1.00 X 0 0 0 GEORGE GARTEN BOARD MEMBER 1.00 X 0 0 0 ANGELA GATES BOARD MEMBER 1.00 X 0 0 0 MARK GIVENS BOARD MEMBER 1.00 X 0 0 0 PAM GRIFFIN TREASURER 1.00 X 0 0 0 DON HALE BOARD MEMBER 1.00 X 0 0 0 KELLI HARRISON BOARD MEMBER 1.00 X 0 0 0 FRANK HASH BOARD MEMBER 1.00 X 0 0 0 JAY HELM BOARD MEMBER 1.00 X 0 0 0 MARY HOSTETTER BOARD MEMBER 1.00 X 0 0 0 BARBARA JONES BOARD MEMBER 1.00 X 0 0 0 CHARLIE CLARK BOARD MEMBER 1.00 X 0 0 0 MIKE LOFTIN BOARD MEMBER 1.00 X 0 0 0 CHRIS LUTMAN BOARD MEMBER 1.00 X 0 0 0 ALICE MAHONY BOARD MEMBER 1.00 X 0 0 0 JAMIE MCCONATHY BOARD MEMBER 1.00 X 0 0 0 ALAN MEADOWS BOARD MEMBER 1.00 X 0 0 0 JIM MOORE BOARD MEMBER 1.00 X 0 0 0 RAY NOLAN BOARD MEMBER 1.00 X 0 0 0 ROBERT REYNOLDS BOARD MEMBER 1.00 X 0 0 0 DAN ROBLEE SECRETARY 1.00 X 0 0 0 JOHN THOMAS SHEPHERD BOARD MEMBER 1.00 X 0 0 0 MATTHEW SHEPHERD BOARD MEMBER 1.00 X 0 0 0 CARL SIVILS BOARD MEMBER 1.00 X 0 0 0 WOODY SLEIMAN BOARD MEMBER 1.00 X 0 0 0 JAY STAGGS BOARD MEMBER 1.00 X 0 0 0 KYLE SWIFT BOARD MEMBER 1.00 X 0 0 0 JEFF TEAGUE BOARD MEMBER 1.00 X 0 0 0 JILL TEMPLE BOARD MEMBER 1.00 X 0 0 0 JIM TIDWELL CHAIRMAN 1.00 X 0 0 0 RAY TRAYLOR BOARD MEMBER 1.00 X 0 0 0 JIM TUCKER BOARD MEMBER 1.00 X 0 0 0 ROBERT WAGGONER CHAIR ELECT 1.00 X 0 0 0 CHRIS WEBB BOARD MEMBER 1.00 X 0 0 0 GREG WITHROW BOARD MEMBER 1.00 X 0 0 0 HENRY FLORSHEIM PRESIDENT & CEO 40.00 X 62067 0 3033 JEREMY STRATTON PRESIDENT & CEO 40.00 X 10855 0 543 72922 0 3576 0 0 0 0 0 198182 60000 52054 310236 MANAGEMENT FEES 541610 60000 60000 SPONSORSHIPS 711300 51433 51433 REGISTRATION/ADMISSION 900099 43501 43501 2489 2489 157423 467659 157423 0 0 72922 168252 8736 31744 21575 16852 3003 6241 8400 424 CHAMBER PROGRAM EXPENSE 81088 POSTAGE 15262 STAFF DEVELOPMENT 6953 TELEPHONE 6822 38847 487121 204576 208871 92742 700 85625 85625 424 0 205000 302313 4930 16238 124519 35896 58397 40826 199154 X 164174 103159 164174 103159 205000 302313 -19462 -41553 0 X X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 85625 85625 0 0 REFUNDABLE ADVANCES 58397 58397 X 467659 0 467659 0 467659 487121 0 487121 0 487121 PART X, LINE 2: U.S. GAAP REQUIRES AN ENTITY TO RECOGNIZE A LIABILITY FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS. THE CHAMBER IS LIABLE FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS. MANAGEMENT BELIEVES THAT THE CHAMBER HAS NOT ENGAGED IN ANY UNRELATED BUSINESS INCOME ACTIVITIES AS DEFINED BY IRS REGULATIONS AND IS MORE LIKELY THAN NOT THAT THIS POSITION WOULD BE SUSTAINED UPON EXAMINATION. AS SUCH, THERE WERE NO LIABILITIES RECORDED FOR UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2014. FORM 990, PART VI, SECTION A, LINE 6 THE CHAMBER OF COMMERCE DOES HAVE MEMBERS WHO PAY ANNUAL DUES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED BY ITS PRESIDENT/CEO AND TREASURER BEFORE FILING WITH THE IRS. THE FULL BOARD OF DIRECTORS WILL REVIEW AT ITS NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD ANNUALLY REVIEWS THE SALARY OF THE PRESIDENT/CEO AND MAKES SALARY ADJUSTMENTS ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND ALL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY ITS MEMBERS. FORM 990, PART XII, LINE 1 IN PRIOR YEARS, THE CHAMBER FOLLOWED THE MODIFIED CASH BASIS OF ACCOUNTING WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. EFFECTIVE APRIL 1, 2013, THE CHAMBER ELECTED TO CHANGE TO GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE CHAMBER BELIEVES FOLLOWING THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDES A MORE MEANINGFUL PRESENTATION OF ITS FINANCIAL POSITION SINCE THE METHOD MORE ACCURATELY REFLECTS REVENUES AND EXPENSES IN THE FINANCIAL STATEMENTS. UNRESTRICTED NET ASSETS AT THE BEGINNING OF THE PERIOD HAVE BEEN RESTATED AT $122,621, A DECREASE OF $41,553 DUE TO THE EFFECT OF RETROACTIVE APPLICATION OF THE NEW ACCOUNTING METHOD.