2024-10-11T15:37:17-05:00 2023-12-31 721396621 CARR RIGGS & INGRAM 922 STATE STREET SUITE 100 BOWLING GREEN KY 42101 990 2023-01-01 610139152 BOWLING GREEN AREA CHAMBER OF COMMERCE INC BOWL 2707813200 710 COLLEGE STREET BOWLING GREEN KY 42102 RON BUNCH PRESIDENT & CEO 2707813200 2024-10-03 1 1 SHELLY G COMPTON P00365983 2707820700 2024-10-03 2023 2024-10-15 13:58:12Z RON BUNCH 710 COLLEGE STREET BOWLING GREEN KY 42102 2782405 0 X WWW.BGCHAMBER.COM X 1974 KY THE ORGANIZATION FOCUSES ITS WORK ON FOUR STRATEGIC AREAS TO IMPROVE THE BUSINESS CLIMATE AND OVERALL QUALITY OF LIFE IN SOUTH CENTRAL KENTUCKY: ECONOMIC DEVELOPMENT, EXISTING BUSINESS DEVELOPMENT, SERVING PARTNERSHIP NEEDS, AND ORGANIZATIONAL DEVELOPMENT. 26 26 31 500 0 0 1130353 1265205 1399325 1460413 8062 45602 12908 11185 2550648 2782405 0 0 0 0 1554823 1808785 0 0 0 748173 954481 2302996 2763266 247652 19139 6136264 6077388 738999 660984 5397265 5416404 X THE BOWLING GREEN AREA CHAMBER OF COMMERCE FOCUSES ITS WORK ON FOUR STRATEGIC AREAS TO IMPROVE THE BUSINESS CLIMATE AND OVERALL QUALITY OF LIFE IN SOUTH CENTRAL KENTUCKY: REGIONAL ECONOMIC DEVELOPMENT, EXISTING BUSINESS DEVELOPMENT, SERVING PARTNERSHIP NEEDS, AND ORGANIZATIONAL DEVELOPMENT. 0 0 THE CHAMBER IS THE DRIVING FORCE FOR ECONOMIC DEVELOPMENT IN SOUTH CENTRAL KENTUCKY AND IS DEDICATED TO PROMOTING THE ENTIRE REGION, UTILIZING A REGIONAL ECONOMIC DEVELOPMENT MARKETING PLAN TO AID IN THE ATTRACTION OF BUSINESS AND INDUSTRY. 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 1 26 0 1 31 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2707813200 710 COLLEGE STREET BOWLING GREEN KY 42102 X TODD MATTHEWS CHAIRMAN 1.00 X X 0 0 0 AMY MILLIKEN DIRECTOR 1.00 X 0 0 0 REGINA WEBB DIRECTOR 1.00 X 0 0 0 PHIL NEAL DIRECTOR 1.00 X 0 0 0 JOHN DIX PAST CHAIR 1.00 X X 0 0 0 TRAVIS KELLER CHAIR-ELECT 1.00 X X 0 0 0 MIKE SHERROD DIRECTOR 1.00 X 0 0 0 MONICA WARDLOW DIRECTOR 1.00 X 0 0 0 ANDY BARKER DIRECTOR 1.00 X 0 0 0 MIKE BUCKETIN DIRECTOR 1.00 X 0 0 0 BART DARRELL DIRECTOR 1.00 X 0 0 0 RODDY GRIMES DIRECTOR 1.00 X 0 0 0 JULIE MILAM DIRECTOR 1.00 X 0 0 0 HEATHER COLEMAN BROOKS DIRECTOR 1.00 X 0 0 0 CHRIS HIGGINS DIRECTOR 1.00 X 0 0 0 MICHELE LAWLESS DIRECTOR 1.00 X 0 0 0 JOHN LEE DIRECTOR 1.00 X 0 0 0 MARK PERDUE DIRECTOR 1.00 X 0 0 0 BRANDON SHIRLEY DIRECTOR 1.00 X 0 0 0 TAHIR ZUKIC DIRECTOR 1.00 X 0 0 0 ROBERT BOWDEN DIRECTOR 1.00 X 0 0 0 JENNIFER BREIWA-SMITH DIRECTOR 1.00 X 0 0 0 MATT COFFEY DIRECTOR 1.00 X 0 0 0 HILLARY HIGHTOWER DIRECTOR 1.00 X 0 0 0 VINNY NIMMAGADDA DIRECTOR 1.00 X 0 0 0 RON BUNCH PRESIDENT & CEO 40.00 X 379021 0 10705 379021 0 10705 1 0 1 0 0 1195205 70000 1265205 MANAGEMENT FEES 900099 1053281 1053281 PROGRAM SERVICES 900099 307786 307786 PUBLICATION SALES 900099 74010 74010 ECONOMIC DEVELOPMENT 900099 25336 25336 1460413 45602 45602 2206 0 2206 2206 2206 MESSAGE BOARD 900099 4240 4240 MISCELLANEOUS INCOME 900099 3079 3079 AFFINITY REVENUE 900099 1660 1660 8979 2782405 1517200 0 0 1651863 59707 97215 567 17950 258886 73323 117631 48192 131985 27345 BAD DEBT EXPENSE 28932 ANNUAL DINNER - EXPENSE 27789 CHAMBER GOLF CHALLENGE 15500 WOMEN'S APPRECIATION EV 14410 191971 2763266 1578663 1555628 2031026 2071678 5967 15721 26029 21836 4307180 1977632 2399831 2329548 94748 82977 6136264 6077388 165416 135546 573583 525438 738999 660984 X 5397265 5416404 5397265 5416404 6136264 6077388 19139 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200399 200399 3531781 1529496 2002285 564000 445753 118247 11000 2383 8617 2329548 X 2782405 0 2782405 0 2782405 2763266 0 2763266 0 2763266 PART X, LINE 2: UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, THE CHAMBER IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM RENT, ADMINISTRATION OF SELF-INSURANCE ACTIVITIES, AND COMMISSIONS. THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORELIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. X 1 0 X X X X 0 1 0 RON BUNCH PRESIDENT & CEO 379021 0 0 0 0 0 0 0 10705 0 389726 0 0 0 PART I, LINE 1A DUES TO OLDE STONE COUNTRY CLUB WERE PAID BY THE CHAMBER OF $4,261 PART I, LINE 4B THE CEO PARTICIPATES IN, BUT HAS NOT YET RECEIVED, ANY FUNDS FROM A NONQUALIFIED DEFERRED COMPENSATION ARRANAGEMENT. THE ACCOUNT IS FULLY FUNDED AND VESTED. BALANCE AT 12/31/23 WAS $70,060. THE ACCOUNT WAS FUNDED OVER FIVE YEARS WITH NO MORE THAN $12,500 BEING CONTRIBUTED IN ANY ONE YEAR FROM 2014-2018. AMOUNTS HAVE BEEN SUBJECT TO MEDICARE TAX BUT NOT INCOME TAX. TRAVIS KELLER BANKING - CHAMBER BOARD MEMBER BANK ACCOUNT 0 ERIC WALKER BANKING - CHAMBER BOARD MEMBER CD AT BOARD MEMBER'S BANK 0 MONICA WARDLOW BANKING - CHAMBER BOARD MEMBER MONEY MARKET ACCOUNT AND CD AT BOARD MEMBER'S BANK 0 KIM THOMAS BANKING - CHAMBER BOARD MEMBER MONEY MARKET ACCOUNT AND CD AT MEMBER'S BANK 0 ANDY BARKER INSURANCE - CHAMBER BOARD MEMBER CHAMBER INSURANCE THROUGH EMPLOYER 0 RODDY GRIMES REPAIRS - CHAMBER BOARD MEMBER REPAIRS THROUGH EMPLOYER 0 HILLARY HIGHTOWER WORKFORCE COORDINATOR - CHAMBER BOARD MEMEBER CITY PAYS 1/2 OF WORKFORCE COORDINATOR CONTRACT 0 AMY MILLIKEN WORKFORCE COORDINATOR - CHAMBER BOARD MEMEBER COUNTY PAYS 1/2 OF WORKFORCE COORDINATOR CONTRACT 0 HEATHER BROOKS LEGAL SERVICES - CHAMBER BOARD MEMBER LEGAL WORKS THRU ELPO FOR CHAMBER BOARD TIME TO TIME 0 JOHN LEE BANKING - CHAMBER BOARD MEMBER BANK ACCOUNT 0 FORM 990, PART VI, SECTION A, LINE 2 VARIOUS MEMBERS OF THE CHAMBER ARE BANKING OFFICERS WITH FINANCIAL INSTITUTIONS WITHIN THE COMMUNITY. AS SUCH, IT CAN BE REASONABLY EXPECTED THAT THE FINANCIAL INSTITUTIONS HAVE PROFESSIONAL RELATIONSHIPS WITH BUSINESS OWNERS WHO ALSO SERVE AS BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A PRELIMINARY DRAFT OF THE 990 IS REVIEWED BY THE CHAMBER PRIOR TO FILING WITH THE IRS FORM 990, PART VI, SECTION B, LINE 12C ORGANIZATION REQUIRES DIRECTORS TO SIGN CONFLICT OF INTEREST FORMS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE FOR THE ORGANIZATION SETS THE CEO'S COMPENSATION AND REVIEWS OTHER EMPLOYEE'S COMPENSATION THROUGH THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BOWLING GREEN AREA CHAMBER FOUNDATION INC 710 COLLEGE STREET BOWLING GREEN KY 42101 205509339 PROVIDES FUNDING FOR EDUCATIONAL PROGRAMS THROUGH THE BOWLING GREEN CHAMBER KY 501(C)(3) LINE 7 BOWLING GREEN AREA CHAMBER OF COMMERCE INC 1 BOWLING GREEN AREA ECONOMIC DEVELOPMENT AUTHORITY INC 710 COLLEGE STREET BOWLING GREEN KY 42101 611329659 RECEIVES MANAGEMNT, MARKETING, AND CLERICAL SERVICES KY 501(C)(6) 0 INTER-MODAL TRANSPORTATION AUTHORITY INC PO BOX 91 BOWLING GREEN KY 42102 611338207 RECEIVES MANAGEMNT, MARKETING, AND CLERICAL SERVICES KY 501(C)(6) 0 THE TRAINING CONSORTIUM OF SOUTH CENTRAL KENTUCKY INC 710 COLLEGE STREET BOWLING GREEN KY 42101 454803325 RECEIVES MANAGEMNT, MARKETING, AND CLERICAL SERVICES KY 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 BOWLING GREEN AREA CHAMBER FOUNDATION INC L NO CASH TRANSFERRED IN 2021 BOWLING GREEN AREA ECONOMIC DEVELOPMENT AUTHORITY L 535000 CASH INTER-MODAL TRANSPORTATION AUTHORITY INC L 446806 CASH AND RECEIVABLES TRAINING CONSORTIUM OF SOUTH CENTRAL KENTUCKY L 26270 CASH AND RECEIVABLES