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Henderson - Henderson County

Not tax-deductible

Henderson, KY501(c)(6)EIN 61-0463069

The henderson chamber of commerce provides information, services, and advocacy expertise for the business and governments of henderson, union, webster, and mclean counties. IT serves as the chamber of commerce for henderson county, but also partners with chambers in the other three counties to help in business support activities. The chamber is the lead industrial recruitment and expansion assistance organization for all four counties.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$153K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$472K
-11% vs prior year
Spent
$463K
To programs
100%
Net assets
$119K
By yearFY2020–FY2024
Revenue
$472K
FY2024▼ -11%
Revenue by fiscal year
FY2020$329K
FY2021$317K
FY2022$449K
FY2023$528K
FY2024$472K
Expenses
$463K
FY2024▼ -17%
Expenses by fiscal year
FY2020$334K
FY2021$289K
FY2022$477K
FY2023$555K
FY2024$463K
Net assets
$119K
FY2024▼ -1%
Net assets by fiscal year
FY2020$35K
FY2021$63K
FY2022$137K
FY2023$121K
FY2024$119K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $462K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation
Dr Michelle Chappell
Vice Chair Ed/Health
$0Pt VII · Sec A
Greg Risch
Director
$0Pt VII · Sec A
Doug Lawson
Vice Chair Governmen
$0Pt VII · Sec A
$0Pt VII · Sec A
Liz Thomas
Treasurer
$0Pt VII · Sec A
Lin Shannon
Past Board Chair
$0Pt VII · Sec A
Eric Gardner
Board Chair
$0Pt VII · Sec A
Dr Katy Mussatt
Chair-Elect
$0Pt VII · Sec A
See Henderson - Henderson County executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports businesses and governments with information, services, and advocacy.

Provided by the organization

This section is blank until Henderson - Henderson County claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Advancing the business community

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
United Way of Henderson CountyFY2022$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$472K
Ln 12
Gifts and grantsLn 1h$308K
Fees for servicesLn 2g$163K
Investment incomeLn 3$2K
Money outPt IX
$463K
Ln 25
Programscol B$462K
Owns and owesPt X
$119K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$272K
LiabilitiesLn 26$153K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$308K
Fees for servicesLn 2g$163K
Investment incomeLn 3$2K
Total revenueLn 12$472K
Assets in detailPt X, end of year
CashLn 1$167K
Cash and savings togetherLn 1–2$167K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$272K
LiabilitiesLn 26$153K
Net assetsLn 32$119K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$229K$167K
Land, buildings, equipmentLn 10c$12K$10K
Total assetsLn 16$295K$272K
LiabilitiesLn 26$174K$153K
Net assetsLn 32$121K$119K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$208K$208K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$14K$14K
Advertising and promotionLn 12$35K$35K
OccupancyLn 16$13K$13K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$102K$102K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$52K$52K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$463K$462K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $472K$463K$9K$119K 990 PDF
FY2023 $528K$555K−$27K$121K 990 PDF
FY2022 $449K$477K−$28K$137K 990 PDF
FY2021 $317K$289K$29K$63K 990 PDF
FY2020 $329K$334K−$5K$35K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $471,731 across 6 lines filed
VIII-1b Membership dues$238,224
VIII-1f All other contributions, gifts and grants$69,465
VIII-1h Total contributions, gifts and grants$307,689
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $162,505$162,505
VIII-3 Investment incomeUnrelated business $1,537$1,537
VIII-12 Total revenueRelated to mission $0 · Unrelated business $164,042 · Excluded from tax $0$471,731
Part IX · Statement of functional expenses $463,216 across 11 lines filed
IX-7 Other salaries and wagesPrograms $208,096$208,096
IX-9 Other employee benefitsPrograms $5,182$5,182
IX-10 Payroll taxesPrograms $13,525$13,525
IX-12 Advertising and promotionPrograms $34,715$34,715
IX-16 OccupancyPrograms $13,380$13,380
IX-17 TravelPrograms $2,267$2,267
IX-19 Conferences, conventions and meetingsPrograms $101,667$101,667
IX-22 Depreciation, depletion and amortization$1,561
IX-23 InsurancePrograms $15,400$15,400
IX-24 Other expenses (24a–d)Programs $52,188$52,188
IX-24e All other expensesPrograms $15,235$15,235
IX-25 Total functional expensesPrograms $461,655 · Management $0 · Fundraising $0$463,216
Part X · Balance sheet $271,992 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $228,870$167,349
X-4 Accounts receivableStart of year $48,131$88,714
X-9 Prepaid expenses and deferred chargesStart of year $6,272$5,826
X-10c Land, buildings and equipment, netStart of year $11,866$10,103
X-14 Intangible assets$0
X-16 Total assetsStart of year $295,139$271,992
X-17 Accounts payable and accrued expensesStart of year $13,979$862
X-25 Other liabilitiesStart of year $160,212$151,901
X-26 Total liabilitiesStart of year $174,191$152,763
X-27 Net assets without donor restrictionsStart of year $113,475$110,658
X-28 Net assets with donor restrictionsStart of year $7,473$8,571
X-32 Total net assets or fund balancesStart of year $120,948$119,229
X-33 Total liabilities and net assetsStart of year $295,139$271,992
Part XI · Reconciliation of net assets $119,229 net assets at year end
XI-1 Total revenue$471,731
XI-2 Total expenses$463,216
XI-3 Revenue less expenses$8,515
XI-4 Net assets at start of year$120,948
XI-8 Prior period adjustments−$11,130
XI-9 Other changes in net assets−$202
XI-10 Net assets at end of year$119,229

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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