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Highland Commerce Guild INC FY2022 filing

Not tax-deductible

Louisville, KY501(c)(6)Since 1977Mutual / membership EIN 61-1237560Revenue $38K in FY2022

On file with the IRShighlandcommerceguild.com1803 Eastern Pkwy, 40204-1416 · Louisville, KYTax-exempt since Jul 1993

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To foster a sense of community cooperation in solving problems of the geographic area and encourage property upkeep and maintenance in the area.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $4K a year · 9% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38K
+0.2% vs prior year
Spent
$51K
To programs
58%
Net assets
$23K
By yearFY2020–FY2025
Revenue
$38K
FY2022+0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$28K
FY2021$38K
FY2022$38K
FY2023$51K
FY2024$46K
FY2025$52K
Expenses
$51K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$35K
FY2021$43K
FY2022$51K
FY2023$49K
FY2024$47K
FY2025$50K
Net assets
$23K
FY2022▼ -37%
Tap a bar for its year
Net assets by fiscal year
FY2020$42K
FY2021$37K
FY2022$23K
FY2023$16K
FY2024$15K
FY2025$18K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1993.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $30K Management & general 42% · $22K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Aaron Givan
President
$0Pt VII · Sec A
Jeff Myers
Treasurer
$0Pt VII · Sec A
Nick Morris
Vice President
$0Pt VII · Sec A
See Highland Commerce Guild INC 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 15aNo

Programs and updates

Encourages neighbors to work together, improve properties, and solve local issues.

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Provided by the organization

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2 programs · $30K · in their own filed words · FY2022
01

The Guild participates in a Grafitti Abatement program, removing unsightly grafitti from area public structures.

$19Kprogram expense
02

Bardstown Road Aglow, encouraging merchant, church, and community group participation in this annual holiday event.

$11Kprogram expense

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 · FY2023
Shirley's Way INCFY2023$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$38K
Ln 12
Fees for servicesLn 2g$24K
Gifts and grantsLn 1h$14K
Money outPt IX
$51K
Ln 25
Programscol B$30K
Managementcol C$22K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$23K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Fees for servicesLn 2g$24K
Total revenueLn 12$38K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
Total assetsLn 16$23K
LiabilitiesLn 26$0
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$29K$15K
Total assetsLn 16$37K$23K
LiabilitiesLn 26$0$0
Net assetsLn 32$37K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$200$200
Office expensesLn 13$964$964
InsuranceLn 23$511$511
Other expenses (24a–d)Ln 24$30K$30K$480
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$51K$30K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $52K$50K$2K$18K 990 PDF
FY2024 $46K$47K−$939$15K 990 PDF
FY2023 $51K$49K$1K$16K 990 PDF
FY2022 Viewing $38K$51K−$14K$23K 990 PDF
FY2021 $38K$43K−$5K$37K 990 PDF
FY2020 $28K$35K−$8K$42K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $37,780 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,300$13,700
I-9 Program service revenuePrior year $30,403$24,080
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $37,703$37,780
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $42,752$51,472
I-18 Total expensesPrior year $42,752$51,472
I-19 Revenue less expensesPrior year −$5,049−$13,692
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $37,780 across 4 lines filed
VIII-1b Membership dues$13,700
VIII-1h Total contributions, gifts and grants$13,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,080$24,080
VIII-12 Total revenueRelated to mission $24,080 · Unrelated business $0 · Excluded from tax $0$37,780
Part IX · Statement of functional expenses $51,472 across 6 lines filed
IX-11c Accounting feesManagement $5,295$5,295
IX-12 Advertising and promotionManagement $200$200
IX-13 Office expensesManagement $964$964
IX-23 InsuranceManagement $511$511
IX-24 Other expenses (24a–d)Programs $29,741 · Management $480$30,221
IX-24e All other expensesManagement $14,281$14,281
IX-25 Total functional expensesPrograms $29,741 · Management $21,731 · Fundraising $0$51,472
Part X · Balance sheet $23,436 assets, 6 lines filed
Asset lines not itemized here account for $8,480; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $28,548$14,956
X-16 Total assetsStart of year $37,128$23,436
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $37,128$23,436
X-32 Total net assets or fund balancesStart of year $37,128$23,436
X-33 Total liabilities and net assetsStart of year $37,128$23,436
Part XI · Reconciliation of net assets $23,436 net assets at year end
XI-1 Total revenue$37,780
XI-2 Total expenses$51,472
XI-3 Revenue less expenses−$13,692
XI-4 Net assets at start of year$37,128
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,436

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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