Oldham Chamber & Economic Development INC FY2020 filing

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The organization strives to be the "go to organization for business networking, business expansion, professional Development and community relationships. Memebership participation helps to increase the awareness of Economic growth in Oldham county,

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
89¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
3 of 4
filings with a surplus
Average surplus $44K a year · 10% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$49K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$346K
Spent
$357K
To programs
89%
Net assets
$89K
By yearFY2020–FY2024
Revenue
$346K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$346K
FY2021$389K
FY2022$455K
FY2024$500K
Expenses
$357K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$357K
FY2021$292K
FY2022$371K
FY2024$494K
Net assets
$89K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$89K
FY2021$168K
FY2022$166K
FY2024$119K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1994.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $318K Management & general 11% · $39K

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

15 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$85,898Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Incoming Chairman
$0Pt VII · Sec A
Vice Chair Membership Serv
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2022FY2021FY2020
David Bizianes$86,000$85,916$91,400$85,898

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Oldham Chamber & Economic Development 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 15aYes

Programs and updates

Connects businesses, fosters professional growth, and builds community relationships to boost economic growth.

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Provided by the organization

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1 program · $318K · in their own filed words · FY2019
01

To promote business networking, professional development and community relationships.

$318Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$346K
Ln 12
Gifts and grantsLn 1h$308K
Fees for servicesLn 2g$36K
Investment incomeLn 3$1K
Money outPt IX
$357K
Ln 25
Programscol B$318K
Managementcol C$39K
Owns and owesPt X
$89K
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$137K
LiabilitiesLn 26$49K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$308K
Government grantsLn 1e$150K
Fees for servicesLn 2g$36K
Investment incomeLn 3$1K
Other incomeLn 4–11$865
Total revenueLn 12$346K
Assets in detailPt X, end of year
CashLn 1$137K
Cash and savings togetherLn 1–2$137K
Total assetsLn 16$137K
LiabilitiesLn 26$49K
Net assetsLn 32$89K
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$161K$137K
Total assetsLn 16$379K$137K
LiabilitiesLn 26$2K$49K
Net assetsLn 32$378K$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$86K$69K$17K
Other salaries and wagesLn 7$141K$128K$13K
Other employee benefitsLn 9$20K$19K$548
Payroll taxesLn 10$18K$15K$2K
Accounting feesLn 11c$6K$5K$731
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$14K$12K$2K
Information technologyLn 14$9K$8K$1K
OccupancyLn 16$315$315
TravelLn 17$6K$6K$802
Conferences, conventions and meetingsLn 19$3K$2K$343
InsuranceLn 23$5K$4K$599
Other expenses (24a–d)Ln 24$35K$34K$841
Total functional expensesLn 25$357K$318K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $500K$494K$6K$119K 990 PDF
FY2023 Not on file
FY2022 $455K$371K$84K$166K 990 PDF
FY2021 $389K$292K$97K$168K 990 PDF
FY2020 Viewing $346K$357K−$11K$89K 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 FY2020 990 (6 parts)
Part I · Summary $345,982 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $299,363$307,720
I-9 Program service revenuePrior year $45,879$36,127
I-10 Investment incomePrior year $2,000$1,270
I-11 Other revenuePrior year $25,210$865
I-12 Total revenuePrior year $372,452$345,982
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $270,252$264,173
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $97,952$92,674
I-18 Total expensesPrior year $368,204$356,847
I-19 Revenue less expensesPrior year $4,248−$10,865
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $345,982 across 8 lines filed
VIII-1b Membership dues$111,920
VIII-1e Government grants$150,000
VIII-1f All other contributions, gifts and grants$45,800
VIII-1h Total contributions, gifts and grants$307,720
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,127$36,127
VIII-3 Investment incomeRelated to mission $1,270$1,270
VIII-5 RoyaltiesRelated to mission $865$865
VIII-12 Total revenueRelated to mission $38,262 · Unrelated business $0 · Excluded from tax $0$345,982
Part IX · Statement of functional expenses $356,847 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $68,800 · Management $17,098$85,898
IX-7 Other salaries and wagesPrograms $127,917 · Management $12,734$140,651
IX-9 Other employee benefitsPrograms $19,267 · Management $548$19,815
IX-10 Payroll taxesPrograms $15,437 · Management $2,372$17,809
IX-11c Accounting feesPrograms $5,149 · Management $731$5,880
IX-12 Advertising and promotionPrograms $15,276$15,276
IX-13 Office expensesPrograms $11,987 · Management $1,682$13,669
IX-14 Information technologyPrograms $7,527 · Management $1,069$8,596
IX-16 OccupancyPrograms $315$315
IX-17 TravelPrograms $5,649 · Management $802$6,451
IX-19 Conferences, conventions and meetingsPrograms $2,416 · Management $343$2,759
IX-23 InsurancePrograms $4,219 · Management $599$4,818
IX-24 Other expenses (24a–d)Programs $34,069 · Management $841$34,910
IX-25 Total functional expensesPrograms $318,028 · Management $38,819 · Fundraising $0$356,847
Part X · Balance sheet $137,190 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $161,210$137,190
X-16 Total assetsStart of year $379,404$137,190
X-17 Accounts payable and accrued expensesStart of year $1,608$2,658
X-24 Unsecured notes and loans payable$45,900
X-26 Total liabilitiesStart of year $1,608$48,558
X-27 Net assets without donor restrictionsStart of year $377,796$88,632
X-32 Total net assets or fund balancesStart of year $377,796$88,632
X-33 Total liabilities and net assetsStart of year $379,404$137,190
Part XI · Reconciliation of net assets $88,632 net assets at year end
XI-1 Total revenue$345,982
XI-2 Total expenses$356,847
XI-3 Revenue less expenses−$10,865
XI-4 Net assets at start of year$377,796
XI-8 Prior period adjustments−$138
XI-9 Other changes in net assets−$278,161
XI-10 Net assets at end of year$88,632

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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