Oldham Chamber & Economic Development INC FY2022 filing

Not tax-deductible

La Grange, KY501(c)(6)Mutual / membership EIN 61-1243293Revenue $455K in FY2022Latest return filed Feb 28, 2025

On file with the IRSoldhamcountychamber.com204 S First Ave, 40031-1204 · La Grange, KYTax-exempt since Jan 1994

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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.
90¢ 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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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
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
90%
of spending
Looks good: 90% 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 · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.4 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
$1K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$455K
+17% vs prior year
Spent
$371K
To programs
90%
Net assets
$166K
By yearFY2020–FY2024
Revenue
$455K
FY2022▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$346K
FY2021$389K
FY2022$455K
FY2024$500K
Expenses
$371K
FY2022▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$357K
FY2021$292K
FY2022$371K
FY2024$494K
Net assets
$166K
FY2022▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$89K
FY2021$168K
FY2022$166K
FY2024$119K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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

90 cents of each dollar spent went to programs.

Program services 90% · $333K Management & general 10% · $38K

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 (FY2021); the FY2022 filing did not itemize Part VII
$85,916Pt VII · Sec A
Vice Chair Econ Dev
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · $333K · in their own filed words · FY2021
01

To promote business networking, professional development and community relationships.

$333Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$455K
Ln 12
Gifts and grantsLn 1h$406K
Fees for servicesLn 2g$49K
Investment incomeLn 3$117
Money outPt IX
$371K
Ln 25
Programscol B$333K
Managementcol C$38K
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$167K
LiabilitiesLn 26$1K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$406K
Government grantsLn 1e$291K
Fees for servicesLn 2g$49K
Investment incomeLn 3$117
Total revenueLn 12$455K
Assets in detailPt X, end of year
CashLn 1$167K
Cash and savings togetherLn 1–2$167K
Total assetsLn 16$167K
LiabilitiesLn 26$1K
Net assetsLn 32$166K
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 FY22End FY22
Cash and savingsLn 1–2$170K$167K
Total assetsLn 16$171K$167K
LiabilitiesLn 26$4K$1K
Net assetsLn 32$167K$166K
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$129K$122K$7K
Pension plan contributionsLn 8$6K$5K$548
Other employee benefitsLn 9$34K$30K$4K
Payroll taxesLn 10$17K$15K$2K
Legal feesLn 11b$625$554$71
Accounting feesLn 11c$6K$6K$727
Other fees for servicesLn 11g$2K$2K$274
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$12K$11K$1K
Information technologyLn 14$12K$11K$1K
OccupancyLn 16$7K$6K$815
TravelLn 17$9K$8K$1K
InsuranceLn 23$6K$6K$715
Other expenses (24a–d)Ln 24$35K$34K$1K
Total functional expensesLn 25$371K$333K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Feb 28, 2025 $500K$494K$6K$119K 990 PDF
FY2023 Not on file
FY2022 ViewingFiled with the IRS Feb 16, 2023 $455K$371K$84K$166K 990 PDF
FY2021Filed with the IRS Dec 9, 2021 $389K$292K$97K$168K 990 PDF
FY2020Filed with the IRS Feb 8, 2021 $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 FY2022 990 (6 parts)
Part I · Summary $454,895 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $309,688$405,841
I-9 Program service revenuePrior year $32,285$48,937
I-10 Investment incomePrior year $149$117
I-11 Other revenuePrior year $46,915$0
I-12 Total revenuePrior year $389,037$454,895
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 $213,154$271,549
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,266$99,787
I-18 Total expensesPrior year $292,420$371,336
I-19 Revenue less expensesPrior year $96,617$83,559
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $454,895 across 6 lines filed
VIII-1b Membership dues$115,041
VIII-1e Government grants$290,800
VIII-1h Total contributions, gifts and grants$405,841
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,937$48,937
VIII-3 Investment incomeExcluded from tax $117$117
VIII-12 Total revenueRelated to mission $48,937 · Unrelated business $0 · Excluded from tax $117$454,895
Part IX · Statement of functional expenses $371,336 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $68,733 · Management $17,183$85,916
IX-7 Other salaries and wagesPrograms $121,533 · Management $7,434$128,967
IX-8 Pension plan contributionsPrograms $5,460 · Management $548$6,008
IX-9 Other employee benefitsPrograms $29,736 · Management $3,810$33,546
IX-10 Payroll taxesPrograms $15,248 · Management $1,864$17,112
IX-11b Legal feesPrograms $554 · Management $71$625
IX-11c Accounting feesPrograms $5,677 · Management $727$6,404
IX-11g Other fees for servicesPrograms $2,111 · Management $274$2,385
IX-12 Advertising and promotionPrograms $8,495$8,495
IX-13 Office expensesPrograms $10,696 · Management $1,340$12,036
IX-14 Information technologyPrograms $10,539 · Management $1,350$11,889
IX-16 OccupancyPrograms $6,359 · Management $815$7,174
IX-17 TravelPrograms $8,295 · Management $1,063$9,358
IX-23 InsurancePrograms $5,582 · Management $715$6,297
IX-24 Other expenses (24a–d)Programs $34,122 · Management $1,002$35,124
IX-25 Total functional expensesPrograms $333,140 · Management $38,196 · Fundraising $0$371,336
Part X · Balance sheet $167,145 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $169,819$166,846
X-4 Accounts receivableStart of year $1,583$299
X-16 Total assetsStart of year $171,402$167,145
X-17 Accounts payable and accrued expensesStart of year $3,948$1,132
X-26 Total liabilitiesStart of year $3,948$1,132
X-27 Net assets without donor restrictionsStart of year $167,454$166,013
X-32 Total net assets or fund balancesStart of year $167,454$166,013
X-33 Total liabilities and net assetsStart of year $171,402$167,145
Part XI · Reconciliation of net assets $166,013 net assets at year end
XI-1 Total revenue$454,895
XI-2 Total expenses$371,336
XI-3 Revenue less expenses$83,559
XI-4 Net assets at start of year$167,454
XI-9 Other changes in net assets−$85,000
XI-10 Net assets at end of year$166,013

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

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