Bowling Green Area Chamberfoundation Inc
- Assets
- $542.8k
- Revenue
- $155.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-5509339
Organization Overview
Bowling Green Area Chamberfoundation Inc is located in Bowling Green, KY. The organization was established in 2007. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is the central organization for a national or regional group of organizations. Bowling Green Area Chamberfoundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bowling Green Area Chamberfoundation Inc generated $155.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $161.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS THE BOWLING GREEN AREA CHAMBER OF COMMERCE, INC., COLLECTING CONTRIBUTIONS THAT ALLOW THE CHAMBER OF COMMERCE TO CONDUCT PROGRAMS OF COMMUNITY WIDE BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCK LAUNCH EXPERIENCE IS A PARTNERSHIP BETWEEN THE BOWLING GREEN AREA CHAMBER FOUNDATION, THE BOWLING GREEN INDEPENDENT SCHOOL DISTRICT, WARREN COUNTY PUBLIC SCHOOLS AND LOCAL BUSINESSES TO ENSURE FUTURE GRADUATES SUCCEED IN THEIR CAREERS. THE SCK LAUNCH EXPERIENCE HOSTS AN ANNUAL HANDS-ON CAREER EXPO FOR 8TH GRADERS; EDUCATORS ATTEND AN EDUCATOR EXTERNSHIP OR CAREER SHADOWING AND STUDENTS CAN PARTICIPATE IN CAREER SHADOWING OPPORTUNITIES.
LEADERSHIP BOWLING GREEN HOSTED ANOTHER CLASS OF FUTURE LEADERS AND INSPIRED THEM THROUGH PROGRAMMING RELATED TO OUR COMMUNITY.
THE ONTRACK PROGRAM IS THE CHAMBER'S STEM PROGRAMMING BUILT AROUND PERFORMANCE RACING. ONTRACK IS DESIGNED TO DRIVE EDUCATION THROUGH MOTORSPORTS. ONTRACK HAS TWO COMPONENTS - THE GRUDGE MATCH AND PRIMARY SCHOOL ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Bunch President & CEO | OfficerTrustee | 1 | $0 |
Tommy Adams Chairman | OfficerTrustee | 1 | $0 |
Mike Murphy Board Member | Trustee | 1 | $0 |
Ann Puckett Board Member | Trustee | 1 | $0 |
Rodney Rogers Board Member | Trustee | 1 | $0 |
Mike Simpson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,890 |
| Total Program Service Revenue | $95,693 |
| Investment income | $462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,100 |
| Advertising and promotion | $0 |
| Office expenses | $47 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $161,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,441 |
| Savings and temporary cash investments | $204,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $542,774 |
| Accounts payable and accrued expenses | $8,739 |
| Grants payable | $0 |
| Deferred revenue | $31,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,239 |
| Net assets without donor restrictions | $492,421 |
| Net assets with donor restrictions | $10,114 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $542,774 |