2023-10-17T13:08:34-05:00 2022-12-31 351346211 HARDING SHYMANSKI & CO PSC 101 S FIFTH STREET SUITE 1700 LOUISVILLE KY 40202 990 2022-01-01 610434089 LOUISVILLE AREA CHAMBER OF COMMERCE INC LOUI 5026250000 101 SOUTH FIFTH STREET SUITE 2300 LOUISVILLE KY 40202 SARAH DAVASHER-WISDOM PRESIDENT & CEO 5026250000 2023-09-13 1 SARAH DAVASHER-WISDOM 999009999 1 MICHAEL J VOGEL P00075676 5025844142 2023-09-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREATER LOUISVILLE INC SARAH DAVASHER-WISDOM 614 WEST MAIN STREET STE 6000 LOUISVILLE KY 40202 5473509 0 X WWW.GREATERLOUISVILLE.COM X 1949 KY ACCELERATE ECONOMIC GROWTH, JOB CREATION AND BUSINESS COMPETITIVENESS IN THE GREATER LOUISVILLE REGION. 62 62 42 1200 6849 0 4100263 4116303 868197 1132605 1093 36896 756480 187705 5726033 5473509 8678 9933 0 0 2758411 3198550 0 0 0 2036000 2105353 4803089 5313836 922944 159673 4510911 5033286 986021 1348723 3524890 3684563 ACCELERATE ECONOMIC GROWTH, JOB CREATION AND BUSINESS COMPETITIVENESS IN THE GREATER LOUISVILLE REGION. 0 0 2209031 0 1132605 THE CHAMBER PROVIDES ITS MEMBERS AND THE COMMUNITY WITH MEMBERSHIP, EVENTS AND MEETINGS, ADVOCACY, RESOURCES AND PUBLICATIONS, BUSINESS NETWORKING, COST SAVINGS PROGRAMS AND SMALL BUSINESS RESOURCES. 2755192 9933 0 THE CHAMBER PROVIDES ECONOMIC GROWTH ASSISTANCE TO ITSMEMBERS AND THE COMMUNITY, INCLUDING BUSINESS ATTRACTION, TALENT ATTRACTION, WORKFORCE DEVELOPMENT, EDUCATIONAL ATTAINMENT, REGIONAL STATISTICS AND INDUSTRY SPECIFIC NETWORKS. 489990 0 0 THE CHAMBER PROVIDES ENTERPRISE DEVELOPMENT ASSISTANCE TO ITS MEMBERS AND THE COMMUNITY, INCLUDING MWBE AND SMALL BUSINESS ASSISTANCE, TECHNOLOGY COMMERCIALIZATION, PRIVATE EQUITY FUNDING SOURCES, BUSINESS NETWORKING AND EDUCATAIONAL PROGRAMS. 5454213 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 1 37 0 1 42 1 1 1 0 0 0 1 1 0 0 0 0 0 X 62 62 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X MICHAEL HEICHELBECH 5026250000 614 WEST MAIN STREET SUITE 6000 LOUISVILLE KY 40202 PURNA VEER BOARD MEMBER - CHAIRMAN 3.00 X X 0 0 0 THERESA CANADAY BOARD MEMBER - SECRETARY AND LEGAL COUNSEL 3.00 X X 0 0 0 RUSSELL COX BOARD MEMBER - CHAIRMAN ELECT 3.00 X X 0 0 0 BRADLEY SMITH BOARD MEMBER - TREASURER 3.00 X X 0 0 0 CLIFF ASHBURNER BOARD MEMBER 1.00 X 0 0 0 TAWANA BAIN BOARD MEMBER 1.00 X 0 0 0 DAVID BECK BOARD MEMBER 1.00 X 0 0 0 LONNIE BELLAR BOARD MEMBER 1.00 X 0 0 0 LISA BENSON BOARD MEMBER 1.00 X 0 0 0 SPENCER BRUCE BOARD MEMBER 1.00 X 0 0 0 GABBY BRUNO BOARD MEMBER 1.00 X 0 0 0 KRISTEN BYRD BOARD MEMBER 1.00 X 0 0 0 CAROL CHRISTIAN BOARD MEMBER 1.00 X 0 0 0 ANN COFFEY BOARD MEMBER 1.00 X 0 0 0 ROB COHEN BOARD MEMBER 1.00 X 0 0 0 GERARD COLMAN BOARD MEMBER 1.00 X 0 0 0 BRIAN CROMER BOARD MEMBER 1.00 X 0 0 0 CONDRAD DANIELS BOARD MEMBER 1.00 X 0 0 0 WENDY DANT CHESSER BOARD MEMBER 1.00 X 0 0 0 DARYN DEMERITT BOARD MEMBER 1.00 X 0 0 0 MAYOR BILL DIERUF BOARD MEMBER 1.00 X 0 0 0 SUSAN DONOVAN BOARD MEMBER 1.00 X 0 0 0 JENNIFER EBERLE BOARD MEMBER 1.00 X 0 0 0 LES FUGATE BOARD MEMBER 1.00 X 0 0 0 STEVE GAULT BOARD MEMBER 1.00 X 0 0 0 LORI GONZALEZ BOARD MEMBER 1.00 X 0 0 0 MARIAH GRATZ BOARD MEMBER 1.00 X 0 0 0 DEMETRIUS GRAY BOARD MEMBER 1.00 X 0 0 0 KIMBERLY HALBAUER BOARD MEMBER 1.00 X 0 0 0 TY HANDY BOARD MEMBER 1.00 X 0 0 0 DENNIE HEISHMAN BOARD MEMBER 1.00 X 0 0 0 DAVID JAMES BOARD MEMBER 1.00 X 0 0 0 BETSY JANES BOARD MEMBER 1.00 X 0 0 0 FRANKLIN JELSMA BOARD MEMBER 1.00 X 0 0 0 DENISE JEROME BOARD MEMBER 1.00 X 0 0 0 JIM JOSEPH BOARD MEMBER 1.00 X 0 0 0 SHEILA KAVANAUGH BOARD MEMBER 1.00 X 0 0 0 CYNTHIA KNAPEK BOARD MEMBER 1.00 X 0 0 0 LANCE MANN BOARD MEMBER 1.00 X 0 0 0 JEFF MCKENZIE BOARD MEMBER 1.00 X 0 0 0 JOHN MEGIBBEN BOARD MEMBER 1.00 X 0 0 0 JEFF O'BRIEN BOARD MEMBER 1.00 X 0 0 0 CAROLINE OYLER BOARD MEMBER 1.00 X 0 0 0 TONY PARROTT BOARD MEMBER 1.00 X 0 0 0 PHILIP POINDEXTER BOARD MEMBER 1.00 X 0 0 0 DIANA QUESADA BOARD MEMBER 1.00 X 0 0 0 JORDAN REBER BOARD MEMBER 1.00 X 0 0 0 KENDRICK RIGGS BOARD MEMBER 1.00 X 0 0 0 CARLOS SANCHEZ BOARD MEMBER 1.00 X 0 0 0 CAMILLA SCHROEDER BOARD MEMBER 1.00 X 0 0 0 LISA SEIBERT BOARD MEMBER 1.00 X 0 0 0 BRAD SEIGEL BOARD MEMBER 1.00 X 0 0 0 SCOTT SHOENBERGER BOARD MEMBER 1.00 X 0 0 0 EVON SMITH BOARD MEMBER 1.00 X 0 0 0 KEVIN SMITH BOARD MEMBER 1.00 X 0 0 0 KENT SUITERS BOARD MEMBER 1.00 X 0 0 0 DAVID TATE BOARD MEMBER 1.00 X 0 0 0 JOE VENTURA BOARD MEMBER 1.00 X 0 0 0 JOHN WAGGONER BOARD MEMBER 1.00 X 0 0 0 BRIAN WISE BOARD MEMBER 1.00 X 0 0 0 NICOLE YATES BOARD MEMBER 1.00 X 0 0 0 TAMMY YORK DAY BOARD MEMBER 1.00 X 0 0 0 SARAH DAVASHER-WISDOM PRESIDENT AND CEO 40.00 X 289693 0 10892 REBECCA WOOD CHIEF OPERATING OFFICER 40.00 X 182208 0 5694 471901 0 16586 2 0 1 0 0 1397313 117200 2601790 89000 4116303 SPONSORSHIPS 900099 466200 466200 REGISTRATIONS 900099 420135 420135 PROGRAM ADMINISTRATIVE 900099 246270 246270 1132605 36896 36896 MISCELLANEOUS INCOME 900099 180356 180356 ADVERTISING 541800 6849 6849 CONSULTING INCOME 541610 500 500 187705 5473509 1132605 6849 217752 9933 488487 2345049 73892 102221 188901 5337 56091 78015 234189 38903 8884 89132 505343 20450 141 63042 24775 MEALS AND ENTERTAINMENT 286862 TRAVEL 207168 IN-KIND EXPENSE 144630 DUES AND SUBSCRIPTIONS 141345 201046 5313836 1030210 349961 2953092 4045802 229313 137454 121147 6365 76978 109083 1788063 1670117 100171 117946 0 266675 4510911 5033286 399771 449874 551008 641325 35242 257524 986021 1348723 X 2890701 3053578 634189 630985 3524890 3684563 4510911 5033286 159673 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 2713409 78015 78015 171852 -93837 400772 381886 18886 736294 645871 90423 650997 642360 8637 117946 ACCRUED INTEREST 7429 RIGHT OF USE ASSET 259246 266675 ACCRUED RETIREMENT BENEFITS 25166 KY LIFT 1886 SHORT TERM OPERATING LEASE LIABILITY 230472 257524 X 5613750 140241 140241 5473509 0 5473509 5454077 140241 140241 5313836 0 5313836 PART X, LINE 2: THE CHAMBER IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE CHAMBER IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. MANAGEMENT EVALUATED THE CHAMBER'S UNCERTAIN TAX POSITIONS AND CONCLUDED THAT THE CHAMBER HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. X 1 1 X X X X 0 0 0 SARAH DAVASHER-WISDOM PRESIDENT AND CEO 289693 0 0 0 0 0 0 0 10892 0 300585 0 0 0 REBECCA WOOD CHIEF OPERATING OFFICER 182208 0 0 0 0 0 0 0 5694 0 187902 0 0 0 PART I, LINE 1A -DISCRETIONARY SPENDING ACCOUNT -SARAH DAVASHER-WISDOM -PART OF THE DISCRETIONARY SPENDING ACCOUNTS IS TREATED AS COMPENSATION. BUSINESS FIRST OF LOUISVILLE LISA BENSON/BOARD MEMBER 5375 ADVERTISING 0 CAESAR'S INDIANA BRAD SEIGEL/BOARD MEMBER 777 EVENT HOSTING 0 CHURCHILL DOWNS INC BETSY JANES/BOARD MEMBER 3995 EVENT HOSTING 0 DENTONS BINGHAM GREENBAUM LLP JEFF MCKENZIE/BOARD MEMBER 1500 LEGAL SERVICES 0 FROST BROWN TODD LLC THERESA CANADAY/BOARD MEMBER 3837 LEGAL SERVICES 0 HUMANA HEALTH PLAN INC JOE BENTURA/BOARD MEMBER 127439 HEALTH INSURANCE 0 KENTUCKY STATE FAIR BOARD DAVID BECK/BOARD MEMBER 2703 EVENT HOSTING 0 LEADERSHIP LOUSIVILLE CENTER CYNTHIA KNAPEK/BOARD MEMBER 350 PROGRAM ACTIVITIES 0 MCM - MOUNTJOY CHILTON MEDLEY LLP BRAD SMITH/BOARD MEMBER 5200 ACCOUNTING SERVICES 0 MICHAELIS EVENTS LLC DENISE JEROME/BOARD MEMBER 2288 EVENT HOSTING 0 MIGHTILY LLC LEA SEIBERT/BOARD MEMBER 66400 WEBSITE SERVICES 0 TBAIN & CO LLC TAWANA BAIN/BOARD MEMBER 1647 EVENT ASSISTANCE 0 UNIVERSITY OF LOUISVILLE LORI GONZALEZ/BOARD MEMBER 2555 EVENT HOSTING 0 X PRINTING 5 89000 SELLING PRICE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 MOST MEMBERS OF THE CHAMBER'S BOARD ARE ALSO OFFICERS AND DIRECTORS OF OTHER BUSINESSES IN THE LOUISVILLE AREA, AND THEREFORE HAVE BUSINESS AND BOARD RELATIONSHIPS WITH ONE ANOTHER. TRANSACTIONS OCCUR IN THE ORDINARY COURSE OF BUSINESS, INCLUDING BANKING SERVICES, HEALTH AND OTHER INSURANCE, HUMAN RESOURCE CONSULTING, ADVERTISING, AND FOOD AND VENUE SERVICES BETWEEN THESE ORGANIZATIONS AND THE CHAMBER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHICH CONSIST OF BUSINESSES AND INDIVIDUALS IN THE COMMUNITY. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE FINANCE COMMITTEE REVIEW A DRAFT OF THE FORM 990 DURING A COMMITTEE MEETING. ALL BOARD MEMBERS ARE DIRECTED TO A RESTRICTED WEBSITE THAT THE ORGANIZATION HAS CREATED THAT CONTAINS A DRAFT OF THE FORM 990 FOR THEIR REVIEW. THE TAX RETURN PREPARER IS THEN NOTIFIED WITH ANY FOLLOW-UP QUESTIONS OR WITH APPROVAL OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12B JOE VENTURA IS AN OFFICER OF HUMANA AND LOUISVILLE AREA CHAMBER OF COMMERECE. LOUISVILLE AREA CHAMBER OF COMMERCE UTLIZIED HUMANA HEALTH INSIRANCE AS PART OF THE THEIR HEALTH SOLUTIONS INSURANCE OFFERING TO ITS MEMEBERS. MR. VENTURA DID NOT HAVE ANY IMPACT ON HUMANA'S PRICING OR OTHER OFFERINGS NOR DID HE HAVE ANY INFLUENCE OVER LOUSIVILLE AREA CHAMBER OF COMMERCE'S DECISION ON THE HUMANA PRODUCTS IT PURCHASED FORM 990, PART VI, SECTION B, LINE 12C A LETTER IS SENT ANNUALLY TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES REQUESTING DISCLOSURE OF ANY INTERESTS THAT COULD BE A CONFLICT OF INTEREST. THE REPLIES ARE REVIEWED AND ANY POTENTIAL CONFLICTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE FOR APPROPRIATE ACTION. ALL EMPLOYEES SIGN AN ACKNOWLEDGEMENT OF RECEIVING THE CONFLICT OF INTEREST POLICY, WHICH IS INCLUDED IN THE EMPLOYEE HANDBOOK. SUPERVISORS ANNUALLY REVIEW THIS POLICY WITH THEIR EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A WAGE AND SALARY PLAN IN PLACE FOR ALL EMPLOYEES THAT IS BENCHMARKED WITH OTHER COMPANIES LOCALLY AND IN THE REGION. ADDITIONALLY, THE PRESIDENT/CEO SALARY IS BENCHMARKED WITH OTHER CHAMBERS IN THE COUNTRY THAT ARE IN OUR SAME REVENUE TIER. THE PRESIDENT/CEO REVIEWED THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES AND APPROVED THEIR SALARIES IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S WEBSITE CONTAINS A SECTION ON GOVERNANCE, DESCRIBES THE GOVERNING BODY, LISTS THE DIRECTORS AND OFFICERS. THE ORGANIZATION PROVIDES COPIES OF FINANCIAL STATEMENTS AND FORM 990 UPON REQUEST BY THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR GREATER LOUISVILLE FOUNDATION INC 614 WEST MAIN ST STE 6000 LOUISVILLE KY 40202 611131064 ECONOMIC DEVELOPMENT KY 501(C)(3) 7 N/A 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 GREATER LOUISVILLE FOUNDATION INC C 144260 FMV GREATER LOUISVILLE FOUNDATION INC L 24000 FMV GREATER LOUISVILLE FOUNDATION INC D 6365 FMV