2024-10-31T08:35:52-05:00 2023-12-31 351346211 HARDING SHYMANSKI & CO PSC 101 S FIFTH STREET SUITE 1700 LOUISVILLE KY 40202 990 2023-01-01 610434089 LOUISVILLE AREA CHAMBER OF COMMERCE INC LOUI 5026250000 101 SOUTH FIFTH STREET SUITE 2300 LOUISVILLE KY 40202 SARAH DAVASHER-WISDOM PRESIDENT & CEO 5026250000 2024-10-09 1 1 MICHAEL J VOGEL P00075676 5025844142 2024-10-09 2023 2024-10-15 13:58:12Z GREATER LOUISVILLE INC SARAH DAVASHER-WISDOM 101 SOUTH FIFTH STREET SUITE 2300 LOUISVILLE KY 40202 6051992 0 X WWW.GREATERLOUISVILLE.COM X 1949 KY ACCELERATE ECONOMIC GROWTH, JOB CREATION AND BUSINESS COMPETITIVENESS IN THE GREATER LOUISVILLE REGION. 60 60 39 1275 9620 2486 4116303 3853473 1132605 1676120 36896 193913 187705 328486 5473509 6051992 9933 38559 0 0 3198550 3367075 0 0 0 2105353 2645936 5313836 6051570 159673 422 5033286 8187731 1348723 4502752 3684563 3684979 ACCELERATE ECONOMIC GROWTH, JOB CREATION AND BUSINESS COMPETITIVENESS IN THE GREATER LOUISVILLE REGION. 0 0 1223944 0 1087697 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. 2574501 38559 417450 THE CHAMBER PROVIDES ECONOMIC GROWTH ASSISTANCE TO ITSMEMBERS AND THE COMMUNITY, INCLUDING BUSINESS ATTRACTION, TALENTATTRACTION AND RETENTION PROGRAMS (INCLUDING LOW COST TALENT RECRUITING PROGRAMS), WORKFORCE DEVELOPMENT, EDUCATIONAL ATTAINMENT, REGIONAL, STATISTICS AND INDUSTRY SPECIFIC NETWORKS. 422050 0 170973 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. 4220495 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 53 0 1 39 1 1 1 0 0 0 1 1 0 0 0 0 0 X 60 60 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 101 SOUTH FIFTH STREET SUITE 2300 LOUISVILLE KY 40202 RUSSELL COX CHAIRMAN 3.00 1.00 X X 0 0 0 CONDRAD DANIELS CHAIRMAN ELECT 3.00 1.00 X X 0 0 0 PURNA VEER IMMEDIATE PAST CHAIR 3.00 X X 0 0 0 GREG EHRHARD SECRETARY AND LEGAL COUNSEL 3.00 X X 0 0 0 BRADLEY SMITH TREASURER 1.00 X X 0 0 0 ALEX ALVAREZ BOARD MEMBER 1.00 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 THERESA CANADAY BOARD MEMBER 1.00 X 0 0 0 JAKE CANNON BOARD MEMBER 1.00 X 0 0 0 CAROLE CHRISTIAN BOARD MEMBER 1.00 X 0 0 0 GERARD COLMAN 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 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 DENNIS HEISHMAN BOARD MEMBER 1.00 X 0 0 0 BETSY JANES 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 TIFFANY KELLEY-JENKINS BOARD MEMBER 1.00 X 0 0 0 MARK KIRCHDORFER 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 JOHN MEGIBBEN BOARD MEMBER 1.00 X 0 0 0 LISA NALLEY 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 CAROL PIKE 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 KIMBERLY SCHATZEL BOARD MEMBER 1.00 X 0 0 0 CAMILLA SCHROEDER BOARD MEMBER 1.00 X 0 0 0 LESA 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 JAMES STRANGE 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 CHRIS WARD BOARD MEMBER 1.00 X 0 0 0 MARKUS WINKLER 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 4.00 X 375324 0 32038 REBECCA WOOD CHIEF OPERATING OFFICER 40.00 X 225000 0 7623 600324 0 39661 2 0 1 0 0 1327586 135000 2390887 171082 3853473 SPONSORSHIPS 900099 809863 809863 REGISTRATIONS 900099 658107 658107 PROGRAM ADMINISTRATIVE 900099 208150 208150 1676120 193913 193913 MISCELLANEOUS INCOME 900099 318866 318866 ADVERTISING 541800 9620 9620 328486 6051992 1676120 9620 512779 38559 38559 639985 372400 267585 2343615 1363723 979892 77870 45312 32558 99187 57716 41471 206418 120112 86306 941 848 93 49980 45065 4915 81618 73591 8027 328619 298495 30124 75843 69880 5963 13871 13506 365 88500 79796 8704 572713 449875 122838 52809 43692 9117 78 54 24 70635 51635 19000 26547 18051 8496 TRAVEL 361133 354612 6521 MEALS AND ENTERTAINMENT 343306 333692 9614 IN-KIND EXPENSES 171082 98904 72178 DUES AND SUBSCRIPTIONS 151702 98461 53241 256559 192516 64043 6051570 4220495 1831075 0 349961 964650 4045802 3305777 137454 124633 6365 9620 109083 270231 1203643 742220 117946 461423 0 73216 266675 2978181 5033286 8187731 449874 500140 641325 866074 257524 3136538 1348723 4502752 X 3053578 3358765 630985 326214 3684563 3684979 5033286 8187731 X 422 -6 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 2761704 81618 81618 175069 -93451 280774 10132 270642 263523 236551 26972 659346 495537 163809 461423 RIGHT OF USE ASSET 2959681 SPACE CONTRIBUTIONS RECEIVABLE 18500 2978181 ACCRUED RETIREMENT BENEFITS 22642 KY LIFT 1886 SHORT TERM OPERATING LEASE LIABILITY 219067 LONG TERM OPERATING LEASE LIABILITY 2892943 3136538 X 6051992 0 6051992 0 6051992 6051570 0 6051570 0 6051570 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 295324 0 80000 0 0 0 19440 0 12598 0 407362 0 0 0 REBECCA WOOD CHIEF OPERATING OFFICER 175000 0 50000 0 0 0 0 0 7623 0 232623 0 0 0 PART I, LINE 1A -DISCRETIONARY SPENDING ACCOUNT -SARAH DAVASHER-WISDOM -PART OF THE DISCRETIONARY SPENDING ACCOUNTS IS TREATED AS COMPENSATION. AL J SCHNEIDER COMPANY BOARD MEMBER 8000 EVENTS HOSTING 0 BUSINESS FIRST BOARD MEMBER 15929 TRADES AND ADVERTISING 0 CHURCHILL DOWNS INC MEMBER/CONTRIBUTOR 7329 EVENTS HOSTING 0 FROST BROWN TODD BOARD MEMBER 941 LEGAL SERVICES 0 KENTUCKY STATE FAIR BOARD BOARD MEMBER 12867 EVENTS HOSTING 0 LEADERSHIP LOUISVILLE CENTER BOARD MEMBER 185 EMPLOYEE MANAGEMENT TRAINING 0 LOUISVILLE URBAN LEAGE BOARD MEMBER 200 SPONSORSHIP 0 MOUNTJOY CHILTON MEDLEY BOARD MEMBER AND TREASURER 5200 TAX REPORTING FORM 5500 0 MIGHTILY LLC BOARD MEMBER 17891 WEBSITE WORK 0 UNIVERSITY OF LOUISVILLE BOARD MEMBER 6723 EVENTS HOSTING 0 WYATT TARRANT AND COMBS LLC BOARD MEMBER 3750 LEGAL SERVICES 0 X MISCELLANEOUS 12 171082 INCOME/TRADE 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 INSURANCE 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 2023. 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 XI, LINE 9: ROUNDING -6. 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 195100 FMV GREATER LOUISVILLE FOUNDATION INC L 24000 FMV GREATER LOUISVILLE FOUNDATION INC D 9620 FMV