2024-04-03T09:49:10-05:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 561762978 ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION ASHE 8282586119 PO BOX 1010 ASHEVILLE NC 28802 KATHRYN CRAMER SECRETARY 8282586119 2024-04-03 1 KATHRYN CRAMER 999009999 1 AMY BIBBY P00445891 8282542254 2024-04-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATHRYN CRAMER PO BOX 1010 ASHEVILLE NC 28802 3782364 0 X N/A X 1991 NC DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY. 16 16 0 0 0 0 4862405 3154301 1743127 573857 1942 21707 0 32499 6607474 3782364 528673 491147 0 0 0 0 0 0 32248 6060617 3522576 6589290 4013723 18184 -231359 2704997 2151279 1350639 1027221 1354358 1124058 X DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY. 0 0 3981475 491147 573857 1 FUNDED THE FOLLOWING ACTIVITY THROUGH THE ASHEVILLE AREA CHAMBER OF COMMERCE: 1) WORKFORCE PREPAREDNESS AND DEVELOPMENT, 2) ENTREPRENEUR AND STARTUP DEVELOPMENT, 3) RECRUITMENT OF NEW INDUSTRY, 4) EXPANSION OF EXISTING INDUSTRY, AND 5) SITE DEVELOPMENT.2 RECEIVED FUNDS FROM THE GOLDEN LEAF FOUNDATION AND DISBURSED SAID FUNDS TO THE ASHEVILLE CHAMBER TO OPERATE INCLUSIVE HIRING PARTNERS, A RESOURCE TO CLOSE THE OPPORTUNITY GAP THAT CONNECTS BUNCOMBE COUNTY RESIDENTS EXPERIENCING EMPLOYMENT BARRIERS LIKE FORMER JUSTICE INVOLVEMENT, PREVIOUS INCARCERATION, SUBSTANCE USE DISORDER RECOVERY, INTERGENERATIONAL POVERTY, LONG-TERM UNEMPLOYMENT, OR LONG-TERM UNDEREMPLOYMENT WITH WELL-PAYING CAREERS IN HIGH-DEMAND INDUSTRIES.3 RECEIVED FUNDS FROM THE GOLDEN LEAF FOUNDATION AND BILTMORE FARMS LLC AND PAID SAID FUNDS TO CONSTRUCTION VENDORS BUILDING A BRIDGE SPANNING THE FRENCH BROAD RIVER THAT WILL PROVIDE ACCESS TO A PRATT & WHITNEY MANUFACTURING FACILITY. 4 PROVIDED BUSINESSES OWNED BY PEOPLE OF COLOR ADVERTISING BENEFITS AND MEMBERSHIPS IN THE ASHEVILLE CHAMBER THROUGH THE PEOPLE'S COMMUNITY AND INCLUSION INITIATIVE. 5 IN COOPERATION WITH THE FOLK HERITAGE COMMITTEE, PROMOTED TRADITIONAL MOUNTAIN MUSIC AND DANCE THROUGH THE SHINDIG ON THE GREEN PERFORMANCES AND THE MOUNTAIN DANCE AND FOLK FESTIVAL. 3981475 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X LAYTON HOWER 8282586119 36 MONTFORD AVENUE ASHEVILLE NC 28801 JANICE BRUMIT CHAIR 1.00 X X 0 0 0 JOHN F A V CECIL VICE CHAIR 1.00 X X 0 0 0 SUZANNE DEFERIE TREASURER 1.00 X X 0 0 0 BEN HAMRICK BOARD MEMBER 1.00 X 0 0 0 W LOUIS BISSETTE BOARD MEMBER 1.00 X 0 0 0 TRACY BUCHANAN BOARD MEMBER 1.00 X 0 0 0 WILLIAM A V CECIL BOARD MEMBER 1.00 X 0 0 0 CAROLYN COWARD BOARD MEMBER 1.00 2.00 X 0 0 0 HIMANSHU KARVIR BOARD MEMBER 1.00 X 0 0 0 MICHAEL MEGUIAR BOARD MEMBER 1.00 X 0 0 0 ROBERT ROBERTS BOARD MEMBER 1.00 X 0 0 0 DANA STONESTREET BOARD MEMBER 1.00 X 0 0 0 JOHN WINKENWERDER BOARD MEMBER 1.00 X 0 0 0 LAURA WEBB BOARD MEMBER 1.00 2.00 X 0 0 0 AUSTIN WALKER BOARD MEMBER 1.00 X 0 0 0 TERRI KING BOARD MEMBER 1.00 X 0 0 0 KATHRYN CRAMER SECRETARY 1.00 40.00 X 0 288212 25338 0 288212 25338 0 0 1 0 0 375000 2779301 3154301 FRENCH BROAD RIVER BRI 900099 489434 489434 FOLK HERITAGE COMMITTE 900099 45114 45114 INCLUSIVE HIRING PARTN 900099 39309 39309 573857 21707 21707 MISCELLANEOUS REV. 900099 32499 32499 32499 3782364 573857 0 54206 491147 491147 FRENCH BROAD RIVER BRID 3268272 3268272 ACCELERATE BUNCOMBE COU 181089 181089 FOLK HERITAGE COMMITTEE 40967 40967 MISC. EXPENSES 32248 32248 4013723 3981475 0 32248 727849 108338 713223 1036230 1257141 971477 3100 165 3430 3430 5327 254 26312 2704997 2151279 105 2461 1262140 971476 88394 53284 1350639 1027221 X 1354358 1124058 1354358 1124058 2704997 2151279 -231359 1059 0 X X 0 1 X 1 0 X 455851 460136 5835855 4862405 3154301 14768548 455851 460136 5835855 4862405 3154301 14768548 360398 14408150 4715 4270 1380 1942 21707 34014 14802562 3046678 0.97340 0.97150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO CHAMBER 53284 53284 X 3783423 1059 1059 3782364 0 3782364 4013723 0 4013723 0 4013723 PART X, LINE 2: INCOME TAXES- THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE CHAMBER AND THE FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS UNDER CODE SECTION(C)(6) AND 501(C)(3), RESPECTIVELY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE COMBINED FINANCIAL STATEMENTS. THE CHAMBER AND FOUNDATION HAVE DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023. 1 ASHEVILLE AREA CHAMBER OF COMMERCE 36 MONTFORD AVE ASHEVILLE NC 28802 560125440 501(C)(6) 403774 0 PROMOTE ECONOMIC DEVELOPMENT 1 0 PART I, LINE 2: THE FOUNDATION WORKS ALONGSIDE THE ASHEVILLE AREA CHAMBER OF COMMERCE, INC TO ASSIST WITH THE PROMOTION AND ECONOMIC DEVELOPMENT OF THE ASHEVILLE COMMUNITY. THE FOUNDATION DISPERSES FUNDS TO THE CHAMBER TO ACCOMPLISH THESE PURPOSES THROUGH PROGRAMS THAT THE CHAMBER IS OPERATING. 0 0 0 0 0 0 0 0 0 KATHRYN CRAMER SECRETARY 0 282212 0 0 0 6000 0 18114 0 7224 0 313550 0 0 BILTMORE FARMS LLC OWNED BY BOARD MEMBER WITH FAMILY 489434 FEES PAID TO ORGANIZATION 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS THEN PROVIDED TO THE VOTING BOARD MEMBERS VIA EMAIL PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN A CONFLICT OF INTEREST POLICY AT THE START OF THEIR TERM. BOARD MEMBERS ARE RESPONSIBLE FOR MAKING CONFLICT OF INTERESTS KNOWN AND RECUSING THEMSELVES FROM ANY DISCUSSION AND/OR VOTE WHEN A POTENTIAL CONFLICT EXISTS. FORM 990, PART VI, SECTION C, LINE 18 RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANICAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1: THE CHAMBER UTILIZES A MODIFIED CASH BASIS OF ACCOUNTING. UNDER THIS METHOD, PLEDGED CONTRIBUTION REVENUE AND RELATED ASSETS ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED. CERTAIN COMPENSATED ABSENCES ARE RECOGNIZED WHEN THE OBLIGATION IS EXPECTED TO BE LIQUIDATED WITH AVAILABLE FINANCIAL RESOURCES. ALL OTHER REVENUES AND EXPENSES ARE RECOGNIZED ON THE ACCRUAL BASIS OF ACCOUNTING. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ASHEVILLE CHAMBER OF COMMERCE INC PO BOX 1010 ASHEVILLE NC 28802 560125440 CHAMBER OF COMMERCE NC 501(C)(6) N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 ASHEVILLE CHAMBER OF COMMERCE INC B 407374 FMV