2025-11-07T09:28:52-06:00 2024-12-31 580692043 MAULDIN & JENKINS LLC 307 CLINTON AVE WEST SUITE 500 HUNTSVILLE AL 35801 990 2024-01-01 630039395 CHAMBER OF COMMERCE OF HUNTSVILLE MADISON COUNTY INC CHAM 2565352014 225 CHURCH STREET HUNTSVILLE AL 35801 DONALD C CHERRY JR PRESIDENT 2565352014 2025-11-07 1 0 JEREMY T BLACKBURN P01293894 2565339105 2025-11-07 2024 2025-03-06 01:10:19Z DONALD C CHERRY JR 225 CHURCH STREET HUNTSVILLE AL 35801 5980799 0 X WWW.HUNTSVILLEALABAMAUSA.COM X 1894 AL PROMOTION AND DEVELOPMENT OF CIVIC AND ECONOMIC INTERESTS 61 57 30 0 0 0 2741272 2784149 3137818 3084449 24632 81401 347310 28800 6251032 5978799 0 0 0 0 2825265 3026360 0 0 104909 3135685 2841748 5960950 5868108 290082 110691 6343164 6572882 1670872 1697015 4672292 4875867 PROMOTION AND DEVELOPMENT OF CIVIC AND ECONOMIC INTERESTS 0 0 4651621 THE CHAMBER PROVIDED TRAINING, NETWORKING, COMMUNITY AWARENESS, AND PROMOTION TO ITS 2,062 MEMBERS AND THE COMMUNITY AT LARGE. NEW AND EXPANDED COMPANIES RESULTED IN 1,192 NEW JOBS. THE ANNOUNCED CAPITAL INVESTMENT WAS $599 MILLION. THE CHAMBER PROVIDED MORE THAN 25 PROFESSIONAL DEVELOPMENT WORKSHOPS AND HAD MORE THAN 84 RIBBON CUTTINGS AND 3 GROUNDBREAKINGS. 4651621 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 47 0 1 30 1 1 1 0 0 0 0 0 0 0 X 61 57 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MARY MCNAIRY 2565352014 225 CHURCH STREET HUNTSVILLE AL 35801 X JULIE SCHUMACHER DIRECTOR 1.00 X 0 0 0 MICHAEL COX DIRECTOR 1.00 X 0 0 0 CHRYSTAL MORGAN VICE CHAIR 1.00 X X 0 0 0 SRINATH YEDLA CHAIR APPOINTED 1.00 X X 0 0 0 MAC MCCUTCHEN EX-OFFICIO MEMBER 1.00 X X 0 0 0 ALKA BHARGAV DIRECTOR 1.00 X 0 0 0 JASON BLOUNT DIRECTOR 1.00 X 0 0 0 MARK BRAZEAL DIRECTOR 1.00 X 0 0 0 TYLER EVANS DIRECTOR 1.00 X 0 0 0 DAVE COOK VICE CHAIR 1.00 X X 0 0 0 GREGORY FORTIER DIRECTOR 1.00 X 0 0 0 SCOTT HALL DIRECTOR 1.00 X 0 0 0 JIM HOLTKAMP DIRECTOR 1.00 X 0 0 0 TIM KING DIRECTOR 1.00 X 0 0 0 JAMES LACKEY DIRECTOR 1.00 X 0 0 0 MATT MEKO DIRECTOR 1.00 X 0 0 0 STEPHANIE MELL DIRECTOR 1.00 X 0 0 0 CAREY MILLER DIRECTOR 1.00 X 0 0 0 ANNIE SAYLOR DIRECTOR 1.00 X 0 0 0 GREG GADDY DIRECTOR 1.00 X 0 0 0 VERGENIA SHELTON DIRECTOR 1.00 X 0 0 0 TED BAUDENDISTEL DIRECTOR 1.00 X 0 0 0 DAVID BIER DIRECTOR 1.00 X 0 0 0 PENNY BILLINGS DIRECTOR 1.00 X 0 0 0 KATIE COMER DIRECTOR 1.00 X 0 0 0 BRETT CRAIN VICE CHAIR 1.00 X X 0 0 0 DR PATTI DARE DIRECTOR 1.00 X 0 0 0 MELISSA DAVIS DIRECTOR 1.00 X 0 0 0 KEVIN FERNANDEZ CHAIR APPOINTED 1.00 X X 0 0 0 OWEN FRANKLIN DIRECTOR 1.00 X 0 0 0 GINGER HARPER VICE CHAIR 1.00 X X 0 0 0 JOSH HERREN DIRECTOR 1.00 X 0 0 0 LAURA HUCKABEE-JENNINGS DIRECTOR 1.00 X 0 0 0 TYCE HUDSON CHAIR APPOINTED 1.00 X X 0 0 0 HANK ISENBERG DIRECTOR 1.00 X 0 0 0 CLINT KIRKLAND DIRECTOR 1.00 X 0 0 0 RICH KRETZSCHMAR DIRECTOR 1.00 X 0 0 0 TODD MAY DIRECTOR 1.00 X 0 0 0 ZACK PENNEY DIRECTOR 1.00 X 0 0 0 ALICIA RYAN DIRECTOR 1.00 X 0 0 0 BETH SIPPEL VICE CHAIR 1.00 X X 0 0 0 WAYNE SISCO DIRECTOR 1.00 X 0 0 0 NILMINI THOMPSON DIRECTOR 1.00 X 0 0 0 MIKE WATKINS DIRECTOR 1.00 X 0 0 0 LYNN TROY IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 JEFF GRONBERG LIASON 1.00 X X 0 0 0 RON POTEAT FOUNDATION CHAIR 1.00 X X 0 0 0 JEFF SAMZ VICE CHAIRMAN 1.00 X X 0 0 0 SAMEER SINGHAL CHAIRMAN 1.00 X X 0 0 0 RONNIE CHRONISTER VICE CHAIR 1.00 X X 0 0 0 DR KAROCKAS WATKINS SEC/TREASURER 1.00 X X 0 0 0 BLAKE BENTLEY DIRECTOR 1.00 X 0 0 0 JAMIE PEYTON VICE CHAIR 1.00 X X 0 0 0 SEAN KELLY DIRECTOR 1.00 X 0 0 0 JASON PUCKET VICE CHAIR 1.00 X X 0 0 0 FRANK WILLIAMS DIRECTOR 1.00 X 0 0 0 TOMMY BATTLE EX-OFFICIO MEMBER 1.00 X X 0 0 0 PAUL FINLEY EX-OFFICIO MEMBER 1.00 X X 0 0 0 DONALD C CHERRY JR PRESIDENT & CEO 40.00 X 313184 0 32204 ERIN KOSHUT EMPLOYEE 40.00 X 121444 0 12123 LUCIA CAPE EMPLOYEE 40.00 X 157581 0 16623 MICHAEL WARD EMPLOYEE 40.00 X 128905 0 13623 MARY MCNAIRY EMPLOYEE 40.00 X 111264 0 12277 832378 0 86850 5 0 1 0 0 1708973 1075176 2784149 PROGRAM REVENUE 541900 3084449 3084449 3084449 80530 80530 2871 2000 871 871 871 OTHER INCOME 541900 28800 28800 28800 5978799 3113249 0 81401 2338691 1789250 549441 687669 513265 173786 618 46000 46000 45491 45491 42984 14181 28428 375 156390 106792 46679 2919 206342 206342 24210 16517 7240 453 306287 208962 91600 5725 EVENT EXPENSES 951801 841533 18943 91325 OTHER PROMOTIONAL EXPEN 523894 498530 25144 220 BAD DEBT EXPENSE 208105 208105 TRAINING EXPENSES 112269 70272 41997 217975 131872 82829 3274 5868108 4651621 1111578 104909 762712 858221 325788 317630 293369 213675 123775 139164 6246459 3427844 2937497 2818615 1324467 1525802 10384 7987 565172 691788 6343164 6572882 412330 445084 835680 961926 422862 290005 1670872 1697015 X 4356796 4290040 315496 585827 4672292 4875867 6343164 6572882 110691 92884 0 X X 0 1 X 1 0 0 1 0 178644 178644 5330628 2966093 2364535 450171 276050 174121 287016 185701 101315 2818615 CERTIFICATES OF DEPOSIT 691292 DEPOSITS 496 691788 5897398 0 5897398 81401 81401 5978799 5868108 0 5868108 0 5868108 PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME 80,530. LOSS ON ASSET DISPOSITION -2,000. GAIN ON DERIVATIVE FINANCIAL INSTRUMENT 2,871. PART X, LINE 2: THE CHAMBER QUALIFIED AS A NOT-FOR-PROFIT ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE CHAMBER IS REQUIRED TO PAY TAXES RELATED TO CERTAIN REVENUES GENERATED FROM NON-EXEMPT ACTIVITIES. THE CHAMBER HAS FILED ITS NOT-FOR-PROFIT TAX RETURNS FOR ALL YEARS THROUGH DECEMBER 31, 2023. YEARS ENDED DECEMBER 31, 2021 AND SUBSEQUENT REMAIN SUBJECT TO AUDIT BY TAXING AUTHORITIES. THE CHAMBER FOLLOWS THE PROVISION OF THE ASC RELATING TO UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE REQUIRES ENTITIES TO ASSESS THEIR UNCERTAIN INCOME TAX POSITIONS FOR THE LIKELIHOOD THAT THEY WOULD BE OVERTURNED UPON INTERNAL REVENUE SERVICE EXAMINATION OR UPON EXAMINATION BY STATE TAXING AUTHORITIES. THE CHAMBER HAS DETERMINED THAT IT DOES NOT HAVE ANY POSITIONS AT DECEMBER 31, 2023 AND 2022, THAT IT WOULD BE UNABLE TO SUBSTANTIATE. X 0 0 0 DONALD C CHERRY JR PRESIDENT & CEO 313184 0 0 0 0 0 32204 0 0 0 345388 0 0 0 LUCIA CAPE EMPLOYEE 157581 0 0 0 0 0 16623 0 0 0 174204 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP BASE IS MADE UP OF MADISON COUNTY CSMA (COMBINED STATISTICAL METROPOLITAN AREA)GOVERNMENTS, BUSINESSES, AND NOT-FOR-PROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD IS ELECTED BY THE MEMBERSHIP BASED ON METHODOLOGY SET FORTH IN THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER RECEIVES A COPY OF THE 990 TO REVIEW AND APPROVE BEFORE THE FINAL FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 THE REVIEW COMMITTEE DOES AN ANALYSIS OF AREA COMPENSATION TRENDS AND SALARY RATES FOR INDIVIDUALS WITH SIMILAR RESPONSIBILITY AND EXPERIENCE. THE REVIEW COMMITTEE INCLUDES THE INCREASE IN THE BUDGET WHICH IS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL IN THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION AVAILABLE UPON REQUEST. LINE 2C NO CHANGE FROM THE PRIOR YEAR WAS MADE IN THE PROCESS OF SELECTING AN INDEPENDENT ACCOUNTANT. HUNTSVILLE MADISON COUNTY CHAMBER OF COMMERCE FOUNDATION INC 225 CHURCH STREET HUNTSVILLE AL 35801 630938561 SUPPORT OF LOCAL EDUCATION PROGRAMS AL 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0