2024-06-04T09:25:33-05:00 2023-09-30 030327374 MCSOLEY MCCOY & CO 118 TILLEY DRIVE STE 202 SOUTH BURLINGTON VT 05403 990 2022-10-01 030108780 LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC LAKE 8028633489 60 MAIN STREET 100 BURLINGTON VT 05401 CATHERINE DAVIS PRESIDENT 8028633489 2024-05-29 1 CATHERINE DAVIS 999009999 0 CONNIE FELLION P01875413 8026581808 2024-05-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE DAVIS 60 MAIN STREET 100 BURLINGTON VT 05401 4045269 0 X WWW.LCCVERMONT.ORG X 1911 VT ADVOCATES FOR THE PRIVATE SECTOR ECONOMY FOR THE BENEFIT OF ITS MEMBERS AND COMMUNITY. 20 20 31 21 0 0 487084 7585 2002992 1978062 -31422 140010 134662 145832 2593316 2271489 33079 0 0 0 296232 307677 0 0 0 1881780 2071097 2211091 2378774 382225 -107285 3496080 4085756 545883 1246186 2950197 2839570 THE LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE ADVOCATES FOR THE THRIVING PRIVATE SECTOR ECONOMY FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY THROUGH EDUCATION, ADVOCACY, AND PROGRAMS. 0 0 TOURISM - THE CHAMBER OFFERS VARIOUS SUB-PROGRAMS TO DRIVE TOURISM IN THE AREA. THE OPERATING OF SEVERAL AREA WELCOME CENTERS IS A MAJOR PART OF THIS EFFORT. THE ORGANIZATION OPERATES FIVE REGIONAL WELCOME CENTERS ON INTERSTATE 89 AND US ROUTE 2. EACH LOCATION OFFERS A VARIETY OF TRAVELER INFORMATION FOR THE GREATER BURLINGTON AREA AND VERMONT. THE WILLISTON WELCOME CENTERS ARE STAFFED BY CHAMBER TOURISM PROFESSIONALS. IN ADDITION TO TRAVELER INFORMATION, THE FACILITIES HAVE RESTROOMS, VENDING MACHINES, FREE COFFEE, PAYPHONES AND WIRELESS INTERNET ACCESS. THE BURLINGTON REGIONAL MARKETING ORGANIZATION, DBA HELLO BURLINGTON, IS A DIVISION OF THE CHAMBER DEDICATED TO STIMULATING THE ECONOMIC VITALITY OF GREATER BURLINGTON BY GROWING THE CITY'S BRAND AND DEVELOPING A BALANCED YEAR ROUND TOURISM BUSINESS. TALENTBTV - THE CHAMBER'S TALENTBTV INITIATIVE FOCUSES ON STRENGTHENING THE BUSINESS COMMUNITY'S TALENT RECRUITMENT AND RETENTION THROUGH PROGRAMMING AND CONNECTIONS. LEADERSHIP CHAMPLAIN IS AN ANNUAL 10-MONTH PROFESSIONAL DEVELOPMENT AND COMMUNITY ENGAGEMENT PROGRAM OF THE CHAMBER WITH A MISSION TO FOSTER GROWTH AND LEADERSHIP IN PROFESSIONALS WHO WILL SERVE THE COMMUNITY NOW AND IN THE FUTURE. GOVERNMENT AFFAIRS - THE LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE ADVOCATES FOR A THRIVING PRIVATE SECTOR ECONOMY FOR THE BENEFIT OF OUR MEMBERS AND COMMUNITY THROUGH EDUCATION, ADVOCACY, AND PROGRAMS. THE GOVERNMENT AFFAIRS DIVISION ADVOCATES FOR THE ORGANIZATION, REPRESENTAING MEMBERS IN A NON-PARTISAN MANNER ON POLICY ISSUES AFFECTING BUSINESS AT THE LOCAL, REGIONAL, STATE AND FEDERAL LEVELS OF GOVERNMENT. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 19 0 1 31 1 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 0 1 1 0 X CATHY DAVIS 8028633489 60 MAIN STREET BURLINGTON VT 05401 DAVE LANE CHAIR (START 2022) 1.00 X X 0 0 0 HEATHER ROSS VICE CHAIR (START 2022) 1.00 X X 0 0 0 ASHLEY WAINER DIRECTOR 1.00 1.00 X X 0 0 0 GREGORY MAGUIRE DIRECTOR 1.00 X 0 0 0 CHRIS LEFF DIRECTOR 1.00 X 0 0 0 MICHELLE BUSWELL DIRECTOR 1.00 X 0 0 0 ALEX HALPERN DIRECTOR 1.00 X 0 0 0 JESSE BRIDGES DIRECTOR 1.00 X 0 0 0 RYAN CHAFFIN DIRECTOR 1.00 X 0 0 0 PATRICK GALLIVAN DIRECTOR 1.00 X 0 0 0 KURT GRUENDLING DIRECTOR 1.00 X 0 0 0 LIZ HUNT DIRECTOR 1.00 X 0 0 0 SUSAN LEONARD DIRECTOR 1.00 X 0 0 0 SARAH RICHARDS DIRECTOR 1.00 X 0 0 0 TINOTENDA TINO CHARLES RUTANHIRA DIRECTOR 1.00 X 0 0 0 PATRICIA SHIRK DIRECTOR 1.00 X 0 0 0 BEN TRAVERSE DIRECTOR 1.00 X 0 0 0 RICK VINCENT DIRECTOR 1.00 X 0 0 0 KAREN WISEHART DIRECTOR 1.00 X 0 0 0 BRAD WORTHEN DIRECTOR 1.00 X 0 0 0 CATHY DAVIS PRESIDENT 40.00 1.00 X 106063 0 19909 PATRICK O'NEIL VP OF FINANCE & OPS 40.00 1.00 X 104041 0 7294 210104 0 27203 2 0 0 0 0 7585 7585 HELLO BURLINGTON 900099 755245 755245 MEMBERSHIP DUES 900099 462064 462064 SOUTH REST AREA 900099 232789 232789 NORTH REST AREA 900099 232789 232789 295175 295175 1978062 61981 61981 127256 127256 18387 0 18387 18387 18387 1851809 1773780 78029 78029 78029 MISC. INCOME 189 189 189 2271489 1978251 0 285653 256951 18913 2163 7086 22564 7390 15300 10142 20581 1490 30332 16974 154385 5447 11718 10275 BRMO 861678 REST AREA EXPENSES 518650 GOVERNMENT AFFAIRS 108532 LEADERSHIP 94049 204154 2378774 1475056 1368437 107456 88037 39748 36699 162857 141410 30485 21447 1843335 1681053 0 890083 3496080 4085756 138733 85654 143360 270449 263790 890083 545883 1246186 X 2950197 2839570 2950197 2839570 3496080 4085756 -107285 -3342 0 X 0 1 X 1 0 0 0 0 462064 32376 32376 138619 -106243 30056 20920 9136 132801 120490 12311 21447 DEFERRED COMPENSATION PLAN INVESTMENTS 286724 ROU ASSET 603359 890083 DEFERRED COMPENSATION LIABILITY 286724 LEASE LIABILITY 603359 890083 X PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES, REQUIRES ENTITIES TO DISCLOSE IN THEIR CONSOLIDATED FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITIONS. FOR TAX-EXEMPT ENTITIES, TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION ANTICIPATES THAT IT WILL NOT HAVE A CHANGE IN UNCERTAIN TAX POSITIONS DURING THE NEXT TWELVE MONTHS THAT WOULD HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. IF NECESSARY, THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES ON UNCERTAIN TAX POSITIONS AS A COMPONENT OF THE PROVISION FOR INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED SEPTEMBER 30, 2020. ALTHOUGH THE OUTCOME OF TAX AUDITS IS ALWAYS UNCERTAIN, THE ORGANIZATION BELIEVES THAT THERE ARE NO SIGNIFICANT UNRECOGNIZED TAX LIABILITIES AT SEPTEMBER 30, 2023 AND 2022. FORM 990, PART VI, SECTION B, LINE 11B THE LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE MAKES THE 990 AVAILABLE FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING VIA THEIR SECURE PORTAL, VIA EMAIL OR IN HARDCOPY. FORM 990, PART VI, SECTION B, LINE 12C WE HAVE A CONFLICT OF INTEREST POLICY IN OUR EMPLOYEE MANUAL - THE ENTIRE MANUAL IS REVIEWED, ACKNOWLEDGED AND SIGNED OFF ON BY THE EMPLOYEE UPON HIRING. THE EMPLOYEE MANUAL IS UPDATED BY OUTSIDE COUNCIL AND REVIEWED BY STAFF - LAST TIME FORMALLY - 2022 AND IT IS AVAILABLE IN OUR DATABASE FOR EMPLOYEES TO REVIEW/PRINT/ETC., AT ANY TIME. WE ENCOURAGE AND FOSTER OPEN COMMUNICATIONS BETWEEN STAFF & MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD SOLICITS FEEDBACK ON THE PRESIDENT'S PERFORMANCE FROM BOARD MEMBERS AND OTHERS THAT ARE DEEMED APPROPRIATE, THE CHAIR ALSO CONFERS WITH MEMBERS OF THE EXECUTIVE COMMITTEE IN MAKING SALARY ADJUSTMENTS. THE CHAIR REVIEWS SALARY AND BENEFIT COMPARABLES FOR BOTH IN-STATE AND OUT OF STATE NON-PROFIT BUSINESSES. EACH YEAR EVERY EMPLOYEE COMPILES A LIST OF THEIR ACCOMPLISHMENTS COMPARED TO THE GOALS SET BY THEIR SUPERVISOR. THE SUPERVISOR THE REVIEWS THIS LIST WITH THE EMPLOYEE. COMPENSATION USUALLY INCREASES ACROSS THE BOARD ANYWHERE BETWEEN 3-5% PER YEAR. ON AN OCCASION, IF THE WAGES SEEM WAY OUT OF LINE, THEY WILL BE ADJUSTED TO MORE BE IN LINE WITH THAT POSITION, RESPONSIBILITES AND COMPARABLES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST. LAKE CHAMPLAIN OPPORTUNITY FUND 60 MAIN STREET BURLINGTON VT 05401 030366744 CONSULTING VT 501(C)(3) LINE 7 LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 LAKE CHAMPLAIN OPPORTUNITY FUND O 91798 PAYROLL, TAXES AND BENEFITS LAKE CHAMPLAIN OPPORTUNITY FUND Q 3834 AMOUNT PAID