2024-08-15T09:29:27+00:00 2023-09-30 440160260 Forvis Mazars LLP 312 Walnut Street Suite 3000 Cincinnati OH 45202 990 2022-10-01 610405718 Kentucky Chamber of Commerce Inc KENT 5026954700 464 Chenault Road Frankfort KY 40601 ASHLI WATTS PRESIDENT/CEO 5026954700 2024-08-15 true true Aaron Hershberger P00961884 5136218300 2022 2024-08-08 14:25:15Z ASHLI WATTS 464 Chenault Road Frankfort KY 40601 11900673 false X www.kychamber.com X 1942 KY CREATE AND SUPPORT A COMPETITVE BUSINESS CLIMATE IN KENTUCKY THROUGH ADVOCACY, EDUCATION, INFORMATION, AND SERVICES IN ORDER TO PROMOTE BUSINESS RETENTION AND RECRUITMENT. 59 58 58 61 30948 0 1790594 1542437 7652585 8717443 3536 3275 1375096 1637518 10821811 11900673 32597 273129 0 0 5334382 5944925 0 0 0 3393862 4702455 8760841 10920509 2060970 980164 10894851 11772305 4265173 4303853 6629678 7468452 TO SUPPORT A PROSPEROUS BUSINESS CLIMATE IN THE COMMONWEALTH OF KENTUCKY THROUGH ADVOCACY, EDUCATION, INFORMATION AND SERVICES IN ORDER TO PROMOTE BUSINESS RETENTION AND RECRUITMENT. false false SEMINARS & MEETINGS - TOPICS INCLUDE OSHA COMPLIANCE, REDUCING WORKERS' COMP COSTS, TAX LAW COMPLIANCE, ENVIRONMENTAL LAW, HUMAN RESOURCE LAW, ETC. PUBLICATIONS - PUBLICATIONS FOR SALE INCLUDING STATE AND FEDERAL LABOR LAWS AND REGULATIONS, BUSINESS PLANNING AND MARKETING, ENVIRONMENTAL ISSUES, AND HUMAN RESOURCES. MEMBERSHIP - SOLICITS NEW MEMBERS AND OFFERS CUSTOMER SERVICE TO EXISTING MEMBERS. 0 false true false true false false false false false true false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 27 0 true 58 true true true false false false true true false false false X 59 58 true false false false true false false true true false false true true true true true true true true false KY X Joseph Hsu 5026954700 464 Chenault Road Frankfort KY 40601 ASHLI WATTS PRESIDENT/CEO 38.0 1.0 X X 398712 0 30198 CANDACE MCGRAW CHAIR-ELECT 1.0 0.0 X X 0 0 0 DIANE MEDLEY IMMEDIATE PAST CHAIR 1.0 1.0 X X 0 0 0 JOHN CROCKETT III VICE CHAIR, MEMBERSHIP & BUSINESS SERVICES 1.0 0.0 X X 0 0 0 KELLEY WORKMAN VICE CHAIR, ADMINISTRATION 1.0 0.0 X X 0 0 0 KEVIN SMITH CHAIR 1.0 1.0 X X 0 0 0 LAJUANA WILCHER VICE CHAIR, PUBLIC AFFAIRS 1.0 0.0 X X 0 0 0 MARK GOOCH TREASURER 1.0 1.0 X X 0 0 0 STEPHEN BRANSCUM VICE CHAIR, COMMUNICATIONS & MARKETING 1.0 0.0 X X 0 0 0 ADAM HANCOCK DIRECTOR 1.0 0.0 X 0 0 0 ALLEN CARTER DIRECTOR 1.0 0.0 X 0 0 0 AMY LUTTRELL DIRECTOR 1.0 0.0 X 0 0 0 AMY SPILLER DIRECTOR 1.0 0.0 X 0 0 0 ANTHONY HOUSTON DIRECTOR 1.0 0.0 X 0 0 0 ARTHUR WALKER III DIRECTOR 1.0 0.0 X 0 0 0 BILL MUDD DIRECTOR 1.0 0.0 X 0 0 0 BILLY SPEARS DIRECTOR 1.0 0.0 X 0 0 0 BRETT MATTISON DIRECTOR - TERM ENDED 1.0 0.0 X 0 0 0 BRIAN CROMER DIRECTOR 1.0 0.0 X 0 0 0 CALVIN BARKER DIRECTOR 1.0 0.0 X 0 0 0 CARLOS SANCHEZ DIRECTOR 1.0 0.0 X 0 0 0 CATHY WADDELL DIRECTOR 1.0 0.0 X 0 0 0 CHAD HARPOLE DIRECTOR 1.0 0.0 X 0 0 0 CHRIS PERRY DIRECTOR 1.0 0.0 X 0 0 0 CINDY MAY JOHNSON DIRECTOR 1.0 0.0 X 0 0 0 CONDRAD DANIELS DIRECTOR 1.0 0.0 X 0 0 0 DONOVAN BLACKBURN DIRECTOR 1.0 0.0 X 0 0 0 DOUG BARR DIRECTOR 1.0 0.0 X 0 0 0 ED QUINN DIRECTOR 1.0 0.0 X 0 0 0 ELLEN CALL DIRECTOR 1.0 0.0 X 0 0 0 ELMER WHITAKER DIRECTOR 1.0 0.0 X 0 0 0 GABBY BRUNO DIRECTOR 1.0 0.0 X 0 0 0 GERARD COLMAN DIRECTOR 1.0 0.0 X 0 0 0 HOLLIE HARRIS DIRECTOR 1.0 0.0 X 0 0 0 JAMES RICKARD DIRECTOR 1.0 0.0 X 0 0 0 JAY RICHERT DIRECTOR 1.0 0.0 X 0 0 0 JEB DUKE DIRECTOR 1.0 0.0 X 0 0 0 JEFF BORKOWSKI DIRECTOR 1.0 0.0 X 0 0 0 JOHN PHILLIPS DIRECTOR 1.0 0.0 X 0 0 0 KENNAN WETHINGTON DIRECTOR 1.0 0.0 X 0 0 0 KIMBERLY HALBAUER DIRECTOR 1.0 0.0 X 0 0 0 KIMRA COLE DIRECTOR 1.0 0.0 X 0 0 0 KRISTEN BYRD DIRECTOR 1.0 0.0 X 0 0 0 LES FUGATE DIRECTOR 1.0 0.0 X 0 0 0 MARK GUILFOYLE DIRECTOR 1.0 0.0 X 0 0 0 MARK MARTIN DIRECTOR 1.0 0.0 X 0 0 0 MARK NEWMAN DIRECTOR 1.0 0.0 X 0 0 0 MARK SOMMER DIRECTOR 1.0 0.0 X 0 0 0 MATT ADAMS DIRECTOR 1.0 0.0 X 0 0 0 MELISSA NORMAN-BORK DIRECTOR 1.0 0.0 X 0 0 0 NANCY CHAMBLEE DIRECTOR - TERM ENDED 1.0 0.0 X 0 0 0 NATE MORRIS DIRECTOR 1.0 0.0 X 0 0 0 NICK DREA DIRECTOR 1.0 0.0 X 0 0 0 PATRICK COLEMAN DIRECTOR 1.0 0.0 X 0 0 0 PAUL COSTEL DIRECTOR 1.0 0.0 X 0 0 0 RAY DANIELS DIRECTOR 1.0 0.0 X 0 0 0 RUSSEL COX DIRECTOR 1.0 0.0 X 0 0 0 SHANNON ARVIN DIRECTOR 1.0 0.0 X 0 0 0 SHARON VOTAW DIRECTOR - TERM ENDED 1.0 0.0 X 0 0 0 STEVE MERRICK DIRECTOR 1.0 0.0 X 0 0 0 SUSAN ELKINGTON DIRECTOR 1.0 0.0 X 0 0 0 TIM ROBINSON DIRECTOR 1.0 0.0 X 0 0 0 PATRICK MERCHAK CHIEF FINANCIAL OFFICER 38.0 0.0 X 188304 0 14174 JIM FORD CHIEF RESOURCE OFFICER 38.0 0.0 X 241287 0 25451 KATHERINE SHANKS SR VICE PRESIDENT, PUBLIC AFFAIRS 38.0 0.0 X 254212 0 22011 EIZABETH DAVISSON SR VICE PRESIDENT, FOUNDATION 38.0 0.0 X 173286 0 21127 JACQUELINE PITTS SR VICE PRESIDENT, COMMUNICATIONS AND MARKETING 38.0 0.0 X 142216 0 16076 JESSICA MOORE SENIOR MANAGER, MEMBERSHIP AND DEVELOPMENT 38.0 0.0 X 147762 0 6973 SARAH CATHEY SR DIRECTOR, OPERATIONS 38.0 0.0 X 119374 0 938 SHAWNA BURTON DIRECTOR OF MEMBER BENEFITS AND PARTNERSHIPS 38.0 0.0 X 129367 0 8539 1794520 0 145487 9 false true false 0 80000 65000 1397437 1542437 MEMBERSHIP DUES 900099 3745793 3745793 SEMINARS & MEETINGS 541611 2300367 2300367 SUPPORT SERVICES - RELATED PARTIES 531120 1904450 1904450 ADMINISTRATIVE INCOME 541611 38912 38912 PUBLICATIONS 511120 364051 364051 363870 363870 0 0 8717443 3275 3275 1576070 1576070 30500 30500 0 30500 30500 0 0 ADVERTISING INCOME 541800 30948 0 30948 0 0 0 0 30948 11900673 8717443 30948 1609845 273129 1174349 4025741 209167 197821 337847 430016 183284 528065 260094 132786 2215737 41085 272673 49369 Repairs & Maintenance 185231 Cost of Sales - Publications 217611 Dues & Subscriptions 35253 BAD DEBT EXPENSE 102748 48503 10920509 283 320 4258209 1854265 570250 306199 498597 696398 0 0 0 0 0 21109 21903 514825 726538 8087347 2965335 5013273 5122012 18305 3044670 0 0 0 0 0 10894851 11772305 918751 852638 0 2384981 2573874 0 0 0 0 961441 877341 0 0 0 4265173 4303853 X 6014447 6920481 615231 547971 6629678 7468452 10894851 11772305 980164 22676 -164066 0 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 3745793 447575 0 447575 749158 0 -301583 126439 57420 183859 6377001 2039675 4337326 866201 621321 244880 660286 304339 355947 5122012 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Chamber, KCF, KCWC, LISP and Advocacy have been recognized as exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of the state law. However, these entities are subject to federal income tax on any unrelated business taxable income. CBSI is a for-profit entity subject to income taxes under the provisions of the Internal Revenue Code and applicable state laws. Income tax expense includes federal and state income taxes currently payable and those deferred or prepaid because of temporary differences between financial statement and tax bases of assets and liabilities. CBSI records income taxes under the liability method. Under this method, deferred income taxes are recognized for the estimated future tax effects of differences between the tax bases of assets and liabilities and their financial reporting amounts based on enacted tax laws. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense was $25,833 at September 30, 2023. Deferred income taxes were $0 at 2023. The Chamber would recognize a tax position as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Chamber and its controlled subsidiaries file tax returns in the U.S. federal jurisdiction. true KENTUCKY CHAMBER ADVOCACY COMMITTEE INC 464 CHENAULT ROAD FRANKFORT KY 40601 825223980 501(C)(4) 273129 GENERAL SUPPORT 0 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. COMMUNITY DONATIONS AND CONTRIBUTIONS ARE REVIEWED AND APPROVED BY THE CHAMBER BOARD OF DIRECTORS. X X X X X false false false ASHLI WATTS PRESIDENT/CEO 343635 0 51585 0 3492 0 19652 0 10546 0 428910 0 0 0 PATRICK MERCHAK CHIEF FINANCIAL OFFICER 149645 0 18510 0 20149 0 11349 0 2825 0 202478 0 0 0 KATHERINE SHANKS SR VICE PRESIDENT, PUBLIC AFFAIRS 233315 0 20719 0 178 0 13236 0 8775 0 276223 0 0 0 JIM FORD CHIEF RESOURCE OFFICER 134035 0 106576 0 676 0 14644 0 10807 0 266738 0 0 0 EIZABETH DAVISSON SR VICE PRESIDENT, FOUNDATION 155670 0 17460 0 156 0 10595 0 10532 0 194413 0 0 0 JACQUELINE PITTS SR VICE PRESIDENT, COMMUNICATIONS AND MARKETING 128151 0 13975 0 90 0 8564 0 7512 0 158292 0 0 0 JESSICA MOORE SENIOR MANAGER, MEMBERSHIP AND DEVELOPMENT 62711 0 85034 0 17 0 0 0 6973 0 154735 0 0 0 Form 990, Part VI, Line 1a Delegate broad authority to a committee POWERS OF THE EXECUTIVE COMMITTEE - A MAJORITY OF THE EXECUTIVE COMMITTEE SHALL, BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, HAVE POWER TO EXERCISE ALL OF THE AUTHORITY POSSESSED BY THE BOARD OF DIRECTORS. IT SHALL BE THE DUTY OF THE CHAIR AT EACH MEETING OF THE BOARD OF DIRECTORS TO REPORT ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SUBSEQUENT TO THE NEXT MEETING OF THE DIRECTORS. ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE MAY BE RESCINDED OR SET ASIDE BY THE BOARD OF DIRECTORS, SUBJECT, HOWEVER, TO ANY RIGHTS THAT MAY HAVE BEEN ACQUIRED BY OTHERS PURSUANT TO, OR IN RELIANCE UPON THE ACTION OF THE EXECUTIVE COMMITTEE. THE BOARD OF DIRECTORS MAY, AT ANY TIME, LIMIT OR RESTRICT THE POWERS OF THE EXECUTIVE COMMITTEE. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ARTHUR WALKER AND ED QUINN - Family relationship Form 990, Part VI, Line 6 Classes of members or stockholders THE CHAMBER IS ORGANIZED AS AN ASSOCIATION WITH MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE ORGANIZATIONS FINAL FORM 990 INCLUDING SUPPLEMENTAL SCHEDULES AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH VOTING MEMBER OF THE CHAMBER'S GOVERNING BODY ELECTRONICALLY PRIOR TO JULY 18, 2024. THE FORM 990 (INCLUDING SUPPLEMENTAL SCHEDULES) WAS THEN PRESENTED DURING THE FULL BOARD MEETING ON JULY 19, 2024, PRIOR TO ITS FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE KENTUCKY CHAMBER ANNUALLY SURVEYS ITS BOARD OF DIRECTORS AND OTHER KEY PERSONS TO DETERMINE POTENTIAL CONFLICTS OF INTEREST. A QUESTIONNAIRE IS DISTRIBUTED ANNUALLY THAT INCLUDES A LIST OF KEY PERSONS AND A DETAILED DESCRIPTION OF WHAT MIGHT CONSTITUTE A CONFLICT OF INTEREST WITH THE ORGANIZATION. THE RESPONSE TO THE QUESTIONNAIRES ARE REVIEWED BY THE BOARD OF DIRECTORS. ON MATTERS WHERE THE CONFLICT APPLIES, THE BOARD MEMBER HOLDING THE CONFLICT WILL BE PREVENTED FROM DELIBERATING AND VOTING ON DECISIONS OF THE TRANSACTION OR ARRANGEMENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE CEO'S PERFORMANCE AND COMPENSATION ARE REVIEWED AT LEAST ONCE EACH YEAR BY THE PERFORMANCE REVIEW AND COMPENSATION COMMITTEE (ESTABLISHED IN THE CHAMBER'S BYLAWS) USING COMPARABLE CHAMBER OF COMMERCE AND STATE CHAMBER ASSOCIATION EXECUTIVE COMPENSATION DATA. THE PERFORMANCE REVIEW AND COMPENSATION COMMITTEE REPORTS ITS REVIEW PROCESS TO THE EXECUTIVE COMMITTEE. THE REPORTS ARE INCLUDED IN THE EXECUTIVE COMMITTEE MINUTES WHICH ARE DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AT THE REGULAR MEETING. DURING THE REPORTING PERIOD, THE CEO'S SALARY WAS LAST REVIEWED IN SEPTEMBER 2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ORGANIZATION'S OTHER OFFICERS KEY EMPLOYEES' PERFORMANCE AND COMPENSATION ARE REVIEWED AT LEAST ONCE EACH YEAR BY THE CEO USING COMPARABLE CHAMBER OF COMMERCE AND STATE CHAMBER ASSOCIATION EXECUTIVE COMPENSATION DATA. THE CFO ANNUALLY REPORTS ALL SALARIES TO THE TREASURER. THE CEO REPORTS TO THE COMPENSATION COMMITTEE ON HIS/HER PROCESS FOR REVIEW OF OTHER EXECUTIVE SALARIES. THE COMMITTEE REPORTS ITS REVIEW PROCESS TO THE EXECUTIVE COMMITTEE. THE REPORTS ARE INCLUDED IN THE EXECUTIVE COMMITTEE MINUTES WHICH ARE DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AT THE REGULAR MEETING. DURING THE REPORTING PERIOD, EXECUTIVE SALARIES WERE LAST REVIEWED IN SEPTEMBER 2023. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO IRC SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990, Part VIII, Line 2f Other Program Service Revenue OTHER PROGRAM REVENUE - Total Revenue: 363870, Related or Exempt Function Revenue: 363870, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; KENTUCKY CHAMBER FOUNDATION INC 464 CHENAULT ROAD FRANKFORT KY 40601 611284992 EDUCATION DEVELOPMENT KY 501(c)(3) 7 KENTUCKY CHAMBER OF COMMERCE true KENTUCKY CHAMBER ADVOCACY COMMITTEE INC 464 CHENAULT ROAD FRANKFORT KY 40601 825223980 ECONOMIC WELFARE INITIATIVES KY 501(c)(4) KENTUCKY CHAMBER OF COMMERCE true CHAMBER BUSINESS SOLUTIONS 464 CHENAULT ROAD FRANKFORT KY 40601 832294974 BUSINESS SUPPORT SERVICES KY KENTUCKY CHAMBER OF COMMERCE C Corporation 1 true CHAMBER BUSINESS SOLUTIONS TRUST 464 CHENAULT ROAD FRANKFORT KY 40601 EMPLOYEE WELFARE BENEFIT PLAN KY KENTUCKY CHAMBER OF COMMERCE Trust false false true false false false false false false false true false true true true true false true false false KENTUCKY CHAMBER ADVOCACY COMMITTEE INC Q 299963 BOOK CHAMBER BUSINESS SOLUTIONS Q 181850 BOOK KENTUCKY CHAMBER FOUNDATION INC Q 1722600 BOOK