2025-03-17T09:26:06-05:00 2023-12-31 630191630 SMITH DUKES & BUCKALEW LLP 3800 AIRPORT BLVD MOBILE AL 366081667 990 2023-01-01 630753361 MOBILE AREA CHAMBER OF COMMERCE FOUNDATION INC MOBI 2514318624 PO BOX 2187 MOBILE AL 36652 MICHI LUNCEFORD TREASURER 2514318624 2025-02-21 1 0 APRIL B BOUDREAUX P00288170 2513431200 2025-02-21 2023 2025-03-06 01:10:19Z MICHI LUNCEFORD 451 GOVERNMENT ST MOBILE AL 36602 2631774 0 X WWW.MOBILECHAMBER.COM X 1978 AL TO CARRY OUR CHARITABLE ACTIVITIES FOR THE BENEFIT OF THE COMMUNITY AND ITS CITIZENS, WORKING WITH THE MOBILE AREA CHAMBER OF COMMERCE. X 13 11 0 11 16180 3513 2244053 1552608 641504 269842 8 -25191 17353 13189 2902918 1810448 1152650 8172955 0 0 284776 94669 0 0 0 918171 761574 2355597 9029198 547321 -7218750 10999610 3110765 1185646 515551 9813964 2595214 TO CARRY OUT CHARITABLE ACTIVITIES FOR THE BENEFIT OF THE COMMUNITY AND ITS CITIZENS, WORKING WITH THE MOBILE AREA CHAMBER OF COMMERCE. 0 0 8270435 8172955 243800 CITY OF MOBILE AND MOBILE COUNTY ECONOMIC DEVELOPMENT PERFORMANCE CONTRACT - TO HELP COMPANIES AND CONSULTANTS EVALUATE THE MOBILE AREA FOR BUSINESS RELOCATION 667732 OTHER PROGRAM SCHOLARSHIPS 8938167 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL X MOBILE CHAMBER OF COMMERCE FOUNDATION 2514318624 451 GOVERNMENT ST MOBILE AL 36602 JAMES F WATKINS LEGAL COUNSEL 1.00 X 0 0 0 BRENT BARKIN DIRECTOR 1.00 X 0 0 0 CLIFTON INGE DIRECTOR 1.00 X 0 0 0 T BRAGG VAN ANTWERP JR DIRECTOR 1.00 X 0 0 0 MARK NIX DIRECTOR 1.00 X 0 0 0 LOWELL J FRIEDMAN DIRECTOR 1.00 X 0 0 0 CHRIS LEE DIRECTOR 1.00 X 0 0 0 LIZ FREEMAN DIRECTOR 1.00 X 0 0 0 SYDNEY RAINE DIRECTOR 1.00 X 0 0 0 FRANK J LOTT III CHAIRMAN 1.00 X 0 0 0 G ROBERT BAKER JR VICE PRESIDENT/SECRETARY 1.00 X 0 0 0 BRADLEY BYRNE PRESIDENT 40.00 X 0 374000 14991 MICHI LUNCEFORD TREASURER 40.00 X 0 65189 6961 NEIL CHRISTOPHER TREASURER 40.00 X 0 94064 12221 0 533253 34173 0 0 1 0 0 1209475 343133 1552608 RENTAL OF BUILDING 532000 269842 26042 243800 269842 21135 21135 4340 4340 775000 821326 -46326 -46326 -9862 -36464 MISCELLANEOUS 8849 8849 8849 1810448 8849 16180 232811 8172955 8172955 94669 89597 5072 24150 19250 4900 72216 72216 60606 48309 12297 19020 15161 3859 90602 72219 18383 66270 52824 13446 EVENTS 268171 268171 MAINTENANCE & REPAIRS 82857 61473 21384 PROPERTY TAXES 57615 45925 11690 SUPPLIES 10067 10067 10000 10000 9029198 8938167 91031 0 328730 1591986 789248 95415 300000 299475 56260 6963 4155229 2468880 8905949 1686349 50000 0 10999610 3110765 334554 515551 846509 0 4583 0 1185646 515551 X 9191674 2210881 622290 384333 9813964 2595214 10999610 3110765 -7218750 0 X X 0 1 X 1 0 X 3193041 2925008 2090310 2244053 1552608 12005020 3193041 2925008 2090310 2244053 1552608 12005020 1597429 10407591 311508 308028 453995 658865 304166 2036562 14041582 0.74120 0.73740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 576415 576415 1678501 1442982 235519 1530161 687991 842170 370152 337907 32245 1686349 X 1856774 0 1856774 -46326 -46326 1810448 1902569 46326 46326 1856243 7172955 7172955 9029198 PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE FOUNDATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM RENT. THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARD BOARD ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF BUILDING IN EXPENSES ON FINANCIAL STATEMENT PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF BUILDING IN EXPENSES ON FINANCIAL STATEMENT PART XII, LINE 4B - OTHER ADJUSTMENTS: INNOVATION PORTAL TRANSFER SHOWN AS GRANT ON 990, NET ASSET ADJUSTMENT ON FINANCIALS 1 MOBILE AREA CHAMBER OF COMMERCE PO BOX 2167 MOBILE AL 36652 630142765 501 (C) (6) 1000000 0 ECONOMIC DEVELOPMENT IN THE MOBILE AREA INNOVATION PORTAL INC 358 ST LOUIS ST MOBILE AL 36602 823400545 501 (C) (3) 484652 6688302 BOOK VALUE INNOVATION PORTAL BUILDING AND ISODATE SEED FUNDS INNOVATION PORTAL TO BE A SEPARATE ENTITY PART I, LINE 2: COMMON MANAGEMENT OF MOBILE AREA CHAMBER OF COMMERCE AND MOBILE AREA CHAMBER OF COMMERCE FOUNDATION ENSURES GRANTS ARE PROPERLY MONITORED. TRANSFER OF INNOVATION PORTAL BUILDING AND GRANTS COLLECTED FOR INNOVATION PORTAL WERE TRANSFERRED TO AN ENTITIY CREATED FOR THE PURPOSE OF OPERATING THE INNOVATION PORTAL. 0 1 0 0 0 0 0 0 0 BRADLEY BYRNE PRESIDENT 0 374000 0 0 0 0 0 14991 0 0 0 388991 0 0 PART I, LINE 4B NEIL CHRISTOPHER: NO 2023 CONTRIBUTION TO 457(F) PLAN HELD AND FUNDED BY THE MOBILE AREA CHAMBER OF COMMERCE, A RELATED ORGANIZATION. MR. CHRISTOPHER LEFT THE RELATED ORGANIZATION IN 2023. HIS 457(F) PLAN BALANCE OF $10,006 WAS DISTRIBUTED. 456 CIVIC CENTER DRIVE, MOBILE, AL 36602 2023-06-16 775000 APPRAISAL 844232191 DL VENTURES LLC 3262 OLD SHELL RD MOBILE AL 36607 LLC INNOVATION PORTAL - BUILDING 2023-01-01 6638302 BOOK VALUE 823400545 INNOVATION PORTAL INC 358 ST LOUIS ST MOBILE AL 36602 501(C)(3) ISODATE SEED FUNDS 2023-01-01 50000 BOOK VALUE 823400545 INNOVATION PORTAL INC 358 ST LOUIS ST MOBILE AL 36602 501(C)(3) INNOVATION PORTAL - CASH 2023-01-01 484652 CASH 823400545 INNOVATION PORTAL INC 358 ST LOUIS ST MOBILE AL 36602 501(C)(3) 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: FRANK LOTT, III, NEIL CHRISTOPHER, HAYLEY VAN ANTWERP PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: FRANK LOTT, III IS ON BOTH BOARDS.NEIL CHRISTOPHER WAS TREASURER OF BOTH BOARDS UNTIL JUNE 2023.HAYLEY VAN ANTWERP HAS A FAMILY RELATIONSHIP WITH A MEMBER OF THE MOBILE AREA CHAMBER OF COMMERCE FOUNDATION BOARD. FORM 990, PART VI, SECTION A, LINE 2 BRADLEY BYRNE, MICHI LUNCEFORD, AND NEIL CHRISTOPHER ARE EMPLOYEES OF THE MOBILE AREA CHAMBER OF COMMERCE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS MUST DISCLOSE TO THE ORGANIZATION THE EXISTENCE AND CIRCUMSTANCES OF ANY CONFLICT OF INTEREST, REFRAIN FROM USING HIS OR HER PERSONAL INFULENCE TO ENCOURAGE THE ORGANIZATION TO ENTER INTO A TRANSACTION, AND PHYSICALLY EXCUSE HIMSELF FROM PARTICIPATION IN ANY DISCUSSIONS. FORM 990, PART VI, SECTION B, LINE 15 AT THE PRESENT TIME, THIS ORGANIZATION DOES NOT HAVE ANY EMPLOYEES; THEREFORE APPROVAL OF COMPENSATION FOR KEY EMPLOYEES OR OFFICERS WAS NOT NECESSARY. THE COMPENSATION OF KEY EMPLOYEES AND OFFICERS OF THE RELATED ORGANIZATION ARE DETERMINED BY THE BOARD OF THE RELATED ORGANIZATION, FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT, WHICH IS THE SAME PROCESS AS IN PRIOR YEARS. MOBILE AREA CHAMBER OF COMMERCE PO BOX 2187 MOBILE AL 36652 630142765 ASSIST LOCAL BUSINESSES IN ACCOMPLISHING THE TASK OF COMMUNITY AWARENESS AL 501(C)(6) N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 MOBILE AREA CHAMBER OF COMMERCE B 1000000 AMOUNT PER AGREEMENT MOBILE AREA CHAMBER OF COMMERCE J 243800 AMOUNT PER AGREEMENT MOBILE AREA CHAMBER OF COMMERCE P 93100 AMOUNT PER AGREEMENT