Civic Intelligence

Greater Bloomington Chamber of Commerce Foundation

990 • Fiscal year 2019 • EIN 35-2066449

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 15, 2020

421 W 6th StreetBloomington, IN 47404

(812) 336-6381

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.12x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.14x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$41,116

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 52.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$90,227

Up $16,349 (+22%) from 2018

Net Assets

Up

$79,221

Up $16,582 (+26%) from 2018

Liabilities

Down

$11,006

Down $233 (-2.1%) from 2018

Revenue

Up

$79,106

Up $13,812 (+21%) from 2018

Expenses

Up

$62,524

Up $19,093 (+44%) from 2018

Net Income

Down

$16,582

Down $5,281 (-24%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2016: $38,172Liabilities 2016: $10,393Net Assets 2016: $27,7792016Assets 2017: $51,485Liabilities 2017: $10,709Net Assets 2017: $40,7762017Assets 2018: $73,878Liabilities 2018: $11,239Net Assets 2018: $62,6392018Assets 2019: $90,227Liabilities 2019: $11,006Net Assets 2019: $79,2212019Assets 2020: $117,573Liabilities 2020: $17,942Net Assets 2020: $99,6312020Assets 2021: $120,923Liabilities 2021: $7,932Net Assets 2021: $112,9912021Assets 2022: $157,516Liabilities 2022: $42,186Net Assets 2022: $115,3302022Assets 2023: $134,456Liabilities 2023: $11,578Net Assets 2023: $122,8782023Assets 2024: $133,477Liabilities 2024: $16,675Net Assets 2024: $116,8022024

Highlighted filing

2019

Assets$90,227
Liabilities$11,006
Net Assets$79,221

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2016: $135,212Expenses 2016: $170,166Net Income 2016: -$34,9542016Revenue 2017: $77,185Expenses 2017: $64,188Net Income 2017: $12,9972017Revenue 2018: $65,294Expenses 2018: $43,431Net Income 2018: $21,8632018Revenue 2019: $79,106Expenses 2019: $62,524Net Income 2019: $16,5822019Revenue 2020: $96,126Expenses 2020: $75,716Net Income 2020: $20,4102020Revenue 2021: $100,066Expenses 2021: $86,706Net Income 2021: $13,3602021Revenue 2022: $87,041Expenses 2022: $84,702Net Income 2022: $2,3392022Revenue 2023: $104,105Expenses 2023: $96,557Net Income 2023: $7,5482023Revenue 2024: $103,448Expenses 2024: $109,524Net Income 2024: -$6,0762024

Highlighted filing

2019

Revenue$79,106
Expenses$62,524
Net Income$16,582
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 15, 2020
Return Version
2018v3.1
Gross Receipts
$79,106
Mission and Program Overview

Mission

To create and promote partnerships and career education between the greater bloomington business community, educational system, and community at large; and, to encourage career awareness, lifelong learning, youth apprenticeships, and workforce development.

Educational and other charitable activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$73,643$90,209▲ $16,566
Land, Buildings, and Equipment, Net$235$18▼ $217
Total Assets$73,878$90,227▲ $16,349
Liabilities
Accounts Payable and Accrued Expenses$3,753$6,020▲ $2,267
Deferred Revenue$7,486$4,986▼ $2,500
Total Liabilities$11,239$11,006▼ $233
Net Assets / Fund Balance
Unrestricted Net Assets$62,639$79,221▲ $16,582
Total Net Assets Fund Balance$62,639$79,221▲ $16,582
Total Liabilities and Net Assets / Fund Balance$73,878$90,227▲ $16,349

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18$6,775$6,793
Compensation and Service Providers

Employees

NameTitleOtherTotal
Erin PredmorePresident & CEO$41,116$41,116

Board Members and Trustees

NameTitle
Mike RichardsonBoard Chair
Ron WalkerImmediate Past Chair
Cindy KinnarneyFirst Vice Chair
Amy Somers KoppSecond Vice Chair
Lisa AbbottDirector
Scott ShishmanSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$58,430
Program Service Revenue
$20,395
Investment Income
$276
Other Revenue
$5
All Other Contributions
$19,680
Change in Net Assets
$16,582

Audited Revenue Reconciliation

Revenue per Audited Statements
$79,106
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,500
Total Revenue per Audited Statements
$81,606
Total Revenue per Form 990
$79,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$47,219
Other Expenses$15,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,205$5,111-$39,316
Fees for Services Accounting-$7,200-$7,200
Other Employee Benefits$5,424$810-$6,234
Payroll Taxes$1,452$217-$1,669
Office Expenses$864$96-$960
Information Technology$570$30-$600
Depreciation Depletion-$217-$217
Other Expenses$6,285$43-$43
Total Functional Expenses$48,800$13,724$0$62,524

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$65,024
Expenses per Audited Statements$62,524
Total Expenses per Form 990$62,524
Expenses Not Reported on Form 990$2,500
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Copies of form 990 are distributed electronically to all directors for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Directors, officers, and key employees are asked to update their conflict of interest annually.

Form 990, Part VI, Section B, Line 15

Directors are volunteers and not compensated. Review of the staff is conducted by intenral supervisors and review of the executive director is conducted by the board chair and executive committee. Compensation is then reviewed by the entire board.

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Greater Bloomington Chamber of Commerce
EIN
35-2066449
Phone
8123366381
Address
421 W 6TH STREET, BLOOMINGTON, IN 47404

Signing Officer

Name
Erin Predmore
Title
President & CEO
Phone
8123366381
Signed
2020-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Predmore
Formed
1998
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
108

Preparer

Firm
Sponsel CPA Group LLC
Address
251 N ILLINOIS ST STE 450, INDIANAPOLIS, IN 46204
Preparer
Elizabeth M Belcher CPA
Phone
3176086699
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The foundation's executive committee is responsible for overseeing the annual review of its financial statements. The executive committee and the office manager are responsible for selecting the independent accountant and overseeing the review. There have been no changes to this process from the prior year.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the foundation, and has concluded that as of august 31, 2019, and 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. No interest or penalties were incurred as of august 31, 2019, and 2018.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt043003
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt057412
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0108457
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0235032
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0502334
IRS990ScheduleA/TotalSupportAmt0503579
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt02500
IRS990ScheduleD/DonatedServicesUseFcltsAmt02500
IRS990ScheduleD/EquipmentGrp/BookValueAmt018
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06775
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06793
IRS990ScheduleD/ExpensesNotReportedAmt02500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt062524
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt02500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt079106
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2019, AND 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. NO INTEREST OR PENALTIES WERE INCURRED AS OF AUGUST 31, 2019, AND 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018
IRS990ScheduleD/TotalExpensesPerForm990Amt062524
IRS990ScheduleD/TotalRevenuePerForm990Amt079106
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt081606
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt065024
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF FORM 990 ARE DISTRIBUTED ELECTRONICALLY TO ALL DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE ASKED TO UPDATE THEIR CONFLICT OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE VOLUNTEERS AND NOT COMPENSATED. REVIEW OF THE STAFF IS CONDUCTED BY INTENRAL SUPERVISORS AND REVIEW OF THE EXECUTIVE DIRECTOR IS CONDUCTED BY THE BOARD CHAIR AND EXECUTIVE COMMITTEE. COMPENSATION IS THEN REVIEWED BY THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S EXECUTIVE COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE ANNUAL REVIEW OF ITS FINANCIAL STATEMENTS. THE EXECUTIVE COMMITTEE AND THE OFFICE MANAGER ARE RESPONSIBLE FOR SELECTING THE INDEPENDENT ACCOUNTANT AND OVERSEEING THE REVIEW. THERE HAVE BEEN NO CHANGES TO THIS PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GREATER BLOOMINGTON CHAMBER OF COMMERCE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0350183215
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ADVANCE THE COMMUNITY GENERAL WELFARE AND PROSPERITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0421 W 6TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BLOOMINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt048800
IRS990/TotalFunctionalExpensesGrp/TotalAmt062524
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt011006
IRS990/TotalLiabilitiesGrp/BOYAmt011239
IRS990/TotalLiabilitiesGrp/EOYAmt011006
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt062639
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalVolunteersCnt0108
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IRS990/TotReportableCompRltdOrgAmt041116
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt062639
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd047404
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00

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