Civic Intelligence

Oldham Chamber & Economic Development Inc

990 • Fiscal year 2016 • EIN 61-1243293

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 03, 2017

112 South 1st AvenueLagrange, KY 40031

(502) 222-1635

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

54th percentile

0.01x

Higher debt load relative to revenue than 54% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

86th percentile

22%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

78th percentile

21%

Faster asset growth than 78% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

1.6%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$376,540

Up $65,461 (+21%) from 2015

Net Assets

Up

$374,008

Up $66,058 (+21%) from 2015

Liabilities

Down

$2,532

Down $597 (-19%) from 2015

Revenue

Up

$300,203

Up $4,739 (+1.6%) from 2015

Expenses

Down

$234,145

Down $50,675 (-18%) from 2015

Net Income

Up

$66,058

Up $55,414 (+521%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $225,784Liabilities 2011: $4,228Net Assets 2011: $221,5562011Assets 2012: $266,832Liabilities 2012: $31,028Net Assets 2012: $235,8042012Assets 2013: $266,767Liabilities 2013: $6,278Net Assets 2013: $260,4892013Assets 2014: $297,432Liabilities 2014: $126Net Assets 2014: $297,3062014Assets 2015: $311,079Liabilities 2015: $3,129Net Assets 2015: $307,9502015Assets 2016: $376,540Liabilities 2016: $2,532Net Assets 2016: $374,0082016Assets 2017: $373,536Liabilities 2017: $13,102Net Assets 2017: $360,4342017Assets 2018: $375,010Liabilities 2018: $1,461Net Assets 2018: $373,5492018Assets 2019: $379,404Liabilities 2019: $1,608Net Assets 2019: $377,7962019Assets 2020: $137,190Liabilities 2020: $48,558Net Assets 2020: $88,6322020Assets 2021: $171,402Liabilities 2021: $3,817Net Assets 2021: $167,5852021Assets 2022: $167,145Liabilities 2022: $1,132Net Assets 2022: $166,0132022Assets 2024: $126,005Liabilities 2024: $6,912Net Assets 2024: $119,0932024

Highlighted filing

2016

Assets$376,540
Liabilities$2,532
Net Assets$374,008

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $313,164Expenses 2011: $288,952Net Income 2011: $24,2122011Expenses 2012: $293,6582012Revenue 2013: $347,724Expenses 2013: $323,039Net Income 2013: $24,6852013Revenue 2014: $323,258Expenses 2014: $286,549Net Income 2014: $36,7092014Revenue 2015: $295,464Expenses 2015: $284,820Net Income 2015: $10,6442015Revenue 2016: $300,203Expenses 2016: $234,145Net Income 2016: $66,0582016Revenue 2017: $297,100Expenses 2017: $310,674Net Income 2017: -$13,5742017Revenue 2018: $347,373Expenses 2018: $334,293Net Income 2018: $13,0802018Revenue 2019: $372,452Expenses 2019: $368,204Net Income 2019: $4,2482019Revenue 2020: $345,982Expenses 2020: $356,847Net Income 2020: -$10,8652020Revenue 2021: $389,037Expenses 2021: $292,420Net Income 2021: $96,6172021Revenue 2022: $454,895Expenses 2022: $371,336Net Income 2022: $83,5592022Revenue 2024: $499,877Expenses 2024: $493,811Net Income 2024: $6,0662024

Highlighted filing

2016

Revenue$300,203
Expenses$234,145
Net Income$66,058
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 3, 2017
Return Version
2015v3.0
Gross Receipts
$300,203
Mission and Program Overview

Mission

The organization strives to be the "go to organization for business networking, business expansion, professional development and community relationships. Membership participation helps to increase the awareness of economic growth in oldham county.

The organization strives to be the "go to" organization for business networking, business expansion, professional development and community relationships. Membership participation helps to increase the awareness of economic growth in oldham county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$215,565-
Cash and Non-Interest-Bearing Accounts$311,079$160,975▼ $150,104
Total Assets$311,079$376,540▲ $65,461
Liabilities
Accounts Payable and Accrued Expenses$3,129$2,532▼ $597
Total Liabilities$3,129$2,532▼ $597
Net Assets / Fund Balance
Unrestricted Net Assets$307,950$374,008▲ $66,058
Total Net Assets Fund Balance$307,950$374,008▲ $66,058
Total Liabilities and Net Assets / Fund Balance$311,079$376,540▲ $65,461
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris RotyChairman
Fred TolsdorfPast Chairma
Angelo StekardisBoard Member
Gary HardyBoard Member
Jason MorganBoard Member
Jim KramerBoard Member
Joe SpoelkerBoard Member
Joe VanceBoard Member
Mark HaertzenBoard Member
Peggy KilgoreBoard Member
Steve EmeryBoard Member
Vickie MillerBoard Member
Winnie Boling DmdBoard Member
David BizianesExecutive Di
Jonathan WestbrookIncoming CHA
Bruce OgleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,122
Program Service Revenue
$128,614
Investment Income
$78
Other Revenue
$5,389
All Other Contributions
$21,122
Change in Net Assets
$66,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,257
Salaries, Compensation, and Employee Benefits$110,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,417--$101,417
Fees for Services Accounting-$31,200-$31,200
Advertising$20,331--$20,331
Conferences and Meetings$14,835$512-$15,347
Fees for Services Other$11,000--$11,000
All Other Expenses$4,357$4,744-$9,101
Payroll Taxes$8,656--$8,656
Travel$6,685--$6,685
Insurance$1,072$3,192-$4,264
Other Expenses$3,649$6,814-$3,649
Pension Plan Contributions$815--$815
Fees for Services Legal-$361-$361
Occupancy$330--$330
Total Functional Expenses$187,322$46,823$0$234,145
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the executive director and treasurer before filing. The financial statments are reviewed by the executive committee prior to the next scheduled board meeting.

Form 990, Page 6, Part VI, Line 15A

The executive director is subject to an annual review and evaluation by select members of the executive committee. After the evaluation, any recommendations for increase in salary are submitted to the board for approval.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available at its office upon receiving a written request from any interested party.

Filing and Contact Details

Filer

Filer Name
Oldham Chamber & Economic
EIN
61-1243293
Phone
5022221635
Address
112 SOUTH 1ST AVENUE, LAGRANGE, KY 40031

Signing Officer

Name
David Bizianes
Title
Executive Director
Phone
5022221635
Signed
2017-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Bizianes
Formed
1963
Legal Domicile
Ky
Voting Board Members
16
Independent Board Members
16
Employees
5

Preparer

Firm
Amick & Company
Address
410 W CHESTNUT ST STE 237, LOUISVILLE, KY 40202-2323
Preparer
Albert H Klein Ii
Phone
5025835381
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization strives to be the "go to" organization for business networking, business expansion, professional development and community relationships. Membership participation helps to increase the awareness of economic growth in oldham county.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization's policy for evaluating uncertain tax positions is to evaluate the facts and circumstances associated with the specific tax position giving rise to the unccertainity and to consider the likelihood of success. There are no tax positions taken for which the ultimate deductibility is highly uncertain in the balance sheet at year end.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PensionPlanContributionsGrp/TotalAmt0815
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DAVID BIZIANES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0CORPORATE INVESTMENTS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP
IRS990/ProgramServiceRevenueGrp/Desc2GOLF SCRAMBLE
IRS990/ProgramServiceRevenueGrp/Desc3SHOWCASE
IRS990/ProgramServiceRevenueGrp/Desc4CELEBRATION OF WOMEN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt045375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt141388
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217980
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt36175
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt045375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt141388
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36175
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46065
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0162961
IRS990/PYInvestmentIncomeAmt0-746
IRS990/PYOtherExpensesAmt0125769
IRS990/PYProgramServiceRevenueAmt0133249
IRS990/PYRevenuesLessExpensesAmt010644
IRS990/PYSalariesCompEmpBnftPaidAmt0159051
IRS990/PYTotalExpensesAmt0284820
IRS990/PYTotalRevenueAmt0295464
IRS990/ReconcilationRevenueExpnssAmt066058
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0128614
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0215565
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS TO EVALUATE THE FACTS AND CIRCUMSTANCES ASSOCIATED WITH THE SPECIFIC TAX POSITION GIVING RISE TO THE UNCCERTAINITY AND TO CONSIDER THE LIKELIHOOD OF SUCCESS. THERE ARE NO TAX POSITIONS TAKEN FOR WHICH THE ULTIMATE DEDUCTIBILITY IS HIGHLY UNCERTAIN IN THE BALANCE SHEET AT YEAR END.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION STRIVES TO BE THE "GO TO" ORGANIZATION FOR BUSINESS NETWORKING, BUSINESS EXPANSION, PROFESSIONAL DEVELOPMENT AND COMMUNITY RELATIONSHIPS. MEMBERSHIP PARTICIPATION HELPS TO INCREASE THE AWARENESS OF ECONOMIC GROWTH IN OLDHAM COUNTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER BEFORE FILING. THE FINANCIAL STATMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR IS SUBJECT TO AN ANNUAL REVIEW AND EVALUATION BY SELECT MEMBERS OF THE EXECUTIVE COMMITTEE. AFTER THE EVALUATION, ANY RECOMMENDATIONS FOR INCREASE IN SALARY ARE SUBMITTED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT ITS OFFICE UPON RECEIVING A WRITTEN REQUEST FROM ANY INTERESTED PARTY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0311079
IRS990/TotalAssetsEOYAmt0376540
IRS990/TotalAssetsGrp/BOYAmt0311079
IRS990/TotalAssetsGrp/EOYAmt0376540
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0166122
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187322
IRS990/TotalFunctionalExpensesGrp/TotalAmt0234145
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03129
IRS990/TotalLiabilitiesEOYAmt02532
IRS990/TotalLiabilitiesGrp/BOYAmt03129
IRS990/TotalLiabilitiesGrp/EOYAmt02532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0307950
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0374008
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt011631
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt011631
IRS990/TotalProgramServiceExpensesAmt0187322
IRS990/TotalProgramServiceRevenueAmt0128614
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134081
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300203
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0311079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0376540
IRS990/TravelGrp/ProgramServicesAmt06685
IRS990/TravelGrp/TotalAmt06685
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0307950
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0374008
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0112 SOUTH FIRST STREET
IRS990/USAddress/CityNm0LAGRANGE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040031
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.OLDHAMCOUNTYCHAMBER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID BIZIANES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05022221635
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLDHAM CHAMBER & ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0OLDH
ReturnHeader/Filer/EIN0611243293
ReturnHeader/Filer/PhoneNum05022221635
ReturnHeader/Filer/USAddress/AddressLine1Txt0112 SOUTH 1ST AVENUE
ReturnHeader/Filer/USAddress/CityNm0LAGRANGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040031
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611222794
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AMICK & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 W CHESTNUT ST STE 237
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0402022323
ReturnHeader/PreparerPersonGrp/PhoneNum05025835381
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALBERT H KLEIN II
ReturnHeader/ReturnTs02017-02-07T08:48:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.07$1.19$5.00$4.94$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.67$0.01$1.66$4.55$3.71$0.84
2021Detailed filing. Detailed filing data is available for this year.$1.71$0.04$1.68$3.89$2.92$0.97
2020Detailed filing. Detailed filing data is available for this year.$1.37$0.49$0.89$3.46$3.57$0.11
2019Detailed filing. Detailed filing data is available for this year.$3.79$0.02$3.78$3.72$3.68$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.75$0.01$3.74$3.47$3.34$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.74$0.13$3.60$2.97$3.11$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.77$0.03$3.74$3.00$2.34$0.66
2015Detailed filing. Detailed filing data is available for this year.$3.11$0.03$3.08$2.95$2.85$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.97$0.00$2.97$3.23$2.87$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.06$2.60$3.48$3.23$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.31$2.36$2.94
2011Summary only. Only limited summary data is available for this year.$2.26$0.04$2.22$3.13$2.89$0.24