Civic Intelligence

Oldham Chamber & Economic Development Inc

990 • Fiscal year 2018 • EIN 61-1243293

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 18, 2018

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

51st percentile

0.00x

Higher debt load relative to assets than 51% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.00x

Higher debt load relative to revenue than 51% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

53rd percentile

3.8%

Higher net margin than 53% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$86,796

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

47th percentile

0.4%

Faster asset growth than 47% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

78th percentile

17%

Faster revenue growth than 78% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$375,010

Up $1,474 (+0.4%) from 2017

Net Assets

Up

$373,549

Up $13,115 (+3.6%) from 2017

Liabilities

Down

$1,461

Down $11,641 (-89%) from 2017

Revenue

Up

$347,373

Up $50,273 (+17%) from 2017

Expenses

Up

$334,293

Up $23,619 (+7.6%) from 2017

Net Income

Up

$13,080

Up $26,654 (+196%) from 2017

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

2018

Assets$375,010
Liabilities$1,461
Net Assets$373,549

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

2018

Revenue$347,373
Expenses$334,293
Net Income$13,080
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 18, 2018
Return Version
2017v2.3
Gross Receipts
$347,373
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. Memebership participation helps to increase the awareness of economic growth in oldham county,

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$215,565$216,724▲ $1,159
Cash and Non-Interest-Bearing Accounts$157,971$158,286▲ $315
Total Assets$373,536$375,010▲ $1,474
Liabilities
Accounts Payable and Accrued Expenses$13,102$1,461▼ $11,641
Total Liabilities$13,102$1,461▼ $11,641
Net Assets / Fund Balance
Unrestricted Net Assets$360,434$373,549▲ $13,115
Total Net Assets Fund Balance$360,434$373,549▲ $13,115
Total Liabilities and Net Assets / Fund Balance$373,536$375,010▲ $1,474
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David BizianesPresidentFT$86,796$86,796

Board Members and Trustees

NameTitle
Jonathan WestbrookChairman
Winnie Boling DmdIncoming Chairman
Jim KramerVice Chair Econ Dev
Vickie MillerVice Chair Memberships
Angelo StekardisBoard Member
Christy PaulinBoard Member
Cindy HarbinBoard Member
Gary HardyBoard Member
Greg SchultzBoard Member
Jason MorganBoard Member
Joe VanceBoard Member
Ken StoessBoard Member
Steve EmeryBoard Member
Steve WilsonBoard Member
Zack Van ZantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$301,940
Program Service Revenue
$44,344
Investment Income
$1,089
Other Revenue
$0
All Other Contributions
$99,900
Change in Net Assets
$13,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$186,344
Other Expenses$147,949
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$86,796--$86,796
Other Salaries and Wages$79,669--$79,669
Advertising$70,422--$70,422
Conferences and Meetings$33,726--$33,726
Payroll Taxes$13,834--$13,834
Travel$7,736--$7,736
Fees for Services Management-$6,300-$6,300
Information Technology$6,184--$6,184
Fees for Services Accounting-$5,604-$5,604
Insurance$1,072$3,233-$4,305
Pension Plan Contributions$4,245--$4,245
Other Expenses$2,210--$2,210
Other Employee Benefits$1,800--$1,800
Occupancy$550--$550
Total Functional Expenses$319,156$15,137$0$334,293
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
Backup withholding compliance
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, Part VI, Section B, line 11B

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

Form 990, Part VI, Section B, line 15A

The executive director is subject to an annual review and evaluation byselect members of the executive committee. After the evaluation, anyrecommendations for increase in salary are submitted to the board forapproval.

Form 990, Part VI, Section C, 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
President
Phone
5022221635
Signed
2018-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Bizianes
Formed
1963
Legal Domicile
Ky
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
0

Preparer

Firm
Amick & Company PSC
Address
410 W Chestnut St Ste 237, Louisville, KY 40202-2323
Preparer
Albert H Klein II
Phone
5025835381
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The organizations process for responsibilty for oversight of the audit and selection of an independent accountant has not changed from prior years.

Financial Statement Notes

Part X, Line 2:

There are no positions for which ultimate deductibility is highly uncertain included in the consolidated statements of financial position at june 30, 2018 and 2017. The organization recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The organization did not recognize any interest or penalties during the year ended june 30, 2018.

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IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0TOTAL PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TOTAL EVENT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022360
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121984
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121984
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0168800
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0530
IRS990/PYOtherExpensesAmt0154256
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0127770
IRS990/PYRevenuesLessExpensesAmt0-13574
IRS990/PYSalariesCompEmpBnftPaidAmt0156418
IRS990/PYTotalExpensesAmt0310674
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0297100
IRS990/ReconcilationRevenueExpnssAmt013080
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt045433
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0215565
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0216724
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO POSITIONS FOR WHICH ULTIMATE DEDUCTIBILITY IS HIGHLY UNCERTAIN INCLUDED IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2018 AND 2017. THE ORGANIZATION RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ORGANIZATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES DURING THE YEAR ENDED JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER BEFORE FILING. THE FINANCIAL STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR IS SUBJECT TO AN ANNUAL REVIEW AND EVALUATION BYSELECT MEMBERS OF THE EXECUTIVE COMMITTEE. AFTER THE EVALUATION, ANYRECOMMENDATIONS FOR INCREASE IN SALARY ARE SUBMITTED TO THE BOARD FORAPPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT ITS OFFICE UPON RECEIVING A WRITTEN REQUEST FROM ANY INTERESTED PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS PROCESS FOR RESPONSIBILTY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OLDHAM CHAMBER ECONOMIC DEVELOPMENT FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0611379786
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SOLICIT CONTRIBUTIONS TO PROMOTE ECONOMIC DEVELOPMENT IN OLDHAM COUNTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0112 SOUTH FIRST STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAGRANGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040031
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0373536
IRS990/TotalAssetsEOYAmt0375010
IRS990/TotalAssetsGrp/BOYAmt0373536
IRS990/TotalAssetsGrp/EOYAmt0375010
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0301940
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015137
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0319156
IRS990/TotalFunctionalExpensesGrp/TotalAmt0334293
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013102
IRS990/TotalLiabilitiesEOYAmt01461
IRS990/TotalLiabilitiesGrp/BOYAmt013102
IRS990/TotalLiabilitiesGrp/EOYAmt01461
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0360434
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0373549
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0319156
IRS990/TotalProgramServiceRevenueAmt044344
IRS990/TotalReportableCompFromOrgAmt086796
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045433
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347373
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0373536
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0375010
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt07736
IRS990/TravelGrp/TotalAmt07736
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0360434
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0373549
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0112 SOUTH 1ST AVENUE
IRS990/USAddress/CityNm0LAGRANGE
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040031
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WebsiteAddressTxt0WWW.OLDHAMCOUNTYCHAMBER.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID BIZIANES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05022221635
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLDHAM CHAMBER & ECONOMIC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0OLDH
ReturnHeader/Filer/EIN0611243293
ReturnHeader/Filer/PhoneNum05022221635

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