Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Prospect Area Chamber of Commerce
EIN 73-1697744 • 501(c)6 • Prospect, KY
Profile
To promote a healthy and prosperous community for those who live and work in the area and to maintain a safe and balanced environment.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
3.39x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 84.8% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
46th percentile
Faster revenue growth than 46% of similar nonprofits.
Balance Sheet
Assets
Down$7,315
Down $19,406 (-73%) from 2022
Liabilities
Up$24,814
Up $8 (+0.0%) from 2022
Net Assets
Down-$17,499
Down $19,414 (-1014%) from 2022
Revenue
Down$54,201
Down $1,397 (-2.5%) from 2022
Expenses
Up$73,615
Up $15,292 (+26%) from 2022
Net Income
Down-$19,414
Down $16,689 (-612%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $7,315
- Liabilities
- $24,814
- Net assets
- -$17,499
- Revenue
- $54,201
- Expenses
- $73,615
- Net income
- -$19,414
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Jul 3, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $54,201
Mission and Program Overview
Mission
To promote a healthy and prosperous community for those who live and work in the area and to maintain a safe and balanced environment.
To promote a healthy and properous community for those who live and work in the area and to maintain a safe and balanced environment.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION HOSTS VARIOUS NETWORKING AND EDUCATIONAL EVENTS THROUGHOUT THE YEAR FOR THE BENEFIT OF ITS MEMBERS AND GUESTS. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GARY R TYLER | Executive Director | PT | $45,981 | - | $45,981 |
| MEREDITH HENSLEY | President | - | $0 | - | - |
| LUIS WELLS-GONZALEZ | Vice President | - | $0 | - | - |
| KATHIE QUAIFE | Treasurer | - | $0 | - | - |
| FLORENCE BROWNE | Secretary | - | $0 | - | - |
| JENNIFER JACOBS | Past President | - | $0 | - | - |
| DJ DODSON | Director | - | $0 | - | - |
| MARILYN FAULKENBURG | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Prospect Area Chamber of Commerce
- EIN
- 73-1697744
- Phone
- 5022287493
- Address
- 9219-D US HIGHWAY 42 283, PROSPECT, KY 40059
Signing Officer
- Name
- Meriedith Hensley
- Title
- President
- Phone
- 5022287493
- Signed
- 2024-07-03
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Amick & Company Psc
- Address
- 410 W CHESTNUT ST STE 237, LOUISVILLE, KY 40202-2323
- Preparer
- Roy J Schroeder
- Phone
- 5025835381
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: savings interest. Amount: 364.”
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: foundation administration. Amount: 5,000. Description: other misc income. Amount: 150. Total to form 990-ez, line 8: 5,150.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: administrative. Amount: 2,737. Description: payroll taxes. Amount: 3,521. Description: membership expenses. Amount: 612. Description: program expenses. Amount: 3,171. Description: office supplies. Amount: 2,733. Description: telephone. Amount: 2,564. Description: professional fees. Amount: 1,022. Description: insurance. Amount: 796. Description: rent. Amount: 1,336. Description: dues, subscriptions and fees. Amount: 9,142. Total to form 990-ez, line 16: 27,634.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 1,071. End of year amount: 1,071. Description: erc credit due. Beg. Of year amount: 6,203. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accrued payroll taxes. Beg. Of year amount: 1,905. End of year amount: 3,200. Description: eidl note payable. Beg. Of year amount: 22,901. End of year amount: 21,614.”
Raw XML Appendix152 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | GARY R TYLER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5022287493 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 9219-D US HIGHWAY 42 283 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | PROSPECT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | KY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 40059 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 19447 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 6244 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -19414 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 26721 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 7315 |
| IRS990EZ/GrossReceiptsAmt | 0 | 54201 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 364 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 45283 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 1915 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -17499 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 1915 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -17499 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 32.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 45981 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MEREDITH HENSLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LUIS WELLS-GONZALEZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KATHIE QUAIFE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | FLORENCE BROWNE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JENNIFER JACOBS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | DJ DODSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | MARILYN FAULKENBURG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | GARY R TYLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | PAST PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | EXECUTIVE DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 7274 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1071 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 27634 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 5150 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROMOTE A HEALTHY AND PROPEROUS COMMUNITY FOR THOSE WHO LIVE AND WORK IN THE AREA AND TO MAINTAIN A SAFE AND BALANCED ENVIRONMENT. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 3404 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION HOSTS VARIOUS NETWORKING AND EDUCATIONAL EVENTS THROUGHOUT THE YEAR FOR THE BENEFIT OF ITS MEMBERS AND GUESTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 45981 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | KY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 24806 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 24814 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 73615 |
| IRS990EZ/TotalRevenueAmt | 0 | 54201 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.PROSPECTAREACHAMBER.COM |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: SAVINGS INTEREST. AMOUNT: 364. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: FOUNDATION ADMINISTRATION. AMOUNT: 5,000. DESCRIPTION: OTHER MISC INCOME. AMOUNT: 150. TOTAL TO FORM 990-EZ, LINE 8: 5,150. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ADMINISTRATIVE. AMOUNT: 2,737. DESCRIPTION: PAYROLL TAXES. AMOUNT: 3,521. DESCRIPTION: MEMBERSHIP EXPENSES. AMOUNT: 612. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 3,171. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 2,733. DESCRIPTION: TELEPHONE. AMOUNT: 2,564. DESCRIPTION: PROFESSIONAL FEES. AMOUNT: 1,022. DESCRIPTION: INSURANCE. AMOUNT: 796. DESCRIPTION: RENT. AMOUNT: 1,336. DESCRIPTION: DUES, SUBSCRIPTIONS AND FEES. AMOUNT: 9,142. TOTAL TO FORM 990-EZ, LINE 16: 27,634. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,071. END OF YEAR AMOUNT: 1,071. DESCRIPTION: ERC CREDIT DUE. BEG. OF YEAR AMOUNT: 6,203. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCRUED PAYROLL TAXES. BEG. OF YEAR AMOUNT: 1,905. END OF YEAR AMOUNT: 3,200. DESCRIPTION: EIDL NOTE PAYABLE. BEG. OF YEAR AMOUNT: 22,901. END OF YEAR AMOUNT: 21,614. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MERIEDITH HENSLEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5022287493 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-07-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROSPECT AREA CHAMBER OF COMMERCE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PROS |
| ReturnHeader/Filer/EIN | 0 | 731697744 |
| ReturnHeader/Filer/PhoneNum | 0 | 5022287493 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 9219-D US HIGHWAY 42 283 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PROSPECT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 40059 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 611222794 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AMICK & COMPANY PSC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 410 W CHESTNUT ST STE 237 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LOUISVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 402022323 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5025835381 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-07-01 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROY J SCHROEDER |
| ReturnHeader/ReturnTs | 0 | 2024-07-03T11:10:40-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MERIEDITH |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | HENSLEY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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