2024-11-12T14:36:11-06:00 2023-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2023-01-01 630837944 COASTAL ALABAMA BUSINESS CHAMBER INC COAS 2519684237 P O BOX 3869 GULF SHORES AL 36547 KENNETH G ALEXANDER PRESIDENT/CEO 2519684237 2024-11-12 1 1 CLAIRE C DUREN CPA P01577924 8504357400 2024-11-12 2023 2024-10-15 13:58:12Z KENNETH G ALEXANDER P O BOX 3869 GULF SHORES AL 36547 1683716 0 X WWW.MYGULFCOASTCHAMBER.COM X 1981 AL TO UNITE BUSINESS AND COMMUNITY IN ORDER TO PROMOTE QUALITY BUSINESS GROWTH AND COMMUNITY DEVELOPMENT THROUGH MEMBER SUPPORT, COOPERATION AND COMMUNICATION. 22 21 8 700 0 0 391403 472740 831990 1194459 391 1573 18934 14944 1242718 1683716 0 0 0 0 589174 651819 0 0 0 894765 1155024 1483939 1806843 -241221 -123127 437995 317869 681494 684495 -243499 -366626 TO UNITE BUSINESS AND COMMUNITY IN ORDER TO PROMOTE QUALITY BUSINESS GROWTH AND COMMUNITY DEVELOPMENT THROUGH MEMBER SUPPORT, COOPERATION AND COMMUNICATION. 0 0 772707 274378 MEMBER SERVICES: VARIOUS MEMBER SERVICES PROVIDED, THE PURPOSE OF WHICH IS TO FURTHER THE CHAMBER'S MISSION. ANNUAL MEETING: MEMBERSHIP MEETING FOR EXCHANGE OF IDEAS AND TO SET GOALS FOR THE UPCOMING YEAR. 752608 899740 NATIONAL SHRIMP FESTIVAL: FESTIVAL WHICH INCLUDES FINE ARTS, ARTS AND CRAFTS, MUSIC AND FOOD. THE EVENT PROMOTES AND DEVELOPS THE GULF SHORES/ORANGE BEACH, ALABAMA AREA AND HAS AN IMMEASURABLE IMPACT ON THE LOCAL ECONOMY. 11969 20341 MEMBER SERVICES: VARIOUS MEMBER SERVICES PROVIDED, THE PURPOSE OF WHICH IS TO FURTHER THE CHAMBER'S MISSION. 1537284 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 8 1 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL X KENNETH G ALEXANDER PRESIDENTCEO 2519684237 3150 GULF SHORES PARKWAY GULF SHORES AL 36547 X ANDREW HART EX-OFFICIO- SHRIMP FESTIVAL CHARI 0.50 X 0 0 0 BETH GENDLER EX-OFFICIO 0.50 X 0 0 0 BOB MCDOWELL BOARD MEMBER- CONSERVATION 0.50 X 0 0 0 BRANDI INGRAM BOARD MEMBER-MEMBER AT LARGE 0.50 X 0 0 0 BRENTON MCWILLIAMS BOARD MEMBER- PUBLIC POLIC 0.50 X 0 0 0 FRANCES HOLK-JONES BOARD MEMBER 0.50 X 0 0 0 HUNTER HARRELSON BOARD MEMBER 0.50 X 0 0 0 JENNIFER PARNELL VICE CHAIR-TOURISM & SPECI 0.50 X X 0 0 0 JERRY JOHNSON EX-OFFICIO 0.50 X 0 0 0 JIM BIBBY BOARD MEMBER- CHAIRMAN 0.50 X X 0 0 0 JOE GARRIS EX-OFFICIO 0.50 X 0 0 0 KRISTIN HELLMICH EX-OFFICIO 0.50 X 0 0 0 MARK JONES BOARD MEMBER - GATEWAY INITIATIVE 0.50 X 0 0 0 MATT YOUNG EX-OFFICIO 0.50 X 0 0 0 TIM LOWER BOARD MEMBER 0.50 X 0 0 0 TOM STEBER BOARD MEMBER- MARINE TRADES 0.50 X 0 0 0 WES HICKS BOARD MEMBER- MEMBERSHIP 0.50 X 0 0 0 STEVE MEYER BOARD MEMBER 0.50 X 0 0 0 MARGARET ROLEY BOARD MEMBER 0.50 X 0 0 0 DAVID STIDHAM JR BOARD MEMBER- SMALL BUSINESS 0.50 X 0 0 0 JUSTIN FLETCHER BOARD MEMBER 0.50 X 0 0 0 MARK INGRAM BOARD MEMBER- EDUCATION 0.50 X 0 0 0 GREG ALEXANDER CEO 50.00 X 128050 0 0 SUZETTE HATAWAY SECRETARY 50.00 X 72904 0 0 200954 0 0 1 0 0 0 0 422740 50000 472740 NATIONAL SHRIMP FESTIV 812900 899740 899740 MEMBERSHIP SERVICES 812900 274378 274378 ZYDECO FESTIVAL 812900 20341 20341 1194459 1573 1573 MISCELLANEOUS 812900 14644 14644 PUBLICATION MATERIALS 812900 300 300 14944 1683716 1194459 0 16517 X 200954 160763 40191 321630 257304 64326 79003 63202 15801 50232 40186 10046 29908 22431 7477 26803 25664 1139 31708 9512 22196 130955 109180 21775 173063 173063 7617 7617 18994 18994 32211 22548 9663 SUPPLIES 137733 137733 ENTERTAINMENT 118235 118235 CONCESSIONS 114226 114226 CONTRACT SERVICES 109934 109934 223637 173303 50334 1806843 1537284 269559 0 109055 36445 52677 13054 10054 5756 6803 1041982 790469 270507 251513 437995 317869 41461 32050 140133 156830 499900 495615 681494 684495 X -243499 -366626 -243499 -366626 437995 317869 -123127 0 X X 0 1 X 1 0 126895 126895 530927 449373 81554 211685 169414 42271 172475 171682 793 251513 SBA EIDL LOAN 495615 495615 X 1710216 26500 26500 1683716 0 1683716 1833343 26500 26500 1806843 0 1806843 PART X, LINE 2: THE CHAMBER IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). ACCORDINGLY, NO INCOME TAX EXPENSE HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CHAMBER MAY BE LIABLE FOR TAX ON UNRELATED BUSINESS INCOME, IF ANY EXISTS, IN A PARTICULAR YEAR. THE CHAMBER IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE DISCLOSURE OR ACCRUAL IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. FORM 990, PART VI, SECTION B, LINE 11B THE CHAIR OF THE FINANCE COMMITTEE AND THE PRESIDENT/CEO APPROVE THE FORM 990 AND THE ACCOMPANYING SCHEDULES BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY WHEN THE CHAMBER IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OR THAT MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. BOARD MEMBERS ELIGIBILITY IS CONTINGENT ON AN ANNUAL SIGNED AGREEMENT WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMPENSATION POLICY GOVERNS THE PROCEDURES FOR DETERMINING AND REVIEWING THE COMPENSATION OF THE CHAMBER PRESIDENT/CEO. FORM 990, PART VI, SECTION C, LINE 19 THE CHAMBER'S GOVERNING DOCUMENT AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE CHAMBER OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART VIII, LINE 1E: THE ORGANIZATION RECEIVED ONE GRANT FROM THE CITY OF GULF SHORES IN THE AMOUNT OF $100,000 TO BE USED FOR THE ANNUAL SHRIMP FESTIVAL. THE ORGANIZATION ALSO RECEIVED A GRANT FROM GULF SHORES & ORANGE COUNTY TOURISM ORGANIZATION FOR $50,000 TO BE USED FOR THE ANNUAL SHRIMP FESTIVAL. UNDER GUIDANCE OF THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, THE GRANT FUNDS ARE TO BE RECOGNIZED AS INCOME ONCE ALL THE CONDITIONS OF THE GRANT ARE SUBSTANTIALLY MET OR EXPLICITLY WAIVED. AT THE END OF THEIR FISCAL YEAR, THE ORGANIZATION HAD SUBSTANTIALLY MET ALL CONDITIONS OF THE GRANT AND RECORDED THE PROCEEDS AS GRANT INCOME. FORM 990, PART IX, LINE 24E COMMISSIONS: PROGRAM SERVICE EXPENSES 53,368. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,368. SECURITY: PROGRAM SERVICE EXPENSES 52,627. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,627. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 16,856. MANAGEMENT AND GENERAL EXPENSES 27,635. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,491. HOSPITALITY: PROGRAM SERVICE EXPENSES 22,210. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,210. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 2,262. MANAGEMENT AND GENERAL EXPENSES 16,996. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,258. AWARDS: PROGRAM SERVICE EXPENSES 16,170. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,170. TAXES & LICENSES: PROGRAM SERVICE EXPENSES 7,802. MANAGEMENT AND GENERAL EXPENSES 5,201. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,003. TRANSPORTATION: PROGRAM SERVICE EXPENSES 2,008. MANAGEMENT AND GENERAL EXPENSES 502. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,510. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR.