2024-11-14T12:11:04-06:00 2023-12-31 561333355 LEEPER KEAN AND RUMLEY LLP 3623 N ELM ST STE 100 GREENSBORO NC 27455 990 2023-01-01 566062537 GUILFORD MERCHANTS ASSOCIATION INC GUIL 3363786390 PO BOX 26140 GREENSBORO NC 27402 MARK PRINCE PRESIDENT 3363786390 2024-11-14 1 0 JOHN E KEAN P00749511 3362743700 2024-11-12 2023 2024-10-15 13:58:12Z MARK PRINCE PO BOX 26140 GREENSBORO NC 27402 954672 0 X WWW.GGMA.ORG X 1906 NC THE ASSOCIATION'S GOAL IS TO ASSIST MEMBERS AND THE BUSINESS COMMUNITY TO GROW AND PROSPER. 14 13 4 0 21400 0 0 0 689898 851232 0 0 -50090 -49398 639808 801834 0 0 0 0 315259 341008 0 0 0 437829 442294 753088 783302 -113280 18532 178678 190490 148709 141989 29969 48501 THE GUILFORD MERCHANTS ASSOCIATION IS A BUSINESS MEMBERSHIP ORGANIZATION FOCUSED ON SUPPORTING MEMBER COMPANIES WITH EDUCATIONAL PROGRAMMING, LEAD GENERATION ACTIVITIES, MARKETING OPPORTUNITIES, AND ENRICHMENT WHILE SERVING AS A CATALYST FOR COMMUNITY GROWTH. 0 0 MEMBERSHIP - RECRUITING NEW GMA MEMBERS AND ASSIST WITH SUPPORTING AND DIRECTING THEIR DEVELOPMENT. MEMBERSHIP ALSO ASSISTS IN EDUCATING THE COMMUNITY ON THE BENEFITS OF GMA MEMBERSHIP AND IDENTIFYING WAYS TO GROW MEMBERSHIP AND SERVICES. TRAINING AND PROFESSIONAL DEVELOPMENT - RESPONSIBLE FOR GMA'S POPULAR WORKPLACE WORKSHOPS, THIS PROGRAM FINDS EXPERT SPEAKERS TO MOTIVATE, EDUCATE AND DEVELOP MEMBERS AND THEIR EMPLOYEES. BUSINESS SUPPORT - PLANNING AND ORGANIZING SEMINARS AND WORKSHOPS TO PROVIDE THE LATEST INFORMATION ON TOPICS RELEVANT TO OPERATING YOUR BUSINESS. LOCAL CONSULTANTS, ATTORNEYS, CPAS, AND INDUSTRY EXPERTS WILL ADDRESS SUCH ISSUES AS HUMAN RESOURCES, MARKETING, TECHNOLOGY AND FINANCE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 1 4 1 1 1 0 0 0 0 0 0 0 X 14 13 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 NC X MARK PRINCE 3363786300 PO BOX 26140 GREENSBORO NC 27402 X MARK PRINCE PRESIDENT & CEO 10.00 X X 0 0 0 RICHARD BEARD BOARD CHAIR 3.00 X X 0 0 0 DAVID PARRISH BOARD VICE CHAIR 2.00 X X 0 0 0 JOHN THOMAS BOARD TREASURER 2.00 X X 0 0 0 CLARENCE MCDONALD BOARD IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 FORD BOWERS BOARD PAST CHAIR 2.00 X X 0 0 0 SCOTT BAKER BOARD MEMBER 1.00 X 0 0 0 CHRIS DUNBAR BOARD MEMBER 1.00 X 0 0 0 CHRIS DUDLEY BOARD MEMBER 1.00 X 0 0 0 JIM HIMES JR BOARD MEMBER 1.00 X 0 0 0 ROBERT POMPEY JR BOARD MEMBER 1.00 X 0 0 0 LEAH PRICE BOARD MEMBER 1.00 X 0 0 0 RICHARD VANORE BOARD MEMBER 1.00 X 0 0 0 ANITA BACHMANN BOARD MEMBER 1.00 X 0 0 0 MICHELLE BOLICK VICE PRESIDENT OF OPERATIO 40.00 X 95818 0 0 95818 0 0 0 0 0 0 0 BUSINESS SUPPORT SERVI 541900 660000 660000 MEMBERSHIP DUES 541900 142237 142237 COMMUNITY EVENTS 541900 37000 37000 NETWORKING SERVICES 541900 11995 11995 851232 82040 152838 -70798 -70798 PMG - MANAGEMENT FEES 541610 12000 12000 ADVERTISING REVENUE 541800 9400 9400 21400 801834 851232 21400 -70798 102609 140727 5554 73896 18222 7750 88120 31615 66319 32814 9462 191506 7628 7080 783302 131020 147225 26904 24985 1756 2267 98638 82625 18998 16013 178678 190490 59811 57883 84301 79429 4597 4677 148709 141989 X 29969 48501 29969 48501 178678 190490 18532 0 X 0 1 X 1 0 98638 82625 16013 16013 FUNDS HELD FOR BUSINESS NETWORKS 4677 4677 X 958201 3529 152838 156367 801834 0 801834 939669 3529 152838 156367 783302 0 783302 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS NOT CURRENTLY UNDER EXAMINATION FOR ANY TAX PERIODS. THE ASSOCIATION, BY EXPIRATION OF THE STATUTE OF LIMITATIONS, IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR THE FISCAL YEARS ENDING DECEMBER 31, 2019 OR EARLIER. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED WITH FUNDRAISING EVENTS INCOME. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES NETTED WITH FUNDRAISING EVENTS INCOME. ANNUAL DINNER 82040 0 82040 152838 82040 82040 152838 152838 -70798 FORM 990, PART VI, SECTION A, LINE 6 COMPANIES OR INDIVIDUALS CAN APPLY FOR MEMBERSHIP. AFTER SUBMITTING AN APPLICATION, ENTITIES ARE PRESENTED TO THE BOARD FOR APPROVAL OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE MAILED A BALLOT ANNUALLY THAT LISTS PERSONS RUNNING FOR A POSITION ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B MARK PRINCE, CURRENT PRESIDENT & CEO OF THE ASSOCIATION, WILL REVIEW THE FORM 990 FOR ACCURACY AND COMPLETENESS PRIOR TO THE FILING OF THE RETURN. UNIQUE ITEMS IN ANY TAX YEAR ARE SHARED WITH THE EXECUTIVE COMMITTEE AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ATTEND AN ANNUAL MEETING WHERE THE COMPANY ATTORNEYS REVIEW BOARD MEMBER RESPONSIBILITIES AND WHAT MAY BE CONSIDERED POTENTIAL CONFLICTS OF INTEREST. ANNUALLY THE BOARD OF DIRECTORS ARE ASKED TO FILL OUT A CONFLICT OF INTEREST QUESTIONNAIRE. IN ADDITION, THE PRESIDENT AND CFO MONITOR ANY POTENTIAL TRANSACTIONS WITH BOARD MEMBERS FOR POSSIBLE CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15A PERIODICALLY DATA IS GATHERED ON COMPENSATION OF OTHER LIKE POSITIONS IN SIMILAR ORGANIZATIONS. ALL COMPENSATION AMOUNTS ARE APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. PART VII, SECTION A, LINE 1, COLUMNS E & F REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS FOR MARK PRINCE, CURRENT PRESIDENT & CEO, HAS NOT BEEN INCLUDED ON THIS SCHEDULE. IN ORDER TO COMPLY WITH FORM 990 FILING REQUIREMENTS, THIS INFORMATION IS AVAILABLE UPON REQUEST. FIRSTPOINT INC PO BOX 26140 GREENSBORO NC 27402 562184135 CREDIT REPORTING NC C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 FIRSTPOINT INC C 660000 CASH