2025-09-25T14:11:10-05:00 2023-12-31 994625061 CRI ADVISORS PLLC 7025 ALBERT PICK RD STE 300 GREENSBORO NC 27409 990 2023-01-01 560473292 BUSINESS HIGH POINT INC BUSI 3368825000 P O BOX 5025 HIGH POINT NC 27262 RACHEL COLLINS CEO 3368825000 2025-09-22 1 0 LISA POPLIN P00067260 3362729777 2025-09-22 X 2023 2025-03-06 01:10:19Z X RACHEL COLLINS P O BOX 5025 HIGH POINT NC 27262 1887919 0 X BHPCHAMBER.ORG X 1908 NC BUSINESS HIGH POINT IS TO BE THE CHAMPION OF FREE ENTERPRISE FOR HIGH POINT AND THE TRIAD REGION. BHP WANTS TO ASSIST ALL OF OUR MEMBERS AND THE COMMUNITY AT LARGE TO PROSPER AND ADVANCE BY PROVIDING SERVICE TO SUPPORT AND FOSTER AN ENVIRONMENT IN WHICH THE COMMUNITY CAN THRIVE. BHP STRIVES TO CONTINUOUSLY BE INFORMED AND KEEP MEMBERS INFORMED OF THE ISSUES THAT EFFECT BUSINESS TODAY. WE OFFER ACCESS TO EXPERT ADVICE THROUGH FORUMS AND SEMINARS, AS WELL AS ASSISTANCE CONNECTING MEMBERS TO EXPERTS THROUGH OUR MEMBERSHIP NETWORK. 30 29 0 0 0 0 4466839 928919 597343 885652 11923 69326 171887 4022 5247992 1887919 0 0 0 0 741828 774039 0 0 0 728958 1235351 1470786 2009390 3777206 -121471 4151194 3909270 977714 3769709 3173480 139561 X BUSINESS HIGH POINT, INC. IS DEDICATED TO ENCOURAGING ECONOMIC GROWTH IN THE PIEDMONT TRIAD REGION OF NORTH CAROLINA. IT IS AN ADVOCATE FOR OUR MEMBERS AND OUR COMMUNITY ON BUSINESS-RELATED ISSUES AND PARTICIPATES IN INITIATIVES THAT POSITIVELY AFFECT THE QUALITY OF LIFE IN OUR COMMUNITY. THROUGH MEMBER FEEDBACK, BHP PROVIDES BENEFITS AND SERVICES TO HELP OUR MEMBERS REACH THEIR BUSINESS POTENTIAL AND OUR COMMUNITY TO REMAIN GLOBALLY COMPETITIVE. 0 0 BUSINESS HIGH POINT, INC. ENCOURAGES A POSITIVE BUSINESS ENVIRONMENT IN THE HIGH POINT AREA. IT SUPPORTS BUSINESS LEADERSHIP DEVELOPMENT. IT ALSO FOSTERS INTERACTION AMONG VARIOUS MEMBERS OF THE BUSINESS COMMUNITY THROUGH GROUP FORUMS, PROFESSIONAL DEVELOPMENT AND VARIOUS PROGRAMS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X RACHEL COLLINS 3368825000 P O BOX 5025 HIGH POINT NC 27262 DARLENE LEONARD TREASURER/DIRECTOR 2.00 X X 0 0 0 AMY SMITH DIRECTOR 1.00 X 0 0 0 DR JIM HOESTRA DIRECTOR 1.00 X 0 0 0 SCOTT TILLEY DIRECTOR 1.00 X 0 0 0 TAMMY NAGEM DIRECTOR 1.00 X 0 0 0 LENNY PETERS DIRECTOR 1.00 X 0 0 0 DAVID RAMSEY SECRETARY 2.00 X X 0 0 0 EARL CONGDON DIRECTOR 1.00 X 0 0 0 DAVID COVINGTON DIRECTOR 1.00 X 0 0 0 MELODY BURNETT DIRECTOR 1.00 X 0 0 0 ALAN SCHEPPMANN DIRECTOR 1.00 X 0 0 0 CHRIS DUNBAR DIRECTOR 1.00 X 0 0 0 CHRIS BRYAN DIRECTOR 1.00 X 0 0 0 ASHLEY DAVIS WILLIAMS DIRECTOR 1.00 X 0 0 0 CHAD FRYE DIRECTOR 1.00 X 0 0 0 IV CULP DIRECTOR 1.00 X 0 0 0 MAURICE HULL DIRECTOR 1.00 X 0 0 0 BARRY KITLEY DIRECTOR 1.00 X 0 0 0 DENO ADKINS DIRECTOR 1.00 X 0 0 0 DAVID MILLER DIRECTOR 1.00 X 0 0 0 MARK NORCROSS DIRECTOR 1.00 X 0 0 0 MARK PRINCE DIRECTOR 1.00 X 0 0 0 JULIE MESSNER DIRECTOR 1.00 X 0 0 0 ROBERT ROGERS DIRECTOR 1.00 X 0 0 0 ANTHONY CLARKE DIRECTOR 1.00 X 0 0 0 REV FRANK THOMAS DIRECTOR 1.00 X 0 0 0 GREG YORK CHAIRMAN 5.00 X X 0 0 0 JAY WAGNER DIRECTOR 1.00 X 0 0 0 ALEX MOORE DIRECTOR 1.00 X 0 0 0 RACHEL COLLINS PRESIDENT & CEO 40.00 X 173167 0 10271 173167 0 10271 1 0 1 0 0 679303 249616 928919 MEMBERSHIP 561499 683614 683614 LEADERSHIP HIGH POINT 561499 55023 55023 MEMBERSHIP AWARD 561499 41661 41661 MEMBER GOLF TOURNAMENT 561499 38135 38135 STATE OF THE CITY 561499 29712 29712 37507 37507 885652 69326 69326 OTHER INCOME 561499 4022 4022 4022 1887919 889674 0 69326 173167 488724 68129 44019 143167 32353 13222 39794 86240 12856 45189 10220 GENERATOR GRANT 481008 CAPACITY GRANT 198925 WORKFORCE GRANT 116615 ADMINISTRATIVE EXPENSES 20214 35548 2009390 3212409 231506 2434302 145839 223348 217468 10000 1064949 48955 569598 1015994 4151194 3909270 977714 127235 2204910 0 1437564 977714 3769709 X -286512 139561 3459992 0 3173480 139561 4151194 3909270 -121471 -2912448 0 X 0 1 X 1 1 1 1 1 0 382841 29903 352938 190523 19052 171471 491585 491585 1015994 DUE TO HIGH POINT CHAMBER FOUNDATION 928119 OPERATING LEASE LIABILITY 509445 1437564 X 1887919 0 1887919 0 1887919 2009390 0 2009390 0 2009390 PART X, LINE 2: INCOME TAXES: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ("IRC") AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. INCOME GENERATED BY ACTIVITIES THAT WOULD BE CONSIDERED UNRELATED TO THE ORGANIZATION'S MISSION WOULD BE SUBJECT TO TAX WHICH, IF INCURRED, WOULD BE RECOGNIZED AS A CURRENT EXPENSE. NO SUCH TAX HAS BEEN RECOGNIZED. THE ORGANIZATION EVALUATES ALL SIGNIFICANT TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740-10, INCOME TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE WERE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2020. X X X 0 0 0 RACHEL COLLINS PRESIDENT & CEO 161167 0 12000 0 0 0 0 0 10271 0 183438 0 0 0 FORM 990, PART VI BUSINESS HIGH POINT CHANGED TO THE ACCRUAL BASIS OF ACCOUNTING FOR THE CURRENT YEAR. THE PRIOR YEAR TAX RETURN INCLUDED $2,912,448 IN INCOME FROM GRANTS, THAT UNDER THE ACCRUAL METHOD, WOULD HAVE BEEN DEFERRED INCOME. THE CURRENT YEAR STATE SINGLE AUDIT REPORT RESTATED THIS INCOME AS A DEFERRED LIABILITY. WE HAVE CHANGED TO AGREE THE ACCOUNTING METHOD WITH THE AUDITED FINANCIAL STATEMENTS GOING FORWARD. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND TREASURER PROVIDE THE GOVERNING BODY WITH A COPY OF FORM 990 BY E-MAIL OR AT A MEETING PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C BEFORE AN EMPLOYEE ACCEPTS SECONDARY EMPLOYMENT OR CONTRACT WORK OUTSIDE THE CHAMBER, THEY MUST HAVE THE PRESIDENT'S APPROVAL. EMPLOYEES WHO ARE EXPOSED TO CONFIDENTIAL INFORMATION MAY BE REQUIRED TO SIGN A NONDISCLOSURE AGREEMENT AS A CONDITION OF EMPLOYMENT. THE COMPLETE STATMENT OF CONFLICT OF INTEREST IS IN THE EMPLOYEE MANUAL. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE BOARD DETERMINES THE PRESIDENT/CEO'S SALARY. THE BOARD OF DIRECTORS APPROVES THE BUDGET WHICH INCLUDES A TOTAL AMOUNT OF COMPENSATION. THE PRESIDENT/CEO THEN DETERMINES THE SALARIES OF THE OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 BUSINESS HIGH POINT'S FORM 990 WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 BUSINESS HIGH POINT WILL MAKE AUDITED FINANCIAL STATEMENTS , CONFLICT OF INTEREST POLICY AND ITS GOVERNING DOCUMENTS AVAILABLE TO ITS MEMBERS UPON REQUEST. HURRICANE HELENE - FMA - DR- 4827- NC