Prattville Area Chamber of Commerce 990 2007

8/8/2019 Prattville Area Chamber of Commerce 990 2007

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Return of Organization Exempt From Income Tax O M B N o 1545-0047F o : '990 Under s e c t i o n 5 0 1 ( c ) , 527 , o r 4947 ( a ) ( 1 ) o f t h e I n te r na l Revenue Code ( e x c e p t b l a c k l u n g 2006Department of the Treasury b e n e f i t t r u s t o r p r iv a t e f o u n d a t i o n ) Open t o P u b l i cInternal Revenue Service ^ The o r g a n i z a t i o n ma y h a v e t o u s e a c o p y o f t h i s r e t u r n t o s a t i s f y s t a t e r e p o r t i n g r e q u i r e m e n t s . I n s p e c t i o nA F o r t h e 2006 c a l e n d a r y e a r , o r t a x y e a r b e g i n n i n g OCT 1 2006 a n d e n d i n g SEP 30, 2007B Check i f Please C Name o f o r g a n i z a t i o n D Employer i d e n t i f i c a t i o n numberapplicable use I RSs s lab e l ordhandrge Pont or PRATTVILLE AREA CHAMBER OF COMMERCE 63-0647596[ : : ] c h ange t S e e Number and s t r e e t ( o r P . 0 bo x i f m a i l i s n o t d e l i v e r e d t o s t r e e t a d d r e s s ) Room/ s u i t e E Telephone numberE:Ir"etuturn Specific 131 N. COURT STREET 334-365-7392e

Final Instruc--'return bons city or town , s ta t e o r c o u n t r y , a n d Z I P + 4 F A c c o u n t i n g m e t h o das hOc c rLJr=etum d RATTVILLE AL 36067 i s e c ^ ^aA L i o n S e c t i o n 5 0 1 ( c ) ( 3 ) o r g a n i z a t i o n s and 4947 ( a ) ( 1 ) nonexempt c h a r i t a b l e t r u s t s H and I a r e not a p p l i c a b l e t o s e c t i o n 5 2 7 o r g a n i z a t i o n smust a t t a c h a completed Schedule A (Form 990 o r 990 - E Z ) H ( a ) I s t h i s a g r o u p r e t u r n f o r a f f i l i a t e s =Yes N

G W e b s i t e : j o , PRATTVILLECHAMBER.COM H ( b ) I f " Y e s , " e n t e r number o f a f f i l i a t e s ' N/AJ O r g a n i z a t i o n t y p e ( c h e c k o n l y o n e )'0 1 ( c ) ( 6 4 o n s e r t n o )L9 4 7 (a)(1)orL 527 H ( c ) A r e a l l a f f i l i a t e s i n c l u d e d 9 N/A [=Yes =NK Check h e r e ^0f t h e o r g a n i z a t i o n i s n o t a 5 0 9 ( a ) ( 3 ) s u p p o r t i n g o r g a n i z a t i o n a n d i t s g r o s s ( I f " N o , ' a t t a c h a l i s t . )H ( d ) I s t h i s a s e p a r a t e r e t u r n f i l e d b y a n o r -

r e ce ip ts a r e n o r m a l l y n o t more t h a n $ 2 5 , 0 0 0 . A r e t u r n i s n o t r e q u i r e d , b u t i f t h e o r g a n i z a t i o n g a n i z a t i o n c o v e r e d b y a g r o u p r u l i n g ? =Yes Nc h o o s e s t o f i l e a r e t u r n , b e s u r e t o f i l e a c o m p l e t e r e t u r n . I G r o u p Exem p t i o n Number N/ A

M Check ^0f t h e o r g a n i z a t i o n i s not r e q u i r e d t o a t tL G r o s s r e c e i p t s : Ad d l i n e s 6 b , 8 b , 9 b , a n d 1 0 b t o l i n e 1 2 ^ 955 , 602. S c h . B ( F o r m 9 9 0 , 9 9 0 - E Z , o r 9 9 0 - P F ) .Part I Revenue . Expenses . and Chances i n N et A ss ets or Fund Balances

1 C o n t r i b u t i o n s , g i f t s , g r a n t s , and s i m i l a r amounts r e c e i v e d :a C o n t r i b u t i o n s t o d o n o r a d v i s e d f u n d s i sb D ir e c t p u b li c s u p p o r t ( n o t i n c l u d e d o n l i n e 1 a ) l b 429 , 951.c I n d i r e c t p u b l i c s u p p o r t ( n o t i n c l u d e d o n l i n e 1 a ) 1 cd Government c o nt r i bu t io n s ( g r a nt s ) ( n o t i n c l u d e d o n l i n e 1 a ) l d 353 , 000.e T o t a l ( a d d l i n e s l a t h r o u g h 1 d ) ( c a s h $ 7 8 2 , 9 51 . n o n c a s h $ ) l e 782 , 951

2 Program s e r v i c e r e v e n u e i n c l u d i n g government f e e s a n d c o n t r a c t s ( f r o m P a r t V I I , l i n e 9 3 ) 23 Membership d u e s a n d assessments 3 167 , 2704 I n t e r e s t o n s a v i n g s a n d t e m p o r a r y c a s h i n v e s t m e n t s 4 5 , 3815 D i v i d e n d s a n d i n t e r e s t f r o m s e c u r i t i e s 56 a G r o s s r e n t s 6 a

b L e s s : r e n t a l e x p e n s e s 6 bc N e t r e n t a l i n c o m e o r ( l o s s ) S u b t r a c t l i n e 6 b f r o m l i n e 6 a 6 c

c ' 7 O t h e r i n v e s t m e n t income ( d e s c r i b e ^ 7s 8 a G r o s s amount f r o m s a l e s o f a s s e t s o t h e r ( A ) S e c u r i t i e s ( B ) O t h e rt h a n i n v e n t o r y / 8 a

b L e s s : c o s t o r o t h e r b a s l s and s a l e s e x p e n s e s 8 bc G a i n o r ( l o ss ) ( a t ta c h s c h e d u l e ) 8 cd N et g a i n o r ( l o s s ) . Combine l i n e 8 c , columns ( A ) a n d ( B ) 8 d

9 S p e c i a l e v e n t s a n d a c t i v i t i e s ( a t t a c h s c h e d u l e ) . I f a n y amount i s f r o m gaming , c h e c k h e r e ^8 G r o s s r e v e n u e ( n o t i n c l ud i n g $ o f c o n t r i b u t i o n s r e p o r t e d o n l i n e 1 b ) 9ab L e s s : d i r e c t e x p e n s e s o t h e r t h a n f u nd r a i s in g e x p e n s e s 9 bc N e t income o r ( l o ss ) f r o m s p e c i a l e v e n t s . S u b t r a c t l i n e 9 b f r o m l i n e 9 a 9 c

1 0 a G r o s s s a l e s o f i n v e n t o r y , l e s s r e t u r n s a n d a l l o w a n c e s 1 0 ab L e ss : c o st o f goods s o l d 1 0 bc G r o s s p r o f i t o r ( l o s s ) f r o m s a l e s o f i n v e n t o r y ( a t t a c h s c h e d u l e ) . S u b t r a c t l i n e 1 0 b f r o m l i n e 1 0 a 1 0 c

1 1 O t h e r r e v e n u e ( f r o m P a r t V I I , l i n e 1 0 3 ) 1 11 2 T o t a l r e v e n u e . Ad d l i n e s l e 2 3 4 5 6 c 7 8 d 9 c 1 0 c a n d 1 1 1 2 955 6021 3 Program s e r v i c e s ( f r o m l i n e 4 4 , column ( B) ) 1 3 5 8 8 , 4 7 71 4 Management a n d g e n e r a l ( f r o m l i n e 4 4 , column ( C ) ) 1 4 295 2411 5 F u n d r a i s i n g ( f r o m l i n e 4 4 , column ( D ) ) N F E B 2 2 2 0 0 8 1 5 15C L 1 6 Payments t o a f f i l i a t e s ( a t t a c h s c h e d u l e ) ( % ) 1 61 7 T o t a l e x p e n s e s . Ad d l i n e s 1 6 a n d 4 4 , column ( A ) 1 7 979 2741 8 E x c e s s o r ( d e f i c i t ) f o r t h e y e a r . S u b t r a c t l i n e 1 7 f r o m l i n e 1 2 ^^T 1 8


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Form 99 0 ( 2 0 0 6 ) PRATTVILLE AREA CHAMBER OF COMMERCE 63-0647596 Pa gPart I I Statement of A l l o r g a n i z a t i o n s must c o m p l e t e column (A ) Columns ( B ) , ( C ) , a n d ( D ) a r e r e q u i r e d f o r s e c t i o n 5 0 1 ( c ) ( 3 )

Functional Expenses a n d ( 4 ) o r g a n i z a t i o n s a n d s e c t i o n 4 9 4 7 ( a ) ( 1 ) nonexempt c h a r i t a b l e t r u s t s b u t o p t i o n a l f o r o t h e r s .Do not i n c l u d e amounts reported on l i n e

6 b , 8 b , 9 b , 1 0 b , o r 1 6 o f P a r t I . (A ) T o t a l( B ) Program

s e r v i c e s( C ) Management

a n d g e n e r a l ( D ) F u n d r a i s i n g

22a Grants paid from donor advised funds(attach schedule)(cash $ 0 noncash $ 0.1I f t h i s amount i n c l u d e s f o r e i gn g r a n t s, check here I N - El 28

22b Other grants and a l l o c at i on s ( at t a c h schedule(c as h $ 0 . noncash $ 0.I f t h i s amount includes f o r e i gn g r a n t s , check here []22b

2 3 Specific assistance to individuals (attachs c h e d u l e ) 23

2 4 Benefits paid to or f o r members (attachs c h e d u l e ) 24

2 5 a Compensation o f c u r r e n t o f f i c e r s , d i r e c t o r s , k e ye m p l o y e e s , e t c . l i s t e d i n P a r t V-A STMT 2 2 5 a 149 , 775. 86 , 008. 63 , 767.

b Compensation o f f o r m e r o f f i c e r s , d i r e c t o r s , k e ye m p l o y e e s , e t c . l i s t e d i n P a r t V - B 25b 0. 0. 0.

c Compensation and o t h e r d i s t r i b u t i o n s , n o t i n c l u d e da b o v e , t o d i s q u a l i f i e d p e r s o n s (a s d e f i n e d u n d e rs e c t i o n 4 9 5 8 (f ) (1 ) ) a n d p e r s o n s d e s c r i b e d i ns e c t i o n 4 9 5 8 ( c ) ( 3 ) ( B ) 5 c

2 6 S a l a r i e s an d wages o f employees notincluded on l i n e s 2 5 a , b , an d c 2 6 131 , 025. 41 , 475. 89 , 550.

2 7 Pension p l an c on t rib u t io ns n ot i n c l u d e d onl i n e s 25a, b , and c 27

2 8 Employee b e n e f i t s not inc l u de d on l i n e s25a-27 2 8 20 , 586. 8 , 022. 12 , 564.

29 Payroll taxes 2 9 19 , 734. 9 , 884. 9 , 850.3 0 P r o f e s s i o n a l f u n d r a i s i n g f e e s 3 03 1 Accounting f e e s 3 1 1 716. 1 716 .3 2 L e g a l f e es 3 23 3 Supplies 3 3 18 , 654. 3 , 947. 14 , 692. 153 4 T e l e p h o n e 3 4 10 , 342. 8 052. 2 2 90.3 5 Postage an d shipping 3 5 5 , 500. 4 , 400. 1 100.3 6 O c c u p a n c y 3 6 84 , 310. 42 , 155. 4 2 , 155.3 7 Equipment r e n t a l an d maintenance 3 73 8 Printing and publications 3 8 12 , 510. 5 , 026. 7 484.3 9 T r a v e l 3 9 17 , 666. 10 , 653. 7 013.4 0 Conferences, conventions, an d meetings 4 0 196 , 775. 196 , 775.4 1 I n t e r e s t 4 1 7 , 327. 2 052. 5 , 275.4 2 D e p r e c i a t i o n , d ep l e t i o n , e t c ( a t t a c h s c h e d u l e ) 4 2 95 , 541.4 3

aOther e x p e n s e s n o t covered above ( i t e m i z e )

4 3 ab 4 3 bc 4 3 cd 43 de 4 3 ef 4 3 fg SEE STATEMENT 1 4 3 207 813. 170 028. 3 7 785.

4 4 T o t a l f u n c t i o n a l expenses A d d l i n e s 2 2 a t h r o u g h4 3 g . ( O r g a n i z a t i o n s c o m p l e t i n g columns ( B ) - ( D ) ,c a r r y t h e s e t o t a l s t o l i n e s 1 3 - 1 5 ) 4 4 979 , 274. 588 , 477. 295 , 241. 15

Joint Costs . Check P i l o -Qf you are following SOP 98-2A r e a n y j o i n t c o s t s f r o m a combined e d u c a t i o n a l campaign a n d f u n d r a i s i n g s o l i c i t a t i o n r e p o r t e d i n ( B ) Program s e r v i c e s ' ? 1Ues Noi f ' Y e s , e n t e r ( i ) t h e a g g r e g a t e amount o f t h e s e j o i n t c o s t s $ N/A ; ( i i ) t h e amount a l l o c a t e d t o Program s e r v i c e s $ N/A( i i i ) t h e amount a l l o c a t e d t o Management a n d g e n e r a l $ N/A a n d ( I v ) t h e amount a l l o c a t e d t o F u n d r a i s i n g $ N/A0 1 - 2 3 0 7 Form 990 ( 2 0


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Form 990 ( 2 0 0 6 ) PRATTVILLE AREA CHAMBER OF COMMERCE 63-0647596 Pa g eP a r t I I I Statement of Program Service Accomplishments ( S e e t h e i n s t r u c t i o n s . )Form 990 i s available f o r public inspection and, f o r some people, serves a s th e primary o r s ol e s ou rce of information a b o u t a particular organizationHow th e public perceives a n organization i n such c a ses may b e d et er m in ed b y th e information presented on i t s return Therefore, please make surer e t u r n i s c om p l et e a n d accurate a nd f u l l y d e s c r i b e s , i n P a r t I I I , t h e o r g a n i z a t i o n ' s p r og r am s a n d accomplishmentsWhat i s the o r g a n i z a t i o n ' s primary exempt purpose? ^PUBLIC RELATIONS & ECONOMIC DEVELOPMENT

Program S e r v i c eExpenses

A l l organizations must describe t h e i r exempt purpose achievements i n a clear and concise manner S ta t e t he number o fc l i e n t s s e r v e d , p u b l i c a t i o n s i s s u e d , e t c Discuss achievements t h a t a r e n o t measurable ( S e c t i o n 5 0 1 ( c ) ( 3 ) and ( 4 )organizations and 4947(a)(1) nonexempt charitable trusts must also e nter t h e amount of grants and allocations to others)

(Required fo r 501(c)(3an d ( 4) o r gs . , and

4947(a)(1) t r u s t s ; b u to p t i o n a l fo r o t h e r s . )

a PUBLIC RELATIONS & ECONOMIC DEVELOPMENT OF CITY &SURROUNDING COUNTIES

( Grants and allocations $ I f t h i s amount includes f o r e i g n g rants , check here ^ E1 588 , 477b

Grants and allocations $ I f t h i s amount includes f o r e i g n rants check here ^ ElC

Grants and allocations $ I f t h i s amount includes f o r e i g n rants check here ^d

Grants and allocations $ I f t h i s amount includes f o r e i g n rants check here ^0e Other program services (attach schedule)

Grants and allocations $ I f t h i s amount includes f o r e i g n r a n t s , check here ^f Total of Program Service Expenses (should equal l i n e 44 , column ( B ) , Program services) ^ 588,477

F o r m 990 (200

62302101-18-07


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Form 990 ( 2 0 0 6 ) PRATTVILLE AREA CHAMBER OF COMMERCE 63-0647596 Pa g eP a rt I V Balance Sheets ( S e e t h e i n s t r u c t i o n s )Note : Where r e q u i r e d , attached schedules a nd am ounts w i t h i n t h e descnption col u mn ( A ) ( B )

should be f o r end-of-year a mounts o n l y B e g i n n i n g o f y e a r End o f y e a r

4 5 Cash - n o n - i n t e r e s t - b e a r i n g 65 , 104. 4 5 44 , 8444 6 Savings and t em p o r ar y c a sh investments 136 , 485. 4 6 212 , 8294 7 a Accounts r e c e i v a b l e 47 a

b Less allowance f o r d o u b t f u l accounts 4 7 b 4 7 c

4 8 a Pledges r e c e i v a b l e 4 8 ab Less a l l o w an c e f o r doubtful a c c o unt s 48b 48c

4 9 Grants r e c e i v a b l e 4 95 0 a Receivables from c u r r e n t a nd former o f f i c e r s , d i r e c t o r s , t r u s t e e s , a nd

key employees 50ab R e ce i va b le s f r o m other disqualified p er so ns (a s defined under secti on

4 9 5 8 ( f ) ( 1 ) ) and p er so ns described i n secti on 4958(c)(3 ( B ) 50 b5 1 a Other notes and loans r e c e i v a b l e 51a

b L e s s : a l l o w a n c e f o r d o u b t f u l a c c o u n t s 51b 5 1 c52 Inventories f o r s al e o r u s e 525 3 Prepaid expenses a nd d e f e r r e d charges 5 3 1 , 5075 4 a Investments - p u b li c l y -t r a d e d s e c u r i t i es ^ C o s t F MV 5 4 a

b Investments - other s e c u r i t i e s ^0o s t 0MV 5 4 b5 5 a Investments - l a n d , b u i l d i n g s , a nd

equipment b a s i s 55a

b Less accumulated d e p r e c i a t i o n 55b 5 5 c5 6 Investments - other 5 65 7 a Land, b u i l d i n g s , and equipment: b a s i s 57 a 1 , 801 , 709.

b Less accumulated d e p r e c i a t i o n 5 7 b 166 , 460. 1 , 730 , 790. 5 7 c 1 , 635 , 2495 8 O t h e r a s s e t s , i n c l u d i n g p r o g r a m -r e l a t e d i n v e s t m e n t s

( d e s c r i b e ^ ) 5 859 Total a sset s must e q ua l l i n e 7 4 Add l i n e s 45 throu g h 58 1,932,379. 5 9 1 , 89 4 , 4296 0 Accounts payable and accrued expenses 5 , 753. 6 0 6 , 4756 1 G r ant s p a y abl e 6 16 2 Deferred revenue 7 , 000. 6 2 5 , 3996 3 Loans from o f f i c e r s , d i r e c t o r s , t r u s t e e s , and key employees 6 364 a T a x - exem p t bond l i a b i l i t i e s 64 a

b M or t ga g es a n d other notes p a y abl e 1 , 127 , 272. 64b 1 , 113 , 8736 5 O t h e r l i a b i l i t i e s ( d e s c r i b e ^ ) 6 5

66 Total l i a b i l i t i e s . Add l i n e s 60 throu g h 65 1 , 140 , 025. 66 1 , 125 , 747O r ganiza t i o ns that f o l l o w SFAS 117, check here^ and c o m p let e l i n e s

67 through 69 a nd l i n e s 7 3 and 7 46 7 U n r e s t r i c t e d 6 7

m 6 8 Temporarily r e s t r i c t e d 6 8M 69 Permanently r e s t r i c t e d 6 9C O r ganiza t i o ns that do no t f o l l o w SFAS 117, check here ^ andL L c o m p l e t e l i n e s 70 th r o u g h 7 4 7 0 C a p i t a l s t o c k , t r u s t p r i n c i p a l , o r c u r r e n t funds 0. 7 0

7 1 P a i d - i n o r c a pi t a l s u r p l u s , o r l a n d , b u il di n g , and equipment fund 0. 7 1a 7 2 Retained earnings, endowment, a c c u m u l a t e d income, or other f u n d s 792 , 354. 7 2 7 68 , 682Z 7 3 T o t a l n e t a s s e t s o r f u n d b a l a n c e s Ad d l i n e s 6 7 t h r o u g h 6 9 o r l i n e s 7 0 t h r o u g h 72 .

(Column ( A ) must e q u a l l i n e 1 9 a n d column ( B ) must e q u a l l i n e 2 1 ) 792 , 354. 7 3 768 , 6827 4 Total l i a b i l i t i e s and net assets / fund balances . Ad d l i n e s 6 6 a n d 7 3 1 9 3 2 3 7 9. 7 4 1 89 4 , 429

Form 990 ( 2 0

62303101-20-07


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Form 990 ( 2 0 0 6 ) PRATTVILLE AREA CHAMBER OF COMMERCE 63-0647596 Pa g eP a r t I V -A Reconciliation of Revenue pe r Audited Financial Statements With Revenue pe r Return ( S e e t h e

i n s t r u c t i o n s )a T o t a l revenue, g a i n s , and other support per audited f i n a n c i a l statements a N / Ab Amounts included on l i n e a bu t no t o n Part I , l i n e 12 .

1 Ne t u n r e a l i z e d gains on investments b 12 Donated s e r v i c e s and us e o f f a c i l i t i e s b 23 Recoveries o f p r i o r year g r a n t s b 34 Other ( s p e c i f y ) b 4

Add l i n e s b1 through b4 bc Subtract l i n e b from l i n e ad Amounts included on Part I , l i n e 12 , but no t o n l i n e a :

1 Investment expenses n o t i n c l u d e d on P a r t I , l i n e 6b d 12 Other ( s p e c i f y ) d 2

Add l i n e s d1 and d2 de Total revenue ( Part I l i n e 1 2 ) Add l i n e s c and d ePart IV-B Reconciliation o f Expenses per Audited Financial Statements With Expenses per Returna Total expenses and losses per audited f i n a n c i a l statements a N/ Ab Amounts included o n l i n e a bu t no t o n Part I , l i n e 1 7

1 Donated s e r v i c e s and us e o f f a c i l i t i e s b 12 P r i o r year adjustments r e p o r t e d on P a r t I , l i n e 2 0 b 23 Losses r e p o r t e d on P a r t I , l i n e 20 b 34 Other ( s p e c i f y ) b 4

Add l i n e s b1 through b4 bc Subtract l i n e b from l i n e a cd Amounts included o n Part I , l i n e 17 , b ut n ot o n l i n e a :

1 Investment expenses n o t i n c l u d e d on P a r t I , l i n e 6b d 12 Other ( s p e c i f y ) d 2

Add l i n e s dl and d2 de Total ex penses ( Part I l i n e 1 7 ) Add l i n e s c and d ePart V-A Current Officers, Directors, Trustees, and Key Employees ( L i s t e a c h p e r s o n wh o wa s a n o f f i c e r , d i r e c t o r , t r u s t e e ,

o r k e y employee a t a n y t i me d u r i n g t h e y e a r e v e n i f t h e y w e r e n o t compensated ) ( S e e t h e i n s t r u c t i o n s )( A ) N a m e a n d a dd r e s s ( B ) T i t l e and average hoursp e r week devoted t o

p o s i t i o n( C ) Compensation( I f n o t p a i d , e n t e r

-o-.

(D) contributions toa ployee benefitplans 8 deferred

compensation plans

( E ) E x p e n s ea c c o u n t a n do t h e r a l l o w a n---------------------------------- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -SEE STATEMENT 3 1 49 775 . 7 , 041 . 0------------------------------------------------------------------

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Form 990 ( 2 0 0623041 01-18-07


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Form 990 ( 2 0 0 6 ) PRATTVI LLE AREA CHAMBER OF COMMERCE 63-0647596 PagePart V-A Current O f f i c e r s , Directors , Trustees , a nd Ke y Employees ( c o n t i n u e d ) Ye s N7 5 a Enter th e t o t a l numbe r o f o f f ic e rs , d i r e c t o r s , and t r u s t e e s p e r m i t t e d t o v o t e o n o r g a n i z a t i o n business a t board

m e e t i n g s ^ 21b Ar e any o f f i c e r s , directors, t r us te e s, o r ke y employees l i s t e d i n Form 9 9 0 , Part V-A, o r hi ghes t compensated employees

l i s t e d i n Schedule A , P a r t I , o r highest c o mpe n s a t e d p r o f e s s i o n a l and o t h e r independent c o n t r a c t o r s l i s t e d i n Schedule A ,Part I I - A or I I - B , related to each o t h e r t h r o u g h family or business relationships? I f "Yes," attac h a s t a t e m e n t th a t i d e n t i f i e st h e i n d i v i d u a l s and e x p l a i n s th e r e l a t i o n s h i p ( s ) 75b X

c D o a ny o f f i c e r s , d i r e c t o r s , t r u s t e e s , o r ke y employees l i s t e d i n F o r m 9 9 0 , P a r t V - A , o r h i g h e s t c o mpe n s a t e d employeesl i s t e d in S c h edule A, Part I , or h i g h e s t compensated professional a n d o t h e r i ndepe nde n t c ontr ac to r s l i s t e d in Schedule A,Part I I - A or I I - B , receive compensation f r o m a ny o t h e r organizations, w h e t h e r tax exempt or tax able, th a t ar e related to t h eo r ganizati on? See t he instructions f o r t h e d e f i n i t i o n o f " re la t ed organization " 7 5 c XI f "Yes," attac h a s t a t e m e n t that includes t h e information described i n t h e instructions.

d Does t h e or g anization h a v e a written c o nf l ic t o f interest p o l i c y ? 7 5 d XP a r t V-B Former O f f i c e r s , D i r e c t o r s , Trustees , and Key Employees That Received Compensation o r Other

Benefits ( I f a ny former o f f i c e r , d i re c t or , t r u st e e , o r ke y employee r e c e i v e d compensation o r o t h e r b e n e f i t s ( d e s c r i b e d below) d u r i n gt h e y e a r , l i s t t h a t person below and e n t e r t h e a mount o f compensation o r other b e n e f i t s i n t h e appropriate c olumn S e e t h e I n s t ru c t i o ns

( A ) Nam e an d a d d r e s sNONE

( B ) Loans a n d Advances ( C )Compensation

( I f n o t p a i d ,e n t e r - 0 - )( D ) C o n t r i b u t i o n s t oemployee b e n e f i t

plans 8 d e f e r r e dcomp e n s a t i o n p l a n s

( E ) E x p e n s ea c c o u n t a n d

o t h e r a l l o w a n c------------------------------------------------------------------

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Part V I Ot he r Information ( s e e t h e i n s t r u c t i o n s . ) Ye s N7 6 D i d th e o r g a n i z a t i o n m ake a c h a n g e i n i t s a c t i v i t i e s o r m e t h o d s o f conducting a c t i v i t i e s ' ? I f " Y e s , " a t t a c h a d e t a i l e d

statement o f e a c h c h ange 7 6 X7 7 Were a ny changes made i n t he o r ganizing or g o v e r n i n g documents bu t no t r epor ted t o t h e IRS? 77 X

I f "Yes," a tt ac h a conformed copy of t h e changes78 a Did t h e o r ganizati on h a v e unrelated b us i n e ss g r o ss income of $1, 0 0 0 or more du ri ng t h e ye a r c o ve r ed b y t h i s return? 7 8a X

b I f "Yes , " h a s i t f i l e d a tax return o n Form 990-T f o r t h i s year? N/A 7 8 b7 9 Was t h e r e a liquidation , dissolution , ter m inati on , o r s ubs t a nt i al c o n t ra c t i o n d ur i n g t he ye ar ? I f "Yes," attac h a s t a t e m e n t 7 9 X80 a I s t h e organization related ( o t h e r t h a n by as s o c i ati on with a s tatewide or nationwide organization ) t h r o u g h common

membership g o v e r ni n g b o di e s , trustees, o f f i c e r s , etc , to a ny o ther exempt or nonexempt o r ganizati on? 8 0 a Xb I f "Yes," enter t he name o f th e o r g a n i z a t i o n ' N/A

and check w h e t h e r i t i s exempt o r0o n e x e mp t8 1 a Enter direct or i n d i r e c t p o l i t i c a l e x p en d i t u r e s . ( See l i n e 81 I ns t r uc t i on s ) 81 a 0.

b D id t h e or g anization f i l e Form 1120 - POL f o r t h i s ye a r ? 1 b XForm 990 ( 2 0

623161/01-18-07


7/14

Form 990 ( 2 0 0 6 ) PRATTVI LLE AREA CHAMBER OF COMMERCE 63-0647596 Pa g ePart V I Other information ( c o n t i n u e d ) Ye s N

8 2 a D i d t h e o r g a n i z a t i o n r e c e i v e dona ted s e r v i c e s o r t h e use o f m a t e r i a l s , equipment, o r f a c i l i t i e s a t no charge o r a t s u b s t a n t i a l l yless t h a n f a i r rental value? 82 a X

b I f "Yes," yo u may indicate the va lue o f these i t e m s here. Do n o t i nc l ud e t h i samount as re ve n u e i n Part I or a s a n expense i n Part II(See instructions i n Part I I I ) 82 b N/A

8 3 a D i d t h e o r g a n i z a t i o n c o m p ly w i t h t h e p u b l i c i n s p e c t i o n requirements f o r r e t u r n s a nd exemption a p p l i c a t i o n s ? 83 a Xb D i d t h e o r g a n i z a t i o n c o m p ly w i t h t h e d i s c l o s u r e requirements r e l a t i n g t o quid pr o q u o c o n t r i b u t i o n s ? 8 3 b X

84 a D id t h e o r ga n iz at i on s o l i c i t a n y contributions or g i f t s that were no t ta x deductible? 84 a Xb I f "Yes," di d t h e o r g an i za t io n i n cl u de wi t h every s o l i c i t a t i o n a n e xp r es s s ta t e me n t that such contributions or g i f t s were no t

t a x deductible? N/A 84b8 5 5 0 1 ( c ) ( 4 ) , ( 5 ) , o r ( 6 ) o r g a n i z a t i o n s a Were s u b s t a n t i a l l y a l l dues no nde duc t ible by m e m be rs? 85 a X

b D i d t h e o r g a n i z a t i o n m ake o n l y in-house lobbying expenditures o f $2,000 o r l e s s ' 85 b XI f "Yes" wa s answered t o e i t h e r 85 a o r 85b, do not complete 85 c through 85 h below unless the o r g a n i z a t i o n r e c e i v e d awaiver f o r proxy t a x owed f o r t h e p r i o r year

c Dues, assessments, and s i m i l a r amounts f r o m members 85 c N/Ad Section 1 6 2 ( e ) lobbying and p o l i t i c a l expenditures 85 d N/Ae Aggregate nondeductible a m o u n t o f s e c t i o n 6 0 3 3 ( e ) ( 1 ) ( A ) dues n o t i c e s 85 e N/Af Taxable a m o u n t o f lobbying a nd p o l i t i c a l expenditures ( l i n e 85 d l e s s 8 5 e ) 8 5 f N/Ag Does t h e o r g a n iz a t i o n elect to pay t he s ec t i o n 6 0 3 3 (e) ta x o n the amount o n l i n e 85f' N/A 85h I f section 6033(e)(1)(A) dues notices were sent, does t h e o r g an i za t i on a g re e to add the amount o n l i n e 85 f

t o i t s reasonable estimate o f dues a l l o c ab l e t o nondeductible l o b b y i n g and p o l i t i c a l expenditures f o r th ef o l l owi n g t a x year? N/A 85 h

86 501(c)(7) o r ga n iz at i on s E n te r a I n i t i a t i o n fees and capital contributions inc luded o nl i n e 12 86 a N/A

b Gross receipts, inc luded on l i n e 12 , f o r public u se o f club f a c i l i t i e s 86 b N/A8 7 5 0 1 ( c ) ( 1 2 ) o r g a n i z a t i o n s Enter a Gross income from m e m be rs o r shareholders 87a N/A

b Gross income from o t h e r sources (Do no t n e t a m o un t s d ue o r p a i d t o o t h e r sourcesa g a i n s t a m o u n t s du e o r received from them.) 87b N/A

8 8 a A t any t i m e d u r i n g the y e a r, d i d th e o r g a n i z a t i o n own a 50% o r g r e a t e r i n t e r e s t i n a t a x a b l e corporation o r p a r t n e r s h i p ,o r an e n t i t y disregarded as separ at e fr o m the o r g a n i z a t i o n under Regulations s e c t i o n s 3 01 7 70 1- 2 and 301 .7701 -3?I f "Yes," c o m p l e t e Part I X 88 a X

b At a n y time d ur in g t he year, di d the organization, d i r e c t l y or i n d i r e c t l y , own a c o nt r o l le d entity within the meaning o fsection 5 12(b)(13)? I f "Yes," c o m p l e t e Part X I ^ 88 b X

89 a 501(c)(3) o r ga n iz at i on s E n te r Amount of t ax imposed o n t h e o r g a ni z at i o n during the year u n d e rs e c t i o n N/A ; s e c t i o n 4912 ^ N/A ; s e c t i o n 4955 ^ N/Ab 5 0 1 ( c ) ( 3 ) an d 5 0 1 ( c ) ( 4 ) o r g a n i za t i o n s D i d the o r g a n i z a t i o n engage i n any s e c t i o n 49 58 excess b e n e f i t

t r a n s a c t i o n d u r i n g the year o r d i d i t b e c o m e aware o f an excess b e n e f i t t r a n s a c t i o n from a p r i o r year?I f "Yes," at t ach a st a t e me n t explaining each tra nsaction N/A 89 b

c E n t e r A m o u n t o f t a x imposed on t h e o r g a n i z a t i o n manage rs o r d i s q u a l i f i e d persons during t h e year undersections 4 91 2, 4 95 5 , and 4958 ^ 0.

d Enter Amount o f t ax on l i n e 89c, a b o ve , r e i m b ur s e d by t h e o r g a ni z at i o n ^ 0.e A l l o r ga ni za t io n s A t any t ime during t he ta x year, was t h e o r g a ni z at i o n a party to a prohibited t ax shelter t ransaction? 89 e Xf A l l o r g a n i z a t i o n s D i d th e o r g a n i z a t i o n acquire a d i r e c t o r i n d i re c t i n t e re s t i n any a p p l i c a b l e insurance contract? 8 9 f Xg For supporting o r g a n i z a t i o n s an d sponsonng o r g a n i z a t i o n s m a i n t a i n i n g donor advised funds D i d t h e supporting o r g a n i z a t i o n ,

o r a fund maintained by a sponsoring o r g a n i z a t i o n , have excess business holdings a t a ny time d u r i n g the yea r? 8 9 X90 a L i s t t he states with wh ic h a copy o f t h i s return i s f i l e d

b Num be r o f employees employed i n t h e pay period t h a t i n c l u d e s March 1 2 , 2 0 06 90 b9 1 a T he b o o k s a r e i n c a r e o f ^ PAT JONES T e l e p h o n e n o . ^ 3 3 4 - 3 6 5 - 7 3 9 2L o c a t e d a t ^ 131 NORTH COURT STREET , PRATTVILLE, AL Z I P + 4 ^ 3 6 0 6 7

b At a n y t ime during t he c a l e nd a r year, di d t he orga niz a tion h a ve a n i n t e r e s t i n or a signature or other authority over Yes Na f i n a n c i a l a c c o u n t i n a foreign c o u n tr y ( su c h a s a bank account , securities a c c o u n t , or other financial a c c o u n t )? 91b XI f "Yes," enter the name o f t he foreign c o u n t ry ^ N/ASee t he instructions f o r e x ce p t i o n s and f i l i n g re q u i re me n ts f o r Form TD F 90-22.1, R e p o r t of Foreign Bankand Financial Accounts

F o r m . 990 ( 2 0 0

523182 / 01-18-07


8/14

Form 990 ( 2006 ) PRATTVILLE AREA CHAMBER OF COMMERCE 63-0647596 PaP a r t VI Other Info r m ation ( c o n t i n u e d ) Yes N

c At any time d uri ng the calendar year , did the organization maintain a n o f f i c e outside of the United States ? 9 1c XI f "Yes," enter the name of the foreign country ^ N/A

9 2 Section 4947(a ) ( 1 ) nonexempt chartable t r u s t s f i l i n g F o r m 99 0 i n l i e u o f Form 1041 - Check here ^0a nd e n t e r t h e amount o f t a x - exempt i n t e r e s t r e c e i v e d o r accrued d u r i n g the t a x year ^ 9 2 N/APart V I I Analysis o f I nc o me - Producing A c t i v i t i e s ( S e e t h e i n s t r u c t i o n s . )

NoteIndic93

abcdefg

9 49 5 19 69 7

ab

9 89 9

1 0 0 C

10 11 0 21 0 3

abcde

1 0 4

Enter r o s s amounts unless otherwise U n r e l a t e d b u s i n e s s income Exclu ded by section 5 12 , 5 13 , or 514gatedrogram s e r v i c e revenue Bus n ) e s sc o d e

( B )Amount E x c ls o nc o d e( D )

Amount R e l a t e d o r exemptf u n c t i o n i n c o m e

Medicare/Medicaid paymentsees a nd contracts from government agencies

Membership dues and assessments 167 , 270n t e r e s t o n s a v i n g s a n d t e mp o r a r y c a s h i n v e s t m e n t s 5 , 381. 14ividends and i n t e r e s t from s e c u r i t i e se t rental income or ( l o s s ) from r e a l estatee b t - f i n a n c e d propertyo t debt-financed propertye t rental income or ( l o s s ) from personal propertyt h e r investment incomea i n or ( l o s s ) from sales o f assetsther than inventorye t income o r ( l o s s ) from s p e c i a l eventsross p r o f i t or ( l o s s ) fr o m sales of inventoryt h e r revenue

u b t o t a l (add columns ( B ) , ( D ) , and ( E ) ) 5 , 381. 0.

P

F

DNdnNO

oNGO

S 167 , 27010 5 Total (add l i n e 104, columns ( B ) , ( D ) , and ( E ) ) ^ 172,651Note : Line 1 0 5 plus l i n e 1e , P a rt I , should equal the amount o n l i n e 1 2 , Part 1 .P a r t V I I I Relationship of Activities to the Accomplishment of Exempt Purposes ( S e e t h e i n s t r u c t i o n s )L i n e NoV

E x p l a i n ho w e a c h a c t i v i t y f o r w h i c h i n c o m e i s r e p o r t e d i n column ( E ) o f P a r t V I I c o n t r i b u t e d i m p o r t a n t l y t o t h e a c c o m p l i s h m e n t o f t h e o r g a n i z a t i o n ' sexempt p u r p o s e s ( o th er t h a n b y p r o v i d i n g f u n d s f o r s u c h p u r p o s e s ) .

43C PUBLIC RELATIONS & ECONOMIC DEVELOPMENT OF CITY AND SURROUNDING CO.

( a ) D i d t he o r g a n i z a t i o n , during t h e y ea r , r e c e i v e any f u n d s , d i r e c t l y o r i n d i r e c t l y , t c( b ) D i d t he o r g a n i z a t i o n , during t h e y e a r , pa y premiums, d i re c tl y o r i n d i r e c t l y , on aNote : I f "Yes" t o ( b ) . f i l e Form 8870 and Form 4720 (see instructions)

82310301-18-07


9/14

Form 990 ( 2 0 0 6 ) PRATTVILLE AREA CHAMBER OF COMMERCE 63-0647596 Pa g ePart XI Information Regarding Transfers To and From Controlled Entities . Complete o n l y i f t h e o r g a n i z a t i o n i s a

controlling organizatio n as d ef ined i n section 512(b)(13) N/AYes N

10 6 Di d th e reporting organization make a ny transfers to a controlled e n t i t y as defined i n section 512(b)(13) of th e Code'? I f "Yes,"comp l e t e t h e schedule below f o r each c o n t r o l l e d e n t i t y

( A ) ( B ) ( C ) ( D )Na me, address , o f each Employer Description o f Amount o f

controlled entity I d e n t i f i c a t i o nNumber transfer transfer

a ------------------------------------------------------------------

b ------------------------------------------------------------------

c--------------------------------- --------------------------------

TotalsYes N

1 0 7 D i d t h e r e p o r t i n g o r g a n i z a t i o n receive any t r a n s f e r s from a c o n t r o l l e d e n t i t y as d e f i n e d i n s e c t i o n 5 1 2 ( b ) ( 1 3 ) o f t h e Code? I f " Y e s , "com p l e t e th e schedule below f o r each controlled e n t i t y( A ) ( B ) ( C ) ( D )

Name, address , o f each Employer Description o f Amount o fcontrolled entity I d e n t i f i c a t i o nNumber transfer transfer

a------------------------------------------------------------------

b------------------------------------------------------------------

c---------------------------------

TotalsYes N

10 8 Di d th e organization h a v e a binding written contract i n effect o n August 17 , 2 0 0 6 , c o v er in g th e i n t e r e s t , r e n t s , r o y a l t i e s , andannuities described i n q uestion 107 above?

Under penalties of perjury , declare that have examined this return , including accompanying schedules and statements , and t o th e best of my knowledge and b e l i e f , i t is true correct,and complet Declaration of p rep a rer (other than o f f i c e r ^s based on a l l information o f which preparer ha s an y knowledge

Please Zi ts t o8SignHere

S I t e o f e r D D a t e^ V 7 V ( Z . G U Ne ic e l

T y p e o r p r i n t name a n d t i t l eP r e p a r e r ' s D a t e Check I f P rep arer ' s SSN o r PTIN ( See Gen I n s tP a i d s i g n a t u r e ' DIANE L. STEINHILBER 0 2 14 0 8 e m p l o y e d ^Preparers F i r m s na me ( o r JACKSON THORNTON & CO., P.C.o u r s i f E I N 1 0 ,Use O n l y yself-employed ), '310 SOUTH WASHINGTON STREETaddress, an dZ I P + 4 PRATTVILLE ALABAMA 36067 P h o n e n o . ^ 334-365-1445

Form 990 ( 2 0 0

623164/01-2e-07


10/14

PRATTVILLE AREA CHAMBER OF COMMERCE 63-064759

990 OTHER EXPENSES STATEMENT

(A) (B) (C) (D)PROGRAM MANAGEMENT

SCRIPTION TOTAL SERVICES AND GENERAL FUNDRAISINGEXPENSE 10,081. 5,591. 4,490.

& MAINT 8,287. 8,287.NK SERVICE CHARGE 835. 835.

& SUBSCRIPTIONS 5,506. 1,739. 3,767.2,247. 2,247.13,077. 13,077.

7,659. 4,145. 3,514.

82,372. 81,434. 938.& CONTACT

17,119. 17,119.VERNMENT RELATIONS 60,000. 60,000.ORAGE RENT 630. 630.

TO FM 990, LN 43 207,813. 170,028. 37,785.

STATEMENT(S)


11/14


990 OFFICER COMPENSATION ALLOCATION STATEMENTPART II, LINE 25A

EMPLOYEE EXPENSEOF OFFICER, ETC. COMPENSATION BEN. PLANS ACCOUNTS TOTALSBAINBRIDGE 86,008. 4,000. 90,008

PROGRAM SERVICES 86,008. 86,008MANAGEMENT AND GENERAL

FUNDRAISING

EMPLOYEE EXPENSEOF OFFICER, ETC. COMPENSATION BEN. PLANS ACCOUNTS TOTALS

REMY AUTHUR 63,767. 3,041. 66,808PROGRAM SERVICES

MANAGEMENT AND GENERAL 63,767. 63,767

FUNDRAISING

PROGRAM SERVICES 86,008

TAL MANAGEMENT AND GENERAL 63,767FUNDRAISINGOFFICER, ETC., COMPENSATION INCLUDED ON PART II, LINE 25A 149,775

STATEMENT(S)


12/14


990 PART V-A - LIST OF CURRENT OFFICERS, DIRECTORS, STATEMENTTRUSTEES AND KEY EMPLOYEES

ME AND ADDRESS

EMPLOYEETITLE AND COMPEN- BEN PLAN EXPENSEAVRG HRS/WK SATION CONTRIB ACCOUNT

BAINBRIDGE EXEC DIRECTOR40.00 86,008. 4,000.

ATTVILLE, ALREMY AUTHUR ASSOC DIRECTOR

40.00 63 ,767. 3,041.AL

0

LEWIS CHAIRMAN OF BOARD0.00 0 . 0 . 0

ALSANDERS CHAIRMAN ELECT

0.00 0. 0 .AL

ROBERT FAULK VP ECONOMIC DEVELOPMENT0.00 0. 0 .

AL

VANDERWAL VP MEMBERSHIP SERVICE0.00 0. 0.

AL

CKY BROWN SMITH VP SMALL BUSINESS0.00 0 . 0 .AL

STEINHILBER TREASURER0.00 0. 0.

AL

DEVERS PAST CHAIRMAN0.00 0. 0.

AL

HENRY DIRECTOR0.00 0. 0.

AL

INCLUDED ON FORM 990, PART V-A 149,775. 7,041.

STATEMENT(S)


13/14

F o r , . n 4562 Depreciation and Amortization 990Department of th e Treasury ( I n c l u d i n g Information on Listed Property)I n t e r n a l Revenue Service ^ S ee separate instructions . ^ Attach t o your t a x r e t u r n .Name (s ) shown on return Business or activity to which t h i s form relates

PRATTVILLE AREA CHAMBER OF COMMERCE' (FORM 990 PAGE 2Part I E l e c t i o n T o E x p e n s e C e r t a i n P r o p e r t y Under S e c t i o n 1 7 9 N o t e : I f you have an y l i s t e d property , complete P a r t V before1 Maximum amount See th e instructions f o r a higher l i m i t f o r certain businesses 12 T o t a l cost o f s e c t i o n 17 9 property placed i n s e r v i c e ( s e e i n s t r u c t i o n s ) 23 Threshold cost o f section 179 property before reduction in l i m i t a t i o n 34 Reduction in l i m i t a t i o n Subtract l i n e 3 from l i n e 2 I f zero or l e s s , enter - 0 - 45 Dollar limitation fo r ta x year Subtract l i n e 4 from l i n e 1 I f zero or l e s s , enter - 0- I f married f i l i n g separately, se e instructions 56 (a ) Description of property (b ) Cost ( business use only) (c) E le ct e d c o st

7 Listed property Enter th e amount from l i n e 29 78 Total e l ecte d cost of section 179 property Add amounts in column ( c ) , l i n e s 6 and 7 89 Tentative deduction Enter th e smaller of l i n e 5 or l i n e 8 9

10 Carryover of disallowed d e d uc ti on f r om l i n e 13 of your 2005 Form 4562 1011 Business income l i m i t a t i o n Enter th e smaller o f business income (not less than ze ro ) o r l i n e 5 1112 Section 179 expense deduction Add l i n e s 9 and 10 , b ut do n ot e nt er more than l i n e 11 1213 Ca r r y over of disallowed deduction to 2007 Add l i n e s 9 and 1 0 , less l i n e 12 ^ I 13Note : Do no t us e Part I l o r P a rt I l l below f o r l i s t e d property Instead, us e Part VPart I I S p e ci a l D e p re c i at i o n Allowance and Other Depreciation ( Do no t include l i s t e d property )

14 S p e c i a l allowance f or q u a l i f i e d New York L ib e rt y o r G ul f Opportunity Zone property ( o t h e r than l i s t e d p r o p e r t y )placed i n s e r v i c e during t h e t a x y e a r 14

15 Property subject to section 1 6 8 ( f ) ( 1 ) election 1516 Other dep reciation ( includin g ACRS 16Part I I I MACRS Depreciation ( Do no t include l i s t e d property ) ( S e e instructions)

Section A

OMB No 1545-01722006AttachmentSequence No 67

Identifying number

3-0647nplete Part

108.

17 MACRS deductions f or assets placed i n service i n ta x years beginning before 2006 17 95 , 54118 If you a r e e l e c t i n g t o group any assets placed i n s e r v i c e d ur i ng t h e t a x y e a r i n t o on e o r more g e ne r a l a s s e t accounts check h e r e 10 .a

Section B - Assets Placed i n Service Durma 2006 Tax Year Usina th e Gen er a l D e o re c i at i o n System(a ) Classification o f property

(b ) Month andyear placed

in service( c) Basis fo r depreciation

( business/ investment useonly - se e instructions)

(d ) Recoverype r i od ( e ) Convention ( f) Method (g ) Depreciation d e duction

19 a 3 - y e a r p r o p e r t y5 - y ea r p r o p e r t y7ear p r o p e r t y10 e a r p r o p e rt y15 ea r p r o p e r t y20 ear p r o p e r t y25 ea r p r o p e r t y y r s S /L

/ 2 7 5 y r s MM S /Lh Residential r e n t a l property / 2 7 5 y r s MM S /L/ 39 y r s MM S /Li N o n r e s i d e n t i a l r e a l property/ MM S /LSection C - Assets Placed in Service During 2 0 0 6 Ta x Year Using th e A l t e r n a t i v e Depreciation System

20a Class l i f e S /Lb 12 ea r 12 y r s S /Lc 40-year / 40 y r s . MM S/L

Part I V2 1 Listed property Enter amount from l i n e 28 2 122 Total. Add amounts from l i n e 12 , l i n e s 1 4 t h ro ug h 17, l i n e s 1 9 and 20 I n column ( g ) , and l i n e 21

Enter here an d on t h e appropriate l i n e s o f your r e t u r n Partnerships an d S corporations - see i n s t r 2 2 95 , 54123 For assets shown above an d placed i n s e r v i c e d u r i n g t h e c u r r e n t y e a r , e n t e r t h e

portion of th e basis attributable to section 263A costs 231 1 - 2 5 11 0 - 1 7 - 0 e LHA F or Paperwork Reduction Act Notice , see separate instructions . Form 4562 ( 20 0


14/14

Form 4 5 6 2 ' ( 2 0 0 6 ) PRATTVI LLE AREA CHAMBER OF COMMERCE 63-0647596 PagePert V Listed P r op e rty (Include automobiles, certain other vehicles, c e l l u l a r telephones, certain c o mpu t e rs, and property used f o r entertainmerecreation, o r amusement )

Note : F o r any vehicle f o r which you a re using th e sta nd a r d m il e a g e rate or deducting lease expense, co mp let e o n ly 24a, 24b, columns (th r o u g h ( c ) of Section A , al l of Section B , and Section Ci f applicable

S e c ti on A - Depr e c i a ti on and Other I n f o r m a ti on ( Caution : See the instructions f o r l i m i t s f o r passenger a u t o m obi l e s )n,, nil hen a,n /lannn t- o,,nnnrr the h,,e,na ee n,,aet ,nnr c ri -w(--_1 v_.. F_-1 u.. nw.. if v-- n . L.. ,...a .,^,.,...,.,.,.,..o I v,...( a ) ( b ) ( c ) ( d ) ( e )

M ( g )( h ) (')

T y p e o f p r o p e r t y D a t e B u s i n e s s / C o s t o r Basis fo r depreciation R e c o v e r y Method/ D e p r e c i a t i o n E l e c t e d( l i s t v e h i c l e s f i r s t ) p l a c e d i n i n v e s t m e n t o t h e r b a s i s ( business/investment p e r i o d C o n v e n t i o n d e d u c t i o n s e c t i o n 1 7 9s e r v i c e u s e p e r c e n t a g e us e o n l y ) c o s t25 S p e c i a l a l l o w a n c e f o r q u a l i f i e d Ne w Y o r k L i b e r t y o r G u l f O p p o r t u n i t y Z o n e p r o pe r t y p l a ce d i n s e r v i c e d u r i n g t h e t ax y e a r

a n d u s e d more t h a n 50% i n a q u a l i f i e d b u s i n e s s u s e 25

%

28 Add amounts i n column ( h ) , l i n e s 25 th r o u g h 27 Enter here and o n l i n e 21 , page 129 Add amounts i n column ( r ) , l i n e 26 Enter h e r e and on l i n e 7 , page 1

S/ L -

S e c ti on B - I n f o r m a ti on on Use of V e hi c l e sComplete t h i s section f o r vehicles u s e d by a sole proprieto r, partner, o r other more than 5% owner," or related pe rs o nI f yo u provided vehicles to your e mpl oy e e s, f i r s t answer t he q u e st io n s i n Section C to se e i f yo u meet a n exception to completing t h i s section f o rthose vehicles

30 T o t a l b u s i n e s s / i n v e s t m e n t m i l es d ri ve n d u r i n g t h e(a )

V e h i c l e( b )

V e h i c l e(c )

V e h i c l e( d )

V e h i c l e(e )

V e h i c l e( f )

V e h i c l ey e a r ( do no t i n c l u d e commuting m i l e s )

31 Total commuting m il e s d riv e n during th e year32 T o t a l other personal (noncommuting) m i l e s

d r i v e n33 Total miles driven during th e year

Add l i n e s 30 th r o u g h 3234 Was th e vehicle available f o r personal u se Yes No Yes No Yes No Yes No Yes No Yes N

d u r i n g o f f - d u t y hours?35 Was th e vehicle used primarily by a morethan 5% owner or related person36 I s a n ot h e r v ehicle av ailable f o r personal

use'?S e c ti on C - Questions fo r Employers Who P r o v id e V e h i c l e s fo r Use by T h ei r Employees

Answer t h e se q u e st io n s to determine i f yo u meet a n exception to completing Section B f o r vehicles used by employees who a r e n o t more than 5%owners o r r el ate d p e rs o n s37 Do yo u maintain a written policy st a t e m e n t that p rohibits a l l personal u se of v ehicles, including commuting, by your Yes N

e m p loy e es '38 Do yo u m a i n t a i n a w r it t en p ol i cy statement t h at p r o h ib i ts personal us e o f v e h i c l e s , except commuting, by your

employees' Se e t h e i n s t r u c t i o n s f o r v e h i c l e s used by corporate o f f i c e r s , d i r e c t o r s , o r 1% o r m o r e owners39 Do yo u t r e a t a l l u se of vehicles by employees a s personal us e?40 Do yo u provide more than f i v e vehicles to your e mpl oy e e s, obtain information from your employees a b o u t

th e u se of th e vehicles, and r e t a i n th e information r e c e i v e d?4 1 Do yo u meet th e r e q ui r e m e nts c o n c e r n i n g qualified a u t o m obi l e d e m o n st r a ti on us e?Note: I f you r answer t o 37 , 38, 39 , 4 0, or 41 i s "Yes," do n o t co mp let e Section B f o r th e c o v e r e d vehicles

Part VI A mo rtiz a ti on(a ) I ( b ) ( c ) ( d ) (e ) ( f )

Description of c osts D a t e a m o r t i z a t i o n Amortizabl e Code A m o r t i z a t i o n Amortizationbegins amount section p e r i o d or p e r c e n t a g e fo r this year

43 Amortization o f costs that began before you r 2006 ta x year 43. . Tntni Anti m m o r i n t o i n cn h r m n ! f l See th e rnstn retions f o r where t o renort AA

27 Propertv used 50% o r l e s s i n a o u a l r f i e d business us e

8 1 6 2 5 2 / 1 0 - 1 7 - 0 6 F o r m 4562 (20

Prattville Area Chamber of Commerce 990 2007

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Transcript of Prattville Area Chamber of Commerce 990 2007