TY 2017 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) KED COTTRELL......................................................................
CHAIRMAN

.................

(2) PAUL BOROZNOFF......................................................................
DIRECTOR

.................

(3) GREG REYNOLDS......................................................................
PRESIDENT

.................

(4) JESSE L JONES......................................................................
TREASURER

.................

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

PLEASURE ISLAND CHAMBER OF COMMERCE

Employer identification number

56-1075795

Return Reference	Explanation
FORM 990 - ORGANIZATION'S MISSION	PROMOTE TOURISM TO THE AREA BY: 1) PREPARE AND DISTRIBUTE VISITOR GUIDES, BROCHURES AND MAINTAIN WEB PAGE; 2) OVERSEEING SPECIAL EVENTS TO INCREASE TRAFFIC TO THE AREA, SUCH AS YEARLY SEAFOOD, BLUES AND JASS FESTIVAL, FIREWORKS, IN THE PARK MOVIE NIGHTS, CHOWDER COOKOFF, SUMMER CONCERTS, BEACH MUSIC FESTIVAL AND OTHER RELATED ACTIVITIES
FORM 990, PAGE 2, PART III, LINE 4D	SEE SCHEDULE O
FORM 990, PAGE 6, PART VI, LINE 11B	ALL OFFICERS AND BOARD MEMBERS ARE PROVIDED A COPY OF THE FORM 990 FOR REVIEW AND COMMENT BEFORE FILING.
FORM 990, PAGE 6, PART VI, LINE 12C	EACH DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE IS REQUIRED TO SIGN A STATEMENT PRIOR TO COMMENCEMENT OF HIS OR HER EMPLOYMENT OR TERM OF OFFICE AND EACH IS REQUIRED TO PROVIDE AN UPDATED ANNUAL SIGNED STATEMENT.
FORM 990, PAGE 6, PART VI, LINE 15A	AN EXECUTIVE COMMITTEE COMPRISED OF PART OF THE BOARD OF DIRECTORS MEETS ANNUALLY TO DISCUSS, RESEARCH, AND APPROVE THE SUBSEQUENT YEAR'S COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 15B	SAME PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL
FORM 990, PAGE 6, PART VI, LINE 19	ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE BY PERSONAL VISIT TO THE ORGANIZATION'S OFFICE.
FORM 990, PART IX, LINE 11G	MEETING EXPENSES 0 13 0 MISCELLANEOUS 266 0 0 WORKSHOP REGISTRATION FEES 881 0 0 BAD DEBT 0 190 0 CHAMBER CONNECT 1,064 0 0 BEACH MUSIC FESTIVAL ADVERTISING 6,044 0 0 ENTERTAINMENT 10,000 0 0 SECURITY 863 0 0 SOUND 2,700 0 0 VARIOUS 9,379 0 0 0 0 0 CHOWDER COOKOFF VARIOUS 205 0 0 0 0 0 FIREWORKS VENDOR FEES 49,625 0 0 VARIOUS 66 0 0 MARKETING 2,270 0 0 PERMITS 2,400 0 0 0 0 0 SUMMER CONCERT BAND 4,600 0 0 SOUND 3,250 0 0 MISCELLANEOUS 26 0 0 0 0 0 MOVIES AT THE LAKE LICENSE FEES 7,085 0 0 MARKETING 2,221 0 0 VARIOUS 498 0 0 VENDOR FEES 11,450 0 0 0 0 0 ANNUAL DINNER CATERING/FACILITY RENT 4,483 0 0 0 0 0 SEAFOOD BLUES/JAZZ FESTIVAL ADVERTISING 17,713 0 0 GRAPHIC DESIGNS 604 0 0 BANDS 177,839 0 0 T SHIRTS 3,466 0 0 VARIOUS 8,070 0 0 BEVERAGES 2,512 0 0 CLEAN UP CREW 2,938 0 0 ELECTRICAL 1,605 0 0 EQUPMENT RENTAL 2,278 0 0 PORT O JOHNS 4,002 0 0 PRINTING 1,524 0 0 BANNERS 1,024 0 0 SECURITY 9,851 0 0 SOUND 30,000 0 0 TENTS, TABLES, CHAIRS 8,263 0 0 DJ EXPENSE 800 0 0 DUMPSTERS 400 0 0 PHOTOGRAPHY 800 0 0 WALKIE TALKIE 410 0 0 WASTER MANAGEMENT 400 0 0 MISCELLANEOUS 10,199 0 0 TOTAL 404,074 203 0
FORM 990, PART XI, LINE 9	SEE SCHEDULE O 0

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: PROMOTE TOURISM TO THE AREA BY: 1) PREPARE AND DISTRIBUTE VISITOR GUIDES, BROCHURES AND MAINTAIN WEB PAGE; 2) OVERSEEING SPECIAL EVENTS TO INCREASE TRAFFIC TO THE AREA, SUCH AS YEARLY SEAFOOD, BLUES AND JASS FESTIVAL, FIREWORKS, IN THE PARK MOVIE NIGHTS, CHOWDER COOKOFF, SUMMER CONCERTS, BEACH MUSIC FESTIVAL AND OTHER RELATED ACTIVITIES
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	13
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	13
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	3
6	Total number of volunteers (estimate if necessary) .............	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	36,540
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	-22,338

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	76,741	209,680
9	Program service revenue (Part VIII, line 2g) .........	266,304	296,160
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....		0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	46	391
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	343,091	506,231
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	123,556	97,336
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	228,947	435,970
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	352,503	533,306
19	Revenue less expenses. Subtract line 18 from line 12.......	-9,412	-27,075
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	181,043	124,421
21	Total liabilities (Part X, line 26).............	41,057	11,510
22	Net assets or fund balances. Subtract line 21 from line 20.....	139,986	112,911

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ 296,160 )
	SEE SCHEDULE O

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












	(Code: ) (Expenses $ 532,203 including grants of $ ) (Revenue $ )
	SEE SCHEDULE O

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 532,203 including grants of $ ) (Revenue $ )
4e	Total program service expenses532,203

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

1a	Federated campaigns..		1a
b	Membership dues..		1b	80,460
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	129,220

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		209,680

		Business Code
2a	SEAFOOD BLUES/JAZZ FESTIVAL		179,221	179,221
b	BEACH MUSIC FESTIVAL		74,759	74,759
c	VISITOR GUIDE	511140	36,540		36,540
d	ANNUAL DINNER		3,950	3,950
e	WEDDING PLANNER		1,655	1,655
f	All other program service revenue.		35	35
g	Total. Add lines 2a–2f .....		296,160

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	389
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..			389	389
Business Code			Miscellaneous Revenue
11a	INTEREST EARNED			2	2
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			2
12	Total revenue. See instructions.....			506,231	260,011	36,540

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	90,205	90,205
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	7,131	7,131
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	404,277	404,074	203
12	Advertising and promotion ....	7,178	7,178
13	Office expenses .......	12,502	12,502
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	4,309	4,309
17	Travel ............	126	126
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	161	161
23	Insurance ...	5,481	4,581	900
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	VARIOUS DONATIONS	1,936	1,936
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	533,306	532,203	1,103	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			28,785	1	46,823
2	Savings and temporary cash investments .........			117,045	2	17,046
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			34,971	4	60,471
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	22,398
b	Less: accumulated depreciation	10b	22,317	242	10c	81
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			181,043	16	124,421

17	Accounts payable and accrued expenses .....	4,517	17	3,447
18	Grants payable ...		18
19	Deferred revenue .........	36,540	19	8,063
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	41,057	26	11,510

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	139,986	32	112,911
33	Total liabilities and net assets/fund balances ........	181,043	33	124,421

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....
e	Other .....	22,398	22,317	81
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				81

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)