Form 990 for tax year 2024
Filed by TOLEDO REGIONAL CHAMBER OF COMMERCE.
Totals
- Total revenue
- $3,674,893
- Total expenses
- $3,552,867
- Contributions and grants received
- $2,821,228
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $110,080
- Other revenue
- $743,585
- Total assets, end of year
- $5,281,754
- Total liabilities, end of year
- $1,412,182
- Net assets or fund balances, end of year
- $3,869,572
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$1,354,639
-
1e · Government grants (contributions)
$1,455,299
-
1f · All other contributions, gifts and grants
$11,290
-
1g · Noncash contributions included above
$11,290
-
3 · Investment income
total $95,507 · excluded $95,507
-
5 · Royalties
total $113,276 · excluded $113,276
-
7a · Gross sales of assets other than inventory
securities $68,213
-
7b · Less cost or other basis and sales expenses
securities $53,640
-
7c · Gain or loss
securities $14,573
-
7d · Net gain or loss
total $14,573 · excluded $14,573
-
8a · Fundraising events: gross income
$520,966
-
8b · Fundraising events: direct expenses
$290,846
-
8c · Net income from fundraising events
total $230,120 · excluded $230,120
-
11a · Other revenue: MEMBER SERVICE
total $366,468 · unrelated business $366,468
-
11b · Other revenue: MISCELLANEOUS
total $33,721 · excluded $33,721
-
11e · Other revenue, total
$400,189
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $399,446
-
7 · Other salaries and wages
total $1,880,160
-
8 · Pension plan contributions
total $70,351
-
9 · Other employee benefits
total $157,051
-
10 · Payroll taxes
total $146,260
-
11b · Fees: legal
total $91,020
-
11c · Fees: accounting
total $41,329
-
11f · Fees: investment management
total $14,738
-
12 · Advertising and promotion
total $47,713
-
13 · Office expenses
total $45,059
-
14 · Information technology
total $142,397
-
16 · Occupancy
total $77,030
-
17 · Travel
total $33,945
-
19 · Conferences, conventions and meetings
total $47,280
-
22 · Depreciation, depletion and amortization
total $67,944
-
23 · Insurance
total $33,892
-
24a · Other expenses: UBI/OTHER TAXES
total $9,547
-
24b · Other expenses: PUBLICATIONS AND SUBSCR
total $98,625
-
24c · Other expenses: MEALS, CATERING, AND CO
total $59,443
-
24d · Other expenses: MISCELLANEOUS
total $55,314
-
24e · All other expenses
total $34,323
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $162,458 · end of year $269,102
-
2 · Savings and temporary cash investments
beginning of year $286,176 · end of year $159,777
-
3 · Pledges and grants receivable
beginning of year $186,875 · end of year $355,596
-
4 · Accounts receivable
beginning of year $281,374 · end of year $362,977
-
9 · Prepaid expenses and deferred charges
beginning of year $144,709 · end of year $51,426
-
10a · Land, buildings and equipment: cost or other basis
$607,904
-
10b · Land, buildings and equipment: accumulated depreciation
$420,175
-
10c · Land, buildings and equipment, net
beginning of year $242,596 · end of year $187,729
-
11 · Investments: publicly traded securities
beginning of year $3,151,110
-
12 · Investments: other securities
end of year $3,508,622
-
15 · Other assets
beginning of year $441,169 · end of year $386,525
-
17 · Accounts payable and accrued expenses
beginning of year $180,166 · end of year $298,833
-
19 · Deferred revenue
beginning of year $784,093 · end of year $720,359
-
25 · Other liabilities
beginning of year $446,830 · end of year $392,990
-
27 · Net assets without donor restrictions
beginning of year $3,334,318 · end of year $3,741,281
-
28 · Net assets with donor restrictions
beginning of year $151,060 · end of year $128,291
Mission and programs · 2024
Mission
TO SOLVE CRITICAL BUSINESS CHALLENGES IN ORDER TO CREATE VIBRANT ECONOMIC OPPORTUNITIES FOR ALL IN OUR REGION.
Activities or mission (Part I)
PROMOTION OF COMMERCIAL, INDUSTRIAL, AND CIVIC INTERESTS IN THE TOLEDO AREA.
-
BUSINESS DEVELOPMENT SERVICES - BUSINESS COUNSELING TO STARTUP, GROWING, AND/OR STRUGGLING BUSINESSES
-
WORKFORCE DEVELOPMENT AND TALENT ATTRACTION - PROGRAMMING TO MEET THE REGION'S CURRENT AND FUTURE WORKFORCE NEEDS
-
ADVOCACY AND PUBLIC POLICY - ADVOCATING PUBLIC POLICY ON BEHALF OF MEMBER BUSINESSES
As filed on the 2024 return.
Listed in Part VII
-
WENDY GRAMZA
PRESIDENT
- Total calculated
- $245,722
- From this org
- $212,835
- From related orgs
- $0
- Other
- $32,887
- Hours/week
- 43 + 1 related
Schedule J breakdown matched by us
- Base
- $210,513
- Bonus
- $0
- Other
- $2,322
- Deferred
- $13,327
- Nontaxable benefits
- $19,560
- Filer's total
- $245,722
-
THOMAS WALSH
CFO
- Total calculated
- $140,635
- From this org
- $126,548
- From related orgs
- $0
- Other
- $14,087
- Hours/week
- 43
-
HEATHER BRADLEY
EXECUTIVE VICE PRESIDENT
- Total calculated
- $143,048
- From this org
- $127,168
- From related orgs
- $0
- Other
- $15,880
- Hours/week
- 43
-
BRIAN DICKEN
VP - ADVOCACY & STRATEGIC INITIATIVES
- Total calculated
- $116,572
- From this org
- $102,499
- From related orgs
- $0
- Other
- $14,073
- Hours/week
- 43
-
LYNETTE REICHLE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BRET CLARK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ANNE BALAZS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMES BAILEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW BERENZWEIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LOIS BINGHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FRANK BLOOMQUIST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TRACY BOLANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE BOWE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RANDOLPH BURNS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KRISTY CRANSTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ADAM FREELS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BRANDON GABEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALEX GERKEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ALLISON HAMMONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BRAD HIRSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHAD HOLESKO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BARRIE HOWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PRAKASH KARAMCHANDANI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BILL KIDD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MIKE KORALEWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JIM LEWIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MILTON MCINTYRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RUSS MITCHELL
TRUSTEEE
- Total calculated
- $0
- Hours/week
- 1
-
KIRKLAND MIZEREK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
AMBREA MIKOLAJCZK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NEIL NEUKAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MIKE PASCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER PERCIVAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RJ RAJNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARKUS RASMUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE SADOWSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF SCHALLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT SCHUELLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GEOFF SHOOK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
REBECCA SHOPE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE SMIGELSKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DIONE SOMERVILLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN TOOSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMIE TRABBIC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK TRIMBLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
FRANK VIVIANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MATT YARDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JIM YATES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- WENDY GRAMZA (CURRENT PRESIDENT) RECEIVES HEALTH CLUB BENEFITS FROM THE TOLEDO CLUB, WHICH INCLUDES A HEALTH CLUB ON ITS PREMISES. THESE BENEFITS ARE NOT INCLUDED IN TAXABLE INCOME SINCE THE CLUB IS MOSTLY USED FOR BUSINESS EVENTS.
- PART I, LINE 3
- THE COMPENSATION COMMITTEE OF THE BOARD SETS WENDY'S COMPENSATION LEVEL. THEY UTILIZE A COMPENSATION SURVEY OR STUDY TO HELP SET THE RATE, A WRITTEN EMPLOYMENT CONTRACT IS USED.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
TOLEDO AREA CHAMBER FOUNDATION
501(C)(3) · TO ACCELERATE ECONOMIC DEVELOPMENT WITHIN THE TOLEDO REGION · OH · controlled entity
Directly controlled by TOLEDO REGIONAL CHAMBER OF COMMERCE
-
PARTNERSHIP FOR INNOVATION AND COMPETITIVENESS
501(C)(4) · TO PROVIDE SUPPORT FOR LOCAL BALLOT ISSUES · OH · controlled entity
Directly controlled by TOLEDO REGIONAL CHAMBER OF COMMERCE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NORTHWEST OHIO MANUFACTURERS ALLIANCE
PROVIDE EDUCATION AND VOCATIONAL TRAINING IN MANUFACTURING DISCIPLINES · OH
Directly controlled by TOLEDO REGIONAL CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349319088
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