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← WARREN AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT FOUNDATION IN

Form 990 for tax year 2024

Filed by WARREN AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT FOUNDATION IN.

Totals

Total revenue
$58,716
Total expenses
$73,789
Contributions and grants received
$0
Grants paid
$70,000
Program service revenue
$0
Investment income
$58,406
Other revenue
$310
Total assets, end of year
$844,464
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$844,464
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.

  • 3 · Investment income

    total $27,708 · excluded $27,708

  • 7a · Gross sales of assets other than inventory

    securities $496,186

  • 7b · Less cost or other basis and sales expenses

    securities $465,488

  • 7c · Gain or loss

    securities $30,698

  • 7d · Net gain or loss

    total $30,698 · excluded $30,698

  • 11a · Other revenue: MISCELLANEOUS

    total $310 · excluded $310

  • 11e · Other revenue, total

    $310

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,000

  • 11f · Fees: investment management

    total $3,789

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $59,937 · end of year $48,080

  • 11 · Investments: publicly traded securities

    beginning of year $799,600 · end of year $796,384

  • 27 · Net assets without donor restrictions

    beginning of year $859,537 · end of year $844,464

Mission and programs · 2024

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN TRUMBULL COUNTY, OHIO.

  • GRANTS MADE TO THE YOUNGSTOWN WARREN REGIONAL CHAMBER OF COMMERCE FOUNDATION TO PROMOTE ECONOMIC DEVELOPMENT IN TRUMBULL COUNTY.

As filed on the 2024 return.

Listed in Part VII

  • Sam Covelli

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Steve Sava

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sterling Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matthew Blair

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jesse Potter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Simon Werle

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Drew Schneider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Masternick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ellie Platt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael McGiffin

    SECRETARY

    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.

Grants 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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349313908

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