Form 990 for tax year 2022
Filed by YOUNGSTOWN WARREN REGIONAL CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $695,446
- Total expenses
- $284,898
- Contributions and grants received
- $720,282
- Grants paid
- $176,912
- Program service revenue
- $0
- Investment income
- $32
- Other revenue
- -$24,868
- Total assets, end of year
- $887,292
- Total liabilities, end of year
- $12,500
- Net assets or fund balances, end of year
- $874,792
- Program services expenses (Part IX)
- $269,035
- Management and general expenses
- $15,863
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $269,035
Program services were 94.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$720,282
-
3 · Investment income
total $32 · excluded $32
-
11a · Other revenue: REALIZED GAIN(LOSS) ON
total -$24,868 · excluded -$24,868
-
11e · Other revenue, total
-$24,868
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $176,912 · program services $176,912
-
11a · Fees: management
total $87,750 · program services $87,750
-
11c · Fees: accounting
total $11,175 · management and general $11,175
-
22 · Depreciation, depletion and amortization
total $3,649 · management and general $3,649
-
24a · Other expenses: EVENT COSTS
total $4,373 · program services $4,373
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $734 · management and general $734
-
24c · Other expenses: BANK CHARGES
total $305 · management and general $305
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $502,354 · end of year $498,413
-
4 · Accounts receivable
beginning of year $16,074 · end of year $75,207
-
10a · Land, buildings and equipment: cost or other basis
$19,906
-
10b · Land, buildings and equipment: accumulated depreciation
$3,649
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $16,257
-
12 · Investments: other securities
end of year $281,390
-
15 · Other assets
beginning of year $25,816 · end of year $16,025
-
25 · Other liabilities
beginning of year $80,000 · end of year $12,500
-
27 · Net assets without donor restrictions
beginning of year $339,244 · end of year $874,792
-
28 · Net assets with donor restrictions
beginning of year $125,000 · end of year $0
Mission and programs · 2022
Mission
TO OPERATE FOR CHARITABLE PURPOSES THAT EXCLUSIVELY BENEFIT OR CARRY OUT THE CHARITABLE, EDUCATIONAL AND/OR ECONOMIC DEVELOPMENT PURPOSES OF THE YOUNGSTOWN/WARREN REGIONAL CHAMBER.
-
YOUNGSTOWN/WARREN REGIONAL CHAMBER OF COMMERCE FOUNDATION SUPPORTS THE ECONOMIC DEVELOPMENT PURPOSES OF THE YOUNGSTOWN/WARREN REGIONAL CHAMBER OF COMMERCE.
Expenses $269,035 · Grants $176,912
As filed on the 2022 return.
Listed in Part VII
-
Theodore SchmidtTHEODORE SCHMIDT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Fred MoranFRED MORAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John PayiavlasJOHN PAYIAVLAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ed MuranskyED MURANSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew BlairMATTHEW BLAIR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Don KlineDON KLINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom Fleming Thru 81922TOM FLEMING THRU 81922
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ron Klingle As Of 42021RON KLINGLE AS OF 42021
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael SchrockMICHAEL SCHROCK
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gary SmallGARY SMALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Esther BuschauESTHER BUSCHAU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Ronald DwinnellsDR RONALD DWINNELLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James GasiorJAMES GASIOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Neil KabackNEIL KABACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Guy Coviello Thru 82021GUY COVIELLO THRU 82021
PRESIDENT
- Total calculated
- $245,590
- From this org
- $0
- From related orgs
- $216,560
- Other
- $29,030
- Hours/week
- 8 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $216,560 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $29,030 related
- Filer's total
- $0 + $245,590 related
-
Michael McGiffin As Of 82021MICHAEL MCGIFFIN AS OF 82021
PRESIDENT
- Total calculated
- $103,258
- From this org
- $0
- From related orgs
- $86,464
- Other
- $16,794
- Hours/week
- 8 + 41 related
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
YOUNGSTOWNWARREN REGIONAL CHAMBER
$176,912
ECONOMIC DEVELOPMENT
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.
-
YOUNGSTOWNWARREN REGIONAL CHAMBER
501(C)(6) · PROVIDES PROGRAMS AND SERVICES TO BUSINESSES IN THE COMMUNITY · OH
-
501(C)(2) · ACQUIRING REAL ESTATE AND LEASING OFFICE BUILDING TO BENEFIT REGIONAL AREA · OH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349308879
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