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← OHIO CHAMBER OF COMMERCE RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by OHIO CHAMBER OF COMMERCE RESEARCH FOUNDATION INC.

Totals

Total revenue
$616,192
Total expenses
$393,225
Contributions and grants received
$627,185
Grants paid
$34,151
Program service revenue
$0
Investment income
$0
Other revenue
-$10,993
Total assets, end of year
$455,850
Total liabilities, end of year
$33,125
Net assets or fund balances, end of year
$422,725
Program services expenses (Part IX)
$197,601
Management and general expenses
$189,453
Fundraising expenses
$6,171
Program service expenses (Part III)
$197,601

Program services were 50.3% 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.

  • 1c · Fundraising events

    $30,100

  • 1d · Related organizations

    $186,597

  • 1f · All other contributions, gifts and grants

    $410,488

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $30,100

  • 8b · Fundraising events: direct expenses

    $10,993

  • 8c · Net income from fundraising events

    total -$10,993 · excluded -$10,993

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,151 · program services $34,151

  • 7 · Other salaries and wages

    total $133,670 · management and general $128,668 · fundraising $5,002

  • 8 · Pension plan contributions

    total $8,400 · management and general $8,086 · fundraising $314

  • 9 · Other employee benefits

    total $11,480 · management and general $11,050 · fundraising $430

  • 10 · Payroll taxes

    total $11,346 · management and general $10,921 · fundraising $425

  • 11g · Fees: other

    total $171,450 · program services $163,450 · management and general $8,000

  • 13 · Office expenses

    total $540 · management and general $540

  • 16 · Occupancy

    total $20,181 · management and general $20,181

  • 17 · Travel

    total $883 · management and general $883

  • 24a · Other expenses: BANK FEES

    total $1,028 · management and general $1,028

  • 24b · Other expenses: MISCELLANEOUS

    total $96 · management and general $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,178 · end of year $324,600

  • 3 · Pledges and grants receivable

    beginning of year $580 · end of year $580

  • 4 · Accounts receivable

    end of year $130,670

  • 17 · Accounts payable and accrued expenses

    end of year $33,125

  • 27 · Net assets without donor restrictions

    beginning of year $199,758 · end of year $422,725

Mission and programs · 2023

Mission

IN ORDER TO ENVISION OHIO AS A PLACE WHERE BUSINESSES THRIVE, COMMUNITIES ARE SAFE AND STRONG, AND PUBLIC POLICY SUPPORTS ECONOMIC FREEDOM, THE OHIO CHAMBER RESEARCH FOUNDATION DOES ITS PART BY PROMOTING A HEALTHY ECONOMY IN OHIO BY EXPLORING STRATEGIES AND DELIVERING COMPREHENSIVE, OBJECTIVE RESEARCH AND INFORMATION.

  • RESEARCH PROGRAMSTHE ORGANIZATION CONDUCTED THE FOLLOWING RESEARCH PROGRAMS IN 2023:THE BLUEPRINT FOR OHIO'S ECONOMIC FUTURE: THE BLUEPRINT FOR OHIO'S ECONOMIC FUTURE IS A COMPREHENSIVE REPORT THAT FOCUSES ON THE KEY AREAS FOR ECONOMIC GROWTH AND IMPROVEMENT FOR THE STATE OF OHIO. BASED ON THE FINDINGS AND RECOMMENDATIONS IN THE BLUEPRINT, THE OHIO CHAMBER WILL LEVERAGE THE REPORT TO PROVIDE POLICY SOLUTIONS THAT WILL DRIVE ECONOMIC GROWTH IN THE STATE FOR DECADES TO COME. THE REPORT FOCUSES ON 6 STRATEGIC AREAS OF OPPORTUNITY TO INCREASE OHIO'S COMPETITIVENESS: (1) EDUCATION & WORKFORCE, (2) SENSE OF PLACE, (3) TAXES AND COSTS, (4) BUSINESS FRIENDLINESS, (5) INNOVATION & COLLABORATION AND (6) INFRASTRUCTURE. (PROGRAMS CONTINUED IN SCHEDULE O)OHIO TAX BENCHMARKING ANALYSIS: THE OHIO CHAMBER OF COMMERCE RESEARCH FOUNDATION, IN PARTNERSHIP WITH ERNST & YOUNG, CONDUCTED A COMPREHENSIVE ANALYSIS OF OHIO'S TAX LANDSCAPE. THIS IN-DEPTH STUDY PROVIDED DETAILED COMPARISON OF OHIO'S STATE AND LOCAL TAXES WITH SIX PEER STATES. THIS STUDY HIGHLIGHTS THE IMPORTANCE OF UNDERSTANDING THE COMPLEXITIES OF OHIO'S TAX SYSTEM. THE FINDINGS UNDERSCORE THE NEED FOR POLICYMAKERS AND BUSINESS LEADERS TO WORK TOGETHER TO CREATE A TAX ENVIRONMENT THAT SUPPORTS ECONOMIC GROWTH AND COMPETITIVENESS.ECONOMIC IMPACT HOUSING STUDY: THE COLUMBUS METROPOLITAN HOUSING AUTHORITY PARTNERED WITH THE OHIO CHAMBER OF COMMERCE RESEARCH FOUNDATION TO PROVIDE THE ECONOMIC IMPACT OF AFFORDABLE HOUSING PROGRAMS THROUGHOUT THE STATE OF OHIO. WITH PROGRAMS SUCH AS THE HOUSING CHOICE VOUCHER AND PROJECT-BASED RENTAL ASSISTANCE, THE EFFICACY OF AFFORDABLE HOUSING PROGRAMS NEEDS TO BE CONTINUALLY ASSESSED TO ENSURE THE RIGHT INVESTMENTS ARE BEING MADE BY ALL STAKEHOLDERS FROM GOVERNMENT TO PRIVATE INSTITUTIONS. THE STUDY ALSO AIMED TO HELP STRATEGY ON HOW TO ADDRESS THE GROWING DEMAND FOR WORKFORCE HOUSING ACROSS THE STATE.

    Expenses $163,450

  • GRANT ASSISTANCETHE ORGANIZATION PROVIDES GRANTS TO SUPPORT ORGANIZATION'S WITH SIMILAR MISSIONS.

    Expenses $34,151 · Grants $34,151

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stacy Rastauskas Bretherton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Maria Haberman

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rita Williams

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Larry Kidd

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frank Carrino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Megan Reichert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Snyder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Zaino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Walt Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Justin Barnes

    EXECUTIVE DIRECTOR (1/1/23-3/31/23)

    Total calculated
    $134,278
    From this org
    $0
    From related orgs
    $111,569
    Other
    $22,709
    Hours/week
    40

  • Demetrius Thomas

    EXECUTIVE DIRECTOR (4/1/23)

    Total calculated
    $114,900
    From this org
    $0
    From related orgs
    $101,493
    Other
    $13,407
    Hours/week
    40

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • OHIO CHAMBER INSURANCE AGENCY INC

    C · INSURANCE AGENCY · OH

    Directly controlled by OHIO CHAMBER OF COMMERCE

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349313464

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