Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $192,500

• 1e · Government grants (contributions)

  $1,056,232

• 1f · All other contributions, gifts and grants

  $5,239,760

• 2a · Program service revenue: MANAGEMENT FEE REVENUE

  total $211,901 · related or exempt $211,901

• 2b · Program service revenue: PROGRAM TUITION & REGI

  total $171,600 · related or exempt $171,600

• 3 · Investment income

  total $73,470 · excluded $73,470

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

  securities $21,675

• 7c · Gain or loss

  securities -$21,675

• 7d · Net gain or loss

  total -$21,675 · excluded -$21,675

• 8a · Fundraising events: gross income

  $167,750

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

  $192,500

• 8b · Fundraising events: direct expenses

  $254,510

• 8c · Net income from fundraising events

  total -$86,760 · excluded -$86,760

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,239,855 · program services $6,239,855

• 11a · Fees: management

  total $211,901 · management and general $211,901

• 11c · Fees: accounting

  total $2,542 · management and general $2,542

• 11f · Fees: investment management

  total $21,940 · management and general $21,940

• 11g · Fees: other

  total $13,245 · management and general $13,245

• 24a · Other expenses: PROGRAM EXPENSES

  total $24,659 · program services $24,659

• 24b · Other expenses: BANK FEES

  total $2,833 · management and general $2,833

• 24c · Other expenses: MEALS AND ENTERTAINMENT

  total $500 · management and general $500

• 24d · Other expenses: OHIO ATTORNEY GENERAL F

  total $200 · management and general $200

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,724,954 · end of year $1,304,650

• 3 · Pledges and grants receivable

  beginning of year $857,879 · end of year $1,156,508

• 4 · Accounts receivable

  end of year $342,425

• 11 · Investments: publicly traded securities

  beginning of year $2,294,526 · end of year $2,619,065

• 13 · Investments: program-related

  beginning of year $244,285 · end of year $217,843

• 17 · Accounts payable and accrued expenses

  beginning of year $1,192,065 · end of year $1,218,949

• 19 · Deferred revenue

  beginning of year $4,000

• 27 · Net assets without donor restrictions

  beginning of year $909,953 · end of year $633,181

• 28 · Net assets with donor restrictions

  beginning of year $3,015,626 · end of year $3,788,361

The filer's explanations (Part III)

PART I, LINES 4A-B

THE CINCINNATI USA REGIONAL CHAMBER PROVIDES TWO NONQUALIFIED DEFERRED BENEFIT PLANS TO SENIOR PERSONNEL. THE FIRST NONQUALIFIED PLAN IS FOR THE CEOS OF THE CHAMBER AND REDI. DISCRETIONARY CONTRIBUTIONS ARE MADE TO A SEPARATE ACCOUNT AND EXPENSED AS INCURRED. THE SECOND PLAN IS OFFERED TO KEY SENIOR EMPLOYEES OF THE CHAMBER AND IS FUNDED BY BOTH EMPLOYER AND EMPLOYEE CONTRIBUTIONS. THESE FUNDS ARE NOT MAINTAINED IN SEPARATE TRUSTS AND ARE SUBJECT TO THE CLAIMS OF THE CHAMBER'S GENERAL CREDITORS. THE CINCINNATI USA REGIONAL CHAMBER PROVIDED A SEVERANCE PAYMENT TO MICHELLE DOLL-SPEISER, WHO WAS THE ORGANIZATION'S CFO AND COO AND SERVED AS THE ASSISTANT TREASURER FOR THE CINCINNATI USA REGIONAL CHAMBER FOUNDATION. THE AMOUNT OF THE SEVERANCE PAYMENT FOR 2023 WAS $116,667.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• MINORITY BUSINESS ACCELERATOR FUND MANAGEMENT

  FUND MANAGER OF MINORITY BUSINESS ACCELERATOR FUNDS · OH · income $211,901 · assets $344,220

  Directly controlled by CINCINNATI USA REGIONAL CHAMBER FOUNDATION