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Nonprofiteer
← GREATER SPRINGFIELD CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by GREATER SPRINGFIELD CHAMBER OF COMMERCE.

Totals

Total revenue
$1,830,382
Total expenses
$1,859,712
Contributions and grants received
$409,400
Grants paid
$0
Program service revenue
$127,395
Investment income
$31
Other revenue
$1,293,556
Total assets, end of year
$709,747
Total liabilities, end of year
$427,771
Net assets or fund balances, end of year
$281,976
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1b · Membership dues

    $397,775

  • 1e · Government grants (contributions)

    $11,625

  • 2a · Program service revenue: COMMUNITY VIEWBOOK

    total $48,550 · related or exempt $48,550

  • 2b · Program service revenue: AFFINITY PROGRAMS

    total $25,313 · related or exempt $25,313

  • 2c · Program service revenue: BEST OF SPRINGFIELD

    total $25,018 · related or exempt $25,018

  • 2d · Program service revenue: MEMBER PROGRAMS

    total $24,296 · excluded $24,296

  • 2e · Program service revenue: CHAMBER NIGHT OUT

    total $3,150 · excluded $3,150

  • 2f · All other program service revenue

    total $1,068 · excluded $1,068

  • 3 · Investment income

    total $31 · excluded $31

  • 6a · Gross rents

    real property $6,000

  • 6c · Rental income or loss

    real property $6,000

  • 6d · Net rental income or loss

    total $6,000 · unrelated business $6,000

  • 8a · Fundraising events: gross income

    $61,300

  • 8b · Fundraising events: direct expenses

    $44,952

  • 8c · Net income from fundraising events

    total $16,348

  • 10a · Gross sales of inventory

    $98,855

  • 10b · Cost of goods sold

    $47,826

  • 10c · Net income from sales of inventory

    total $51,029 · unrelated business $51,029

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $1,204,686 · related or exempt $1,204,686

  • 11b · Other revenue: ADVERTISING/OTHER

    total $15,283 · related or exempt $15,283

  • 11c · Other revenue: OTHER INCOME

    total $210 · related or exempt $210

  • 11e · Other revenue, total

    $1,220,179

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $279,664

  • 7 · Other salaries and wages

    total $846,876

  • 8 · Pension plan contributions

    total $54,942

  • 9 · Other employee benefits

    total $87,509

  • 10 · Payroll taxes

    total $78,792

  • 11b · Fees: legal

    total $175

  • 11c · Fees: accounting

    total $1,500

  • 11g · Fees: other

    total $20,181

  • 12 · Advertising and promotion

    total $19,299

  • 13 · Office expenses

    total $31,807

  • 14 · Information technology

    total $54,551

  • 16 · Occupancy

    total $132,020

  • 17 · Travel

    total $28,240

  • 19 · Conferences, conventions and meetings

    total $11,622

  • 22 · Depreciation, depletion and amortization

    total $13,645

  • 23 · Insurance

    total $13,286

  • 24a · Other expenses: PROGRAMS

    total $37,676

  • 24b · Other expenses: DUES AND PERIODICALS

    total $25,122

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $15,700

  • 24d · Other expenses: OTHER DIRECT EXPENSES

    total $12,751

  • 24e · All other expenses

    total $94,354

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,643 · end of year $156,295

  • 2 · Savings and temporary cash investments

    beginning of year $7,776 · end of year $178,680

  • 4 · Accounts receivable

    beginning of year $273,836 · end of year $298,323

  • 8 · Inventories for sale or use

    beginning of year $18,860 · end of year $15,780

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,621 · end of year $19,611

  • 10a · Land, buildings and equipment: cost or other basis

    $100,717

  • 10b · Land, buildings and equipment: accumulated depreciation

    $59,659

  • 10c · Land, buildings and equipment, net

    beginning of year $47,567 · end of year $41,058

  • 17 · Accounts payable and accrued expenses

    beginning of year $278,060 · end of year $280,414

  • 19 · Deferred revenue

    beginning of year $123,937 · end of year $147,357

  • 27 · Net assets without donor restrictions

    beginning of year $311,306 · end of year $281,976

Mission and programs · 2022

Mission

PART III, LINE 1 - TO ADVANCE IMPORTANT ECONOMIC DEVELOPMENT OPPORTUNITIES AND ISSUES, TO HELP OUR MEMBERS GROW THEIR BUSINESSES BY DELIVERING OUTSTANDING OPPORTUNITIES, TO CONNECT WITH EACH OTHER AND THE BROADER COMMUNITY AND TO PARTNER WTIH OTHER ORGANIZATIONS AND WORK COOPERATIVELY WITH GOVERNMENT, NON-PROFIT AND COMMUNITY SECTORS TO PROMOTE GROUND- BREAKING IDEAS THAT WILL MAKE GREATER SPRINGFIELD, OHIO PROGRESSIVE.

  • TO ADVANCE IMPORTANT ECONOMIC DEVELOPMENT OPPORTUNITIES AND ISSUES, TO HELP OUR MEMBERS GROW THEIR BUSINESSES BY DELIVERING OUTSTANDING OPPORTUNITIES, TO CONNECT WITH EACH OTHER AND THE BROADER COMMUNITY AND TO PARTNER WITH OTHER ORGANIZATIONS AND WORK COOPERATIVELY WITH GOVERNMENT, NON-PROFIT AND COMMUNITY SECTORS TO PROMOTE GROUND-BREAKING IDEAS THAT WILL MAKE GREATER SPRINGFIELD, OHIO PROGRESSIVE.

  • SAFETY COUNCIL IS A PROGRAM OFFERED IN CONJUNCTION WITH THE OHIO BUREAU OF WORKERS' COMPENSATION DESIGNED TO INCREASE SAFETY AWARENESS IN THE WORKPLACE. ALL MEMBERS WHO BELONG TO THE SAFETY COUNCIL AND ATTEND A MINIMUM REQUIRED NUMBER OF MONTHLY MEETINGS WILL RECEIVE REDUCED WORKERS' COMP RATES. THE CHAMBER IS THE SPONSORING ENTITY FOR THE COUNCIL AND PROVIDES ACCOUNTING AND SUPPORT SERVICES FOR THE COUNCIL. APPROXIMATELY 275 MEMBERS ARE INVOLVED IN THE SAFETY COUNCIL. MEETINGS ARE HELD ON THE 3RD TUESDAY OF EACH MONTH.

  • CHAMBER NIGHT OUT IS AN INFORMAL NETWORKING OPPORTUNITY FOR MEMBERS. COST TO MEMBERS IS USUALLY 15 PER PERSON. DRINKS AND APPETIZERS ARE PROVIDED BY THE CHAMBER. THESE ARE NORMALLY HELD ON A QUARTERLY BASIS AT A MEMBER'S LOCATION. ON AVERAGE, ABOUT 200 MEMBERS PARTICIPATE IN THESE EVENTS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL MCDORMAN

    CEO

    Total calculated
    $284,664
    From this org
    $230,250
    From related orgs
    $0
    Other
    $54,414
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,250
    Bonus
    $50,000
    Other
    not reported
    Deferred
    $49,414
    Nontaxable benefits
    $5,000
    Filer's total
    $284,664

  • SUNNY DHINGRA

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MCKINNON III

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAREN COTTER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN ROBERTS

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • ARLIN J TOLLIVER SR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICK DEMANA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CORNELIUS HOOKFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JO ALICE BLONDIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG ROGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL FRANDSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD PEPPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY GARRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAMMI ANGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN LANDESS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAUREEN SHEEHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT BUCHANAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE KLOPFENSTEIN

    DIRECTOR

    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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349317013

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