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Nonprofiteer
← GREATER CANTON CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2023

Filed by GREATER CANTON CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$36,310
Total expenses
$171,880
Contributions and grants received
$56,817
Grants paid
$124,317
Program service revenue
$0
Investment income
$632
Other revenue
-$21,139
Total assets, end of year
$4,065,305
Total liabilities, end of year
$528,583
Net assets or fund balances, end of year
$3,536,722
Program services expenses (Part IX)
$153,551
Management and general expenses
$18,329
Fundraising expenses
$0
Program service expenses (Part III)
$153,551

Program services were 89.3% 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.

  • 1f · All other contributions, gifts and grants

    $56,817

  • 3 · Investment income

    total $632 · excluded $632

  • 11a · Other revenue: MILLS PROJECT COMMISSIONS

    total $12,320 · related or exempt $12,320

  • 11b · Other revenue: STARK BOARD OF TRADE LLC

    total $8,066 · related or exempt $8,066

  • 11c · Other revenue: UNDISTRIBUTED INCOME OF SUBSI

    total -$41,525 · related or exempt -$41,525

  • 11e · Other revenue, total

    -$21,139

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $124,317 · program services $124,317

  • 13 · Office expenses

    total $631 · management and general $631

  • 22 · Depreciation, depletion and amortization

    total $17,698 · management and general $17,698

  • 24a · Other expenses: ECONOMIC DEVELOPMENT EXPE

    total $29,234 · program services $29,234

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $773,697 · end of year $1,097,576

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

    $866,947

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

    $566,077

  • 10c · Land, buildings and equipment, net

    beginning of year $318,568 · end of year $300,870

  • 15 · Other assets

    beginning of year $3,104,319 · end of year $2,666,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,526 · end of year $103,817

  • 25 · Other liabilities

    beginning of year $424,766 · end of year $424,766

  • 27 · Net assets without donor restrictions

    beginning of year $3,656,352 · end of year $3,520,782

  • 28 · Net assets with donor restrictions

    beginning of year $15,940 · end of year $15,940

Mission and programs · 2023

Mission

SUPPORT AND SUPPLEMENT THE EFFORTS OF ENTITIES DIRECTED AT RESTORING AND MAINTAINING HEALTHY ECONOMIC AND SOCIAL CONDITIONS IN STARK COUNTY. SUPPORT PROGRAMS FOR TRAINING AND DEVELOPMENT OF VOLUNTEER LEADERS FOR CHARITABLE AND CIVIC ORGANIZATIONS.

  • ECONOMIC DEVELOPMENT & DOWNTOWN ACTIVITIES - RESTORE AND MAINTAIN HEALTHY ECONOMIC AND SOCIAL CONDITIONS IN THE CITY OF CANTON AND STARK COUNTY AND TO LEAD DOWNTOWN CANTON REVITALIZATION EFFORTS.

    Expenses $109,145 · Grants $79,911

  • LEADERSHIP STARK COUNTY, Y STARK AND EDUCATION - CREATE CORPS OF YOUNG PROFESSIONALS AND COMMUNITY LEADERS WHO ARE KNOWLEDGEABLE ABOUT LOCAL NEEDS, ISSUES AND PUBLIC LIFE AND COMMITTED TO COMMUNITY LEADERSHIP.

    Expenses $44,406 · Grants $44,406

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

Listed in Part VII

  • RALPH LEE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • MARK WRIGHT

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • BRAD BELDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • AMANDA STERLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • CHRIS GOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • RYAN FULMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • TERI WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • DENNIS SAUNIER

    PRESIDENT

    Total calculated
    $321,848
    From this org
    $0
    From related orgs
    $296,618
    Other
    $25,230
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $246,618 related
    Bonus
    not reported + $50,000 related
    Other
    not reported
    Deferred
    not reported + $25,230 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $321,848 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

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.0
Source object
202423129349303512

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