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Nonprofiteer
← THE CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by THE CHAMBER OF COMMERCE.

Totals

Total revenue
$297,585
Total expenses
$260,532
Contributions and grants received
$189,314
Grants paid
$0
Program service revenue
$95,448
Investment income
$4,886
Other revenue
$7,937
Total assets, end of year
$533,292
Total liabilities, end of year
$178,537
Net assets or fund balances, end of year
$354,755
Program services expenses (Part IX)
$146,123
Management and general expenses
$114,409
Fundraising expenses
$0
Program service expenses (Part III)
$146,123

Program services were 56.1% 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

    $189,314

  • 2a · Program service revenue: PROGRAM REVENUE

    total $95,204 · related or exempt $95,204

  • 2b · Program service revenue: WORKERS COMP SPONSORSHI

    total $244 · related or exempt $244

  • 3 · Investment income

    total $4,886 · related or exempt $4,886

  • 11a · Other revenue: UNREALIZED REV

    total $7,937 · related or exempt $7,937

  • 11e · Other revenue, total

    $7,937

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,090 · program services $63,545 · management and general $63,545

  • 8 · Pension plan contributions

    total $12,077 · management and general $12,077

  • 9 · Other employee benefits

    total $1,376 · management and general $1,376

  • 10 · Payroll taxes

    total $10,209 · program services $5,190 · management and general $5,019

  • 11c · Fees: accounting

    total $3,819 · management and general $3,819

  • 11f · Fees: investment management

    total $2,019 · management and general $2,019

  • 13 · Office expenses

    total $11,953 · program services $5,623 · management and general $6,330

  • 14 · Information technology

    total $8,275 · program services $8,275

  • 16 · Occupancy

    total $13,725 · management and general $13,725

  • 17 · Travel

    total $874 · program services $874

  • 19 · Conferences, conventions and meetings

    total $478 · program services $478

  • 22 · Depreciation, depletion and amortization

    total $623 · management and general $623

  • 23 · Insurance

    total $5,876 · management and general $5,876

  • 24a · Other expenses: PROGRAM EXPENSE

    total $62,138 · program services $62,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $183,337 · end of year $222,694

  • 4 · Accounts receivable

    beginning of year $141,153 · end of year $132,457

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

    $9,953

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

    $9,953

  • 10c · Land, buildings and equipment, net

    beginning of year $623

  • 12 · Investments: other securities

    beginning of year $167,334 · end of year $178,061

  • 15 · Other assets

    beginning of year $80 · end of year $80

  • 19 · Deferred revenue

    beginning of year $174,697 · end of year $173,491

  • 25 · Other liabilities

    beginning of year $128 · end of year $5,046

  • 27 · Net assets without donor restrictions

    beginning of year $304,492 · end of year $341,537

  • 28 · Net assets with donor restrictions

    beginning of year $13,210 · end of year $13,218

Mission and programs · 2023

Mission

THE CHAMBER OF COMMERCE PRIDES ITSELF IN UPHOLDING ITS MISSION TO OFFER BENEFITS AND SERVICES THAT ENHANCE MEMBERS CAPACITY TO REALIZE THEIR BUSINESS GOALS, SERVE AS A A SOURCE OF LEADERSHIP AND PROMOTE IMPROVED QUALITY OF LIFE FOR THE MID-MIAMI VALLEY AREA

  • SPONSORED MONTHLY SEMINARS AND MEETINGS FOR NETWORKING AND EDUCATION. MAINTAINED A DATABASE OF AREA BUSINESSES, MAILING LISTS, SURVEY DATA AND INFORMATION PACKETS AVAILABLE TO MEMBERS.

    Expenses $146,123

As filed on the 2023 return.

Listed in Part VII

  • Rob Zielsdorf

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Chipp Hitt

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Sharon Drewry

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Rick Pearce

    PRESIDENT

    Total calculated
    $0
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 January 2024
IRS schema version
2023v4.0
Source object
202410189349300231

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