Form 990 for tax year 2022
Filed by CINCINNATI USA REGIONAL CHAMBER.
Totals
- Total revenue
- $28,114,499
- Total expenses
- $26,349,561
- Contributions and grants received
- $1,012,800
- Grants paid
- $130,000
- Program service revenue
- $26,519,302
- Investment income
- $279,391
- Other revenue
- $303,006
- Total assets, end of year
- $21,191,885
- Total liabilities, end of year
- $6,688,344
- Net assets or fund balances, end of year
- $14,503,541
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1e · Government grants (contributions)
$1,012,800
-
2a · Program service revenue: PROGRAM SERVICES
total $22,012,599 · related or exempt $22,012,599
-
2b · Program service revenue: MEMBERSHIP DUES
total $3,460,656 · related or exempt $3,460,656
-
2c · Program service revenue: INSURANCE/OTHER BENEFITS
total $1,046,047 · unrelated business $1,046,047
-
3 · Investment income
total $292,477 · excluded $292,477
-
6a · Gross rents
real property $282,837
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $282,837
-
6d · Net rental income or loss
total $282,837 · related or exempt $282,837
-
7a · Gross sales of assets other than inventory
securities $6,082,309
-
7b · Less cost or other basis and sales expenses
securities $6,095,395
-
7c · Gain or loss
securities -$13,086
-
7d · Net gain or loss
total -$13,086 · excluded -$13,086
-
11a · Other revenue: MISCELLANEOUS INCOME
total $20,169 · related or exempt $20,169
-
11e · Other revenue, total
$20,169
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $130,000
-
5 · Compensation of officers, directors and key employees
total $1,368,735
-
7 · Other salaries and wages
total $6,787,865
-
8 · Pension plan contributions
total $224,314
-
9 · Other employee benefits
total $653,714
-
10 · Payroll taxes
total $549,550
-
11b · Fees: legal
total $298,523
-
11c · Fees: accounting
total $67,574
-
11g · Fees: other
total $1,778,762
-
12 · Advertising and promotion
total $1,730,470
-
13 · Office expenses
total $1,024,452
-
16 · Occupancy
total $569,656
-
17 · Travel
total $144,142
-
22 · Depreciation, depletion and amortization
total $108,692
-
24a · Other expenses: INCOME TAX
total $156,585
-
24b · Other expenses: FESTIVALS AND EVENTS
total $8,559,040
-
24c · Other expenses: PROGRAMS
total $1,920,771
-
24d · Other expenses: BAD DEBT
total $128,435
-
24e · All other expenses
total $148,281
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $6,886,464 · end of year $7,118,973
-
3 · Pledges and grants receivable
beginning of year $629,000 · end of year $540,836
-
4 · Accounts receivable
beginning of year $846,522 · end of year $729,813
-
9 · Prepaid expenses and deferred charges
beginning of year $246,239 · end of year $236,935
-
10a · Land, buildings and equipment: cost or other basis
$4,483,011
-
10b · Land, buildings and equipment: accumulated depreciation
$3,827,076
-
10c · Land, buildings and equipment, net
beginning of year $364,686 · end of year $655,935
-
11 · Investments: publicly traded securities
beginning of year $12,230,563 · end of year $10,351,948
-
15 · Other assets
beginning of year $0 · end of year $1,557,445
-
17 · Accounts payable and accrued expenses
beginning of year $3,157,212 · end of year $2,168,304
-
19 · Deferred revenue
beginning of year $3,496,468 · end of year $2,609,748
-
21 · Escrow or custodial account liability
beginning of year $184,931 · end of year $152,125
-
25 · Other liabilities
beginning of year $0 · end of year $1,758,167
-
27 · Net assets without donor restrictions
beginning of year $13,761,263 · end of year $14,181,398
-
28 · Net assets with donor restrictions
beginning of year $603,600 · end of year $322,143
Mission and programs · 2022
Mission
TO GROW THE VIBRANCY AND ECONOMIC PROSPERITY OF OUR REGION.
-
THE CHAMBER PROVIDES NUMEROUS SERVICES, INCLUDING BUSINESS RETENTION AND ATTRACTION, PROGRAMS AND EVENTS, MEMBER BENEFITS TO IMPROVE MEMBERS' BOTTOM LINE, SOLUTIONS TO MEMBERS' WORKFORCE CHALLENGES, GOVERNMENT ADVOCACY, AND MORE TO CREATE AND SUSTAIN A POSITIVE BUSINESS CLIMATE FOR OUR COMMUNITY, INCLUDING DEMONSTRATING A COMMITMENT TO SMALL BUSINESS ASSISTANCE AND ECONOMIC INCLUSION. THESE SERVICES REFLECT OUR FOUR STRATEGIC GOALS: 1. LEAD WITH A BOLD VOICE FOR BUSINESS 2. EXPAND THE REGION'S TALENT BASE3. DEVELOP AND IMPLEMENT OUR REGION'S UNIQUE OFFERINGS 4. MODEL INCLUSION AND REGIONAL THINKING IN EVERYTHING WE DO.THE CHAMBER'S TALENTED PROFESSIONAL STAFF WORKS WITH THOUSANDS OF ENGAGED MEMBER COMPANIES, VOLUNTEERS AND PARTNERS IN AN EFFORT TO CREATE AND SUSTAIN A DYNAMIC CINCINNATI USA, A REGION OF FIFTEEN COUNTIES LOCATED IN THREE STATES. THE CHAMBER'S MEMBER BUSINESSES AND ORGANIZATIONS REPRESENT APPROXIMATELY 2,000 BUSINESSES AND 300,000 EMPLOYEES THROUGHOUT SOUTHWESTERN OHIO, NORTHERN KENTUCKY AND SOUTHEASTERN INDIANA.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MR GREGORY W HARMEYER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
MR TEDD H FRIEDMAN
CORPORATE COUNSEL
- Total calculated
- $0
- Hours/week
- 1
-
MR LEIGH R FOX
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MS CANDACE S MCGRAW
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MS JILL P MEYER
CEO
- Total calculated
- $618,718
- From this org
- $598,257
- From related orgs
- $0
- Other
- $20,461
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $417,906
- Bonus
- $165,000
- Other
- $15,351
- Deferred
- $12,534
- Nontaxable benefits
- $7,927
- Filer's total
- $618,718
-
MS MOLLY NORTH
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MS BARBARA A TURNER
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MS NATALIE L AUZENNE-SWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR DAVID ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR JOSEF ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR TROY BRODIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS MICHELLE GILLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR LONNIE GRAYSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR KENNETH MCNUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR ANDREW HAWKING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR KEVIN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR RICHARD LOFGREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR WARREN WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR JOHN A MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR BEN PARKS JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS MAUREEN BICKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR JAMES W SOWAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR THOMAS WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR JAMES M ZIMMERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR BRIAN HODGETT
MEMBER OF EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
MR PATRICK LAFLEY
MEMBER OF EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
MR JAMES W PRICE II
MEMBER OF EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
MR GERALD A SPARKMAN
MEMBER OF EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
MR JAMES A WATKINS
MEMBER OF EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
MR DERRICK J BRAZIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS SYLVIA BUXTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS KERRY BYRNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR ANDREW D CIAFARDINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR KEITH G DAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS WHITNEY M ECKERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR TIMOTHY A ELSBROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS KAREN FORGUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS DEBORAH HAYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR GREG HERRIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR STEPHEN L HIGHTOWER II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS CAROLYN PIONE MICHELI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS NERISSA E MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR STEPHEN D MULLINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS MAGGIE NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR DAMODAR PADHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR J SCOTT ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS BARBARA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS AMY B SPILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS ASHISH K VAIDYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR JEREMY VAUGHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR JOHN R WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MS MELISSA A WASSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR ALEXANDER M YASTREBENETSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MR BRENDON J CULL
PRESIDENT
- Total calculated
- $418,550
- From this org
- $394,123
- From related orgs
- $0
- Other
- $24,427
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $267,146
- Bonus
- $125,760
- Other
- $1,217
- Deferred
- $11,500
- Nontaxable benefits
- $12,927
- Filer's total
- $418,550
-
MS MICHELLE DOLL-SPEISER
CFO AND COO
- Total calculated
- $331,467
- From this org
- $315,666
- From related orgs
- $0
- Other
- $15,801
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,667
- Bonus
- $49,440
- Other
- $2,559
- Deferred
- $12,778
- Nontaxable benefits
- $3,023
- Filer's total
- $331,467
-
MR DARRIN REDUS
CEO, MBA
- Total calculated
- $302,692
- From this org
- $276,658
- From related orgs
- $0
- Other
- $26,034
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,734
- Bonus
- $47,070
- Other
- $854
- Deferred
- $12,947
- Nontaxable benefits
- $13,087
- Filer's total
- $302,692
-
MR THOMAS DEERE
VP OF MEMBERSHIP
- Total calculated
- $180,346
- From this org
- $171,781
- From related orgs
- $0
- Other
- $8,565
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,125
- Bonus
- $16,875
- Other
- $781
- Deferred
- $8,565
- Nontaxable benefits
- $0
- Filer's total
- $180,346
-
MS KIMBERLY LAUTERBACH
CEO, REDI
- Total calculated
- $430,918
- From this org
- $408,467
- From related orgs
- $0
- Other
- $22,451
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $332,831
- Bonus
- $66,837
- Other
- $8,799
- Deferred
- $11,908
- Nontaxable benefits
- $10,543
- Filer's total
- $430,918
-
MS SUSAN ROBERTS
VP OPERATIONS, REDI
- Total calculated
- $190,424
- From this org
- $178,778
- From related orgs
- $0
- Other
- $11,646
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,834
- Bonus
- $18,460
- Other
- $2,484
- Deferred
- $6,804
- Nontaxable benefits
- $4,842
- Filer's total
- $190,424
-
MS GINA RITTINGER
VP STRATEGIC GROWTH, REDI
- Total calculated
- $195,441
- From this org
- $177,417
- From related orgs
- $0
- Other
- $18,024
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,266
- Bonus
- $18,460
- Other
- $1,691
- Deferred
- $8,537
- Nontaxable benefits
- $9,487
- Filer's total
- $195,441
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 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- LINE 4B: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, JILL MEYER AND KIMM LAUTERBACH. THE SECOND PLAN IS OFFERED TO KEY SENIOR EMPLOYEES OF THE CHAMBER AND IS FUNDED BY BOTH EMPLOYER AND EMPLOYEE CONTRIBUTIONS.
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
-
$130,000
TO SUPPORT THE ORGANIZATION'S MISSION
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.
-
CINCINNATI USA REGIONAL CHAMBER FOUNDATION
501(C)(3) · TO DEVELOP AND PROMOTE ECONOMIC RESEARCH AND DEVELOPMENT IN CINCINNATI AREA · OH · controlled entity
Directly controlled by CINCINNATI USA REGIONAL CHAMBER
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.
-
BUSINESS DEVELOPMENT · OH · income $84 · assets $14,299
Directly controlled by CINCINNATI USA REGIONAL CHAMBER
-
REDI CINCINNATI LLC
ECONOMIC DEVELOPMENT · OH · income $6,028,962 · assets $5,435,764
Directly controlled by CINCINNATI USA REGIONAL CHAMBER
-
CINCINNATI COMPASS LLC
IMMIGRANT INTEGRATION · OH · income $412,674 · assets $587,078
Directly controlled by CINCINNATI USA REGIONAL CHAMBER
-
MINORITY BUSINESS ACCELERATOR
MINORITY BUSINESS DEVELOPMENT · OH · income $1,808,224 · assets $594,901
Directly controlled by CINCINNATI USA REGIONAL CHAMBER
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349306013
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