European-American Chamber Ofcommerce Of Greater Cincinnati
- Assets
- $281.7k
- Revenue
- $280.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Cincinnati, OH
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 20-5745762
Organization Overview
European-American Chamber Ofcommerce Of Greater Cincinnati is located in Cincinnati, OH. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, European-American Chamber Ofcommerce Of Greater Cincinnati employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. European-American Chamber Ofcommerce Of Greater Cincinnati is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, European-American Chamber Ofcommerce Of Greater Cincinnati generated $280.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $258.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE BUSINESS AND NETWORKING RELATIONS BETWEEN EUROPE AND THE CINCINNATI TRI-STATE REGION THROUGH EDUCATION, EXCHANGES, TRADE MISSIONS, INCREASING AWARENESS ENHANCING THE REGION AND EUROPE'S IMAGE, PROVIDING INFORMATION & RESOURCES, INCREASING SOCIAL & PERSONAL INTERACTION, AND IMPROVING THE EUROPEAN EXPATRIATE COMMUNITY'S EXPERIENCE IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT INITIATIVE - A DYNAMIC PLATFORM FOR EACC MEMBER COMPANIES AND ORGANIZATIONS TO INVEST IN THE EACC'S MISSION AND TO SUPPORT U.S. AND EUROPEAN BUSINESSES IN THE REGION GROW THE SCOPE AND PROFITABILITY OF THEIR BUSINESSES THROUGH PROGRAMS THAT: 1. CONNECT MEMBER COMPANIES AND ORGANIZATIONS TO EACH OTHER AND TO RESOURCES THAT CAN SUPPORT GROWTH. 2. PROVIDE INFORMATION (LEGAL/POLICY UPDATES; CROSS-CULTURAL AWARENESS, ETC.) THAT HELP ORGANIZATIONS BETTER UNDERSTAND AND CAPITALIZE ON OPPORTUNITIES AND CHALLENGES. 3. ALLOW MEMBER ORGANIZATIONS TO DEMONSTRATE THEIR UNIQUE VALUE PROPOSITION TO OTHER COMPANIES.
ECONOMIC DEVELOPMENT INITIATIVE - 1. WORK WITH LOCAL AND REGIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS (EDO'S) TO RAISE AWARENESS IN EUROPE OF THE CINCINNATI TRI-STATE REGION AS AN ATTRACTIVE DESTINATION FOR FOREIGN DIRECT INVESTMENT. 2. SUPPORT U.S. COMPANIES SEEKING INFORMATION ABOUT EXPORT AND INVESTMENT OPPORTUNITIES IN EUROPE. 3. WORK DIRECTLY WITH EUROPEAN AND U.S. POTENTIAL INVESTORS TO CONNECT THEM TO THE RESOURCES THAT CAN SUPPORT THEIR INVESTMENT DECISIONS. 4. BUILD RELATIONSHIPS WITH EUROPEAN TRADE COMMISSIONERS, LOCAL AND BILATERAL CHAMBERS OF COMMERCE, DIPLOMATS AND OTHERS AS TOOLS IN SUPPORT OF THE POINTS ABOVE.
TALENT DEVELOPMENT INITIATIVE - 1. CELEBRATE EACC MEMBER COMPANIES AND ORGANIZATIONS THAT ARE LEADING LOCAL EFFORTS TO TRAIN AND RETAIN THE SKILLED WORKFORCE NEEDED FOR THE 21ST CENTURY. 2. CONNECT EACC MEMBER COMPANIES TO RESOURCES THAT CAN HELP THEN MEET THEIR WORKFORCE NEEDS. 3. ADVOCATE FOR MORE POSITIVE ATTITUDES AND A BETTER APPRECIATION FOR THE POSSIBILITIES OF CAREERS IN MANUFACTURING AND TRADES. 4. SUPPORT EUROPEAN AND OTHER EXECUTIVES ARRIVING IN THE CINCINNATI TRI-STATE REGION (AND THEIR FAMILIES) BY HELPING THEM FEEL WELCOME AND TO CONNECT TO PEERS AND RESOURCES THAT EASE THE TRANSITION BOTH PERSONALLY AND PROFESSIONALLY. 5. SUPPORT RETENTION OF YOUNG PROFESSIONALS (35 AND UNDER) WITH PROGRAMS THAT CONNECT THEM TO EACH OTHER AND TO LOCAL EXECUTIVES DEMONSTRATING THAT GREAT INTERNATIONAL CAREERS CAN HAPPEN IN THE CINCINNATI TRI-STATE REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Schwartz Executive Director | Officer | 40 | $89,349 |
Yannick Schilly Board Member | OfficerTrustee | 0.5 | $0 |
Jim Keller Board Secretary | OfficerTrustee | 0.5 | $0 |
Chris Flaig Board Treasurer | OfficerTrustee | 0.5 | $0 |
Dominic Franchini Board President | OfficerTrustee | 0.5 | $0 |
Nelly Bonniol Board Vice President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $203,625 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $73,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,342 |
| Total Program Service Revenue | $1,750 |
| Investment income | $469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,349 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,165 |
| Payroll taxes | $13,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $25,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,084 |
| Office expenses | $4,559 |
| Information technology | $8,998 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385 |
| Insurance | $1,785 |
| All other expenses | $0 |
| Total functional expenses | $258,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,799 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $281,663 |
| Accounts payable and accrued expenses | $2,250 |
| Grants payable | $0 |
| Deferred revenue | $137,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $139,750 |
| Net assets without donor restrictions | $132,992 |
| Net assets with donor restrictions | $8,921 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $281,663 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Regional Industrial Development Corporation Of Sw Pa Pittsburgh, PA | $178,323,730 | $33,758,702 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |