Columbus Area Chamber Foundation Inc
- Assets
- $302.3k
- Revenue
- $613.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, IN
- Founding
- 09/1973
- Data as of
- 12/2021
- EIN
- 23-7282642
Organization Overview
Columbus Area Chamber Foundation Inc is located in Columbus, IN. The organization was established in 1973. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Area Chamber Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Columbus Area Chamber Foundation Inc generated $613.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $334.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Columbus Area Chamber Foundation Inc has awarded 13 individual grants totaling $249,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE ECONOMIC PROGRAMS TO BENEFIT THE RESIDENTS OF COLUMBUS/BARTHOLOMEW COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLUMBUS PROPELLER WAS FORMED IN MARCH 2021 TO CREATE A MAKERSPACE FOR THE COMMUNITY. TARGETED INVESTMENT IN MINORITY ENTREPRENEURS (TIME) WAS CREATED TO BUILD FINANCIAL BRIDGES AND INCREASE THE LIKELIHOOD OF SUCCESS FOR LOCAL MINORITY ENTREPRENEURS. THE FOUNDATION RECEIVES THE FUNDING FOR TIME AND MANAGES THE EXPENSES. VELOCITIES IS A REGIONAL PARTNERSHIP WITH ELEVATE VENTURES AND THE MILL BASED IN BLOOMINGTON. VELOCITIES OFFERS ONE-ON-ONE MENTORING AND EARLY STAGE CAPITAL AND EDUCATIONAL PROGRAMS. THE FOUNDATION IS THE FISCAL AGENT FOR ALL THREE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mciver Board Chair | OfficerTrustee | 1 | $0 |
Scott Redelman Board Past Chair | OfficerTrustee | 1 | $0 |
Tara James Board Vice Chair | OfficerTrustee | 1 | $0 |
John Sadtler Board Member | Trustee | 1 | $0 |
Lisa Abendroth Board Member | Trustee | 1 | $0 |
Cindy Frey President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $612,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,830 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $269,750 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,791 |
| Office expenses | $535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,756 |
| All other expenses | $3,544 |
| Total functional expenses | $334,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $302,305 |
| Accounts payable and accrued expenses | $198 |
| Grants payable | $32,000 |
| Deferred revenue | $0 |
| 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 | $32,198 |
| Net assets without donor restrictions | -$9,333 |
| Net assets with donor restrictions | $279,440 |
| 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 | $302,305 |
Grants Awarded
Over the last fiscal year, Columbus Area Chamber Foundation Inc has awarded $249,750 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: FUNDS TO ASSIST ENTREPRENEURS IN INDIANA. | $139,750 |
TRAINERCONNECT LLC (JADEN WILSON) PURPOSE: FUNDS TO ASSIST MINORITY OWNED BUSINESSES. | $15,000 |
SPIRIT FILLED CATERING LLC (FRANCELL WADE) PURPOSE: FUNDS TO ASSIST MINORITY OWNED BUSINESSES. | $15,000 |
KEISHA RAE ESTHETICS (KEISHA CLOUGH) PURPOSE: FUNDS TO ASSIST MINORITY OWNED BUSINESSES. | $11,000 |
ADVANCE BUSINESS COMPUTING (DEBRA PETERS-SMITH) PURPOSE: FUNDS TO ASSIST MINORITY OWNED BUSINESSES. | $10,000 |
COACH'S CUTZ (HAYWARD GIBSON) PURPOSE: FUNDS TO ASSIST MINORITY OWNED BUSINESSES. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Columbus Area Chamber Foundation Inc has recieved totaling $162,800.
| Awarding Organization | Amount |
|---|---|
Heritage Fund Of Bartholomew County Inc Columbus, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $77,800 |
Elevate Ventures Inc Indianapolis, IN PURPOSE: Regional sponsorship | $65,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $15,000 |
First Financial Foundation Cincinnati, OH PURPOSE: TIME PROGRAM TO IMPROVE THE SUSTAINABILITY OF AND GROW LOCAL BUSINESSES AS A WAY TO BUILD BACK WEALTH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |