Cincinnati Usa Regional Chamber
- Assets
- $21.2m
- Revenue
- $28.1m
- Investments
- $0.0
- Employees
- 92
- Location
- Cincinnati, OH
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 31-0239310
Organization Overview
Cincinnati Usa Regional Chamber is located in Cincinnati, OH. The organization was established in 1949. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cincinnati USA Regional Chamber employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati USA Regional Chamber 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 12/2022, Cincinnati USA Regional Chamber generated $28.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $26.3m during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW THE VIBRANCY AND ECONOMIC PROSPERITY OF OUR REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Gregory W Harmeyer Treasurer | OfficerTrustee | 1 | $0 |
Mr Tedd H Friedman Corporate Counsel | Trustee | 1 | $0 |
Mr Leigh R Fox Chair | OfficerTrustee | 1 | $0 |
Ms Candace S Mcgraw Secretary | OfficerTrustee | 1 | $0 |
Ms Jill P Meyer CEO | OfficerTrustee | 40 | $598,257 |
Ms Molly North Past Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Craig Price Business Development Consulting | 12/30/22 | $283,992 |
Cincy Nice Social House Llc Event Consulting And Support | 12/30/22 | $202,802 |
Jordan Shoaf It Consultant | 12/30/22 | $168,644 |
Dinsmore & Shohl Llp Legal Advising | 12/30/22 | $141,161 |
Stagnero Distributing Llc Beverage Distributor | 12/30/22 | $160,555 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,012,800 |
| 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 | $1,012,800 |
| Total Program Service Revenue | $26,519,302 |
| Investment income | $292,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $282,837 |
| Net Gain/Loss on Asset Sales | -$13,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,114,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| 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. | $1,368,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,787,865 |
| Pension plan accruals and contributions | $224,314 |
| Other employee benefits | $653,714 |
| Payroll taxes | $549,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $298,523 |
| Fees for services: Accounting | $67,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,778,762 |
| Advertising and promotion | $1,730,470 |
| Office expenses | $1,024,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $569,656 |
| Travel | $144,142 |
| 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 | $108,692 |
| Insurance | $0 |
| All other expenses | $148,281 |
| Total functional expenses | $26,349,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,118,973 |
| Pledges and grants receivable | $540,836 |
| Accounts receivable, net | $729,813 |
| 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 | $236,935 |
| Net Land, buildings, and equipment | $655,935 |
| Investments—publicly traded securities | $10,351,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,557,445 |
| Total assets | $21,191,885 |
| Accounts payable and accrued expenses | $2,168,304 |
| Grants payable | $0 |
| Deferred revenue | $2,609,748 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $152,125 |
| 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 | $1,758,167 |
| Total liabilities | $6,688,344 |
| Net assets without donor restrictions | $14,181,398 |
| Net assets with donor restrictions | $322,143 |
| 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 | $21,191,885 |
Grants Awarded
Over the last fiscal year, Cincinnati Usa Regional Chamber has awarded $250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CINCYTECH LLC PURPOSE: See Part IV | $150,000 |
THE MOVE FORWARD PAC PURPOSE: PROGRAM SUPPORT | $100,000 |