Piqua Chamber Of Commerce
- Assets
- $528.2k
- Revenue
- $277.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Piqua, OH
- Founding
- 04/1972
- Data as of
- 12/2022
- EIN
- 31-0503607
Organization Overview
Piqua Chamber Of Commerce is located in Piqua, OH. The organization was established in 1972. 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 12/2022, Piqua Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piqua Chamber Of Commerce 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, Piqua Chamber Of Commerce generated $277.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $252.7k during the year ending 12/2022. While expenses have increased by 0.7% 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 WORK WITH BUSINESS TO IMPROVE AND ENHANCE THE CITY OF PIQUA
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERFACE WITH EDUCATION AND BUSINESS TO DEVELOP A CHANNEL OF COMMUNICATION AND COOPERATION.
OTHER SERVICES INCLUDE: BUSINESS TRAINING; TOURISM; ETC. ALL SERVICES BENEFIT HUNDREDS OF BUSINESS AND PROFESSIONAL FIRMS.
BUSINESS AND CIVIC RECOGNITION
CREATING AND MAINTAINING A POSITIVE COMMUNITY IMAGE THROUGH BUSINESS, CIVIC AND CULTURAL ENRICHMENT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Sherman Chamber Pres | Officer | 40 | $84,732 |
John Brooks Board Member | Trustee | 0.5 | $0 |
Cynamyn Clem Chairperson | OfficerTrustee | 0.5 | $0 |
Susan Curtis Board Member | Trustee | 0.5 | $0 |
Joe Dickerson 2nd Vice Cha | OfficerTrustee | 0.5 | $0 |
Jj Frigge Board Member | Trustee | 0.5 | $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 | $6,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,516 |
| Total Program Service Revenue | $268,615 |
| Investment income | $313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,960 |
| Net Gain/Loss on Asset Sales | -$5,956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,726 |
| 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. | $84,732 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,411 |
| Pension plan accruals and contributions | $3,160 |
| Other employee benefits | $1,705 |
| Payroll taxes | $9,001 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,051 |
| Office expenses | $12,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,958 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $357 |
| Interest | $2,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,901 |
| Insurance | $2,179 |
| All other expenses | -$1,421 |
| Total functional expenses | $252,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $451 |
| Prepaid expenses and deferred charges | $114 |
| Net Land, buildings, and equipment | $222,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $528,237 |
| Accounts payable and accrued expenses | $61,615 |
| Grants payable | $0 |
| Deferred revenue | $44,489 |
| 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 | $109,512 |
| Other liabilities | $0 |
| Total liabilities | $215,616 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $287,615 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $25,006 |
| Total liabilities and net assets/fund balances | $528,237 |