The Chamber Of Commerce
- Assets
- $492.5k
- Revenue
- $280.5k
- Investments
- $167.3k
- Employees
- 3
- Location
- Middletown, OH
- Founding
- Data as of
- 12/2022
- EIN
- 31-0506566
Organization Overview
The Chamber Of Commerce is located in Middletown, OH. As of 12/2022, Chamber Of Commerce employed 3 individuals. 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, Chamber Of Commerce 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 (0.8%) each year. All expenses for the organization totaled $263.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER OF COMMERCE PRIDES ITSELF IN UPHOLDING ITS MISSION TO OFFER BENEFITS AND SERVICES THAT ENHANCE MEMBERS CAPACITY TO REALIZE THEIR BUSINESS GOALS, SERVE AS A A SOURCE OF LEADERSHIP AND PROMOTE IMPROVED QUALITY OF LIFE FOR THE MID-MIAMI VALLEY AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED MONTHLY SEMINARS AND MEETINGS FOR NETWORKING AND EDUCATION. MAINTAINED A DATABASE OF AREA BUSINESSES, MAILING LISTS, SURVEY DATA AND INFORMATION PACKETS AVAILABLE TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Zielsdorf Immediate Past Chair | OfficerTrustee | 2 | $0 |
Chipp Hitt Chair Elect | Officer | 2 | $0 |
Rhonda Seidenschmidt Vice Chair | Officer | 3 | $0 |
Larry Mulligan Member | Trustee | 1 | $0 |
Rick Pearce President | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $191,430 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $191,430 |
| Total Program Service Revenue | $87,525 |
| Investment income | $1,578 |
| 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 | $280,533 |
| 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. | $75,100 |
| Compensation of current officers, directors, key employees. | $37,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,563 |
| Pension plan accruals and contributions | $13,680 |
| Other employee benefits | $0 |
| Payroll taxes | $10,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $291 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,318 |
| Information technology | $4,916 |
| Royalties | $0 |
| Occupancy | $21,162 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,203 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,350 |
| Insurance | $5,482 |
| All other expenses | $13,603 |
| Total functional expenses | $263,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,153 |
| 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 | $623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $167,334 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80 |
| Total assets | $492,527 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $174,697 |
| 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 | $128 |
| Total liabilities | $174,825 |
| Net assets without donor restrictions | $304,492 |
| Net assets with donor restrictions | $13,210 |
| 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 | $492,527 |
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