Westerville Area Chamber Of Commerce
- Assets
- $804.0k
- Revenue
- $471.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Westerville, OH
- Founding
- 09/1969
- Data as of
- 12/2022
- EIN
- 31-0737083
Organization Overview
Westerville Area Chamber Of Commerce is located in Westerville, OH. The organization was established in 1969. 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, Westerville Area Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westerville Area 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, Westerville Area Chamber Of Commerce generated $471.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $454.2k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 7 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
ESTABLISHMENT AND DEVELOPMENT OF ACTIVE LEADERSHIP IN THE COMMUNITY ON BEHALF OF ITS MEMBERS AND AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES- TO PROVIDE PLATFORM FOR NETWORKING AND PROMOTION OF MEMBERS BUSINESSES THROUGH ACTIVITIES, MEETINGS AND PUBLICATIONS INCLUDING MEMBER SERVICES DIRECTORY AND SKILL PROMOTION AND DEVELOPMENT.
ECONOMIC DEVELOPMENT- PERIODIC AREA EVENTS AND ACTIVITIES TO PROMOTE ECONOMIC GROWTH AND SUPPORT OF AREA BUSINESSES, EDUCATION AND COMMUNITY IMPROVEMENT.
GOVERNMENT RELATIONS- PROVIDES FORUM FOR DISCUSSION AND SHARING OF INFORMATION TO MEMBERS AND THE COMMUNITY ABOUT STATE AND LOCAL GOVERNMENT ACTIVITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Tressler-Davis President & CEO | Officer | 50 | $112,800 |
Polly Clavijo Board Chair | OfficerTrustee | 2 | $0 |
Amy Balster Chair Elect | OfficerTrustee | 10 | $0 |
Mark Smolik Vice Chair | OfficerTrustee | 5 | $0 |
Eric Stolly Vice Chair | OfficerTrustee | 5 | $0 |
Tony Lanasa Treasurer | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $217,179 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,800 |
| Total Program Service Revenue | $61,240 |
| Investment income | $1,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $150 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $86,326 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $471,744 |
| 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. | $112,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,867 |
| Pension plan accruals and contributions | $2,991 |
| Other employee benefits | $12,453 |
| Payroll taxes | $36,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $466 |
| Advertising and promotion | $0 |
| Office expenses | $30,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,576 |
| Travel | $1,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,959 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,056 |
| Insurance | $0 |
| All other expenses | $5,512 |
| Total functional expenses | $454,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,128 |
| Savings and temporary cash investments | $474,674 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,685 |
| 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 | $271,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,497 |
| Total assets | $804,008 |
| Accounts payable and accrued expenses | $11,177 |
| Grants payable | $0 |
| Deferred revenue | $139,778 |
| 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 | $150,955 |
| Net assets without donor restrictions | $514,168 |
| Net assets with donor restrictions | $138,885 |
| 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 | $804,008 |