Springboro Chamber Of Commerce
- Assets
- $306.7k
- Revenue
- $281.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Springboro, OH
- Founding
- 05/1998
- Data as of
- 09/2021
- EIN
- 31-1340778
Organization Overview
Springboro Chamber Of Commerce is located in Springboro, OH. The organization was established in 1998. 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 09/2021, Springboro Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springboro 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 09/2021, Springboro Chamber Of Commerce generated $281.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $201.9k during the year ending 09/2021. While expenses have increased by 5.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS IN THE SPRINGBORO, OHIO AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INFORMATION AND SERVICES TO OUR 714 MEMBERS, SUCH AS BUSINESS EXPO AND HELP MEMBERS OBTAIN DISCOUNTS.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Hughes Executive Director (oct - Aug) | OfficerTrustee | 40 | $50,196 |
Bryan Hunter Past Chair | OfficerTrustee | 1 | $0 |
Sheila Lairson Chair | OfficerTrustee | 1 | $0 |
Marsha Kelley Secretary | OfficerTrustee | 1 | $0 |
John Parks Treasurer | OfficerTrustee | 1 | $0 |
Alison Liddic Executive Director (sep) | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,096 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,247 |
| 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 | $164,343 |
| Total Program Service Revenue | $0 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $116,960 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,950 |
| 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. | $50,196 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,065 |
| Payroll taxes | $8,159 |
| 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 | $0 |
| Advertising and promotion | $5,656 |
| Office expenses | $13,754 |
| Information technology | $11,957 |
| Royalties | $0 |
| Occupancy | $18,281 |
| Travel | $434 |
| 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 | $10,182 |
| Insurance | $805 |
| All other expenses | $0 |
| Total functional expenses | $201,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,444 |
| 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 | $5,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $98,107 |
| Other assets | $0 |
| Total assets | $306,685 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $2,346 |
| Total liabilities | $2,346 |
| Net assets without donor restrictions | $304,339 |
| Net assets with donor restrictions | $0 |
| 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 | $306,685 |
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