Knox County Chamber Of Commerce
- Assets
- $278.4k
- Revenue
- $200.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Mt Vernon, OH
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 31-4259860
Organization Overview
Knox County Chamber Of Commerce is located in Mt Vernon, OH. The organization was established in 0000. 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 12/2021, Knox County Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knox County 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 12/2021, Knox County Chamber Of Commerce generated $200.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $204.7k during the year ending 12/2021. 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
THE KNOX COUNTY CHAMBER OF COMMERCE IS A PRIVATE BUSINESS ORGANIZATION AND SERVES AS A VEHICLE THROUGH WHICH THE BUSINESS AND PROFESSIONAL COMMUNITY ARE ORGANIZED TO WORK TOGETHER TO DEFINE AND SOLVE COMMUNITY AND ECONOMIC DEVELOPMENT ISSUES AS WELL AS TO NETWORK AND SUPPORT EACH OTHER. THE CHAMBER FACILITATES POOLING THESE RESOURCES TO PROVIDE BUSINESS AND PROFESSIONAL DEVELOPMENT OTHERWISE UNAVAILABLE TO A BUSINESS ON ITS OWN. THE CHAMBER OF COMMERCE ALSO INITIATES COLLABORATIONS AMONG MUNICIPALITIES, BUSINESSES AND THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL DINNER - CHAMBER RECOGNIZES MEMBERS EXCELLING IN SELECTED CATEGORIES THROUGH AN AWARDS BANQUET.
LEADERSHIP KNOX - CHAMBER CORRODINATES A COMMUNITY LEADERSHIP PROGRAM. THE PROGRAM EDUCATES AND DEVELOPS FUTURE LEADERS ON CRITICAL ISSUES FACING KNOX COUNTY.
GENERAL MEMBERSHIP PROGRAMS INCLUDING ADVOCACY, MEMBER BUSINESS REFERRALS, MONTHLY NEWSLETTERS, AND DISCOUNT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Grubaugh Executive Di | Officer | 40 | $0 |
Brian Huprich Chairman | Officer | 5 | $0 |
Nick Blanchard Treasurer | Officer | 5 | $0 |
Bob Boss Trustee | Officer | 5 | $0 |
Jeremy Abrams Trustee | Officer | 5 | $0 |
Jill Ballenger Trustee | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,842 |
| 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 | $28,842 |
| Total Program Service Revenue | $148,687 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,867 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,164 |
| 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. | $57,970 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,829 |
| Payroll taxes | $15,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $499 |
| Office expenses | $6,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,138 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,661 |
| All other expenses | -$76,756 |
| Total functional expenses | $204,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,360 |
| Savings and temporary cash investments | $259,080 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $278,440 |
| Accounts payable and accrued expenses | $6,786 |
| 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 | $60,116 |
| Total liabilities | $66,902 |
| Net assets without donor restrictions | $211,538 |
| 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 | $278,440 |
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|---|---|---|
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Regional Industrial Development Corporation Of Sw Pa Pittsburgh, PA | $178,323,730 | $33,758,702 |
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Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
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Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
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Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |