Ohio Chamber Of Commerce
- Assets
- $27.7m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 37
- Location
- Columbus, OH
- Founding
- 01/1936
- Data as of
- 12/2022
- EIN
- 31-4357206
Organization Overview
Ohio Chamber Of Commerce is located in Columbus, OH. The organization was established in 1936. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Ohio Chamber Of Commerce employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio 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, Ohio Chamber Of Commerce generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 4 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
AS THE STATE'S LEADING BUSINESS ADVOCATE AND RESOURCE, THE OHIO CHAMBER OF COMMERCE AGGRESSIVELY CHAMPIONS FREE ENTERPRISE, ECONOMIC COMPETITIVENESS AND GROWTH FOR THE BENEFIT OF ALL OHIOANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE REPRESENTATION - MONITORING ACTIVITIES OF THE OHIO GENERAL ASSEMBLY ON MATTERS OF CONCERN TO OHIO BUSINESSES; ARRANGING FOR BUSINESSES TO TESTIFY BEFORE COMMITTEES; REVIEWING LEGISLATION AND COMMUNICATING BUSINESS VIEWS TO THE LEGISLATURE.
BUSINESS INFORMATION - DISSEMINATING INFORMATION ON STATE AND FEDERAL LEGISLATION LAWS, REGULATIONS AND ACTIVITIES THROUGH A BI-MONTHLY MAILED NEWSLETTER, ELECTRONIC COMMUNICATIONS, CONFERENCES AND SEMINARS.
PROMOTING OHIO ECONOMIC GROWTH - PROVIDING INFORMATION AND DIRECT ASSISTANCE TO BUSINESSES SEEKING TO LOCATE AND EXPENSE IN OHIO, PARTICIPATING IN SALES TRIPS AND WORKING WITH OTHER ORGANIZATIONS WITH SIMILAR GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Herzig Board Member | Trustee | 1 | $0 |
Aj Miller Board Member | Trustee | 1 | $0 |
Andy Gehrlein Board Member | Trustee | 1 | $0 |
Aneezal Mohamed Board Member | Trustee | 1 | $0 |
Armani Vadiee Board Member | Trustee | 1 | $0 |
Bill Bishop Executive Committee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Success Group Consulting Services | 12/30/22 | $498,000 |
Capitol Square Ltd Rent | 12/30/22 | $456,753 |
Cipowell Advisory Llc Consulting Services | 12/30/22 | $170,293 |
Squire Patton Boggs Legal Services | 12/30/22 | $137,717 |
Revolution Group Technology Services | 12/30/22 | $166,832 |
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 | $792,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $792,850 |
| Total Program Service Revenue | $5,217,085 |
| Investment income | $497,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $809,100 |
| 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 | $7,351,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $402,981 |
| 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. | $1,077,666 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,661,577 |
| Pension plan accruals and contributions | $279,680 |
| Other employee benefits | $79,563 |
| Payroll taxes | $210,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,058 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,000 |
| Fees for services: Other | $692,391 |
| Advertising and promotion | $113,835 |
| Office expenses | $106,601 |
| Information technology | $29,129 |
| Royalties | $0 |
| Occupancy | $793,261 |
| Travel | $174,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,400 |
| Insurance | $47,134 |
| All other expenses | $26,269 |
| Total functional expenses | $7,062,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,315,649 |
| Savings and temporary cash investments | $610,450 |
| Pledges and grants receivable | $112,229 |
| Accounts receivable, net | $9,781 |
| Loans from Officers, Directors, or Controlling Persons | $173,333 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,914 |
| Net Land, buildings, and equipment | $1,157,976 |
| Investments—publicly traded securities | $17,927,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,392,374 |
| Total assets | $27,747,523 |
| Accounts payable and accrued expenses | $910,688 |
| Grants payable | $0 |
| Deferred revenue | $1,918,108 |
| 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 | $6,397,756 |
| Total liabilities | $9,226,552 |
| Net assets without donor restrictions | $18,520,971 |
| 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 | $27,747,523 |
Grants Awarded
Over the last fiscal year, Ohio Chamber Of Commerce has awarded $200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OHIOANS FOR A HEALTHY ECONOMY INC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
COALITION FOR A SAFER OHIO PURPOSE: OPERATIONAL SUPPORT | $100,000 |