South Summit Area Chamber Of Commerce is located in Barberton, OH. The organization was established in 1942. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Summit 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 12/2021, South Summit Area Chamber Of Commerce generated $38.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $8.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (27.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
INCREASE THE VISIBILTY AND PROFITABILITY OF OUR MEMBERS THROUGHEDUCATION AND COMMUNICATION AND TO ENTHUSIASTICALLY PROVIDEMEMBERSHIP SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dorothy Somerville President | 3 | $0 | |
Laura Thomas Treasurer | 2 | $0 | |
Robert Fowler Board Member | 1 | $0 | |
Paula Kallio Board Member | 1 | $0 | |
Rhonda Robinson Board Member | 1 | $0 | |
Karen D Ratchford Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $5 |
Total Program Service Revenue | $829 |
Membership dues | $16,850 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $91 |
Other Revenue | $20,738 |
Total Revenue | $38,513 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $419 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $8,142 |
Total expenses | $8,561 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $59,976 |
Other assets | $0 |
Total assets | $59,976 |
Total liabilities | $0 |
Net assets or fund balances | $59,976 |
Organization Name | Assets | Revenue |
---|---|---|
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
National Truck Equipment Association Farmington Hills, MI | $27,097,486 | $13,173,388 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
Valley Forge Convention & Visitors Bureau Ltd King Of Prussia, PA | $5,553,675 | $9,336,877 |
Indy Championships Fund Inc Indianapolis, IN | $6,870,300 | $5,470,881 |
Cincinnati Usa Regional Chamber Foundation Cincinnati, OH | $5,241,564 | $8,994,630 |
United States Auto Club Inc Speeway, IN | $9,462,749 | $8,803,696 |
Kentucky Chamber Of Commerce Inc Frankfort, KY | $9,516,426 | $9,027,627 |
Materials Research Society Warrendale, PA | $13,527,707 | $7,097,114 |