Canton Regional Chamber Of Commerce
- Assets
- $5.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Canton, OH
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 34-0129930
Organization Overview
Canton Regional Chamber Of Commerce is located in Canton, OH. The organization was established in 1944. 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 12/2021, Canton Regional Chamber Of Commerce employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton Regional 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, Canton Regional Chamber Of Commerce generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
ADVANCEMENT OF THE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL AND CIVIC WELFARE OF STARK COUNTY AND THE PROMOTION AND PRESERVATION OF THE COMPETITIVE FREE ENTERPRISE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRO FOOTBALL HALL OF FAME ENSHRINEMENT FESTIVAL - TEAM EFFORTS INVOLVING 16 COMMITTEE CHAIRS, 4,500 VOLUNTEERS, 7 EVENTS, TOTAL OF 8,500 GUESTS ATTEND ENSHRINEES' ROUNDTABLE, FASHION SHOW LUNCHEON AND ENSHRINEES' GOLD JACKET DINNER AND 8,000 GUESTS ATTEND THE GRAND PARADE.
ECONOMIC DEVELOPMENT/COMMUNITY - ECONOMIC DEVELOPMENT WITH 50 RETENTION AND EXPANSION EFFORTS, CONDUCT OVER 30 QUALITY EVENTS WITH A MEMBERSHIP BASE OF 1,800 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Saunier President | OfficerTrustee | 40 | $326,979 |
Mark Wright Treasurer | OfficerTrustee | 5 | $0 |
Amanda Sterling Vice Chairma | OfficerTrustee | 3 | $0 |
Ralph Lee Vice Chairma | OfficerTrustee | 3 | $0 |
Rick Mcqueen Past Chairma | OfficerTrustee | 3 | $0 |
Joe Feltes Chairman | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $64,972 |
| Government grants | $300,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $984,683 |
| Total Program Service Revenue | $3,981,549 |
| Investment income | $18,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| 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 | $4,995,191 |
| 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. | $349,613 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,385,706 |
| Pension plan accruals and contributions | $83,255 |
| Other employee benefits | $219,557 |
| Payroll taxes | $123,001 |
| 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 | $8,541 |
| Fees for services: Other | $17,863 |
| Advertising and promotion | $98,262 |
| Office expenses | $65,561 |
| Information technology | $51,027 |
| Royalties | $0 |
| Occupancy | $60,380 |
| Travel | $9,917 |
| 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 | $56,246 |
| Insurance | $25,511 |
| All other expenses | $32,049 |
| Total functional expenses | $3,940,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $2,404,334 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $695,107 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,421 |
| Prepaid expenses and deferred charges | $71,783 |
| Net Land, buildings, and equipment | $774,469 |
| Investments—publicly traded securities | $1,213,374 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $56,465 |
| Other assets | $0 |
| Total assets | $5,230,403 |
| Accounts payable and accrued expenses | $228,423 |
| Grants payable | $0 |
| Deferred revenue | $508,638 |
| 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 | $259,424 |
| Total liabilities | $996,485 |
| Net assets without donor restrictions | $4,225,106 |
| Net assets with donor restrictions | $8,812 |
| 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 | $5,230,403 |
Grants Awarded
Over the last fiscal year, Canton Regional Chamber Of Commerce has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, OH PURPOSE: TOURISM | $75,000 |
Canton, OH PURPOSE: TOURISM | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Canton Regional Chamber Of Commerce has recieved totaling $234,122.
| Awarding Organization | Amount |
|---|---|
Aultman Health Foundation Canton, OH PURPOSE: ECONOMIC DEVELOPMENT, STARK COMMUNITY MOVING FORWARD, AKRON-CANTON AIRPORT AIR SERVICE DEVELOPMENT AND OTHER EVENTS | $83,130 |
Cleveland Clinic Foundation Independence, OH PURPOSE: SUPPORT EDUCATIONAL ACTIVITIES | $71,070 |
Greater Canton Chamber Of Commerce Foundation Inc Canton, OH PURPOSE: SUPPORT | $64,972 |
Westfield Insurance Foundation Westfield Center, OH PURPOSE: AKRON-CANTON AIRPORT AIR SVC DVLPMT FD | $10,000 |
Diebold Foundation Hudson, OH PURPOSE: GENERAL OPERATIONS | $2,950 |
Premier Bank Foundation Canfield, OH PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Usa Regional Chamber Cincinnati, OH | $21,203,474 | $18,734,397 |
Greater Columbus Convention & Visitors Bureau Columbus, OH | $8,565,444 | $15,584,006 |
Ann Arbor Spark Ann Arbor, MI | $15,665,812 | $11,784,140 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |