Conneaut Chamber Of Commerce
- Assets
- $72.3k
- Revenue
- $50.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Conneaut, OH
- Founding
- 07/1945
- Data as of
- 12/2019
- EIN
- 34-0161225
Organization Overview
Conneaut Chamber Of Commerce is located in Conneaut, OH. The organization was established in 1945. 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 12/2019, Conneaut Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conneaut 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 12/2019, Conneaut Chamber Of Commerce generated $50.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $45.2k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 3 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR AREA COMMUNITY BUSINESS, AS WELL AS LOCAL SERVICE ORGANIZATIONS AND BE A SOURCE FOR LOCAL TOURISM INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT BUSINESS NETWORKING EXPAND TOURISM AWARENESS OF OUR AREA SUPPORT EDUCATIONAL AWARDS & PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Dubey Executive Director | Officer | 15 | $22,050 |
Penny Armeni 1st Vice President | Officer | 1 | $0 |
Kathy Zappitello President | Officer | 5 | $0 |
Aaron Joslin Treasurer | Officer | 1 | $0 |
Lori Stevens 2nd Vice President | Officer | 1 | $0 |
Gabriel Cellini Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,900 |
| Fundraising events | $5,399 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,544 |
| Total Program Service Revenue | $11,882 |
| Investment income | $86 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,303 |
| 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. | $22,050 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $3,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,308 |
| Travel | $618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172 |
| Insurance | $1,033 |
| All other expenses | $3,859 |
| Total functional expenses | $45,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,456 |
| Savings and temporary cash investments | $57,952 |
| 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 | $367 |
| Net Land, buildings, and equipment | $1,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,298 |
| Accounts payable and accrued expenses | $1,177 |
| 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 | $0 |
| Total liabilities | $1,177 |
| Net assets without donor restrictions | $0 |
| 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 | $71,121 |
| Total liabilities and net assets/fund balances | $72,298 |
Peer Organizations
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|---|---|---|
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Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
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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 |
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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 |