Richland Area Chamber Of Commerce
- Assets
- $906.9k
- Revenue
- $950.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Mansfield, OH
- Founding
- 07/1942
- Data as of
- 12/2021
- EIN
- 34-0375840
Organization Overview
Richland Area Chamber Of Commerce is located in Mansfield, 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. As of 12/2021, Richland Area Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland 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, Richland Area Chamber Of Commerce generated $950.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $919.1k during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE IS TO BE A LEADING ADVOCATE FOR ECONOMIC AND BUSINESS SUCCESS IN THE RICHLAND COUNTY AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED MEETINGS FOR BUSINESS PROFESSIONALS TO COME TOGETHER TO NETWORK AND PROMOTE THEIR BUSINESSES.
NETWORKING AND PROMOTING BUSINESSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodie Perry President | Officer | 40 | $110,368 |
Name Not Listed Chair-Elect | OfficerTrustee | 1 | $0 |
Vinson Yates Vice-Chair | OfficerTrustee | 1 | $0 |
David Eichinger Vice-Chair | OfficerTrustee | 1 | $0 |
Carl Fernyak Rcdg Chair | OfficerTrustee | 1 | $0 |
Chris Hiner Chair | OfficerTrustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $378,865 |
| Investment income | $4,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $863 |
| Net Income from Fundraising Events | $46,984 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,285 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,905 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,068 |
| Pension plan accruals and contributions | $18,186 |
| Other employee benefits | $36,026 |
| Payroll taxes | $46,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,309 |
| Office expenses | $9,341 |
| Information technology | $27,405 |
| Royalties | $0 |
| Occupancy | $29,327 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,592 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,884 |
| Insurance | $3,987 |
| All other expenses | $26,458 |
| Total functional expenses | $919,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,570 |
| Savings and temporary cash investments | $154,840 |
| 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 | $305,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,859 |
| Total assets | $906,885 |
| Accounts payable and accrued expenses | $0 |
| 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 | $60,583 |
| Total liabilities | $60,583 |
| Net assets without donor restrictions | $843,140 |
| Net assets with donor restrictions | $3,162 |
| 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 | $906,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Regional Industrial Development Corporation Of Sw Pa Pittsburgh, PA | $178,323,730 | $33,758,702 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |
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 |