Salem Chamber Of Commerce
- Assets
- $160.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Salem, OH
- Founding
- 03/1977
- Data as of
- 12/2022
- EIN
- 34-0505970
Organization Overview
Salem Chamber Of Commerce is located in Salem, OH. The organization was established in 1977. 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 12/2022, Salem Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem 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, Salem Chamber Of Commerce generated $170.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $162.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE SALEM AREA CHAMBER OF COMMERCE IS ORGANIZED TO FOSTER, PROMOTE, AND DEVELOP THE ADVANCEMENT OF THE COMMERCIAL, FINANCIAL, INDUSTRIAL, PROFESSIONAL, AND CIVIC INTERESTS OF SALEM, OHIO AND THE GREATER SALEM AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Christopher Past President | 0.5 | $0 | |
Lori Jewell Executive Director | 30 | $44,223 | |
George Morris III Chamber Ambassador | 0.5 | $0 | |
Frank Zamarelli Chamber Ambassador | 0.5 | $0 | |
Julie Needs Director | 0.5 | $0 | |
Betty Brothers Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $81,128 |
| Membership dues | $80,592 |
| Investment income | $33 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,517 |
| Other Revenue | $599 |
| Total Revenue | $170,869 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,120 |
| Professional fees and other payments to independent contractors | $3,778 |
| Occupancy, rent, utilities, and maintenance | $16,914 |
| Printing, publications, postage, and shipping | $1,184 |
| Other expenses | $54,912 |
| Total expenses | $162,474 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,781 |
| Other assets | $0 |
| Total assets | $160,599 |
| Total liabilities | $2,737 |
| Net assets or fund balances | $157,862 |