Heights Area Chamber Of Commerce
- Assets
- $30.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Euclid, OH
- Founding
- 03/1949
- Data as of
- 06/2021
- EIN
- 34-0682303
Organization Overview
Heights Area Chamber Of Commerce is located in South Euclid, OH. The organization was established in 1949. 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. Heights 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 06/2021, Heights Area Chamber Of Commerce generated $54.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $49.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 6 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
WE REINVIGORATED THE MARKETING AND MEMBERSHIP COMMITTEES WHO ACHIEVED MAJOR BENCHMARKS AND GREW OUR MEMBERSHIP BY 15%. ELEVATED OUR PRESENCE WITH A NEW AND IMPROVED WEBSITE, CREATIVE CONTENT, NEWSLETTERS, LANDING PAGE ASSETS AND POSTS. THE LAUNCH OF COFFEE AND CONNECTIONS PROVIDED A NEW VEHICLE TO MEET VIRTUALLY, MAKE NEW FRIENDS, BUSINESS ACQUAINTANCES AND GAIN MEMBERS. SIMPLY FUN ON THE FIRST FRIDAY. BREATHING NEW LIFE INTO OUR SHOP LOCAL CAMPAIGN WITH EMPHASIS ON SUPPORTING SMALL BUSINESSES BROUGHT FOCUS TO MANY OF THOSE BUSINESSES. OUR PHILANTHROPIC CAUSE AND ONE OF OUR MOST RECENT ENDEAVORS WAS AS A SUPPORTIVE PARTNER WITH THE COMMUNITY PARTNERSHIP ON AGING'S "STEP UP TO THE PLATE", RAISING FUNDS TO FEED SENIORS IN OUR SIX-CITY COMMUNITIES. INSPIRING OUR MEMBERS AND COLLEAGUES, WE OFFERED MANY DYNAMIC SPEAKERS THROUGHOUT THE YEAR DURING THE SPEAKER SERIES. WE ADDED THE MEMBER SPOTLIGHT TO THE WEBSITE LANDING PAGE, BENEFITTING BOTH NEW AND EXISTING MEMBERS WHO ARE ABLE TO SHARE THEIR STORY AND THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Schaefer Executive Director | 40 | $31,000 | |
Lee Ann O'brien President | 4 | $0 | |
Kevin Smalley Vice-President | 1.5 | $0 | |
Mark Phelps Treasurer | 1.5 | $0 | |
Jennifer Corso Secretary | 1.5 | $0 | |
David Keller Immediate Past President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,941 |
| Membership dues | $46,574 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,516 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,486 |
| Professional fees and other payments to independent contractors | $1,656 |
| Occupancy, rent, utilities, and maintenance | $1,284 |
| Printing, publications, postage, and shipping | $425 |
| Other expenses | $10,141 |
| Total expenses | $48,992 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,063 |
| Other assets | $0 |
| Total assets | $30,163 |
| Total liabilities | $10,000 |
| Net assets or fund balances | $20,163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
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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 |
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 |