Heights Area Chamber Of Commerce
- Assets
- $15.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- South Euclid, OH
- Founding
- 03/1949
- Data as of
- 06/2023
- 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 06/2023, Heights Area Chamber Of Commerce generated $53.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $44.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 4 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
2023
Describe the Organization's Program Activity:
Part 3
COFFEE AND CONNECTIONS CONTINUES VIRTUALLY THE FIRST FRIDAY OF EACH MONTH, ALLOWING NETWORKING IN A FUN CASUAL ENVIRONMENT WITH MEMBERS AND PROSPECTS. EACH MONTH WE POST A DIFFERENT TOPIC TO DISCUSS. OUR IN-PERSON WOMEN OF THE BEACHWOOD AND HEIGHTS-HILLCREST COFFEE HOUR TAKES PLACE THE SECOND THURSDAY OF THE MONTH WITH A FEATURED SPEAKER. MONTHLY IN-PERSON OFF THE CLOCK CONNECTIONS ROTATE BETWEEN MEMBER BUSINESSES IN OUR SIX-CITY COMMUNITIES WHERE WE NETWORK WHILE HAVING FOOD AND DRINK. OUR NOW ANNUAL NETWORKING MEGA MIXER WITH SIX EASTSIDE CHAMBERS WAS A SUCCESSFUL EVENT BRINGING TOGETHER 150 ATTENDEES HOSTED BY ETON ON CHAGRIN AND MABEL'S BBQ. NIGHT AT THE RACES AT THE LYNDHURST COMMUNITY CENTER RAISED FUNDS FOR HRCC'S PROGRAMS. OUR SHOP LOCAL CAMPAIGN WITH EMPHASIS ON SUPPORTING SMALL BUSINESSES BROUGHT FOCUS TO MANY MEMBER BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Smalley President | 6 | $0 | |
Lee Ann O'brien Interim Vice-President | 6 | $0 | |
Mike Wagner Secretary | 1 | $0 | |
Mark Phelps Treasurer | 6 | $0 | |
Arlene Anderson Board Member | 0.5 | $0 | |
Sherry Callahan Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,453 |
| Membership dues | $37,511 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,817 |
| Other Revenue | $0 |
| Total Revenue | $53,781 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $33,413 |
| Occupancy, rent, utilities, and maintenance | $500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,637 |
| Total expenses | $44,550 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,650 |
| Other assets | $0 |
| Total assets | $15,400 |
| Total liabilities | $2,038 |
| Net assets or fund balances | $13,362 |