Stow-Munroe Falls Chamber Of Commerce Inc is located in Stow, OH. The organization was established in 1983. 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, Stow-Munroe Falls Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stow-Munroe Falls Chamber Of Commerce Inc 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, Stow-Munroe Falls Chamber Of Commerce Inc generated $124.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $148.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 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
PROMOTE PROGRESSIVE DEVELOPMENT OF COMMERCE AND INDUSTRY AND TO ENCOURAGE BUSINESS SUPPORT IN STOW AND MUNROE FALLS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie Mclain Executive Di | 40 | $20,769 | |
Jennifer Cork Exec. Dir., | 40 | $9,513 | |
Tom Stephan Board Direct | 1 | $0 | |
Tim Porter Immed Past P | 2 | $0 | |
Wendy Supple Board Direct | 1 | $0 | |
Shon Christy Treasurer | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,725 |
Total Program Service Revenue | $32,074 |
Membership dues | $70,584 |
Investment income | $7 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $17,006 |
Other Revenue | $2,880 |
Total Revenue | $124,276 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $88,574 |
Professional fees and other payments to independent contractors | $6,564 |
Occupancy, rent, utilities, and maintenance | $4,585 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $46,139 |
Total expenses | $148,862 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $50,939 |
Other assets | $0 |
Total assets | $57,101 |
Total liabilities | $1,944 |
Net assets or fund balances | $55,157 |
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