Minerva Area Chamber Of Commerce
- Assets
- $155.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minerva, OH
- Founding
- 12/1985
- Data as of
- 12/2021
- EIN
- 34-1360499
Organization Overview
Minerva Area Chamber Of Commerce is located in Minerva, OH. The organization was established in 1985. 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. Minerva 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, Minerva Area Chamber Of Commerce generated $96.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $78.1k during the year ending 12/2021. While expenses have increased by 2.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
BUSINESS DEVELOPMENT AND MEMBER SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Freeland Exec Dir/sec | 40 | $47,741 | |
Tom Dillie Board Member | 0.5 | $0 | |
Vickie Grindstaff Treasurer | 1 | $0 | |
Dave Catlett Board Member | 0.5 | $0 | |
Gary Chaddock Vice Preside | 1 | $0 | |
Denise Downard Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,900 |
| Total Program Service Revenue | $6,176 |
| Membership dues | $20,722 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,395 |
| Other Revenue | $5,810 |
| Total Revenue | $96,003 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,637 |
| Professional fees and other payments to independent contractors | $3,105 |
| Occupancy, rent, utilities, and maintenance | $18,886 |
| Printing, publications, postage, and shipping | $529 |
| Other expenses | $3,935 |
| Total expenses | $78,092 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,088 |
| Other assets | $0 |
| Total assets | $155,112 |
| Total liabilities | $1,361 |
| Net assets or fund balances | $153,751 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minerva Area Chamber Of Commerce has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Arts In Stark Canton, OH PURPOSE: 20/20 VISION | $6,000 |
Arts In Stark Canton, OH PURPOSE: 20/20 VISION | $6,000 |
Stark County Convention And Visitors Bureau Canton, OH PURPOSE: ARTS & CULTURAL TOURISM | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
National Truck Equipment Association Farmington Hills, MI | $27,097,486 | $13,173,388 |
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 |