Cuyahoga Falls Chamber Of Commerce
- Assets
- $43.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Cuyahoga Falls, OH
- Founding
- 11/1986
- Data as of
- 12/2022
- EIN
- 34-1520564
Organization Overview
Cuyahoga Falls Chamber Of Commerce is located in Cuyahoga Falls, OH. The organization was established in 1986. 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, Cuyahoga Falls Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cuyahoga Falls 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, Cuyahoga Falls Chamber Of Commerce generated $139.4k 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 (6.6%) each year. All expenses for the organization totaled $173.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ECONOMIC GROWTH AND DEVELOPMENT OF LOCAL BUSINESSES MEMBER SERVICES AND TO PROMOTE AN ACTIVE DIALOGUE AMONG GOVERNMENT, BUSINESS, EDUCATION, AND CIVIC GROUPS COMMUNITY SERVICES
Describe the Organization's Program Activity:
Part 3
LUNCHEONS - MONTHLY SPEAKERS QUARTERLY BREAKFASTS
HOLIDAY RECEPTION AND SILENT AUCTION
COMMUNITY EXPO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Lindgren Board President | 1 | $0 | |
Kamelia Fisher Executive Director | 50 | $80,000 | |
Kathy Romito Board President | 2 | $0 | |
Adam Lafaber Board Vice President | 2 | $0 | |
Cheryl Myatt Secretary | 2 | $0 | |
Stephanie Smith 2nd Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $323 |
| Total Program Service Revenue | $39,816 |
| Membership dues | $86,052 |
| Investment income | $54 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,987 |
| Other Revenue | $2,182 |
| Total Revenue | $139,414 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $32,535 |
| Salaries, other compensation, and employee benefits | $110,175 |
| Professional fees and other payments to independent contractors | $3,491 |
| Occupancy, rent, utilities, and maintenance | $13,315 |
| Printing, publications, postage, and shipping | $3,163 |
| Other expenses | $10,544 |
| Total expenses | $173,223 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,115 |
| Other assets | $0 |
| Total assets | $43,528 |
| Total liabilities | $11,005 |
| Net assets or fund balances | $32,523 |