Greater Canton Chamber Of Commerce Foundation Inc
- Assets
- $4.3m
- Revenue
- $509.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, OH
- Founding
- 03/1987
- Data as of
- 12/2021
- EIN
- 34-1536585
Organization Overview
Greater Canton Chamber Of Commerce Foundation Inc is located in Canton, OH. The organization was established in 1987. 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. Greater Canton Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Canton Chamber Of Commerce Foundation Inc generated $509.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $144.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greater Canton Chamber Of Commerce Foundation Inc has awarded 15 individual grants totaling $992,945. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT AND SUPPLEMENT THE EFFORTS OF ENTITIES DIRECTED AT RESTORING AND MAINTAINING HEALTHY ECONOMIC AND SOCIAL CONDITIONS IN STARK COUNTY. SUPPORT PROGRAMS FOR TRAINING AND DEVELOPMENT OF VOLUNTEER LEADERS FOR CHARITABLE AND CIVIC ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT & DOWNTOWN ACTIVITIES - RESTORE AND MAINTAIN HEALTHY ECONOMIC AND SOCIAL CONDITIONS IN THE CITY OF CANTON AND STARK COUNTY AND TO LEAD DOWNTOWN CANTON REVITALIZATION EFFORTS.
LEADERSHIP STARK COUNTY, Y STARK AND EDUCATION - CREATE CORPS OF YOUNG PROFESSIONALS AND COMMUNITY LEADERS WHO ARE KNOWLEDGEABLE ABOUT LOCAL NEEDS, ISSUES AND PUBLIC LIFE AND COMMITTED TO COMMUNITY LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Feltes Chairman | OfficerTrustee | 0.5 | $0 |
Dennis Saunier President | OfficerTrustee | 1 | $0 |
Amanda Sterling Secretary | OfficerTrustee | 0.5 | $0 |
Mark Wright Treasurer | OfficerTrustee | 0.5 | $0 |
Rick Mcqueen Director | Trustee | 0.5 | $0 |
Joe Schauer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,972 |
| Total Program Service Revenue | $1,500 |
| Investment income | $43 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $509,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,832 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,280 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $0 |
| Office expenses | $1,097 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,698 |
| Insurance | $0 |
| All other expenses | $5,300 |
| Total functional expenses | $144,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $770,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,000 |
| Net Land, buildings, and equipment | $336,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,204,843 |
| Total assets | $4,321,680 |
| Accounts payable and accrued expenses | $99,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $337,500 |
| Total liabilities | $436,667 |
| Net assets without donor restrictions | $3,869,073 |
| Net assets with donor restrictions | $15,940 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,321,680 |
Grants Awarded
Over the last fiscal year, Greater Canton Chamber Of Commerce Foundation Inc has awarded $74,972 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Canton, OH PURPOSE: SUPPORT | $64,972 |
COMMERCIAL AIR SERVICE RESTORATION PURPOSE: ECONOMIC DEVELOPMENT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Canton Chamber Of Commerce Foundation Inc has recieved totaling $49,442.
| Awarding Organization | Amount |
|---|---|
Stark Community Foundation Inc Canton, OH PURPOSE: GENERAL SUPPORT | $34,357 |
Stark Community Foundation Inc Canton, OH PURPOSE: GENERAL SUPPORT | $15,085 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Manufacturing Engineers Southfield, MI | $77,116,365 | $66,156,404 |
Regional Industrial Development Corporation Of Sw Pa Pittsburgh, PA | $178,323,730 | $33,758,702 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |