Toledo Regional Chamber Of Commerce
- Assets
- $4.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Toledo, OH
- Founding
- 03/1930
- Data as of
- 12/2021
- EIN
- 34-4374780
Organization Overview
Toledo Regional Chamber Of Commerce is located in Toledo, OH. The organization was established in 1930. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Toledo Regional Chamber Of Commerce employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Regional 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, Toledo Regional Chamber Of Commerce generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 4.7% 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.
Since 2014, Toledo Regional Chamber Of Commerce has awarded 158 individual grants totaling $2,244,033. 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
PROMOTION OF COMMERCIAL, INDUSTRIAL, AND CIVIC INTERESTS OF THE TOLEDO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT SERVICES - BUSINESS COUNSELING TO STARTUP, GROWING, AND/OR STRUGGLING BUSINESSES
ADVOCACY AND PUBLIC POLICY - ADVOCATING PUBLIC POLICY ON BEHALF OF MEMBER BUSINESSES
WORKFORCE DEVELOPMENT AND TALENT ATTRACTION - PROGRAMMING TO MEET THE REGION'S CURRENT AND FUTURE WORKFORCE NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Gramza President | Officer | 43 | $198,585 |
Thomas Walsh Cfo/coo | Officer | 43 | $115,437 |
Steve Smigelski Chairman | OfficerTrustee | 1 | $0 |
William Mcdonnell Past Chairman | OfficerTrustee | 1 | $0 |
Lynette Reichle Vice Chair | OfficerTrustee | 1 | $0 |
Frederick Treuhaft Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,284,651 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,284,651 |
| Total Program Service Revenue | $1,501,980 |
| Investment income | $61,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $297,537 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,435 |
| Net Income from Fundraising Events | $41,686 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,389,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $359,317 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,580,821 |
| Pension plan accruals and contributions | $50,298 |
| Other employee benefits | $150,744 |
| Payroll taxes | $115,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,699 |
| Fees for services: Accounting | $50,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,574 |
| Fees for services: Other | $0 |
| Advertising and promotion | $135,671 |
| Office expenses | $78,517 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,217 |
| Travel | $29,601 |
| 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 | $52,358 |
| Insurance | $26,788 |
| All other expenses | $59,469 |
| Total functional expenses | $3,501,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,556 |
| Savings and temporary cash investments | $3,569,371 |
| Pledges and grants receivable | $502,639 |
| Accounts receivable, net | $221,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,020 |
| Prepaid expenses and deferred charges | $74,979 |
| Net Land, buildings, and equipment | $205,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,682,612 |
| Accounts payable and accrued expenses | $148,961 |
| Grants payable | $0 |
| Deferred revenue | $628,235 |
| 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 | $168,000 |
| Total liabilities | $945,196 |
| Net assets without donor restrictions | $3,737,416 |
| Net assets with donor restrictions | $0 |
| 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 | $4,682,612 |
Grants Awarded
Over the last fiscal year, Toledo Regional Chamber Of Commerce has awarded $1,896,339 in support to 135 organizations.
| Grant Recipient | Amount |
|---|---|
JPLC LLC DBA JUPMODE PURPOSE: COVID-19 RELIEF | $25,000 |
LITTLE GENERATION DAY CARE PURPOSE: COVID-19 RELIEF | $25,000 |
Toledo, OH PURPOSE: COVID-19 RELIEF | $25,000 |
Toledo, OH PURPOSE: COVID-19 RELIEF | $25,000 |
KDM GROUP LLC PURPOSE: COVID-19 RELIEF | $25,000 |
THE BLARNEY IRISH PUB PURPOSE: COVID-19 RELIEF | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Toledo Regional Chamber Of Commerce has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Jumpstart Inc Cleveland, OH PURPOSE: ECONOMIC DEVELOPMENT | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Usa Regional Chamber Cincinnati, OH | $21,203,474 | $18,734,397 |
Greater Columbus Convention & Visitors Bureau Columbus, OH | $8,565,444 | $15,584,006 |
Ann Arbor Spark Ann Arbor, MI | $15,665,812 | $11,784,140 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |