Cincinnati Usa Regional Chamber Foundation
- Assets
- $5.2m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 10/1971
- Data as of
- 12/2021
- EIN
- 23-7089617
Organization Overview
Cincinnati Usa Regional Chamber Foundation is located in Cincinnati, OH. The organization was established in 1971. 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. Cincinnati USA Regional Chamber Foundation 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, Cincinnati USA Regional Chamber Foundation generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 22.2% 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 2015, Cincinnati USA Regional Chamber Foundation has awarded 545 individual grants totaling $24,352,671. 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
TO DEVELOP AND PROMOTE DEVELOPMENT, TALENT INITIATIVES AND THE UNIQUE OFFERINGS IN THE GREATER CINCINNATI REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS OPERATED EXCLUSIVELY FOR PUBLIC, CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING LESSENING THE BURDEN ON LOCAL GOVERNMENTS AND TO CREATE JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Brendon Cull Assistant Treasurer | OfficerTrustee | 2 | $0 |
Mr James M Zimmerman Chair | OfficerTrustee | 2 | $0 |
Ms Michele Speiser Assistant Treasurer | OfficerTrustee | 2 | $0 |
Mr Christopher Che Secretary | OfficerTrustee | 2 | $0 |
Ms Jill P Meyer Vice President | OfficerTrustee | 2 | $0 |
Mr Andrew T Hawking Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,050,799 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,943,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,994,352 |
| Total Program Service Revenue | $0 |
| Investment income | $278 |
| 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 | $8,994,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,388,492 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $650,232 |
| Total functional expenses | $8,038,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,852,685 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $789,050 |
| Accounts receivable, net | $335,544 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $244,285 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,241,564 |
| Accounts payable and accrued expenses | $134,828 |
| 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 | $0 |
| Total liabilities | $134,828 |
| Net assets without donor restrictions | $362,767 |
| Net assets with donor restrictions | $4,743,969 |
| 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 | $5,241,564 |
Grants Awarded
Over the last fiscal year, Cincinnati Usa Regional Chamber Foundation has awarded $7,107,287 in support to 273 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: SEE PART IV | $2,611,637 |
REDI CINCINNATI LLC PURPOSE: SEE PART IV | $533,000 |
CINCINNATI COMPASS PURPOSE: SEE PART IV | $281,150 |
CINCYTECH LLC PURPOSE: ECONOMIC DEVELOPMENT | $85,000 |
IZZY KADETZ INC DBA IZZY'S PURPOSE: SEE PART IV | $31,880 |
BRIDGES NAPALI PURPOSE: SEE PART IV | $31,880 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Cincinnati Usa Regional Chamber Foundation has recieved totaling $2,202,403.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $1,223,153 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: BLINK LIGHTING FESTIVAL | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $150,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $150,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $94,250 |
Cincinnati Regional Business Committee Cincinnati, OH PURPOSE: TO FURTHER THE ORGANIZATIONS PURPOSE. | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |