Greater Hamilton Chamber Of Commerce
- Assets
- $906.5k
- Revenue
- $597.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Hamilton, OH
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 31-0237220
Organization Overview
Greater Hamilton Chamber Of Commerce is located in Hamilton, OH. The organization was established in 1942. 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 12/2021, Greater Hamilton Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Hamilton 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, Greater Hamilton Chamber Of Commerce generated $597.4k 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 $511.3k 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HAMILTON AREA FOR ECONOMIC DEVELOPMENT AND BUSINESS PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE HAMILTON AREA FOR ECONOMIC DEVELOPMENT AND BUSINESS PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bates Dan President/ce | Officer | 40 | $87,500 |
Stitsinger Dave First Vice C | OfficerTrustee | 1 | $0 |
Durham Marni Chair | OfficerTrustee | 1 | $0 |
Abner Peter 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Demmel Rick Treasurer | OfficerTrustee | 1 | $0 |
Schuster Andy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,476 |
| Total Program Service Revenue | $372,194 |
| Investment income | $887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,974 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $597,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,729 |
| 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. | $93,623 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,264 |
| Pension plan accruals and contributions | $11,084 |
| Other employee benefits | $15,956 |
| Payroll taxes | $22,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,282 |
| Advertising and promotion | $0 |
| Office expenses | $6,632 |
| Information technology | $27,373 |
| Royalties | $0 |
| Occupancy | $24,032 |
| Travel | $4,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $290 |
| Interest | $956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,058 |
| Insurance | $7,117 |
| All other expenses | $1,398 |
| Total functional expenses | $511,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,373 |
| Savings and temporary cash investments | $262,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $228,449 |
| 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 | $5,589 |
| Net Land, buildings, and equipment | $164,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $906,542 |
| Accounts payable and accrued expenses | $7,333 |
| Grants payable | $0 |
| Deferred revenue | $276,551 |
| 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 | $154,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $437,884 |
| Net assets without donor restrictions | $468,658 |
| 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 | $906,542 |
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