Tipp City Chamber Of Commerce Inc
- Assets
- $83.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tipp City, OH
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 31-0562959
Organization Overview
Tipp City Chamber Of Commerce Inc is located in Tipp City, OH. The organization was established in 1992. 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. Tipp City Chamber Of Commerce Inc 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 12/2023, Tipp City Chamber Of Commerce Inc generated $87.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $103.6k during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE TIPP CITY CHAMBER OF COMMERCE OFFERS A WEALTH OF BENEFITS ALL DESIGNED TO ATTRACT AND SUPPORT BUSINESSES IN OUR VIBRANT AND FRIENDLY COMMUNITY. THE CHAMBER PROVIDES SERVICES, PROGRAMS AND LEADERSHIP TO PROMOTE ECONOMIC GROWTH AND FOSTER A HEALTHY BUSINESS ENVIRONMENT. WE ARE A FREQUENT SOURCE OF INFORMATION AND PROVIDE REFERRALS FOR MEMBER BUSINESSES TO OTHER LOCAL BUSINESSES AND INDIVIDUALS AS WELL AS TO THOSE INTERESTED IN RELOCATING TO OUR CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Catalano Treasurer | 1 | $0 | |
Erik Nordquist Chairman | 1 | $0 | |
Andy Heinl Chairman Elect | 1 | $0 | |
Corey Vaughn Past Chair | 1 | $0 | |
Meredith Coughlin Director | 40 | $9,104 | |
Elizabeth Sonnanstine Executive Dir. | 40 | $39,475 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $64,335 |
| Investment income | $1,502 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,466 |
| Other Revenue | $0 |
| Total Revenue | $87,303 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,628 |
| Professional fees and other payments to independent contractors | $8,289 |
| Occupancy, rent, utilities, and maintenance | $6,300 |
| Printing, publications, postage, and shipping | $137 |
| Other expenses | $24,284 |
| Total expenses | $103,638 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,543 |
| Other assets | $0 |
| Total assets | $83,920 |
| Total liabilities | $0 |
| Net assets or fund balances | $83,920 |