Clermont County Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $850.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Cincinnati, OH
- Founding
- 10/1972
- Data as of
- 06/2023
- EIN
- 31-0788717
Organization Overview
Clermont County Chamber Of Commerce is located in Cincinnati, OH. The organization was established in 1972. 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 06/2023, Clermont County Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clermont County 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 06/2023, Clermont County Chamber Of Commerce generated $850.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $633.0k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ASSIST IN THE ECONOMIC DEVELOPMENT OF BUSINESSES IN CLERMONT COUNTY, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT PROGRAM - PROMOTES SECTOR SUPPORT OF PLANNED DEVELOPMENT, RETENTION, AND EXPANSION OF BUSINESS IN CLERMONT COUNTY, OHIO.
TRAINING PROGRAMS - COURSES IN PUBLIC/PRIVATE LEADERSHIP AND IMPROVING MANAGEMENT SKILLS.
SMALL BUSINESS ENTERPRISE PROGRAM - ASSISTS NEW OR TROUBLED SMALL BUSINESSES IN CLERMONT COUNTY, OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Pattison Member | Trustee | 1 | $0 |
Stewart Greenlee Member | Trustee | 1 | $0 |
Jeff Bauer Chair Emeritus | OfficerTrustee | 1 | $0 |
Jeff Weir Member | Trustee | 1 | $0 |
Steve Hood Treasurer | OfficerTrustee | 1 | $0 |
Letitia Fulkerson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,665 |
| 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 | $156,665 |
| Total Program Service Revenue | $687,598 |
| Investment income | $6,120 |
| 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 | $850,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,706 |
| 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. | $189,532 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,278 |
| Payroll taxes | $34,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,482 |
| Advertising and promotion | $9,596 |
| Office expenses | $28,342 |
| Information technology | $23,967 |
| Royalties | $0 |
| Occupancy | $65,673 |
| Travel | $12,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,836 |
| Insurance | $6,817 |
| All other expenses | $0 |
| Total functional expenses | $633,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,472 |
| Savings and temporary cash investments | $371,757 |
| Pledges and grants receivable | $156,665 |
| 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 | $7,601 |
| Net Land, buildings, and equipment | $11,586 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $573,912 |
| Total assets | $1,169,993 |
| Accounts payable and accrued expenses | $4,348 |
| Grants payable | $0 |
| Deferred revenue | $249,639 |
| 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 | $639,509 |
| Total liabilities | $893,496 |
| Net assets without donor restrictions | $276,497 |
| 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 | $1,169,993 |
Grants Awarded
Over the last fiscal year, Clermont County Chamber Of Commerce has awarded $7,006 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS WAVE PURPOSE: GENERAL SUPPORT | $250 |
LITERACY COUNCILE OF CLERMONT AND BROWN COUNTIES PURPOSE: GENERAL SUPPORT | $300 |
REDI CINCINNATI LLC PURPOSE: GENERAL SUPPORT | $5,000 |
UNITED WAY OF GREATER CINCINNATI PURPOSE: GENERAL SUPPORT | $1,456 |