Over-The-Rhine Chamber Of Commerce Inc
- Assets
- $184.5k
- Revenue
- $309.1k
- Investments
- $2.0k
- Employees
- 2
- Location
- Cincinnati, OH
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 31-1300658
Organization Overview
Over-The-Rhine Chamber Of Commerce Inc is located in Cincinnati, 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. As of 12/2022, Over-The-Rhine Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Over-The-Rhine 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 12/2022, Over-The-Rhine Chamber Of Commerce Inc generated $309.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $223.0k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE OVER-THE-RHINE CHAMBER OF COMMERCE IS TO BE THE DRIVING FORCE FOR CREATING A STRONG ECONOMY WHILE ALSO PROMOTING INCLUSIVITY, EMBRACING DIVERSITY AND CELEBRATING ORIGINALITY. OUR VISION IS FOR OVER-THE-RHINE TO BE A MODEL NEIGHBORHOOD FOR INCLUSIVE URBAN REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ACCOMPLISH THIS THROUGH COMPREHENSIVE MARKETING, SIGNATURE EVENTS, BUSINESS SUPPORT PROGRAMS, AND SAFETY AND BEAUTIFICATION INITIATIVES. THE OTR CHAMBER WAS FORMED IN 1985 AS A 501(C)(6) ORGANIZATION. IN 2000, WE CREATED THE OTR REVITALIZATION CORPORATION, A 501(C)(3), TO TAP INTO AVAILABLE GRANTS AND FISCAL GIFTS. THE ORGANIZATIONS WORK HAND IN HAND TO BRING RESOURCES, EVENTS, COMMERCE, AND AWARENESS TO OUR 360-ACRE NEIGHBORHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Coleman Executive Committee | OfficerTrustee | 1 | $0 |
Bob Deck Executive Committee | OfficerTrustee | 1 | $0 |
Lann Field Chair | OfficerTrustee | 1 | $0 |
Blaise Kah Treasurer | OfficerTrustee | 1 | $0 |
Mike Sullivan Vice Chair | OfficerTrustee | 1 | $0 |
Dan Baranowski Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,215 |
| Fundraising events | $3,000 |
| Related organizations | $36,152 |
| Government grants | $23,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,637 |
| Total Program Service Revenue | $30,651 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,347 |
| 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. | $96,322 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $4,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,718 |
| Office expenses | $8,921 |
| Information technology | $20 |
| Royalties | $0 |
| Occupancy | $20,273 |
| Travel | $4,347 |
| 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 | $7,659 |
| All other expenses | $1,054 |
| Total functional expenses | $223,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,024 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,507 |
| Accounts payable and accrued expenses | $0 |
| 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 | $998 |
| Total liabilities | $998 |
| Net assets without donor restrictions | $183,509 |
| 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 | $184,507 |