Southern Ohio Chamber Alliance
- Assets
- $1.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Cincinnati, OH
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 31-1398387
Organization Overview
Southern Ohio Chamber Alliance is located in Cincinnati, OH. The organization was established in 2006. 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 12/2023, Southern Ohio Chamber Alliance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Ohio Chamber Alliance 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, Southern Ohio Chamber Alliance generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 49.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS A SMALL EMPLOYER HEALTH CARE ALLIANCE AUTHORIZED BY THE OHIO REVISED CODE, SOCA NEGOTIATES BENEFITS FOR CHAMBERS OF COMMERCE SO THAT THEY, IN TURN, CAN OFFER MUCH-NEEDED BENEFITS TO THEIR CHAMBER MEMBERS. SEVERAL BENEFITS ARE DESIGNED SOLELY FOR BUSINESS OWNERS, THEIR EMPLOYEES, AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVES 129 CHAMBERS OF COMMERCE IN THE STATE OF OHIO. IN 2023 THE SOUTHERN OHIO CHAMBER ALLIANCE SERVED MORE THAN 20,000 MEMBERS IN THE ANTHEM CHAMBER SAVER PLAN, MORE THAN 100,000 EMPLOYEES AND THEIR FAMILIES IN THE SOCA BENEFIT PLAN, AND OVER 900 EMPLOYERS IN WORKERS COMPENSATION GROUP RATING THROUGH THIRD PARTY ADMINISTRATOR HUNTER CONSULTING CO. SEVERAL HUNDRED EMPLOYERS ALSO USED THE CHAMBER ENERGY PROGRAM THROUGH COMMUNITY ENERGY ADVISORS, ELAVON MERCHANT SERVICES AND POINTOF SALE SYSTEMS, AND HUMAN RESOURCES SERVICES THROUGH STRATEGICHR, INC. SOCA ALSO PARTNERS WITH THE CHAMBER OF COMMERCE EXECUTIVES OF OHIO TO PROVIDE TRAINING FOR MOSTLY SUBURBAN AND RURAL CHAMBERS OF COMMERCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Topp Board Member | Trustee | 1 | $0 |
Rick Pearce Board Chair | OfficerTrustee | 1 | $0 |
Matt Owen Vice Chair | OfficerTrustee | 1 | $0 |
Matt Appenzeller Executive Director | Trustee | 40 | $155,775 |
David Peterson Board Member | Trustee | 1 | $0 |
Liz Sonnanstine Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,022,303 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $2,022,303 |
| Total Program Service Revenue | $70,301 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,113,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $290,445 |
| Pension plan accruals and contributions | $11,025 |
| Other employee benefits | $24,783 |
| Payroll taxes | $23,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,165 |
| Fees for services: Accounting | $24,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,813 |
| Advertising and promotion | $162,929 |
| Office expenses | $8,354 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,035 |
| Travel | $7,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,366 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,583 |
| Insurance | $5,810 |
| All other expenses | $21,625 |
| Total functional expenses | $1,806,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,362,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $50,416 |
| Investments—publicly traded securities | $334,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,664 |
| Total assets | $1,774,450 |
| 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 | $1,929 |
| Total liabilities | $1,929 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,772,521 |
| 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 | $1,774,450 |