Canton Regional Chamber Of Commerce
- Assets
- $4.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 29
- Location
- Canton, OH
- Founding
- 12/1944
- Data as of
- 12/2022
- EIN
- 34-0129930
Organization Overview
Canton Regional Chamber Of Commerce is located in Canton, OH. The organization was established in 1944. 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 12/2022, Canton Regional Chamber Of Commerce employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton Regional 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 12/2022, Canton Regional Chamber Of Commerce generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. 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
ADVANCEMENT OF THE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL AND CIVIC WELFARE OF STARK COUNTY AND THE PROMOTION AND PRESERVATION OF THE COMPETITIVE FREE ENTERPRISE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRO FOOTBALL HALL OF FAME ENSHRINEMENT FESTIVAL - TEAM EFFORTS INVOLVING 15 COMMITTEE CHAIRS, 4,000 VOLUNTEERS, 7 EVENTS, TOTAL OF 8,500 GUESTS ATTEND ENSHRINEES' ROUNDTABLE, FASHION SHOW LUNCHEON AND ENSHRINEES' GOLD JACKET DINNER AND 8,000 GUESTS ATTEND THE GRAND PARADE.
ECONOMIC DEVELOPMENT/COMMUNITY - ECONOMIC DEVELOPMENT WITH 50 RETENTION AND EXPANSION EFFORTS, CONDUCT OVER 35 QUALITY EVENTS WITH A MEMBERSHIP BASE OF 1,800 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Saunier President | OfficerTrustee | 40 | $274,539 |
Amanda Sterling Chairman | OfficerTrustee | 10 | $0 |
Mark Wright Treasurer | OfficerTrustee | 5 | $0 |
Joe Feltes Past Chairma | OfficerTrustee | 3 | $0 |
Todd Hawke Vice Chairma | OfficerTrustee | 3 | $0 |
Christopher Goff Vice Chairma | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $96,976 |
| Government grants | $1,943 |
| 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 | $98,919 |
| Total Program Service Revenue | $3,925,508 |
| Investment income | $21,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,500 |
| 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 | $4,063,874 |
| 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. | $305,732 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,428,848 |
| Pension plan accruals and contributions | $80,870 |
| Other employee benefits | $258,233 |
| Payroll taxes | $125,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,994 |
| Fees for services: Other | $18,107 |
| Advertising and promotion | $125,145 |
| Office expenses | $76,239 |
| Information technology | $66,863 |
| Royalties | $0 |
| Occupancy | $62,571 |
| Travel | $21,748 |
| 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 | $55,095 |
| Insurance | $26,258 |
| All other expenses | $43,685 |
| Total functional expenses | $4,296,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $2,695,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $277,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,215 |
| Prepaid expenses and deferred charges | $94,554 |
| Net Land, buildings, and equipment | $739,687 |
| Investments—publicly traded securities | $1,057,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $56,465 |
| Other assets | $0 |
| Total assets | $4,945,733 |
| Accounts payable and accrued expenses | $283,424 |
| Grants payable | $0 |
| Deferred revenue | $575,229 |
| 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 | $270,864 |
| Total liabilities | $1,129,517 |
| Net assets without donor restrictions | $3,807,404 |
| Net assets with donor restrictions | $8,812 |
| 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 | $4,945,733 |
Grants Awarded
Over the last fiscal year, Canton Regional Chamber Of Commerce has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRO FOOTBALL HALL OF FAME PURPOSE: TOURISM | $75,000 |
ARTS IN STARK PURPOSE: TOURISM | $25,000 |