Youngstown-Warren Regional Chamber
- Assets
- $1.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Youngstown, OH
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 34-1731411
Organization Overview
Youngstown-Warren Regional Chamber is located in Youngstown, OH. The organization was established in 1996. 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 12/2021, Youngstown-Warren Regional Chamber employed 26 individuals. This organization is the central organization for a national or regional group of organizations. Youngstown-Warren Regional Chamber 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 12/2021, Youngstown-Warren Regional Chamber generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LEADERSHIP AND BUSINESS SERVICES THAT PROMOTE THE GROWTH OF OUR MEMBERS AND ENHANCE THE ESSENTIAL PARTNERSHIP BETWEEN ECONOMIC DEVELOPMENT AND EDUCATION TO IMPROVE OUR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS DESIGNED FOR THE PURPOSE OF IMPROVING COMMUNICATIONS WITHIN THE BUSINESS COMMUNITY AND TO PROVIDE PROGRAMS, SERVICES, AND EXPERTISE TO PROMOTE DEVELOPMENT AND GROWTH IN THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Coviello Ceo/president/secretary | Officer | 40 | $173,849 |
Sarah A Boyarko COO | Officer | 40 | $134,071 |
Michael Schrock Chairman | OfficerTrustee | 1 | $0 |
John Wilczynski Director | Trustee | 1 | $0 |
Esther Buschau Director | Trustee | 1 | $0 |
Ron Dwinnells Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,110,031 |
| 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 | $2,110,031 |
| 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. | $334,539 |
| Compensation of current officers, directors, key employees. | $81,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $670,796 |
| Pension plan accruals and contributions | $28,625 |
| Other employee benefits | $77,005 |
| Payroll taxes | $81,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $811 |
| Fees for services: Accounting | $10,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,900 |
| Advertising and promotion | $0 |
| Office expenses | $13,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,783 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,071 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,750 |
| Insurance | $9,854 |
| All other expenses | $74,975 |
| Total functional expenses | $2,067,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,138 |
| 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 | $10,648 |
| Net Land, buildings, and equipment | $64,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $173,201 |
| Total assets | $1,071,209 |
| Accounts payable and accrued expenses | $92,061 |
| Grants payable | $0 |
| Deferred revenue | $5,500 |
| 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 | $506,383 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $603,944 |
| Net assets without donor restrictions | $262,269 |
| Net assets with donor restrictions | $204,996 |
| 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 | $1,071,209 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Youngstown-Warren Regional Chamber has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Walter E & Caroline H Watson Foundation Pittsburgh, PA PURPOSE: BR&E 2021 PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Usa Regional Chamber Cincinnati, OH | $21,203,474 | $18,734,397 |
Greater Columbus Convention & Visitors Bureau Columbus, OH | $8,565,444 | $15,584,006 |
Ann Arbor Spark Ann Arbor, MI | $15,665,812 | $11,784,140 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |