Lima-Allen County Chamber Of Commerce
- Assets
- $920.6k
- Revenue
- $934.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Lima, OH
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 34-4179070
Organization Overview
Lima-Allen County Chamber Of Commerce is located in Lima, OH. The organization was established in 1942. 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, Lima-Allen County Chamber Of Commerce employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lima-Allen 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 12/2022, Lima-Allen County Chamber Of Commerce generated $934.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $998.2k during the year ending 12/2022. While expenses have increased by 1.6% 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
TO ADVANCE THE COMMERCIAL, INDUSTRIAL, CIVIC & GENERAL INTERESTS OF LIMA AND ALLEN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: PROVIDES BUSINESS WITH INFORMATION, PROGRAMS, AND SEMINARS TO PROMOTE TRADE, INDUSTRY AND GENERAL WELFARE.
EXEMPT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed Metzger President | OfficerTrustee | 20 | $130,321 |
Linda Bienert Director Of | OfficerTrustee | 20 | $79,485 |
Karen Grothouse Past Chair | Trustee | 1 | $0 |
Michael Kleman Trustee | Trustee | 1 | $0 |
Lisa Niekamp-Urwin Trustee | Trustee | 1 | $0 |
Doug Olsson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| 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 | $15,000 |
| Total Program Service Revenue | $798,500 |
| Investment income | $657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,986 |
| Net Gain/Loss on Asset Sales | -$748 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $934,093 |
| 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 | $189,912 |
| Other salaries and wages | $275,053 |
| Pension plan accruals and contributions | $7,139 |
| Other employee benefits | $46,932 |
| Payroll taxes | $54,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,823 |
| Office expenses | $24,158 |
| Information technology | $19,308 |
| Royalties | $0 |
| Occupancy | $79,352 |
| Travel | $6,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,090 |
| Insurance | $0 |
| All other expenses | $4,791 |
| Total functional expenses | $998,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $687,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $107,000 |
| Inventories for sale or use | $500 |
| Prepaid expenses and deferred charges | $16,123 |
| Net Land, buildings, and equipment | $18,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $920,575 |
| Accounts payable and accrued expenses | $114,491 |
| Grants payable | $0 |
| Deferred revenue | $22,056 |
| 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 | $0 |
| Total liabilities | $136,547 |
| Net assets without donor restrictions | $0 |
| 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 | $784,028 |
| Total liabilities and net assets/fund balances | $920,575 |