Seneca Regional Chamber Of Commerce & Visitor Services
- Assets
- $787.9k
- Revenue
- $561.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Tiffin, OH
- Founding
- 05/1928
- Data as of
- 12/2023
- EIN
- 34-4373480
Organization Overview
Seneca Regional Chamber Of Commerce & Visitor Services is located in Tiffin, OH. The organization was established in 1928. 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 12/2023, Seneca Regional Chamber Of Commerce & Visitor Services employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seneca Regional Chamber Of Commerce & Visitor Services 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, Seneca Regional Chamber Of Commerce & Visitor Services generated $561.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $487.4k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 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
TO BE THE MOST INFLUENTIAL AND RESPECTED ASSOCIATION OF BUSINESS PROFESSIONALS IN NORTHWEST OHIO SHAPING A POSITIVE BUSINESS ENVIRONMENT THAT PROMOTES THE EXCHANGES OF GOODS AND SERVICES TO MAKE A PROFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAMS THAT SHAPE A POSITIVE BUSINESS ENVIRONMENT THAT PROMOTE THE EXCHANGE OF GOODS AND SERVICES TO MAKE A PROFIT INCLUDING EDUCATIONAL SEMINARS AND MISCELLANEOUS PROGRAMS. MARKET SENECA COUNTY AS A DESIRABLE PLACE TO VISIT, LIVE, WORK AND SHOP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryce Riggs President/ceo | OfficerTrustee | 40 | $83,960 |
Dan Reineke Vice Chair | OfficerTrustee | 1 | $0 |
Dawn Iannantuono Ex-Officio | Trustee | 1 | $0 |
Tyler Webb Secretary/treasurer | OfficerTrustee | 1 | $0 |
Cory Stine Trustee | Trustee | 1 | $0 |
Brian Clouse Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,040 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,774 |
| Total Program Service Revenue | $47,078 |
| Investment income | $11,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $105,638 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,950 |
| 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. | $90,968 |
| Compensation of current officers, directors, key employees. | $22,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,701 |
| Payroll taxes | $15,560 |
| Fees for services: Management | $2,850 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $1,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $830 |
| Advertising and promotion | $67,518 |
| Office expenses | $37,744 |
| Information technology | $9,671 |
| Royalties | $0 |
| Occupancy | $19,407 |
| Travel | $4,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,431 |
| All other expenses | $0 |
| Total functional expenses | $487,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,636 |
| Savings and temporary cash investments | $380,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,263 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $787,939 |
| Accounts payable and accrued expenses | $3,406 |
| Grants payable | $0 |
| Deferred revenue | $217,735 |
| 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 | $16,146 |
| Total liabilities | $237,287 |
| 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 | $550,652 |
| Total liabilities and net assets/fund balances | $787,939 |
Grants Awarded
Over the last fiscal year, Seneca Regional Chamber Of Commerce & Visitor Services has awarded $21,248 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FOSTORIA AREA VISITORS BUREAU PURPOSE: SERVICES | $6,000 |
TIFFIN GLASS COLLECTORS CLUB PURPOSE: UNRESTRICTED | $2,248 |
CITY OF TIFFIN PURPOSE: FIRE EQUIPMENT | $13,000 |