Presidents Council Business Chamber
- Assets
- $30.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-2195389
Organization Overview
Presidents Council Business Chamber is located in Cleveland, OH. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presidents Council Business 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, Presidents Council Business Chamber generated $44.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $20.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN KEEPING WITH OUR MISSION TO DEVELOP OUR REGIONS CURRENT GENERATION OF AFRICAN AMERICAN ENTREPRENEURS PCF PROVIDES TRAINING RESOURCES NETWORKS TO MINORITY ENTERPRISES IN NORTHEAST OHIO WITH OVER 120 BUSINESSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Penick Executive Director | 16 | $8,799 | |
Brian E Hall Chariman | 1 | $0 | |
Eddie Taylor Jr Past Chairman | 1 | $0 | |
Jamie Warder Director | 1 | $0 | |
Thomas Waltermire Director | 1 | $0 | |
Michael Bowen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $44,732 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,732 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,604 |
| Professional fees and other payments to independent contractors | $4,028 |
| Occupancy, rent, utilities, and maintenance | $960 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,839 |
| Total expenses | $20,431 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,008 |
| Other assets | $0 |
| Total assets | $30,131 |
| Total liabilities | $109,495 |
| Net assets or fund balances | -$79,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Presidents Council Business Chamber has recieved totaling $295,000.
| Awarding Organization | Amount |
|---|---|
Jumpstart Inc Cleveland, OH PURPOSE: ECONOMIC DEVELOPMENT | $295,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |
National Truck Equipment Association Farmington Hills, MI | $27,097,486 | $13,173,388 |
National Precast Concrete Association Inc Carmel, IN | $13,896,863 | $10,585,314 |
Indiana Underground Plant Protection Service Inc Greenwood, IN | $23,524,907 | $10,120,104 |
Valley Forge Convention & Visitors Bureau Ltd King Of Prussia, PA | $5,553,675 | $9,336,877 |
Indy Championships Fund Inc Indianapolis, IN | $6,870,300 | $5,470,881 |
Cincinnati Usa Regional Chamber Foundation Cincinnati, OH | $5,241,564 | $8,994,630 |
United States Auto Club Inc Speeway, IN | $9,462,749 | $8,803,696 |
Kentucky Chamber Of Commerce Inc Frankfort, KY | $9,516,426 | $9,027,627 |
Materials Research Society Warrendale, PA | $13,527,707 | $7,097,114 |