Ohio Chamber Of Commerce Research Foundation Inc
- Assets
- $455.9k
- Revenue
- $616.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-5568413
Organization Overview
Ohio Chamber Of Commerce Research Foundation Inc is located in Columbus, OH. The organization was established in 2016. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Ohio Chamber Of Commerce Research Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ohio Chamber Of Commerce Research Foundation Inc generated $616.2k in total revenue. All expenses for the organization totaled $393.2k during the year ending 12/2023. While expenses have increased by 41.8% per year over the past 5 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
IN ORDER TO ENVISION OHIO AS A PLACE WHERE BUSINESSES THRIVE, COMMUNITIES ARE SAFE AND STRONG, AND PUBLIC POLICY SUPPORTS ECONOMIC FREEDOM, THE OHIO CHAMBER RESEARCH FOUNDATION DOES ITS PART BY PROMOTING A HEALTHY ECONOMY IN OHIO BY EXPLORING STRATEGIES AND DELIVERING COMPREHENSIVE, OBJECTIVE RESEARCH AND INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROGRAMSTHE ORGANIZATION CONDUCTED THE FOLLOWING RESEARCH PROGRAMS IN 2023:THE BLUEPRINT FOR OHIO'S ECONOMIC FUTURE: THE BLUEPRINT FOR OHIO'S ECONOMIC FUTURE IS A COMPREHENSIVE REPORT THAT FOCUSES ON THE KEY AREAS FOR ECONOMIC GROWTH AND IMPROVEMENT FOR THE STATE OF OHIO. BASED ON THE FINDINGS AND RECOMMENDATIONS IN THE BLUEPRINT, THE OHIO CHAMBER WILL LEVERAGE THE REPORT TO PROVIDE POLICY SOLUTIONS THAT WILL DRIVE ECONOMIC GROWTH IN THE STATE FOR DECADES TO COME. THE REPORT FOCUSES ON 6 STRATEGIC AREAS OF OPPORTUNITY TO INCREASE OHIO'S COMPETITIVENESS: (1) EDUCATION & WORKFORCE, (2) SENSE OF PLACE, (3) TAXES AND COSTS, (4) BUSINESS FRIENDLINESS, (5) INNOVATION & COLLABORATION AND (6) INFRASTRUCTURE. (PROGRAMS CONTINUED IN SCHEDULE O)OHIO TAX BENCHMARKING ANALYSIS: THE OHIO CHAMBER OF COMMERCE RESEARCH FOUNDATION, IN PARTNERSHIP WITH ERNST & YOUNG, CONDUCTED A COMPREHENSIVE ANALYSIS OF OHIO'S TAX LANDSCAPE. THIS IN-DEPTH STUDY PROVIDED DETAILED COMPARISON OF OHIO'S STATE AND LOCAL TAXES WITH SIX PEER STATES. THIS STUDY HIGHLIGHTS THE IMPORTANCE OF UNDERSTANDING THE COMPLEXITIES OF OHIO'S TAX SYSTEM. THE FINDINGS UNDERSCORE THE NEED FOR POLICYMAKERS AND BUSINESS LEADERS TO WORK TOGETHER TO CREATE A TAX ENVIRONMENT THAT SUPPORTS ECONOMIC GROWTH AND COMPETITIVENESS.ECONOMIC IMPACT HOUSING STUDY: THE COLUMBUS METROPOLITAN HOUSING AUTHORITY PARTNERED WITH THE OHIO CHAMBER OF COMMERCE RESEARCH FOUNDATION TO PROVIDE THE ECONOMIC IMPACT OF AFFORDABLE HOUSING PROGRAMS THROUGHOUT THE STATE OF OHIO. WITH PROGRAMS SUCH AS THE HOUSING CHOICE VOUCHER AND PROJECT-BASED RENTAL ASSISTANCE, THE EFFICACY OF AFFORDABLE HOUSING PROGRAMS NEEDS TO BE CONTINUALLY ASSESSED TO ENSURE THE RIGHT INVESTMENTS ARE BEING MADE BY ALL STAKEHOLDERS FROM GOVERNMENT TO PRIVATE INSTITUTIONS. THE STUDY ALSO AIMED TO HELP STRATEGY ON HOW TO ADDRESS THE GROWING DEMAND FOR WORKFORCE HOUSING ACROSS THE STATE.
GRANT ASSISTANCETHE ORGANIZATION PROVIDES GRANTS TO SUPPORT ORGANIZATION'S WITH SIMILAR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Rastauskas Bretherton President | OfficerTrustee | 1 | $0 |
Maria Haberman Vice-President | OfficerTrustee | 1 | $0 |
Rita Williams Secretary | OfficerTrustee | 1 | $0 |
Larry Kidd Treasurer | OfficerTrustee | 1 | $0 |
Brian Hicks Director | Trustee | 1 | $0 |
Frank Carrino Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,100 |
| Related organizations | $186,597 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,185 |
| Total Program Service Revenue | $0 |
| 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 | -$10,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,151 |
| 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 | $0 |
| Other salaries and wages | $133,670 |
| Pension plan accruals and contributions | $8,400 |
| Other employee benefits | $11,480 |
| Payroll taxes | $11,346 |
| 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 | $0 |
| Fees for services: Other | $171,450 |
| Advertising and promotion | $0 |
| Office expenses | $540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,181 |
| Travel | $883 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $393,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $580 |
| Accounts receivable, net | $130,670 |
| 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 | $455,850 |
| Accounts payable and accrued expenses | $33,125 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $33,125 |
| Net assets without donor restrictions | $422,725 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $455,850 |