Ohio Chamber Of Commerce Research Foundation Inc
- Assets
- $302.1k
- Revenue
- $375.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 04/2016
- Data as of
- 12/2021
- 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
THE PROSPERITY PULSE: A QUARTERLY SURVEY OF OHIO BUSINESS LEADERS TO MEASURE AND TRACK ECONOMIC HEALTH OF OHIO. IN 2020, WE DEPLOYED FOUR QUARTERLY SURVEYS AND RECEIVED APPROXIMATELY 1,600 RESPONSES. WE PRESENTED THE RESULTS AT VARIOUS MEETINGS HELD BY THE OHIO CHAMBER OF COMMERCE. NO PROGRAM SERVICE REVENUE AS ALL REVENUE FOR THIS PROGRAM WAS CONTRIBUTION/GRANT REVENUE.
THIS PROJECT REPRESENTS THE FIRST COMPREHENSIVE ECONOMIC IMPACT ANALYSIS OF THE BUSINESS INCOME DEDUCTION (BID) IN THE STATE OF OHIO. THE FOUNDATION RELEASED A REPORT IN 2021 (FUNDRAISING BEGAN IN 2020) PAIRED WITH A THIRD-PARTY STUDY ON THE ANALYSIS OF THIS TAX DEDUCTION. THE ANALYSIS SHOWED THAT THE BID HAS HAD A POSITIVE IMPACT ON OHIO'S ECONOMY AND PROVISIONS HAVE PROVEN TO BE EFFECTIVE IN INCENTIVIZING SMALL BUSINESSES TO REINVEST THEIR TAX SAVINGS. THE REPORT SUPPORTED THAT THE BID LED TO EMPLOYMENT OF OVER 59,000 OHIOANS AND TAX SAVINGS HAVE HELPED ROUGHLY 1,200 BUSINESSES KEEP THEIR DOORS OPEN IN 2018. THE REPORT HAS BEEN SHARED WITH OHIO'S BUSINESS COMMUNITY, TRADE ASSOCIATIONS, AND THE OHIO LEGISLATURE.
RESEARCH PROJECTS REPRESENT SMALLER PROJECTS CONSIDERED AND ULTIMATELY DETERMINED TO BE FUTURE PROJECTS, NOT GOOD INVESTMENTS, OR JUST DID NOT HAVE MUCH ACTIVITY DURING 2020. THESE RELATED TO BENEFITS CLIFF ANALYSIS, LUNCH/LEARN/LEAD OPPORTUNITIES, ECONOMIC DASHBOARDS AND EMPLOYMENT SERVICES TAX. MOST OF THESE COSTS INCURRED REPRESENT PAYROLL AND RELATED BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Barnes Executive Director | Officer | 40 | $87,175 |
Larry Kidd Vice-President | OfficerTrustee | 1 | $0 |
Tim Snyder Secretary | OfficerTrustee | 1 | $0 |
Thomas Zaino Treasurer | OfficerTrustee | 1 | $0 |
Brian Hicks President | OfficerTrustee | 1 | $0 |
Andrew Doehrel Retired Sep President & CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $375,688 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,688 |
| 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. | $102,704 |
| Compensation of current officers, directors, key employees. | $69,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $339 |
| Payroll taxes | $6,995 |
| 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 | $54,199 |
| Advertising and promotion | $4,350 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,923 |
| Total functional expenses | $177,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $302,051 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $202,051 |
| Net assets with donor restrictions | $100,000 |
| 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 | $302,051 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ohio Chamber Of Commerce Research Foundation Inc has recieved totaling $300,005.
| Awarding Organization | Amount |
|---|---|
Ohio Chamber Of Commerce Columbus, OH PURPOSE: OPERATIONAL SUPPORT | $300,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cicp Foundation Inc Indianapolis, IN | $75,472,959 | $39,753,339 |
Manufacturing Advocacy & Growth Network Inc Cleveland, OH | $11,290,279 | $13,226,451 |
Spiritrust Lutheran Life Chambersburg, PA | $3,486,716 | $9,493,796 |
Genesee Area Focus Fund Inc Flint, MI | $3,053,813 | $7,388,265 |
Ridc Southwestern Pennsylvania Growth Fund Pittsburgh, PA | $94,671,467 | $5,640,315 |
Project Management Institute Educational Foundation Newtown Square, PA | $4,756,055 | $4,802,761 |
People For People Community Development Corporation Philadelphia, PA | $6,238,407 | $1,301,156 |
Encourage Bc Battle Creek, MI | $929,727 | $1,806,363 |
Ridc Mill 19a Pittsburgh, PA | $29,613,197 | $2,172,080 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |