Northern Kentucky Chamber Of Commerce Inc
- Assets
- $2.5m
- Revenue
- $2.6m
- Investments
- $578.7k
- Employees
- 27
- Location
- Ft Mitchell, KY
- Founding
- 03/1970
- Data as of
- 08/2023
- EIN
- 61-0679408
Organization Overview
Northern Kentucky Chamber Of Commerce Inc is located in Ft Mitchell, KY. The organization was established in 1970. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Northern Kentucky Chamber Of Commerce Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Kentucky Chamber Of Commerce Inc 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 08/2023, Northern Kentucky Chamber Of Commerce Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.8m during the year ending 08/2023. While expenses have increased by 2.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE AND SUPPORT THE DEVELOPMENT OF STRONG BUSINESSES AND A VIBRANT ECONOMY IN THE NORTHERN KENTUCKY REGION THROUGH LEADERSHIP AND ADVOCACY, RESULTING IN A BETTER QUALITY OF LIFE FOR ALL. OUR VISION IS TO BE THE PREMIER MEMBERSHIP ORGANIZATION DRIVING NORTHERN KENTUCKY'S PURSUIT TO BE A WORLD-CLASS REGION IN WHICH TO START, DEVELOP AND GROW THRIVING BUSINESSES. THE NKY CHAMBER BELIEVES THE PRESENCE, CONTRIBUTIONS, AND PERSPECTIVES OF ALL ARE ESSENTIAL TO BUILDING A THRIVING AND INCLUSIVE BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS PROGRAMS TO ENCOURAGE AND PROMOTE ECONOMIC WELL BEING, QUALITY, GROWTH AND COMMUNITY DEVELOPMENT FOR NORTHERN KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hawkins Elected Member - Chair | OfficerTrustee | 1 | $0 |
Jason Payne 1 Yr At-Large - Chair/treasurer | OfficerTrustee | 1 | $0 |
Garren Colvin Standing Member - Past Chair | OfficerTrustee | 1 | $0 |
Geralyn Isler Standing Member - Secretary | OfficerTrustee | 1 | $0 |
Melissa Lutz Elected Member - Vice Chair | Trustee | 1 | $0 |
Gaby Batshoun Elected Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
300 Buttermilk Llc Rent | 8/30/23 | $203,844 |
Scooter Media Marketing/communications | 8/30/23 | $163,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,375 |
| Total Program Service Revenue | $2,119,802 |
| Investment income | $29,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,812 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,159 |
| Net Income from Fundraising Events | $107,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,640,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,004 |
| 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 | $1,508,711 |
| Pension plan accruals and contributions | $41,048 |
| Other employee benefits | $101,936 |
| Payroll taxes | $114,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,651 |
| Fees for services: Lobbying | $15,201 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,767 |
| Advertising and promotion | $186,050 |
| Office expenses | $76,333 |
| Information technology | $11,735 |
| Royalties | $0 |
| Occupancy | $190,208 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,867 |
| Insurance | $10,725 |
| All other expenses | $43,152 |
| Total functional expenses | $2,795,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,381 |
| Savings and temporary cash investments | $401,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,288 |
| 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 | $33,758 |
| Net Land, buildings, and equipment | $139,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $578,654 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $962,465 |
| Total assets | $2,538,951 |
| Accounts payable and accrued expenses | $144,857 |
| Grants payable | $0 |
| Deferred revenue | $885,520 |
| 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 | $960,775 |
| Total liabilities | $1,991,152 |
| Net assets without donor restrictions | $534,609 |
| Net assets with donor restrictions | $13,190 |
| 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 | $2,538,951 |