Salem Area Chamber Of Commerce Foundation
- Assets
- $118.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, OH
- Founding
- 02/2018
- Data as of
- 12/2022
- EIN
- 81-1484328
Organization Overview
Salem Area Chamber Of Commerce Foundation is located in Salem, OH. The organization was established in 2018. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Area Chamber Of Commerce Foundation 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 12/2022, Salem Area Chamber Of Commerce Foundation generated $44.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $44.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SERVICES AND EDUCATIONAL PROGRAMS THAT SUPPORT THE CIVIC AND ECONOMIC DEVELOPMENT OF THE SALEM AREA, WHILE EMPHASIZING THE IMPORTANCE OF SUCH EDUCATION TO PREPARE OUR FUTURE WORKFORCE FOR AN INCREASINGLY COMPETITIVE AND NATIONAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vito Abruzzino Director | 1 | $0 | |
Scott Jones Director | 1 | $0 | |
Dan Scarpitti Director | 1 | $0 | |
Bruce Williams Director | 1 | $0 | |
David Mollenkopf Director | 1 | $0 | |
George Ws Hays President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,084 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $33,300 |
| Other Revenue | $10,553 |
| Total Revenue | $44,937 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,045 |
| Occupancy, rent, utilities, and maintenance | $23,087 |
| Printing, publications, postage, and shipping | $2,528 |
| Other expenses | $15,562 |
| Total expenses | $44,258 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,616 |
| Other assets | $0 |
| Total assets | $118,616 |
| Total liabilities | $0 |
| Net assets or fund balances | $118,616 |