Civic Intelligence

Greater Columbus Chamber of Commerce

990 • Fiscal year 2013 • EIN 31-4152950

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

150 South Front St No 20043215

(614) 225-6917

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.39x

Higher debt load relative to assets than 73% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

70th percentile

0.37x

Higher debt load relative to revenue than 70% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Net Margin

19th percentile

-4.7%

Higher net margin than 19% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

80th percentile

$227,029

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Asset Growth

4th percentile

-27%

Faster asset growth than 4% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$3,266,741

Down $1,178,100 (-27%) from 2012

Net Assets

Down

$1,985,114

Down $164,189 (-7.6%) from 2012

Liabilities

Down

$1,281,627

Down $1,013,911 (-44%) from 2012

Revenue

$3,494,436

No earlier filing loaded for comparison.

Expenses

Down

$3,659,561

Down $250,955 (-6.4%) from 2012

Net Income

-$165,125

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $4,641,283Liabilities 2010: $2,244,071Net Assets 2010: $2,397,2122010Assets 2011: $4,795,528Liabilities 2011: $2,508,848Net Assets 2011: $2,286,6802011Assets 2012: $4,444,841Liabilities 2012: $2,295,538Net Assets 2012: $2,149,3032012Assets 2013: $3,266,741Liabilities 2013: $1,281,627Net Assets 2013: $1,985,1142013Assets 2014: $3,767,496Liabilities 2014: $1,955,569Net Assets 2014: $1,811,9272014Assets 2015: $3,705,243Liabilities 2015: $2,146,314Net Assets 2015: $1,558,9292015Assets 2016: $3,401,660Liabilities 2016: $1,892,139Net Assets 2016: $1,509,5212016Assets 2019: $3,053,761Liabilities 2019: $2,031,866Net Assets 2019: $1,021,8952019Assets 2021: $3,718,335Liabilities 2021: $2,239,197Net Assets 2021: $1,479,1382021Assets 2022: $3,731,729Liabilities 2022: $1,994,277Net Assets 2022: $1,737,4522022Assets 2024: $4,307,325Liabilities 2024: $2,213,618Net Assets 2024: $2,093,7072024

Highlighted filing

2013

Assets$3,266,741
Liabilities$1,281,627
Net Assets$1,985,114

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,502,6132010Expenses 2011: $4,589,6582011Expenses 2012: $3,910,5162012Revenue 2013: $3,494,436Expenses 2013: $3,659,561Net Income 2013: -$165,1252013Revenue 2014: $3,256,028Expenses 2014: $3,429,981Net Income 2014: -$173,9532014Revenue 2015: $3,280,904Expenses 2015: $3,533,743Net Income 2015: -$252,8392015Revenue 2016: $3,048,499Expenses 2016: $3,098,207Net Income 2016: -$49,7082016Revenue 2019: $3,288,073Expenses 2019: $3,359,829Net Income 2019: -$71,7562019Revenue 2021: $3,482,767Expenses 2021: $3,065,995Net Income 2021: $416,7722021Revenue 2022: $3,591,269Expenses 2022: $3,183,814Net Income 2022: $407,4552022Revenue 2024: $4,233,883Expenses 2024: $4,513,836Net Income 2024: -$279,9532024

Highlighted filing

2013

Revenue$3,494,436
Expenses$3,659,561
Net Income-$165,125
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$3,520,730
Mission and Program Overview

Mission

Advancing a thriving central ohio community by serving as a catalyst for all businesses to grow and flourish. Our mission pillars are connections, government relations, strategic business solutions and talent/workforce.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,542,054$1,450,115▼ $91,939
Land, Buildings, and Equipment, Net$985,125$802,600▼ $182,525
Other Notes and Loans Receivable, Net$840,050$593,046▼ $247,004
Accounts Receivable$901,079$217,465▼ $683,614
Investments Other Securities$96,720$119,850▲ $23,130
Prepaid Expenses and Deferred Charges$35,468$48,264▲ $12,796
Pledges and Grants Receivable$31,377$22,433▼ $8,944
Cash and Non-Interest-Bearing Accounts$20$20→ $0
Total Assets$4,444,841$3,266,741▼ $1,178,100
Other Assets Total$12,948$12,948→ $0
Liabilities
Other Liabilities$467,524$417,633▼ $49,891
Mortgage Notes Payable Secured by Investment Property$468,509$387,647▼ $80,862
Deferred Revenue$1,177,593$382,291▼ $795,302
Accounts Payable and Accrued Expenses$181,912$94,056▼ $87,856
Total Liabilities$2,295,538$1,281,627▼ $1,013,911
Net Assets / Fund Balance
Unrestricted Net Assets$2,149,303$1,985,114▼ $164,189
Total Net Assets Fund Balance$2,149,303$1,985,114▼ $164,189
Total Liabilities and Net Assets / Fund Balance$4,444,841$3,266,741▼ $1,178,100

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$504,323$569,860$1,074,183
Equipment$298,277$381,984$680,261
Other Land Buildings$0$85,067$85,067
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael E DalbyPresidentFT$195,879$31,150$227,029
Jung Won KimDirector, ResearchFT$120,019$9,658$129,677
Michael HartleyVP-government RelationsFT$109,172$4,029$113,201
Shaun FrecskaVP-membership ServicesFT$101,639$9,005$110,644
Michelle BretscherVP-marketing & CommunicatiFT$81,013$3,130$84,143
Patricia Huddle Thru 73113VP of Existing BusinessFT$71,737$12,346$84,083
Michael Goldbeck Thru 11813VP of FinanceFT$8,447$260$8,707

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Holland & Knight LLPFederal Legislative Consulting Services-$130,636
Revenue and Support

Revenue Composition

Contributions and Grants
$731,742
Program Service Revenue
$2,139,775
Investment Income
$27,393
Other Revenue
$595,526
All Other Contributions
$649,242
Change in Net Assets
$-165,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,493,997
Revenue Not Reported on Financial Statements
$439
Revenue Not Reported on Form 990
$146,569
Other Revenue Adjustments
$439
Total Revenue per Audited Statements
$3,640,566
Total Revenue per Form 990
$3,494,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,115,441
Other Expenses$1,543,820
Grants and Similar Amounts Paid$300
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,152,857
Current Officers, Directors, Trustees, and Key Employees---$627,807
Conferences and Meetings---$426,674
Depreciation Depletion---$218,199
Occupancy---$175,213
Payroll Taxes---$168,690
Office Expenses---$138,206
Other Employee Benefits---$131,501
Fees for Services Other---$48,334
Travel---$39,686
Pension Plan Contributions---$34,586
Advertising---$29,719
Other Expenses---$6,888
Fees for Services Legal---$2,725
Interest---$325
Grants to Domestic Orgs---$300
Total Functional Expenses$0$0$0$3,659,561

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,804,762
Expenses per Audited Statements$3,659,561
Total Expenses per Form 990$3,659,561
Expenses Not Reported on Form 990$145,201
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$59,059
Total Nondeductible Lobbying and Political Cost$59,059
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Credit$314,405
Deferred Compensation$103,228
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A draft copy of the form 990 is reviewed by the chamber board finance and executive committees prior to filing.

Form 990, Part VI, Section B, Line 12C

There is an annual review and signage of the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The executive committee of the board approves changes to the organization's ceo salary structure. This is based on a review of comparable data and the decision is acknowledged accordingly. The committee is made up of independent board members. Regarding officer and key employee compensation, the president/ceo reviews any proposed changes with the board chairman. The compensation package is based on comparable data and the annual budget wage increase, if any, is reviewed with the board finance and executive committees and approved by the board of directors.

Form 990, Part VI, Section C, Line 18

The organization's form 990 is made available to the public upon request and via another's website, www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

EIN
31-4152950
Phone
6142256917

Signing Officer

Name
Michael E Dalby
Title
President & CEO
Phone
6142256917
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael E Dalby
Formed
1884
Legal Domicile
Oh
Voting Board Members
32
Independent Board Members
31
Employees
42
Volunteers
25

Preparer

Preparer
Tj Conger CPA
Phone
6142242164
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1: THE COLUMBUS CHAMBER PROVIDES CONNECTIONS,

Resources and solutions to help businesses thrive. Leveraging a customized, consultative approach to support members that range from small business to fortune 500 enterprises, the columbus chamber is helping to grow the columbus region economy one business at a time.

FORM 990, PART XI, LINE 9:

Book/tax difference on pass-through 1,395.

FORM 990, PART XII, LINE 2C: THE CHAMBER BOARD HAS A FINANCE COMMITTEE MADE

Up of volunteer board members who review the results of the annual audit and, when applicable, the selection of the independent accountant. This process remains unchanged from the prior year.

FORM 990, PART I, LINE 6: VOLUNTEERS CONSIST OF PART-TIME INTERNS WHO

Assist in the areas of membership services, marketing, workforce, and research. Ambassadors who volunteer to assist at the chamber's events throughout the year.

FORM 990, PART V, LINES 2A & 2B: THE ORGANIZATION CONTRACTS WITH A

Professional employer organization (peo), sequent, inc., to provide payroll and benefits administration services. The peo is the employer of record for the employees working for the organization. For 2013, 42 forms w-2 were issued and all required federal payroll tax returns were filed.

Financial Statement Notes

PART X, LINE 2:

The chamber does not believe its financial statements include any uncertain tax positions. With few exceptions, the chamber is no longer subject to income tax examinations by the u.s. Federal, state and local tax authorities for years before 2010.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rent expense reported on page 9, line 6b 24,502. Book/tax difference on pass-through 1,395. Revenue adjustment due to consolidation with related entity 9.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Unrealized loss on investments 439.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rent expense reported on page 9, line 6b 24,502. Expense adjustment due to consolidation with related entity 36.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR-ELECT/TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt31TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt32VP-GOVERNMENT RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt33VP-MEMBERSHIP SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt34VP-MARKETING & COMMUNICATI
IRS990/Form990PartVIISectionAGrp/TitleTxt35VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt36VP OF EXISTING BUSINESS
IRS990/Form990PartVIISectionAGrp/TitleTxt37DIRECTOR, RESEARCH
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IRS990/MissionDesc0OUR MISSION IS TO LEAD AND SUPPORT ECONOMIC GROWTH AND DEVELOPMENT FOR THE GREATER COLUMBUS COMMUNITY. WE WILL ACHIEVE THAT MISSION THROUGH ACTIVITIES THAT BENEFIT OUR MEMBERS AND ATTRACT NEW INVESTMENT TO THE COLUMBUS REGION.
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