Civic Intelligence

Greater Akron Chamber of Commerce

990 • Fiscal year 2023 • EIN 34-1156576

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

Organization ProfileWWW.GREATERAKRONCHAMBER.ORG

View Organization Page

388 S Main St 205Akron, OH 44311

(330) 376-5550

Siviq Scores

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

Liabilities / Assets

89th percentile

0.59x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.54x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

43rd percentile

2.0%

Higher net margin than 43% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$402,948

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

14th percentile

-8.6%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-6.5%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$4,123,239

Down $386,886 (-8.6%) from 2022

Net Assets

Up

$1,691,008

Up $91,481 (+5.7%) from 2022

Liabilities

Down

$2,432,231

Down $478,367 (-16%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin43rd percentile

Revenue

Down

$4,538,110

Down $315,788 (-6.5%) from 2022

Expenses

Down

$4,446,629

Down $58,347 (-1.3%) from 2022

Net Income

Down

$91,481

Down $257,441 (-74%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,069,777Liabilities 2010: $461,408Net Assets 2010: $2,608,3692010Assets 2011: $2,492,541Liabilities 2011: $371,462Net Assets 2011: $2,121,0792011Assets 2012: $2,270,393Liabilities 2012: $409,722Net Assets 2012: $1,860,6712012Assets 2013: $2,154,104Liabilities 2013: $407,674Net Assets 2013: $1,746,4302013Assets 2014: $2,306,589Liabilities 2014: $593,724Net Assets 2014: $1,712,8652014Assets 2015: $2,038,521Liabilities 2015: $469,222Net Assets 2015: $1,569,2992015Assets 2016: $1,861,511Liabilities 2016: $470,913Net Assets 2016: $1,390,5982016Assets 2017: $1,591,512Liabilities 2017: $299,111Net Assets 2017: $1,292,4012017Assets 2018: $1,335,414Liabilities 2018: $1,092,834Net Assets 2018: $242,5802018Assets 2019: $1,781,877Liabilities 2019: $1,618,115Net Assets 2019: $163,7622019Assets 2020: $3,028,181Liabilities 2020: $2,089,059Net Assets 2020: $939,1222020Assets 2021: $2,931,511Liabilities 2021: $1,680,906Net Assets 2021: $1,250,6052021Assets 2022: $4,510,125Liabilities 2022: $2,910,598Net Assets 2022: $1,599,5272022Assets 2023: $4,123,239Liabilities 2023: $2,432,231Net Assets 2023: $1,691,0082023Assets 2024: $4,419,145Liabilities 2024: $2,031,788Net Assets 2024: $2,387,3572024

Highlighted filing

2023

Assets$4,123,239
Liabilities$2,432,231
Net Assets$1,691,008
Open 2023 Filing

Operations Trend

Revenue Growth17th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,369,9452010Expenses 2011: $3,480,0652011Expenses 2012: $3,245,0282012Revenue 2013: $3,198,253Expenses 2013: $3,312,494Net Income 2013: -$114,2412013Revenue 2014: $3,159,719Expenses 2014: $3,193,284Net Income 2014: -$33,5652014Revenue 2015: $3,277,220Expenses 2015: $3,420,786Net Income 2015: -$143,5662015Revenue 2016: $2,888,390Expenses 2016: $3,067,091Net Income 2016: -$178,7012016Revenue 2017: $3,006,750Expenses 2017: $3,104,947Net Income 2017: -$98,1972017Revenue 2018: $2,646,481Expenses 2018: $3,496,535Net Income 2018: -$850,0542018Revenue 2019: $3,025,646Expenses 2019: $3,104,464Net Income 2019: -$78,8182019Revenue 2020: $3,743,052Expenses 2020: $2,967,692Net Income 2020: $775,3602020Revenue 2021: $3,638,638Expenses 2021: $3,327,155Net Income 2021: $311,4832021Revenue 2022: $4,853,898Expenses 2022: $4,504,976Net Income 2022: $348,9222022Revenue 2023: $4,538,110Expenses 2023: $4,446,629Net Income 2023: $91,4812023Revenue 2024: $5,917,627Expenses 2024: $5,221,278Net Income 2024: $696,3492024

Highlighted filing

2023

Revenue$4,538,110
Expenses$4,446,629
Net Income$91,481
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$4,538,110
Mission and Program Overview

Mission

To promote business in the tri-county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,426,566$2,483,611▲ $57,045
Land, Buildings, and Equipment, Net$408,152$403,631▼ $4,521
Accounts Receivable$637,152$304,630▼ $332,522
Prepaid Expenses and Deferred Charges$50,959$79,664▲ $28,705
Total Assets$4,510,125$4,123,239▼ $386,886
Other Assets Total$987,296$851,703▼ $135,593
Liabilities
Other Liabilities$1,351,066$1,069,701▼ $281,365
Deferred Revenue$1,005,759$912,827▼ $92,932
Accounts Payable and Accrued Expenses$333,708$293,611▼ $40,097
Mortgage Notes Payable Secured by Investment Property$220,065$156,092▼ $63,973
Total Liabilities$2,910,598$2,432,231▼ $478,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,542,753$1,659,579▲ $116,826
Net Assets With Donor Restrictions$56,774$31,429▼ $25,345
Total Net Assets Fund Balance$1,599,527$1,691,008▲ $91,481
Total Liabilities and Net Assets / Fund Balance$4,510,125$4,123,239▼ $386,886

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$309,292$38,836$348,128
Equipment$94,339$159,108$253,447
Other Assets Org$839,130--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve MillardPresident & CEOFT$309,161$93,787$402,948
Brynn PopaSr VP, Strategic InitiativFT$170,355$54,713$225,068
Greg CramerVP, Economic DevelopmentFT$128,313$42,100$170,413
Sante GhettiVP, Investor EngagementFT$124,515$31,166$155,681
Brian AndersonVP, ResearchFT$117,754$15,507$133,261

Board Members and Trustees

NameTitle
Julie BrandleBoard Chair Elect
Tia RamlowBOARD CHAIR; EXECUTIVE COM
Joe LuckringFinance Chair
ANDRE' THORNTONTrustee
Amanda LefflerTrustee
Andrew TwardzikTrustee
Anne ArmaoTrustee
Bernett WilliamsTrustee
Bhavin PatelTrustee
Bill KoehlerTrustee
Brian Harte MdTrustee
Brian NelsenTrustee
Brian SteereTrustee
Chris GessnerTrustee
Chris WalkerTrustee
Chrissy MyersTrustee
Christine MayerTrustee
Chuck MullenTrustee
Cliff T Deveny MdTrustee
Craig FerriotTrustee
Craig HassingerTrustee
Dan SublettTrustee
Dan WeekleyTrustee
Dawn DistlerTrustee
Don PadgettTrustee
Donzell TaylorTrustee
Dunja AugustinTrustee
Dwayne GrollTrustee
Elizabeth Z BartzTrustee
Erin Leppo PalmerTrustee
Erin SpringTrustee
Ethan KarpTrustee
Gary Miller PhdTrustee
Gino FacianaTrustee
Halle Jones CapersTrustee
Ike Sampson-akpanTrustee
Ilene ShapiroTrustee
James MullenTrustee
Jason DodsonTrustee
Jason TumaTrustee
Jennifer Savitski MdTrustee
Jim MerklinTrustee
Joe DaleidenTrustee
John HigginsTrustee
John Langell Md PhdTrustee
John Petures JrTrustee
Joseph PaulTrustee
Jr FowlerTrustee
Katherine WhiteTrustee
Ken BabbyTrustee
Kendra PhilonTrustee
Krista DobronosTrustee
Lakisha Miller-barclayTrustee
Laura DudaTrustee
Leia LoveTrustee
Marc DivisTrustee
Marc MerklinTrustee
Marie BrilmyerTrustee
Mayor Shammas MalikTrustee
Meghan MeekerTrustee
Michael MorrisonTrustee
Michelle MoranTrustee
Neille VitaleTrustee
Para JonesTrustee
Peter GeiseTrustee
Ramona DavisTrustee
Ren CamachoTrustee
Rich WallackTrustee
Richard FryTrustee
Roberta PalacioTrustee
Ron PaydoTrustee
Sean VollmanTrustee
Shaleeta SmithTrustee
Steve WiltTrustee
Tami BolderTrustee
Teresa LegrairTrustee
Terry RobinsonTrustee
Todd Diacon PhdTrustee
Tony CostanzoTrustee
Traci BucknerTrustee
Tracy DoweTrustee
Tyler AmosTrustee
Valerie GeigerTrustee
Zach WempleTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$2,397,434
Program Service Revenue
$2,040,644
Investment Income
$41,749
Other Revenue
$58,283
All Other Contributions
$6,154
Change in Net Assets
$91,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,774,863
Other Expenses$1,546,766
Grants and Similar Amounts Paid$125,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,888,509
Current Officers, Directors, Trustees, and Key Employees---$402,948
Fees for Services Other---$388,300
Other Employee Benefits---$252,964
Occupancy---$198,534
Office Expenses---$159,449
Payroll Taxes---$151,196
Grants to Domestic Orgs---$125,000
Travel---$93,970
Pension Plan Contributions---$79,246
Fees for Services Lobbying---$73,491
Conferences and Meetings---$65,718
Advertising---$43,250
Depreciation Depletion---$40,507
Interest---$32,769
Information Technology---$24,143
Other Expenses---$17,361
Insurance---$15,916
All Other Expenses---$10,608
Total Functional Expenses$0$0$0$4,446,629
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Team NeoCleveland, OH501(c)(3)To Further the Chariatable Purpose of the Organization$100,000
Ohio Local Information Initiative IncColumbus, OH-Signal Ohio - to Further the Chariatable Purpose of the Organization$25,000
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
Total Nondeductible Lobbying and Political Cost$136,025
Current Year Nondeductible Lobbying and Political Cost$105,875
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$860,880
Non-recourse Note - Mewa$208,821
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 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“ORGANIZED WITH MEMBERS”

Form 990, Part VI, Section A, Line 7B

“Certain decisions require approval of members.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the officers and/or finance committee before it is filed and available to the board upon request.”

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

“The organization monitors compliance with the conflict of interest policy annually via written communication.”

Form 990, Part VI, Section B, Line 15

“The compensation is reviewed and approved by the executive compensation committee, comparable data, and contemporaneous substantiation of the deliberation and decision. The process described here was last completed in 2023.”

Form 990, Part VI, Section C, Line 19

“The organization makes all documents available to the public upon request to the office.”

Filing and Contact Details

Filer

Filer Name
Greater Akron Chamber
EIN
34-1156576
Phone
3303765550
Address
388 S MAIN ST 205, AKRON, OH 44311

Signing Officer

Name
Steve Millard
Title
President
Phone
3303765550
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Millard
Formed
1974
Legal Domicile
Oh
Voting Board Members
85
Independent Board Members
84
Employees
31
Volunteers
120

Preparer

Firm
Cliftonlarsonallen Llp
Address
388 SOUTH MAIN STREET SUITE 420, AKRON, OH 44311
Preparer
David M Supelak
Phone
3303760100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The greater akron chamber of commerce is organized principally to promote, encourage and stimulate the growth, development and prosperity of business in the tri-county area of summit, medina and portage counties in the state of ohio.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income taxes under section 501(c)(6) of the internal revenue code. However, certain administrative fees may be considered to be unrelated business income. The organization's management has analyzed the tax positions taken by the organization and has concluded that as of december 31, 2023, there are no uncertain positions taken or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML AppendixShowing 400 of 1,110 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO PROMOTE BUSINESS IN THE TRI-COUNTY AREA.
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IRS990/Desc0THE GREATER AKRON CHAMBER OF COMMERCE IS ORGANIZED PRINCIPALLY TO PROMOTE, ENCOURAGE AND STIMULATE THE GROWTH, DEVELOPMENT AND PROSPERITY OF BUSINESS IN THE TRI-COUNTY AREA OF SUMMIT, MEDINA AND PORTAGE COUNTIES IN THE STATE OF OHIO.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt590
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt8632580
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt8815507
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVE MILLARD
IRS990/Form990PartVIISectionAGrp/PersonNm1TYLER AMOS
IRS990/Form990PartVIISectionAGrp/PersonNm2ANNE ARMAO
IRS990/Form990PartVIISectionAGrp/PersonNm3KEN BABBY
IRS990/Form990PartVIISectionAGrp/PersonNm4DUNJA AUGUSTIN
IRS990/Form990PartVIISectionAGrp/PersonNm5ELIZABETH Z BARTZ
IRS990/Form990PartVIISectionAGrp/PersonNm6TAMI BOLDER
IRS990/Form990PartVIISectionAGrp/PersonNm7JULIE BRANDLE
IRS990/Form990PartVIISectionAGrp/PersonNm8MARIE BRILMYER
IRS990/Form990PartVIISectionAGrp/PersonNm9TRACI BUCKNER
IRS990/Form990PartVIISectionAGrp/PersonNm10REN CAMACHO
IRS990/Form990PartVIISectionAGrp/PersonNm11TONY COSTANZO
IRS990/Form990PartVIISectionAGrp/PersonNm12JOE DALEIDEN
IRS990/Form990PartVIISectionAGrp/PersonNm13RAMONA DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm14CLIFF T DEVENY MD
IRS990/Form990PartVIISectionAGrp/PersonNm15TODD DIACON PHD
IRS990/Form990PartVIISectionAGrp/PersonNm16DAWN DISTLER
IRS990/Form990PartVIISectionAGrp/PersonNm17MARC DIVIS
IRS990/Form990PartVIISectionAGrp/PersonNm18KRISTA DOBRONOS
IRS990/Form990PartVIISectionAGrp/PersonNm19JASON DODSON
IRS990/Form990PartVIISectionAGrp/PersonNm20TRACY DOWE
IRS990/Form990PartVIISectionAGrp/PersonNm21LAURA DUDA
IRS990/Form990PartVIISectionAGrp/PersonNm22GINO FACIANA
IRS990/Form990PartVIISectionAGrp/PersonNm23CRAIG FERRIOT
IRS990/Form990PartVIISectionAGrp/PersonNm24JR FOWLER
IRS990/Form990PartVIISectionAGrp/PersonNm25RICHARD FRY
IRS990/Form990PartVIISectionAGrp/PersonNm26VALERIE GEIGER
IRS990/Form990PartVIISectionAGrp/PersonNm27PETER GEISE
IRS990/Form990PartVIISectionAGrp/PersonNm28CHRIS GESSNER
IRS990/Form990PartVIISectionAGrp/PersonNm29DWAYNE GROLL
IRS990/Form990PartVIISectionAGrp/PersonNm30BRIAN HARTE MD
IRS990/Form990PartVIISectionAGrp/PersonNm31CRAIG HASSINGER
IRS990/Form990PartVIISectionAGrp/PersonNm32JOHN HIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm33PARA JONES
IRS990/Form990PartVIISectionAGrp/PersonNm34HALLE JONES CAPERS
IRS990/Form990PartVIISectionAGrp/PersonNm35ETHAN KARP
IRS990/Form990PartVIISectionAGrp/PersonNm36BILL KOEHLER
IRS990/Form990PartVIISectionAGrp/PersonNm37JOHN LANGELL MD PHD
IRS990/Form990PartVIISectionAGrp/PersonNm38AMANDA LEFFLER
IRS990/Form990PartVIISectionAGrp/PersonNm39TERESA LEGRAIR
IRS990/Form990PartVIISectionAGrp/PersonNm40ERIN LEPPO PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm41LEIA LOVE
IRS990/Form990PartVIISectionAGrp/PersonNm42JOE LUCKRING
IRS990/Form990PartVIISectionAGrp/PersonNm43MAYOR SHAMMAS MALIK
IRS990/Form990PartVIISectionAGrp/PersonNm44CHRISTINE MAYER
IRS990/Form990PartVIISectionAGrp/PersonNm45MEGHAN MEEKER
IRS990/Form990PartVIISectionAGrp/PersonNm46MARC MERKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm47JIM MERKLIN
IRS990/Form990PartVIISectionAGrp/PersonNm48GARY MILLER PHD
IRS990/Form990PartVIISectionAGrp/PersonNm49LAKISHA MILLER-BARCLAY
IRS990/Form990PartVIISectionAGrp/PersonNm50MICHELLE MORAN
IRS990/Form990PartVIISectionAGrp/PersonNm51MICHAEL MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm52JAMES MULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm53CHUCK MULLEN

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,123,239
Liabilities
$2,432,231
Net assets
$1,691,008
Revenue
$4,538,110
Expenses
$4,446,629
Net income
$91,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.42$2.03$2.39$5.92$5.22$0.70
2023Detailed filing. Detailed filing data is available for this year.$4.12$2.43$1.69$4.54$4.45$0.09
2022Detailed filing. Detailed filing data is available for this year.$4.51$2.91$1.60$4.85$4.50$0.35
2021Detailed filing. Detailed filing data is available for this year.$2.93$1.68$1.25$3.64$3.33$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.03$2.09$0.94$3.74$2.97$0.78
2019Detailed filing. Detailed filing data is available for this year.$1.78$1.62$0.16$3.03$3.10$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.34$1.09$0.24$2.65$3.50$0.85
2017Detailed filing. Detailed filing data is available for this year.$1.59$0.30$1.29$3.01$3.10$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.86$0.47$1.39$2.89$3.07$0.18
2015Detailed filing. Detailed filing data is available for this year.$2.04$0.47$1.57$3.28$3.42$0.14
2014Detailed filing. Detailed filing data is available for this year.$2.31$0.59$1.71$3.16$3.19$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.15$0.41$1.75$3.20$3.31$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.41$1.86$3.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.37$2.12$3.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.46$2.61$3.37