Civic Intelligence

Greater Akron Chamber of Commerce

990 • Fiscal year 2015 • EIN 34-1156576

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

Organization ProfileWWW.GREATERAKRONCHAMBER.ORG

View Organization Page

ONE CASCADE PLAZA No 1700Akron, OH 44308

(330) 376-5550

Siviq Scores

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

Liabilities / Assets

55th percentile

0.23x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

44th percentile

0.14x

Higher debt load relative to revenue than 44% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

19th percentile

-4.4%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$354,422

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

12th percentile

-12%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

51st percentile

3.7%

Faster revenue growth than 51% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$2,038,521

Down $268,068 (-12%) from 2014

Net Assets

Down

$1,569,299

Down $143,566 (-8.4%) from 2014

Liabilities

Down

$469,222

Down $124,502 (-21%) from 2014

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin19th percentile

Revenue

Up

$3,277,220

Up $117,501 (+3.7%) from 2014

Expenses

Up

$3,420,786

Up $227,502 (+7.1%) from 2014

Net Income

Down

-$143,566

Down $110,001 (-328%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2015

Assets$2,038,521
Liabilities$469,222
Net Assets$1,569,299
Open 2015 Filing

Operations Trend

Revenue Growth51st 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

2015

Revenue$3,277,220
Expenses$3,420,786
Net Income-$143,566
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$3,277,220
Mission and Program Overview

Mission

To promote business in the tri-county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,664,729$1,359,829▼ $304,900
Pledges and Grants Receivable$285,387$237,530▼ $47,857
Accounts Receivable$122,440$228,783▲ $106,343
Savings and Temporary Cash Investments$165,694$165,859▲ $165
Prepaid Expenses and Deferred Charges$15,722$17,511▲ $1,789
Land, Buildings, and Equipment, Net$21,255$6,767▼ $14,488
Total Assets$2,306,589$2,038,521▼ $268,068
Other Assets Total$31,362$22,242▼ $9,120
Liabilities
Deferred Revenue$254,330$286,636▲ $32,306
Accounts Payable and Accrued Expenses$339,394$182,586▼ $156,808
Total Liabilities$593,724$469,222▼ $124,502
Net Assets / Fund Balance
Unrestricted Net Assets$1,001,776$1,004,764▲ $2,988
Temporarily Rstr Net Assets$711,089$564,535▼ $146,554
Total Net Assets Fund Balance$1,712,865$1,569,299▼ $143,566
Total Liabilities and Net Assets / Fund Balance$2,306,589$2,038,521▼ $268,068

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,767$160,566$167,333
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel ColantonePres & CEOFT$320,573$33,849$354,422
Richard RebadowVP ExecFT$194,400$33,579$227,979

Board Members and Trustees

NameTitle
Bradley A WrighttRUSTEE
Bruce a JentnerTrustee
Charles E Jones JrTrustee
Christine MayertRUSTEE
Christopher McknightTrustee
David J SchipperTrustee
David a BrockmanTrustee
Dennis a KleidonTrustee
Donald PlusquellicTrustee
Donzell S TaylorTrustee
Edward T EliopoulosTrustee
Fred WrighttRUSTEE
Gordy OpitzTrustee
J Michael KolkTrustee
JOhn H Higgins JrtRUSTEE
Jacqueline TinnemeyerTrustee
James L RuhlinTrustee
Jay a GershenTrustee
Jeff a MurphyTrustee
Jeffery a walterstRUSTEE
Jeffrey C DouglastRUSTEE
John KrajewskiTrustee
John L ShulanTrustee
John T Petures JrTrustee
Joseph GingoTrustee
Karen L TalbottTrustee
Ken BabbyTrustee
Kevin O ThompsonTrustee
Kyle KutuchiefTrustee
Lester a LeftonTrustee
Luis M ProenzaTrustee
Marc B MerklintRUSTEE
Mark CohentRUSTEE
Mark a GoldfarbTrustee
Martin HauserTrustee
Melissa MarshallTrustee
Michael G WojnotRUSTEE
Nicholas V BrowningTrustee
Para JonesTrustee
Paul FitzhenryTrustee
Philip H MaynardTrustee
Phillip R DuryeaTrustee
Richard B McqueenTrustee
Richard C FedorovichTrustee
Robert FilipiaktRUSTEE
Robert W MaloneTrustee
Roger D EmersonTrustee
Russell PryTrustee
S Theresa CarterTrustee
Scott LevinTrustee
Stephen KristantRUSTEE
Steven CharlesTrustee
Steven E StrahTrustee
Steven L MarkstRUSTEE
Theodore F WalterTrustee
Thomas J StraussTrustee
Tia M RamlowTrustee
Tim StovertRUSTEE
Virginia C AlbaneseTrustee
William C ShiversTrustee
William H ConsidineTrustee
William J GinterTrustee
karl j warnketRUSTEE
Revenue and Support

Revenue Composition

Contributions and Grants
$2,273,686
Program Service Revenue
$999,376
Investment Income
$4,158
Other Revenue
$0
Change in Net Assets
$-143,566

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,277,220
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,277,220
Total Revenue per Form 990
$3,277,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,978,982
Other Expenses$1,441,304
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$955,578
Current Officers, Directors, Trustees, and Key Employees---$645,954
Other Employee Benefits---$206,687
Occupancy---$204,232
Office Expenses---$103,635
Payroll Taxes---$99,992
Pension Plan Contributions---$70,771
Other Expenses---$52,526
Travel---$50,707
Fees for Services Accounting---$22,315
Advertising---$17,436
All Other Expenses---$14,928
Depreciation Depletion---$14,488
Insurance---$12,614
Information Technology---$6,523
Fees for Services Other---$1,992
Grants to Domestic Orgs---$500
Total Functional Expenses$0$0$0$3,420,786

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,420,786
Total Expenses per Audited Statements$3,420,786
Total Expenses per Form 990$3,420,786
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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$32,192
Total Nondeductible Lobbying and Political Cost$32,192
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
No
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

“Classes of members or stockholders: organized with members”

Form 990, Part VI, Section A, line 7A

“Election of members and their rights: all members have one vote for nominated individuals.”

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

“Decisions subject to approval of members: certain decisions require approval of members.”

Form 990, Part VI, Section B, line 11

“ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE 990 IS REVIEWED BY THE OFFICERS AND FINANCE COMMITTEE BEFORE IT IS FILED and available to the board upon request.”

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

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

Form 990, Part VI, Section B, line 15A

“COMPENSATION PROCESS FOR TOP OFFICIALS: THE COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE, COMPARABLE DATA, AND COMTEMPORANEOUS SUBSTANTIATION OF the DELIBERATION AND DECISION.”

Form 990, Part VI, Section C, line 19

“Governing documents disclosure explanation: the organization makes all documents available to the public upon request to the office and additional some documents are available through guidestar.”

Filing and Contact Details

Filer

Filer Name
Greater Akron Chamber of Commerce
EIN
34-1156576
Phone
3303765550
Address
ONE CASCADE PLAZA No 1700, AKRON, OH 44308

Signing Officer

Name
Dan Colantone
Title
CEO and President
Phone
3303765550
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel C Colantone
Formed
1974
Legal Domicile
Oh
Voting Board Members
63
Independent Board Members
63
Employees
24
Volunteers
250

Preparer

Firm
Apple Growth Partners
Address
1540 WEST MARKET ST, AKRON, OH 44313
Preparer
Christopher J Benko CPA
Phone
3308677350
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“Process has not changed from prior year”

Financial Statement Notes

Part X, Line 2:

“The Fund is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and, therefore, no provision for income taxes is included in the financial statements. The Fund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

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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/OtherCompensationAmt6433579
IRS990/Form990PartVIISectionAGrp/PersonNm0BRUCE A JENTNER
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES E JONES JR
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID A BROCKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID J SCHIPPER
IRS990/Form990PartVIISectionAGrp/PersonNm4KEN BABBY
IRS990/Form990PartVIISectionAGrp/PersonNm5DENNIS A KLEIDON
IRS990/Form990PartVIISectionAGrp/PersonNm6DONZELL S TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm7EDWARD T ELIOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm8GORDY OPITZ
IRS990/Form990PartVIISectionAGrp/PersonNm9J MICHAEL KOLK
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES L RUHLIN
IRS990/Form990PartVIISectionAGrp/PersonNm11STEVEN CHARLES
IRS990/Form990PartVIISectionAGrp/PersonNm12JAY A GERSHEN
IRS990/Form990PartVIISectionAGrp/PersonNm13JEFF A MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN L SHULAN
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN T PETURES JR
IRS990/Form990PartVIISectionAGrp/PersonNm16KAREN L TALBOTT
IRS990/Form990PartVIISectionAGrp/PersonNm17KEVIN O THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm18LESTER A LEFTON
IRS990/Form990PartVIISectionAGrp/PersonNm19LUIS M PROENZA
IRS990/Form990PartVIISectionAGrp/PersonNm20MARK A GOLDFARB
IRS990/Form990PartVIISectionAGrp/PersonNm21NICHOLAS V BROWNING
IRS990/Form990PartVIISectionAGrp/PersonNm22PHILIP H MAYNARD
IRS990/Form990PartVIISectionAGrp/PersonNm23PHILLIP R DURYEA
IRS990/Form990PartVIISectionAGrp/PersonNm24RICHARD B MCQUEEN
IRS990/Form990PartVIISectionAGrp/PersonNm25RICHARD C FEDOROVICH
IRS990/Form990PartVIISectionAGrp/PersonNm26PAUL FITZHENRY
IRS990/Form990PartVIISectionAGrp/PersonNm27ROBERT W MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm28ROGER D EMERSON
IRS990/Form990PartVIISectionAGrp/PersonNm29S THERESA CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm30SCOTT LEVIN
IRS990/Form990PartVIISectionAGrp/PersonNm31STEVEN E STRAH
IRS990/Form990PartVIISectionAGrp/PersonNm32THEODORE F WALTER
IRS990/Form990PartVIISectionAGrp/PersonNm33JOSEPH GINGO
IRS990/Form990PartVIISectionAGrp/PersonNm34THOMAS J STRAUSS
IRS990/Form990PartVIISectionAGrp/PersonNm35TIA M RAMLOW
IRS990/Form990PartVIISectionAGrp/PersonNm36VIRGINIA C ALBANESE
IRS990/Form990PartVIISectionAGrp/PersonNm37WILLIAM C SHIVERS
IRS990/Form990PartVIISectionAGrp/PersonNm38WILLIAM H CONSIDINE
IRS990/Form990PartVIISectionAGrp/PersonNm39WILLIAM J GINTER
IRS990/Form990PartVIISectionAGrp/PersonNm40Bradley A Wright
IRS990/Form990PartVIISectionAGrp/PersonNm41Fred Wright
IRS990/Form990PartVIISectionAGrp/PersonNm42Jeffery a walters
IRS990/Form990PartVIISectionAGrp/PersonNm43Jeffrey C Douglas
IRS990/Form990PartVIISectionAGrp/PersonNm44JOhn H Higgins Jr
IRS990/Form990PartVIISectionAGrp/PersonNm45karl j warnke
IRS990/Form990PartVIISectionAGrp/PersonNm46Marc B Merklin
IRS990/Form990PartVIISectionAGrp/PersonNm47Mark Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm48Michael G Wojno
IRS990/Form990PartVIISectionAGrp/PersonNm49Robert Filipiak
IRS990/Form990PartVIISectionAGrp/PersonNm50Steven L Marks
IRS990/Form990PartVIISectionAGrp/PersonNm51Tim Stover
IRS990/Form990PartVIISectionAGrp/PersonNm52Christine Mayer
IRS990/Form990PartVIISectionAGrp/PersonNm53Stephen Kristan
IRS990/Form990PartVIISectionAGrp/PersonNm54DANIEL COLANTONE
IRS990/Form990PartVIISectionAGrp/PersonNm55MARTIN HAUSER
IRS990/Form990PartVIISectionAGrp/PersonNm56PARA JONES
IRS990/Form990PartVIISectionAGrp/PersonNm57JOHN KRAJEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm58KYLE KUTUCHIEF
IRS990/Form990PartVIISectionAGrp/PersonNm59MELISSA MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm60CHRISTOPHER MCKNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm61DONALD PLUSQUELLIC
IRS990/Form990PartVIISectionAGrp/PersonNm62RUSSELL PRY
IRS990/Form990PartVIISectionAGrp/PersonNm63JACQUELINE TINNEMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm64RICHARD REBADOW
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt420
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt510
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt520
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt560
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt570
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt580
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt590
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt610
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt620
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,038,521
Liabilities
$469,222
Net assets
$1,569,299
Revenue
$3,277,220
Expenses
$3,420,786
Net income
-$143,566
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