Salem Chamber Of Commerce in Salem, Ohio (OH)

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Salem Chamber Of Commerce
Employer Identification Number (EIN)340505970
Name of OrganizationSalem Chamber Of Commerce
Address713 East State Street, Salem, OH 44460-2927
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionChamber of Commerce
Ruling Date03/1977
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$137,287
Amount of Income$191,221
Form 990 Revenue Amount$178,033


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Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$166,546$178,033
Contributions, gifts, grants, and similar amounts received$0$3,508
Program service revenue including government fees and contracts$54,390$64,220
Membership dues and assessments$82,797$78,999
Investment income$4,622$61
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$17,430$25,595$25,317
Gross income from gaming$0$0$0
Gross income from fundraising events$34,171$38,505
Less: direct expenses from gaming and fundraising events$16,741$13,188
Gross profit/loss from sales of inventory$6,415$0
Other revenue$892$5,928
Total expenses$157,765$176,373
Total net assets$94,908$71,382
Excess/Deficit for the year$8,781$1,660
Net assets or fund balances at beginning of year$73,328$69,722
Other changes in net assets or fund balances$12,799$0
Net assets or fund balances at end of year$71,382
Balance Sheets
201120122013
Total assets$121,047$141,486$137,287
Total liabilities$26,139$71,764$65,905
Net assets or fund balances$94,908$71,382
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesYesNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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