2023-11-13T16:23:31-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 43604 990 2022-01-01 341342220 TOLEDO AREA CHAMBER FOUNDATION TOLE 4192438191 300 MADISON AVENUE 200 TOLEDO OH 43604 THOMAS J WALSH CFO 4192438191 2023-11-13 1 THOMAS WALSH 999009999 0 JONATHAN RICHARDS P01311831 4192443711 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WENDY R GRAMZA 300 MADISON AVENUE 200 TOLEDO OH 43604 70023 0 X WWW.TOLEDOCHAMBER.COM X 1980 OH TO ACCELERATE ECONOMIC DEVELOPMENT WITHIN THE TOLEDO REGION 7 6 0 6 0 0 230500 70000 0 0 9 23 0 0 230509 70023 55000 45000 0 0 0 0 0 0 0 40 40690 55040 85690 175469 -15667 263809 248142 0 0 263809 248142 TO ACCELERATE ECONOMIC DEVELOPMENT WITHIN THE TOLEDO REGION 0 0 85000 45000 0 SUPPORTING ECONOMIC DEVELOPMENT IN THE TOLEDO AREA 85000 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 OH X TOM WALSH 4192438191 300 MADISON AVE STE 200 TOLEDO OH 436041575 WENDY GRAMZA TREASURER/SECRETARY 1.00 43.00 X X 0 202519 31831 STEVE SMIGELSKI TRUSTEE 1.00 0.00 X 0 0 0 MATT YARDER TRUSTEE 1.00 1.00 X 0 0 0 STEVE BOWE TRUSTEE 1.00 1.00 X 0 0 0 RANDOLPH BURNS TRUSTEE 1.00 1.00 X 0 0 0 LYNETTE REICHLE CHAIRMAN 1.00 1.00 X X 0 0 0 ALEX GERKEN TRUSTEE 1.00 1.00 X 0 0 0 0 202519 31831 0 0 1 0 0 70000 70000 23 23 70023 0 0 23 45000 45000 40 40 TALENT ALIGNMENT STRATE 40000 40000 MISCELLANEOUS EXPENSE 650 650 85690 85000 690 0 88309 248142 175500 0 263809 248142 0 0 X 152570 144403 111239 103739 263809 248142 263809 248142 -15667 0 X 0 1 X 1 1 1 X X X 1 TOLEDO REGIONAL CHAMBER OF COMMERCE 344374780 10 1 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 2: THE BOARD OF DIRECTORS OF THE TOLEDO AREA CHAMBER FOUNDATION REVIEWED THE FORM 990 OF THE TOLEDO REGIONAL CHAMBER OF COMMERCE, AND WORKED CLOSELY WITH THEM TO COMPLETE AN IRC SEC. 509(A)(2) PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3B: THE BOARD OF DIRECTORS OF THE TOLEDO AREA CHAMBER FOUNDATION REVIEWS THE IRC SEC. 509(A)(2) PUBLIC SUPPORT CALCULATION COMPLETED BY THE TOLEDO REGIONAL CHAMBER OF COMMERCE EACH YEAR AS PART OF ITS RECORDS DURING THE SAME TIME IT IS COMPLETING AND FILING ITS ANNUAL FORM 990. PART IV, SECTION A, LINE 3C: THE BOARD OF DIRECTORS OF THE TOLEDO AREA CHAMBER FOUNDATION CLOSELY MONITORS EXPENDITURES OF THE FOUNDATION AND ENSURES THAT THEY ARE IN COMPLIANCE WITH APPLICABLE IRS CODES AND REGULATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 45000 45000 0 0 0 X PART IV, LINE 1B: THE FOUNDATION SERVES AS AN INTERMEDIARY FOR CONTRIBUTIONS FOR THE REGIONAL GROWTH PARTNERSHIP. REVENUE RECEIVED FOR THE REGIONAL GROWTH PARTNERSHIP IS HELD TEMPORARILY AT THE FOUNDATION AND SUBSEQUENTLY PAID TO THE PARTNERSHIP. PART X, LINE 2: THE FOUNDATION IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, NO PROVISION FOR INCOME TAX IS REQUIRED EXCEPT FOR INCOME TAXES ARISING FROM UNRELATED BUSINESS INCOME. THE ORGANIZATION ADOPTED THE INCOME TAX STANDARD FOR CERTAIN UNCERTAIN INCOME TAX POSITIONS. THE ORGANIZATION EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. 1 REGIONAL GROWTH PARTNERSHIP INC 300 MADISON AVE TOLEDO OH 43614 341823833 501(C)(6) 45000 0 FISCAL AGENCY DISTRIBUTION 0 1 PART I, LINE 2: NO SPECIFIC FOLLOW-UP AFTER THE GRANT IS PAID OUT IS DEEMED NECESSARY. THE GRANTED FUNDS ARE RELEASED AS PART OF A CUSTODIAL ARRANGEMENT WITH THE GRANTEE, WHO KEEPS ACCURATE RECORDS OF THE USE OF ITS FUNDS. 0 0 0 0 0 0 0 0 0 WENDY GRAMZA TREASURER/SECRETARY 0 200484 0 0 0 2035 0 12624 0 19207 0 234350 0 0 SCHEDULE J, PART I: THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER IS THE TOLEDO REGIONAL CHAMBER OF COMMERCE, A RELATED 501(C)(6) EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS REQUIRED TO BE COMPOSED OF SEVEN PEOPLE, APPOINTED AND ELECTED AS FOLLOWS: THE MEMBER'S CHAIRMAN, TWO VICE CHAIRMAN, AND PRESIDENT ARE AUTOMATICALLY APPOINTED TO THE TOLEDO AREA CHAMBER FOUNDATION BOARD, AND THE REMAINING THREE BOARD MEMBERS ARE ELECTED BY THE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGES TO THE BYLAWS MUST BE APPROVED BY THE MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS THEN PROVIDED TO EACH BOARD MEMBER FOR REVIEW BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL VOLUNTEERS, INCLUDING THE BOARD AND COMMITTEE MEMBERS, ARE COVERED BY THE POLICY. THE BOARD OF TRUSTEES AND EXECUTIVE COMMITEE REVIEW POTENTIAL CONFLICTS OF INTEREST AND DETERMINE IF SUCH CONFLICTS EXIST. BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. AT MONTHLY BOARD MEETINGS, IF THERE IS A CONFLICT, THE CONFLICT MUST BE DISCLOSED AND THE MEMBER MUST REFRAIN FROM DISCUSSING AND VOTING ON THAT MATTER. THE ABSTAINMENT FROM VOTING IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 HISTORICALLY, THE TOLEDO AREA CHAMBER FOUNDATION HAS NEVER MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ANY REQUEST BY A MEMBER OF THE PUBLIC TO REVIEW THESE DOCUMENTS WOULD BE CONSIDERED CAREFULLY. TOLEDO REGIONAL CHAMBER OF COMMERCE 300 MADISON AVE ENTERPRISE SUITE 2 TOLEDO OH 43604 344374780 TO PROVIDE LEADERSHIP FOR A GLOBALLY COMPETITIVE ECONOMIC CLIMATE OH 501(C)(6) N/A 0 PARTNERSHIP FOR INNOVATION AND COMPETITIVENESS 300 MADISON AVE ENTERPRISE SUITE 2 TOLEDO OH 43604 822517672 TO PROVIDE SUPPORT FOR LOCAL BALLOT ISSUES OH 501(C)(4) TOLEDO REGIONAL CHAMBER OF COMMERCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0