Nonprofit · EIN 31-1037348
WORTHINGTON AREA CHAMBER OF COMMERCE INC
Tax-exempt · WORTHINGTON, OH 43085
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $335,968 | $318,658 | $17,310 | $159,870 | $38,036 | $121,834 |
| December 31, 2023 | 990 | $263,600 | $263,292 | $308 | $161,934 | $57,410 | $104,524 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $115,733
- Membership dues
- $113,233
- Program service revenue
- $217,941
- Investment income
- $2,294
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $82,423
- Other salaries and wages
- $61,948
- Salaries, compensation and benefits (total)
- $178,267
- Professional fundraising fees
- $0
- Accounting fees
- $5,013
- Occupancy
- $32,595
- Travel
- $1,425
- Depreciation
- $7,991
- Program services (functional)
- $292,663
- Management and general (functional)
- $25,995
Balance sheet and other
- Total assets, start of year
- $161,934
- Total assets, end of year
- $159,870
- Total liabilities, end of year
- $38,036
- Net assets, end of year
- $121,834
- Land, buildings and equipment
- $57,031
- Net assets without donor restrictions
- $57,783
- Net assets with donor restrictions
- $64,051
- Gross unrelated business income
- $6,430
- Gross receipts
- $335,968
- Employees
- 2
- Volunteers
- 150
- Year formed
- 1958
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Lofy | Executive Director Officer | 40 | $82,423 |
| Lori Godorhazy | Past Chair Trustee or director, Officer | 1 | $0 |
| Matt Gregory | Chair Trustee or director, Officer | 1 | $0 |
| Mack Hanna | Treasurer Trustee or director, Officer | 1 | $0 |
| David Polakowski | Incoming Chair Trustee or director, Officer | 1 | $0 |
| Derek Voytovich | Past Chair Trustee or director | 1 | $0 |
| Jamie Bartlett | Secretary Trustee or director, Officer | 1 | $0 |
| Jeff Bell | Trustee Trustee or director | 1 | $0 |
| Jill Bookhout | Trustee Trustee or director | 1 | $0 |
| Jamie Cleverly | Trustee Trustee or director | 1 | $0 |
| Scott Green | Trustee Trustee or director | 1 | $0 |
| Melanie Huffman | Trustee Trustee or director | 1 | $0 |
| Jeri Lucco | Trustee Trustee or director | 1 | $0 |
| Ty Nisthauz | Trustee Trustee or director | 1 | $0 |
| Carlyn Pitterle | Trustee Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adam Sammons | Trustee Trustee or director | 1 | $0 |
| Adrian Sullivan | Trustee Trustee or director | 1 | $0 |
| Sara Dunn | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matthew Lofy | Executive Director Officer | 40 | $79,250 |
| Lori Godorhazy | Chair Trustee or director, Officer | 1 | $0 |
| Matt Gregory | Incoming Chair Trustee or director, Officer | 1 | $0 |
| Mack Hanna | Treasurer Trustee or director, Officer | 1 | $0 |
| David Polakowski | Secretary Trustee or director | 1 | $0 |
| Derek Voytovich | Past Chair Trustee or director | 1 | $0 |
| Jamie Bartlett | Trustee Trustee or director | 1 | $0 |
| Jeff Bell | Trustee Trustee or director | 1 | $0 |
| Jill Bookhout | Trustee Trustee or director | 1 | $0 |
| Jamie Cleverly | Trustee Trustee or director | 1 | $0 |
| Scott Green | Trustee Trustee or director | 1 | $0 |
| Melanie Huffman | Trustee Trustee or director | 1 | $0 |
| Jeri Lucco | Trustee Trustee or director | 1 | $0 |
| Ty Nisthauz | Trustee Trustee or director | 1 | $0 |
| Carlyn Pitterle | Trustee Trustee or director | 1 | $0 |
| Adam Sammons | Trustee Trustee or director | 1 | $0 |
| Adrian Sullivan | Trustee Trustee or director | 1 | $0 |
| Sara Dunn | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 659 HIGH ST MAILBOX 21, WORTHINGTON, OH 43085-4105
- Principal officer (990 for 2024)
- Matthew Lofy, 659 High St Mailbox 21, Worthington, OH 43085
- Signed the 990
- Matthew Lofy, Executive Director
- Phone
- (614) 888-3040
- Website
- www.worthingtonchamber.org
- Return prepared by
- WHALEN CPAS
Mission
Assist local businesses and promote economic development in the Worthington area by providing promotional, business exposure and referral opportunities.
Program accomplishments
- Provide opportunities and activities for members to network and build strong relationships to stimulate business growth among members and to promote economic development that results in a strong, dynamic community.Expenses $292,663 · revenue $217,941
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1037348
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $159,870
- Income (IRS master file)
- $335,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $335,968 | $318,658 | $159,870 | IRS |
| 990 | December 2023 | $263,600 | $263,292 | $161,934 | XML |
| 990 | December 2022 | $248,711 | $289,946 | $167,984 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1037348).
Questions about WORTHINGTON AREA CHAMBER OF COMMERCE INC
- What is the EIN of WORTHINGTON AREA CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of WORTHINGTON AREA CHAMBER OF COMMERCE INC is 31-1037348.
- Is WORTHINGTON AREA CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1985.
- Are donations to WORTHINGTON AREA CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WORTHINGTON AREA CHAMBER OF COMMERCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORTHINGTON AREA CHAMBER OF COMMERCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORTHINGTON AREA CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORTHINGTON AREA CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names Matthew Lofy.
- Who are the officers and directors of WORTHINGTON AREA CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $82,423 (Matthew Lofy, Executive Director).
- How much revenue does WORTHINGTON AREA CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $335,968, expenses of $318,658 and total assets of $159,870 at year end.
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