Cape Cod Chamber Of Commerce
- Assets
- $3.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Centerville, MA
- Founding
- 09/1943
- Data as of
- 06/2023
- EIN
- 04-1148920
Organization Overview
Cape Cod Chamber Of Commerce is located in Centerville, MA. The organization was established in 1943. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Cape Cod Chamber Of Commerce employed 19 individuals. This organization is the central organization for a national or regional group of organizations. Cape Cod Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Cape Cod Chamber Of Commerce generated $3.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 6.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CAPE COD CHAMBER OF COMMERCE ADVOCATES ON BEHALF OF BUSINESS TO STRENGHTEN AND PROMOTE REGIONAL ECONOMIC VITALITY WHILE ADDRESSING RELATED CULTURAL, ENVIRONMENTAL & COMMUNITY CONCERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES THE IMPROVEMENT OF CONDITIONS WITHIN THE BUSINESS AND TOURISM COMMUNITY OF CAPE COD. OTHER CHAMBER ACTIVITIES FOSTER BUSINESS GROWTH ON CAPE COD.
990-T ADVERTISING
TO SUPPORT PROJECTS OF ECONOMIC SIGNIFICANCE AND DEVELOPMENT WITHIN THE CAPE COD AREA AND TO STIMULATE THE GENERAL BUSINESS CLIMATE OF CAPE COD.
WE SPONSOR A REGIONAL VISITORS CENTER IN THE CAPE COD AREA TO STIMULATE AND SUPPORT THE TOURISM INDUSTRY IN THE GREATER CAPE COD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Tenaglia Chair | OfficerTrustee | 3 | $0 |
Elizabeth Oliver Vice Chair | OfficerTrustee | 3 | $0 |
Mike Migliore Treasurer | OfficerTrustee | 3 | $0 |
Paulo Paraguay Clerk | OfficerTrustee | 3 | $0 |
David Troutman Director | Trustee | 3 | $0 |
Marty Bruemmel Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $573,218 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,003,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,577,042 |
| Total Program Service Revenue | $319,144 |
| Investment income | $31,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,972,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,056,358 |
| Pension plan accruals and contributions | $40,301 |
| Other employee benefits | $45,488 |
| Payroll taxes | $82,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $776,427 |
| Office expenses | $178,490 |
| Information technology | $29,534 |
| Royalties | $0 |
| Occupancy | $63,558 |
| Travel | $41,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,297 |
| Insurance | $12,703 |
| All other expenses | $10,424 |
| Total functional expenses | $2,927,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,974,671 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $526,254 |
| Investments—publicly traded securities | $1,012,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,458 |
| Total assets | $3,818,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $305,458 |
| Total liabilities | $305,458 |
| Net assets without donor restrictions | $2,745,156 |
| Net assets with donor restrictions | $768,047 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,818,661 |