Franklin County Chamber Of Commerce
- Assets
- $121.0k
- Revenue
- $245.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Greenfield, MA
- Founding
- 12/1944
- Data as of
- 06/2021
- EIN
- 04-1400370
Organization Overview
Franklin County Chamber Of Commerce is located in Greenfield, MA. The organization was established in 1944. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Franklin County Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County 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 06/2021, Franklin County Chamber Of Commerce generated $245.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $263.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST MEMBERS IN BUSINESS MATTERS, DEVELOP TOURISM IN THE AREA & ENHANCE ECONOMIC CONDITIONS OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER IS A MEMBERSHIP ORGANIZATION WITH APPROXIMATELY 455 MEMBERS. THE MEMBERS ARE ENTITLED TO THE FOLLOWING: A MONTHLY NEWSLETTER, MONTHLY MEETINGS THAT PROVIDE NETWORKING OPPORTUNITIES, EDUCATIONAL PROGRAMS AND PROMOTIONAL PROGRAMS, ACCESS TO GROUP HEALTH INSURANCE, A VENUE TO PROVIDE INFORMATION ABOUT MEMBER BUSINESS AND BUSINESS TRAINING PROGRAMS.
GREENFIELD BUSINESS ASSOCIATION - A MEMBERSHIP PROGRAM (WITH APROX. 110 MEMBERS) FOR BUSINESSES LOCATED IN THE TOWN OF GREENFIELD PROVIDING PROGRAMS FOR THE BENEFIT OF THESE BUSINESSES AND PROMOTIONS.
VISITORS' INFORMATION CENTER AND TOURISM PROMOTION - COSTS TO STAFF, PROVIDE PROMOTIONAL RESOURCES AND MAINTAIN A VISITOR INFORMATION CENTER DEVELOPED AND SUPPORTED UNDER THE AUSPICES OF THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana M Szynal Executive Director | OfficerTrustee | 40 | $77,414 |
John H Howland Chair | OfficerTrustee | 1 | $0 |
Shelby Snow Hasanbasic Vice-Chair | OfficerTrustee | 1 | $0 |
Elizabeth Fisk Past Chair | OfficerTrustee | 1 | $0 |
Robert Gilmore Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Hadley Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $109,221 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,306 |
| Total Program Service Revenue | $3,358 |
| Investment income | $26 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,145 |
| 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 | $126 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,516 |
| 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. | $78,956 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,792 |
| Pension plan accruals and contributions | $801 |
| Other employee benefits | $11,469 |
| Payroll taxes | $11,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,684 |
| Advertising and promotion | $2,818 |
| Office expenses | $11,450 |
| Information technology | $8,497 |
| Royalties | $0 |
| Occupancy | $21,743 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,390 |
| Insurance | $4,891 |
| All other expenses | $5,822 |
| Total functional expenses | $263,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,334 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,236 |
| 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 | $3,347 |
| Net Land, buildings, and equipment | $1,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,033 |
| Accounts payable and accrued expenses | $17,092 |
| Grants payable | $0 |
| Deferred revenue | $42,473 |
| 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 | $39,598 |
| Other liabilities | $400 |
| Total liabilities | $99,563 |
| Net assets without donor restrictions | $21,470 |
| Net assets with donor restrictions | $0 |
| 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 | $121,033 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |