Charles River Regional Chamber Inc
- Assets
- $1.1m
- Revenue
- $930.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Needham, MA
- Founding
- 02/1941
- Data as of
- 12/2023
- EIN
- 04-1670500
Organization Overview
Charles River Regional Chamber Inc is located in Needham, MA. The organization was established in 1941. 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 12/2023, Charles River Regional Chamber Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles River Regional Chamber Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LOCAL BUSINESS CLIMATE BY PROVIDING UNIQUE OPPORTUNITIES FOR INDIVIDUALS AND BUSINESSES WHICH ENABLE THEM TO MAKE A DIFFERENCE BY CONNECTING THEM TO IMPORTANT COMMUNITY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS CARRIED OUT BY THE CHAMBER CONTRIBUTE TOWARD COORDINATING THE CONCERNS AND EFFORTS OF BUSINESS AND PROFESSIONAL COMMUNITY IN IMPROVING THE LOCAL BUSINESS CLIMATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Yee Director | Trustee | 1 | $0 |
Angela Pitter Director | Trustee | 1 | $0 |
Chris Wayland Director | Trustee | 1 | $0 |
Christopher Allen Director | Trustee | 1 | $0 |
Christopher Teachout Director | Trustee | 1 | $0 |
Dan Brent Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $389,287 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,091 |
| Total Program Service Revenue | $434,635 |
| Investment income | $32,231 |
| 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 | $929,957 |
| 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. | $211,958 |
| Compensation of current officers, directors, key employees. | $28,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,264 |
| Pension plan accruals and contributions | $15,850 |
| Other employee benefits | $16,094 |
| Payroll taxes | $42,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,789 |
| Advertising and promotion | $590 |
| Office expenses | $3,693 |
| Information technology | $11,605 |
| Royalties | $0 |
| Occupancy | $46,388 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,699 |
| All other expenses | $7,360 |
| Total functional expenses | $896,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,018 |
| Savings and temporary cash investments | $921,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,692 |
| 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 | $3,596 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,196 |
| Total assets | $1,092,127 |
| Accounts payable and accrued expenses | $59,734 |
| Grants payable | $0 |
| Deferred revenue | $240,498 |
| 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 | $38,000 |
| Total liabilities | $338,232 |
| Net assets without donor restrictions | $753,285 |
| Net assets with donor restrictions | $610 |
| 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 | $1,092,127 |