Melrose Chamber Of Commerce Inc
- Assets
- $87.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Melrose, MA
- Founding
- 10/1993
- Data as of
- 12/2022
- EIN
- 04-2656028
Organization Overview
Melrose Chamber Of Commerce Inc is located in Melrose, MA. The organization was established in 1993. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Melrose Chamber Of Commerce 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.
For the year ending 12/2022, Melrose Chamber Of Commerce Inc generated $107.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $101.4k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Izzi President | 5 | $0 | |
Joe Guarino President Elect | 1 | $0 | |
Jeff Newman Past President | 1 | $0 | |
Joseph Gulino Treasurer | 1 | $0 | |
Charlie Melia Secretary | 1 | $0 | |
Brad Hutchinson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $52,530 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $54,769 |
| Other Revenue | $0 |
| Total Revenue | $107,343 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,833 |
| Professional fees and other payments to independent contractors | $1,085 |
| Occupancy, rent, utilities, and maintenance | $8,940 |
| Printing, publications, postage, and shipping | $329 |
| Other expenses | $26,191 |
| Total expenses | $101,378 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,903 |
| Other assets | $0 |
| Total assets | $87,856 |
| Total liabilities | $33,709 |
| Net assets or fund balances | $54,147 |