Greater Boston Chamber Of Commerce Foundation Inc
- Assets
- $224.8k
- Revenue
- $711.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 04-2790704
Organization Overview
Greater Boston Chamber Of Commerce Foundation Inc is located in Boston, MA. The organization was established in 1984. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, 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. Greater Boston Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater Boston Chamber Of Commerce Foundation Inc generated $711.8k in total revenue. All expenses for the organization totaled $922.4k during the year ending 12/2021. While expenses have increased by 64.8% 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.
Since 2015, Greater Boston Chamber Of Commerce Foundation Inc has awarded 16 individual grants totaling $443,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY AWAKE - EMPOWERS YOUNG PROFESSIONALS IN A VARIETY OF WAYS THAT ENCOURAGES THESE RISING LEADERS TO STAY INVESTED IN THE REGION'S FUTURE SUCCESS.
SMALL BUSINESS STRONG - A STATE-WIDE INITIATIVE IN MASSACHUSETTS, COMPRISED OF NUMEROUS ORGANIZATIONS FROM VARIOUS INDUSTRIES WORKING TOGETHER TO PROVIDE FREE BUSINESS RESOURCES TO MINORITY AND WOMEN-OWNED SMALL BUSINESSES THAT HAVE BEEN AFFECTED BY THE COVID-19 CRISIS.
GREATER BOSTON CHAMBER OF COMMERCE - TO MAKE GREATER BOSTON THE BEST PLACE FOR ALL BUSINESSES AND PEOPLE TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Collette Phillips Director | 0.2 | $0 | |
Beilei Huang Clerk | 1.5 | $0 | |
Charlayne Murrell-Smith Director | 0.2 | $0 | |
James E Rooney President/chairman | 0.3 | $0 | |
Timothy Grady Treasurer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $711,800 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $711,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $842,408 |
| Total operating and administrative expenses | $842,408 |
| Contributions, gifts, grants paid | $80,000 |
| Total expenses and disbursements | $922,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,899 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $10,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,950 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $224,849 |
| Accounts payable and accrued expenses | $130,968 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $105,000 |
| Total liabilities | $235,968 |
Grants Awarded
Over the last fiscal year, Greater Boston Chamber Of Commerce Foundation Inc has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO SUPPORT CITY AWAKE PROGRAM | $75,000 |
Boston, MA PURPOSE: TO SUPPORT POLICY PROJECT RELATED TO SCHOOL TESTING | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Boston Chamber Of Commerce Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The American Ireland Fund Boston, MA PURPOSE: COMMUNITY DEVELOPMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Committee Of Cape Cod & Islands Inc Hyannis, MA | $2,759,831 | $21,367,135 |
Community Action Inc Haverhill, MA | $8,979,922 | $19,940,316 |
The Promesa Housing Development Fund Corporation Bronx, NY | $39,360,301 | $8,538,986 |
Northwest Bronx Community And Clergy Coalition Inc Bronx, NY | $5,985,223 | $6,738,060 |
Connecting For Children And Families Inc Woonsocket, RI | $1,914,929 | $4,351,217 |
O D A Community Development Corp Brooklyn, NY | $670,721 | $3,199,814 |
Citizens Committee For New York City Inc New York, NY | $7,691,250 | $2,979,222 |
Warren-Hamilton Counties Action Committee For Economic Opportunity Glens Falls, NY | $823,409 | $2,609,574 |
Vital Communities Inc White River Junction, VT | $1,663,364 | $2,954,150 |
Polish American Citizens Association Of Cambridge Incorpora Danvers, MA | $0 | $0 |
Senior Citizens League Of Flatbush Inc Brooklyn, NY | $196,100 | $1,899,125 |
New York Rural Water Association Inc Claverack, NY | $4,491,129 | $2,430,923 |