Winthrop Chamber Of Commerce Inc
- Assets
- $195.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Winthrop, MA
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 04-2807677
Organization Overview
Winthrop Chamber Of Commerce Inc is located in Winthrop, MA. The organization was established in 1995. 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 12/2022, Winthrop Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winthrop 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, Winthrop Chamber Of Commerce Inc generated $90.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $160.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PRINTED A MONTHLY NEWSLETTER. IT ALSO SPONSORED BUSINESS AND COMMUNITY EVENTS FOR THE PURPOSE OF ENHANCING BUSINESS AND COMMUNITY RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Perrin President | 10 | $0 | |
Sheryl Queen Treasurer | 2 | $0 | |
Maryann Russo Secretary | 10 | $0 | |
Marc Chapdelaine Director | 2 | $0 | |
Joe Gugino Director | 2 | $0 | |
Ernie Hardy Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,171 |
| Total Program Service Revenue | $60,511 |
| Membership dues | $0 |
| Investment income | $199 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,881 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $36,977 |
| Salaries, other compensation, and employee benefits | $91,739 |
| Professional fees and other payments to independent contractors | $1,950 |
| Occupancy, rent, utilities, and maintenance | $6,155 |
| Printing, publications, postage, and shipping | $1,771 |
| Other expenses | $20,766 |
| Total expenses | $160,513 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,041 |
| Other assets | $0 |
| Total assets | $195,047 |
| Total liabilities | $29,143 |
| Net assets or fund balances | $165,904 |