Tri-Town Chamber Of Commerce Inc
- Assets
- $255.4k
- Revenue
- $241.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Mansfield, MA
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 04-2975004
Organization Overview
Tri-Town Chamber Of Commerce Inc is located in Mansfield, 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 12/2023, Tri-Town Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Town 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 12/2023, Tri-Town Chamber Of Commerce Inc generated $241.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $211.4k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE TRI-TOWN CHAMBER OF COMMERCE, INC. IS A NON-PROFIT MEMBERSHIP ORGANIZATION REPRESENTING BUSINESS AND PROFESSIONAL PEOPLE. ITS MISSION IS TO BRING BUSINESS PEOPLE TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING OF THEIR ORGANIZATIONS AND THEREBY IMPROVE THE QUALITY OF LIFE IN FOXBOROUGH, MANSFIELD AND NORTON. THE CHAMBER IS COMMITTED TO PROVIDING EFFECTIVE BUSINESS LEADERSHIP, FOSTERING A HEALTHY BUSINESS CLIMATE AND PROMOTING AWARENESS AND APPRECIATION OF THE TRI-TOWN AREA. IN PURSUING ITS MISSION, THE CHAMBER WILL DEMONSTRATE SENSITIVITY AND RESPONSIVENESS TO THE NEEDS AND CONCERNS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRI-TOWN CHAMBER OF COMMERCE, INC. IS A NON-PROFIT MEMBERSHIP ORGANIZATION REPRESENTING BUSINESS AND PROFESSIONAL PEOPLE. ITS MISSION IS TO BRING BUSINESS PEOPLE TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING OF THEIR ORGANIZATIONS AND THEREBY IMPROVE THE QUALITY OF LIFE IN FOXBOROUGH, MANSFIELD, AND NORTON. THE CHAMBER IS COMMITTED TO PROVIDING EFFECTIVE BUSINESS LEADERSHIP, FOSTERING A HEALTHY BUSINESS CLIMATE, AND PROMOTING AWARENESS AND APPRECIATION OF THE TRI-TOWN AREA. IN PURSUING ITS MISSION, THE CHAMBER WILL DEMONSTRATE SENSITIVITY AND RESPONSIVENESS TO THE NEEDS AND CONCERNS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
F Jay Barrows Director | Trustee | 2 | $0 |
Felix Betro Director | Trustee | 2 | $0 |
Peter Clark Director | Trustee | 2 | $0 |
Carie Ann Bailey President | Officer | 2 | $0 |
Name Not Listed Past Presid | Officer | 2 | $0 |
Kara Griffin Executive Di | Officer | 40 | $81,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $117,523 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,523 |
| Total Program Service Revenue | $108,674 |
| Investment income | $565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,795 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,557 |
| 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. | $81,016 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $29,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,201 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,016 |
| Insurance | $2,706 |
| All other expenses | $10,397 |
| Total functional expenses | $211,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,784 |
| Savings and temporary cash investments | $30,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $146,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $255,429 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $17,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,850 |
| Total liabilities | $18,955 |
| Net assets without donor restrictions | $0 |
| 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 | $236,474 |
| Total liabilities and net assets/fund balances | $255,429 |