Reading Chamber Of Commerce Incorporated
- Assets
- $58.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, MA
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 04-3057681
Organization Overview
Reading Chamber Of Commerce Incorporated is located in Reading, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Chamber Of Commerce Incorporated 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 12/2021, Reading Chamber Of Commerce Incorporated generated $124.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $115.9k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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 |
|---|---|---|---|
Lisa Egan Executive Director | 40 | $51,496 | |
Josh Harrington President | 2 | $0 | |
Jenniffer Rogers Treasurer | 2 | $0 | |
Catherine Barton Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,545 |
| Total Program Service Revenue | $19,565 |
| Membership dues | $43,019 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,486 |
| Other Revenue | $0 |
| Total Revenue | $124,618 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,563 |
| Professional fees and other payments to independent contractors | $3,077 |
| Occupancy, rent, utilities, and maintenance | $2,093 |
| Printing, publications, postage, and shipping | $123 |
| Other expenses | $37,071 |
| Total expenses | $115,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,130 |
| Other assets | $0 |
| Total assets | $58,793 |
| Total liabilities | $13,875 |
| Net assets or fund balances | $44,918 |
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