Chamber Of Commerce Of Eastern Connecticut Inc

Organization Overview

Chamber Of Commerce Of Eastern Connecticut Inc is located in Waterford, CT. The organization was established in 1946. 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 12/2021, Chamber Of Commerce Of Eastern Connecticut Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of Eastern Connecticut 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 12/2021, Chamber Of Commerce Of Eastern Connecticut Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 3.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CHAMBER OF COMMERCE OF EASTERN CONNECTICUT, INC. IS A COLLABORATIVE OF BUSINESS AND COMMUNITY LEADERS DEDICATED TO SECURING AND ENHANCING THE ECONOMIC VITALITY OF EASTERN CONNECTICUT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMS AND EVENTS ARE HELD BY THE CHAMBER TO HELP LOCAL BUSINESSES MEET AND NETWORK. VARIOUS SEMINARS HELP LOCAL BUSINESS OWNERS GROW PROFESSIONALLY WHILE FOSTERING THE ECONOMIC GROWTH OF THE REGION. OTHER EVENTS ARE DESIGNED TO CONNECT BUSINESSES WITH THE MEMBERS OF THE COMMUNITY THEY OPERATE IN AND SERVE. EVENTS PROVIDE IMPORTANT INFORMATIONAL UPDATES AND NETWORKING FOR MEMBERS.


MEMBERSHIP IN THE CHAMBER OPENS ACCESS FOR BUSINESSES TO REFERRALS, PROMOTIONS, EDUCATION SEMINARS, REPRESENTATION ON LEGISLATIVE MATTERS, EXPANSION SUPPORT, INSURANCE OPTIONS, AND ASSISTANCE THROUGH PARTNERSHIPS WITH SUCH ASSOCIATION AS THE SBA AND THE DEPARTMENT OF COMMERCE.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Sheridan
President & CEO
$213,506
Patrick Green
Vice Chair
$0
Mary Ellen Jukoski
Chairman
$0
Jennifer Granger
Treasurer
$0
Anthony Joyce
Vice Chair
$0
Heather Cini Roberts
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$799,476
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$799,476
Total Program Service Revenue$741,907
Investment income $2,515
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,762,572

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Chamber Of Commerce Of Eastern Connecticut Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Sea Research Foundation Inc

Mystic, CT

PURPOSE: GENERAL SUPPORT

$15,000
View Grant Recipient Profile

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