Fairfield Chamber Of Commerce Inc
- Assets
- $330.1k
- Revenue
- $292.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Fairfield, CT
- Founding
- 05/1976
- Data as of
- 06/2021
- EIN
- 06-0619132
Organization Overview
Fairfield Chamber Of Commerce Inc is located in Fairfield, CT. The organization was established in 1976. 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 06/2021, Fairfield 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. Fairfield 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 06/2021, Fairfield Chamber Of Commerce Inc generated $292.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $249.1k during the year ending 06/2021. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMPREHENSIVE PROGRAMS TO IMPROVE THE BUSINESS CLIMATE FOR SERVICE, MANUFACTURING AND RETAIL IN THE TOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
SCHEDULE PART II PROGRAM SERVICE EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Balaz President | Officer | 40 | $96,587 |
Kevin Brady Chairman | OfficerTrustee | 1 | $0 |
Sam Gen Treasurer | OfficerTrustee | 1 | $0 |
Susan Cipollaro Secretary | OfficerTrustee | 0.5 | $0 |
Ryan Scully Legal Advisor | Officer | 1 | $0 |
John Roseneau Past Co-Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,370 |
| Investment income | $892 |
| 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 | $292,065 |
| Statement of Expenses | |
|---|---|
| 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. | $96,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,362 |
| Pension plan accruals and contributions | $4,070 |
| Other employee benefits | $7,680 |
| Payroll taxes | $11,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $448 |
| Office expenses | $2,713 |
| Information technology | $9,291 |
| Royalties | $0 |
| Occupancy | $20,993 |
| Travel | $80 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,175 |
| Insurance | $4,027 |
| All other expenses | $0 |
| Total functional expenses | $249,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,364 |
| Savings and temporary cash investments | $188,044 |
| 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 | $3,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $330,120 |
| Accounts payable and accrued expenses | $1,372 |
| Grants payable | $0 |
| Deferred revenue | $34,477 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,080 |
| Total liabilities | $176,929 |
| 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 |
| Total liabilities and net assets/fund balances | $153,191 |
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