Connecticut River Valley Chamber Of Commerce is located in Glastonbury, CT. The organization was established in 0000. 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, Connecticut River Valley Chamber Of Commerce employed 5 individuals. Connecticut River Valley Chamber Of Commerce 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, Connecticut River Valley Chamber Of Commerce generated $446.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $307.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. 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
THE CORE PURPOSE OF THE CHAMBER IS TO DEVELOP BENEFICIAL RELATIONSHIPS THAT SERVE AND ENHANCE A THRIVING REGIONAL BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMIUNITY PROMOTIONAL EVENTS INCLUDING THE APPLE HARVEST FESTIVAL AND ROAD RACES.
LEADERSHIP AND NETWORKING EVENTS INCLUDING YOUNG PROFESSIONAL BUSINESS NETWORKING GATHERINGS, NETWORKING/RESOURCE GROUP FOR WOMEN AND ANNUAL LEADERSHIP DEVELOPMENT PROGRAMS.
BUSINESS AND COMMUNITY SERVICES INCLUDING NEW RESIDENT ORIENTATION PACKAGES, NEWSLETTER, LEADS EXCHANGE, AND BUSINESS AFTER HOURS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jessica Olander President | OfficerTrustee | 40 | $48,615 |
Mary Ellen Dombrowski Past President | OfficerTrustee | 40 | $41,817 |
Diane Lipes Event Officer | OfficerTrustee | 2 | $0 |
Paul Haas Chairman | OfficerTrustee | 2 | $0 |
Sherry Williams Treasurer | OfficerTrustee | 2 | $0 |
Bob Zanlungo Family/comm Eng | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $147,996 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $79,764 |
All other contributions, gifts, grants, and similar amounts not included above | $5,910 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $233,670 |
Total Program Service Revenue | $185,364 |
Investment income | $37 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,550 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $23,163 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $446,784 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,555 |
Grants and other assistance to domestic individuals. | $3,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $90,432 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $36,030 |
Pension plan accruals and contributions | $3,020 |
Other employee benefits | $2,377 |
Payroll taxes | $12,675 |
Fees for services: Management | $1,859 |
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 | $364 |
Office expenses | $38,622 |
Information technology | $9,236 |
Royalties | $0 |
Occupancy | $29,150 |
Travel | $0 |
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 | $0 |
Insurance | $3,909 |
All other expenses | $0 |
Total functional expenses | $307,728 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $223,735 |
Savings and temporary cash investments | $98,400 |
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 | $4,283 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,511 |
Total assets | $330,929 |
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 | $0 |
Unsecured mortgages and notes payable | $100,000 |
Other liabilities | $0 |
Total liabilities | $100,000 |
Net assets without donor restrictions | $230,929 |
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 | $0 |
Total liabilities and net assets/fund balances | $330,929 |
Organization Name | Assets | Revenue |
---|---|---|
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |