Manhattan Chamber Of Commerce
- Assets
- $975.2k
- Revenue
- $378.1k
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 09/1973
- Data as of
- 12/2022
- EIN
- 13-2729646
Organization Overview
Manhattan Chamber Of Commerce is located in New York, NY. The organization was established in 1973. 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 12/2022, Manhattan Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manhattan 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 12/2022, Manhattan Chamber Of Commerce generated $378.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $335.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE FOR, CONNECT AND EDUCATE THE BUSINESS COMMUNITY OF MANHATTAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVOCATE FOR, CONNECT AND EDUCATE THE BUSINESS COMMUNITY OF MANHATTAN
TO ADVOCATE FOR, CONNECT AND EDUCATE THE BUSINESS COMMUNITY OF MANHATTAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Walker President An | OfficerTrustee | 40 | $128,545 |
Tom Allon Officer | Trustee | 0.4 | $0 |
Jonathan Bing Vice-Preside | OfficerTrustee | 0.4 | $0 |
Beth Bronfman Officers | Trustee | 0.4 | $0 |
Ralph Bumbaca Officers | Trustee | 0.4 | $0 |
Sunita Bajaj Officers | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,912 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,912 |
| Total Program Service Revenue | $64,478 |
| Investment income | $7 |
| 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 | $378,136 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $128,545 |
| Other salaries and wages | $66,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,697 |
| Payroll taxes | $17,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,757 |
| Advertising and promotion | $2,227 |
| Office expenses | $3,041 |
| Information technology | $8,323 |
| Royalties | $0 |
| Occupancy | $58,039 |
| Travel | $2,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $634 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $960 |
| Insurance | $3,518 |
| All other expenses | $0 |
| Total functional expenses | $335,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,906 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,500 |
| 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 | $7,536 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,460 |
| Other assets | $888,836 |
| Total assets | $975,238 |
| Accounts payable and accrued expenses | $61,283 |
| Grants payable | $0 |
| Deferred revenue | $27,708 |
| 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 | $1,291,072 |
| Total liabilities | $1,380,063 |
| Net assets without donor restrictions | -$404,825 |
| 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 | $975,238 |