Clarence Chamber Of Commerce Inc
- Assets
- $121.0k
- Revenue
- $115.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Clarence, NY
- Founding
- 11/1992
- Data as of
- 09/2023
- EIN
- 16-1301163
Organization Overview
Clarence Chamber Of Commerce Inc is located in Clarence, NY. The organization was established in 1992. 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 09/2023, Clarence Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarence 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 09/2023, Clarence Chamber Of Commerce Inc generated $115.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $111.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BUSINESS IN TOWN OF CLARENCE, NY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE COMMON BUSINESS, COMMERCIAL & CIVIL INTERESTS AND HOLD INFORMATIONAL MEETINGS OF INTEREST TO BUSINESS PEOPLE - SPONSOR EVENTS TO SHOWCASE LOCAL BUSINESSES
MEETINGS WITH GOVERNMENT OFFICIALS - INFORM THEM OF THE NEEDS OF THE BUSINESS COMMUNITY - SPONSOR COMMUNITY BEAUTIFICATION AWARDS
PROVIDE AN ENTITY FOR HEALTH INSURANCE - ALL PREMIUMS RECEIVED ARE REMITTED TO THE INSURANCE PROVIDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Callahan Secretary/di | OfficerTrustee | 1 | $0 |
Lori Caporoso Director | Trustee | 1 | $0 |
Sarah Carr Co Board Cha | OfficerTrustee | 1 | $0 |
Doug Curella Director | Trustee | 1 | $0 |
Jeannie D'ambrosio 1st Vice Cha | OfficerTrustee | 1 | $0 |
Errol Douglas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,692 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,692 |
| Total Program Service Revenue | $5,114 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,469 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,355 |
| 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 | $0 |
| Other salaries and wages | $64,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| 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 | $170 |
| Insurance | $2,721 |
| All other expenses | $10,556 |
| Total functional expenses | $111,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,090 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $2,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,973 |
| Accounts payable and accrued expenses | $380 |
| 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 | $0 |
| Other liabilities | $5,993 |
| Total liabilities | $6,373 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $114,600 |
| Total liabilities and net assets/fund balances | $120,973 |