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
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 |
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 |