Lakewood Chamber Of Commerce
- Assets
- $90.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 21-0495520
Organization Overview
Lakewood Chamber Of Commerce is located in Lakewood, NJ. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood 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 12/2023, Lakewood Chamber Of Commerce generated $98.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $92.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO DEVELOP AND PROMOTE THE BUSINESS COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Flancbaum President | 0.5 | $0 | |
Steven Mertz First Vice-P | 0.5 | $0 | |
Leonard Allen Secretary | 0.25 | $0 | |
Ben Heinemann Member At La | 0.25 | $0 | |
Jose Fabrizzio Orozco Past Preside | 0.25 | $0 | |
Julie Vanore Second Vice | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $45,504 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,494 |
| Other Revenue | $0 |
| Total Revenue | $97,998 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,391 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,750 |
| Total expenses | $92,641 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,202 |
| Other assets | $0 |
| Total assets | $90,898 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,898 |