Monmouth Regional Chamber Of Commerce Inc
- Assets
- $115.2k
- Revenue
- $176.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Freehold, NJ
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 21-0724285
Organization Overview
Monmouth Regional Chamber Of Commerce Inc is located in Freehold, NJ. 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, Monmouth Regional Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monmouth Regional 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 12/2021, Monmouth Regional Chamber Of Commerce Inc generated $176.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $217.9k during the year ending 12/2021. 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
TO PROMOTE BUSINESS, ENHANCE ECONOMOIC DEVELOPMENT AND SERVE AS A CATALYST FOR IMPROVING THE OVERALL QUALITY OF LIFE IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTING ON BEHALF OF THE BUSINESS COMMUNITY, THE CHAMBER EDUCATES ADVOCATES AND COMMUNICATES THROUGH BUSINESS SHOWS, PUBLICATIONS, GENERAL MEETINGS, SEMINARS, CONFERENCES, WORKSHOPS, LEGISLATIVE MEETINGS, NETWORKING PROGRAMS, PARTNERSHIPS, ETC. THE CHAMBER OF COMMERCE PROVIDES A NETWORK FOR COMMUNITY LEADERS TO HEAR AND LISTEN TO INPUT FROM THE BUSINESS PERSEPECTIVE WHILE WORKING TOGETHER FOR COMMUNITY DEVELOPMENT.
N/A
N/S
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prakash Vasa Treasurer | OfficerTrustee | 0.5 | $0 |
Tara Demyanovich Board Member | OfficerTrustee | 0.5 | $0 |
Sherilyn Przelomski Board Member | OfficerTrustee | 0.5 | $0 |
Joanne Colella Board Member | Trustee | 0.5 | $0 |
Alfred Alioso Board Member | Trustee | 0.5 | $0 |
Beatriz Oesterheld Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $163,714 |
| Investment income | $8 |
| 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 | $176,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,350 |
| 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. | $81,405 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $228 |
| Office expenses | $31,784 |
| Information technology | $6,215 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $538 |
| 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 | $415 |
| Insurance | $3,983 |
| All other expenses | $68,055 |
| Total functional expenses | $217,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,604 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343 |
| Total assets | $115,212 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $58,717 |
| 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 | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $78,717 |
| Net assets without donor restrictions | $36,495 |
| 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 | $115,212 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Monmouth Regional Chamber Of Commerce Inc has recieved totaling $5,150.
| Awarding Organization | Amount |
|---|---|
New Jersey Natural Gas Company Charity Wall, NJ PURPOSE: CIVIC | $2,500 |
New Jersey Natural Gas Company Charity Wall, NJ PURPOSE: CIVIC | $1,000 |
New Jersey Natural Gas Company Charity Wall, NJ PURPOSE: CIVIC | $1,000 |
New Jersey Natural Gas Company Charity Wall, NJ PURPOSE: CIVIC | $500 |
Ansell Zaro Grimm & Aaronfoundation Ocean Township, NJ PURPOSE: UNRESTRICTED | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
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 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
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 |
Workers Compensation Security Fund Basking Ridge, NJ | $229,766,675 | $28,644,741 |