Gateway Regional Chamber Of Commerce Inc
- Assets
- $414.5k
- Revenue
- $660.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Elizabeth, NJ
- Founding
- 05/1938
- Data as of
- 06/2022
- EIN
- 22-0887600
Organization Overview
Gateway Regional Chamber Of Commerce Inc is located in Elizabeth, NJ. The organization was established in 1938. 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 06/2022, Gateway Regional Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway 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 06/2022, Gateway Regional Chamber Of Commerce Inc generated $660.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $628.4k during the year ending 06/2022. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 PROMOTE BUSINESS AND COMMUNITY GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GATEWAY REGIONAL CHAMBER OF COMMERCE IS THE LARGEST BUSINESS ASSOCIATION IN THE NEW YORK METROPOLITAN AREA WITH ABOUT 1,200 MEMBERS. THE CHAMBER HOLDS APPROXIMATELY 150 EVENTS PER YEAR FROM LARGE 600-PERSON DINNERS TO SMALL 10-PERSON BREAKFASTS, WITH A GREAT EMPHASIS ON NETWORKING AND BUSINESS PROMOTION.
THE GATEWAY CHAMBER SERVES AS AN UMBRELLA ORGANIZATION FOR A NUMBER OF REGIONAL AND LOCAL CHAMBERS AND NETWORKING GROUPS INCLUDING: THE UNION COUNTY CHAMBER OF COMMERCE, THE CENTRAL JERSEY CHAMBER OF COMMERCE, THE ROUTE 22 CHAMBER OF COMMERCE, THE KENILWORTH CHAMBER OF COMMERCE, THE ROSELLE PARK CHAMBER OF COMMERCE, THE CLARK CHAMBER OF COMMERCE, THE LINDEN CHAMBER OF COMMERCE, THE SOMERSET HILLS BUSINESS NETWORK, THE BLACK BUSINESS ALLIANCE, THE GATEWAY WAREHOUSE ASSOCIATION AND THE IRISH BUSINESS ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Coyle President | Officer | 39 | $195,274 |
John Audett Chairman Emeritus | OfficerTrustee | 2 | $0 |
Sandy Hilenski Vice Chair | OfficerTrustee | 2 | $0 |
Lou Beckerman Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Manzo Chair | OfficerTrustee | 2 | $0 |
Denis Connell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,247 |
| 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 | $78,247 |
| Total Program Service Revenue | $551,470 |
| Investment income | $26 |
| 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 | $660,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,350 |
| Compensation of current officers, directors, key employees. | $33,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,986 |
| Office expenses | $4,424 |
| Information technology | $4,453 |
| Royalties | $0 |
| Occupancy | $9,173 |
| Travel | $3,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,544 |
| All other expenses | $0 |
| Total functional expenses | $628,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $414,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $414,462 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $414,462 |
| 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 | $414,462 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gateway Regional Chamber Of Commerce Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Atlantic Health System Inc Morristown, NJ PURPOSE: General Support | $7,500 |
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 |