New Jersey State Chamber Of Commerce
- Assets
- $3.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Trenton, NJ
- Founding
- 08/1938
- Data as of
- 12/2021
- EIN
- 22-1153980
Organization Overview
New Jersey State Chamber Of Commerce is located in Trenton, 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 12/2021, New Jersey State Chamber Of Commerce employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey State 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 12/2021, New Jersey State Chamber Of Commerce generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 0.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A VIBRANT BUSINESS ENVIRONMENT AND ECONOMIC PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ADVOCACY INCLUDING ONGOING INTERACTION WITH NJ LEGISLATORS TO DISCUSS WAYS TO REDUCE TAXES AND BURDENSOME REGULATIONS AND TO PROMOTE POLICIES THAT HELP NEW JERSEY AND NJ BUSINESSES GROW AND THRIVE.
NETWORKING EVENTS WHEREBY THE CHAMBER LINKS MEMBERS WITH COMPANIES LOOKING FOR THE PRODUCTS AND SERVICES OFFERED BY MEMBERS, INCLUDING SPECIAL EVENTS TO CONNECT THE STATE'S BUSINESS AND POLITICAL LEADERS. A VARIETY OF SPECIAL NETWORKING EVENTS AND SYMPOSIUMS WERE HELD IN 2021. IN 2021 WITH A FOCUS ON DIVERSITY AND INCLUSION, THE CHAMBER HOSTED A SERIES OF REGIONAL EVENTS, WITH A CULMINATING STATEWIDE DINNER, HIGHLIGHTING THE ACHIEVEMENTS OF BUSINESS AND COMMUNITY LEADERS REPRESENTING AND/OR SUPPORTING THE UPLIFTING OF HISTORICALLY MARGINALIZED COMMUNITIES WE ALSO PUBLISH A MEMBER DIRECTORY TO HELP FACILITATE THE LINKAGES.
EDUCATION AND WORKFORCE READINESS- PROVIDES PROGRAMMING TO HELP THE NEXT GENERATION OF WORKERS PREPARE FOR THE COMPETITIVE WORLDS OF COLLEGE ADMISSIONS AND EMPLOYMENT. THIS INCLUDES SEMINARS AND PUBLICATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bracken President/ceo | Officer | 40 | $442,565 |
Michael Egenton VP Of Government Affairs | 40 | $190,429 | |
Raymond O Zardetto VP Of Communications | 40 | $169,110 | |
Donna Custard President - Nj Chamber Fdn | 40 | $139,655 | |
Neil Wildonger VP Of Operations | 40 | $124,665 | |
Rebecca Turetzkin VP Of Finance | Officer | 40 | $120,511 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $732,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $878,563 |
| Total Program Service Revenue | $2,582,745 |
| Investment income | $1,865 |
| 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 | $3,463,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,200 |
| 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. | $599,699 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,398,428 |
| Pension plan accruals and contributions | $31,369 |
| Other employee benefits | $206,953 |
| Payroll taxes | $112,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,534 |
| Advertising and promotion | $21,993 |
| Office expenses | $79,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,477 |
| Travel | $12,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $222,474 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,423 |
| Insurance | $23,195 |
| All other expenses | $16,620 |
| Total functional expenses | $3,061,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $2,757,034 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,136 |
| 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 | $29,558 |
| Net Land, buildings, and equipment | $439,485 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,348,713 |
| Accounts payable and accrued expenses | $473,197 |
| Grants payable | $0 |
| Deferred revenue | $827,642 |
| 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 | $1,300,839 |
| Net assets without donor restrictions | $562,358 |
| Net assets with donor restrictions | $1,485,516 |
| 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 | $3,348,713 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Jersey State Chamber Of Commerce has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $15,000 |
Hackensack Meridian Health Inc Edison, NJ PURPOSE: SPONSORSHIP | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Produce Marketing Association Newark, DE | $26,319,073 | $9,750,513 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |