Madison Area Chamber Of Commerce
- Assets
- $20.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 08/1945
- Data as of
- 06/2024
- EIN
- 22-1405789
Organization Overview
Madison Area Chamber Of Commerce is located in Madison, NJ. The organization was established in 1945. 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. Madison Area 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 06/2024, Madison Area Chamber Of Commerce generated $57.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $63.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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
2024
Describe the Organization's Program Activity:
Part 3
THE MADISON CHAMBER OF COMMERCE IS A VOLUNTARY NON-FOR-PROFIT ORGANIZATION OF BUSINESS AND PROFESSIONAL PEOPLE SHARING IDEAS, TALENTS AND RESOURCES TO PROMOTE THE ECONOMIC WELFARE OF OUR DUES PAYING MEMBERS AND MADISON AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robbin Salmeri President | 2 | $0 | |
Peter Daniele 1st Vice Pre | 2 | $0 | |
Randy Hurley 2nd Vice Pre | 2 | $0 | |
E Michael Odell Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $29,175 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $28,406 |
| Other Revenue | $0 |
| Total Revenue | $57,581 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,832 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $284 |
| Other expenses | $7,017 |
| Total expenses | $63,033 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,762 |
| Other assets | $0 |
| Total assets | $20,762 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,762 |