Ridgewood Chamber Of Commerce Inc
- Assets
- $83.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 22-1689199
Organization Overview
Ridgewood Chamber Of Commerce Inc is located in Ridgewood, NJ. The organization was established in 1942. 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. Ridgewood 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, Ridgewood Chamber Of Commerce Inc generated $126.5k 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 $95.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICES PROVIDE INFORMATION TO AND ENCOURAGE INTERACTION BETWEEN LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Groome Executive Dir. | 40 | $40,987 | |
Philip Davis Director | 1 | $0 | |
Jean Marie Perron Secretary | 0 | $0 | |
Rob Dowling Treasurer | 1 | $0 | |
Megan Fraser Director | 1 | $0 | |
Lisa Sammataro Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $59,695 |
| Investment income | $1,239 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $34,342 |
| Other Revenue | $0 |
| Total Revenue | $126,476 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,881 |
| Professional fees and other payments to independent contractors | $1,200 |
| Occupancy, rent, utilities, and maintenance | $16,753 |
| Printing, publications, postage, and shipping | $265 |
| Other expenses | $18,399 |
| Total expenses | $95,498 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,282 |
| Other assets | $0 |
| Total assets | $83,782 |
| Total liabilities | $600 |
| Net assets or fund balances | $83,182 |
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