Delaware Small Business Chamber Inc
- Assets
- $72.4k
- Revenue
- $115.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- Data as of
- 12/2022
- EIN
- 45-4428335
Organization Overview
Delaware Small Business Chamber Inc is located in Newark, DE. 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. Delaware Small Business Chamber 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A CHAMBER OF COMMERCE HELPING SMALL BUSINESS OWNERS GET THEIR BUSINESS STARTED AND GROW BY PROVIDING RESOURCES TO CONNECT WITH OTHERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATED FUNFEST, A COMMUNITY EVENT FEATURE SMALL BUSINESS VENDOR KID'S ZONE FOR FAMILY FUN, MUSIC AND ENTERTAINMENT AND FOOD VENDOR AND A TACO COOK-OFF COMPETITION. HAD THE POLICE MOUNTED PATROL AND OVER 1200 PEOPLE ATTEND.
HELD OUR ANNUAL MEETING AND BLUE RIBBON AWARDS BRUNCH TO RECOGNIZE AND HONOR OVER 24 SMALL BUSINESSES THAT MAKE A DIFFERENCE IN THE COMMUNITY AND SUPPORT THE SMALL BUSINESS COMMUNITY AND OUR MISSION TO BE A MAIN RESOURCE FOR THOSE BUSINESS PEOPLE AND HELP THEM START AND BUILD THEIR SMALL COMPANIES. WE HONOR BUSINESSES AND PEOPLE IN A VARIETY OF CATEGORIES.
WE HELD AN EVENT WITH ANOTHER ORGANIZATION TO TRY AND SUPPORT SMALL BUSINESSES FOR A HOLIDAY EVENT. THE EVENT DID NOT DO WELL AND WAS NOT WELL ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Older President | 35 | $750 | |
Michael Kelly Chair 2022 | Trustee | $0 | |
Casey Fitzgerald Vice Chair 2022 | Trustee | $0 | |
Christine Menser Secretarytreasure 22 | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $115,594 |
| Investment income | $0 |
| 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 | $115,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,000 |
| Compensation of current officers, directors, key employees. | $9,000 |
| 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 | $4,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,258 |
| Office expenses | $5,702 |
| Information technology | $1,262 |
| Royalties | $0 |
| Occupancy | $21,074 |
| Travel | $337 |
| 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 | $0 |
| Insurance | $1,464 |
| All other expenses | $2,520 |
| Total functional expenses | $77,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,924 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,853 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $600 |
| 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 | $72,377 |
| Accounts payable and accrued expenses | $1,985 |
| 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 | $600 |
| Other liabilities | $16,415 |
| Total liabilities | $19,000 |
| Net assets without donor restrictions | $0 |
| 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 | $53,377 |
| Total liabilities and net assets/fund balances | $72,377 |
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