Greater Dover Chamber Of Commerce
- Assets
- $746.8k
- Revenue
- $452.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Dover, NH
- Founding
- 06/1978
- Data as of
- 12/2023
- EIN
- 02-0127246
Organization Overview
Greater Dover Chamber Of Commerce is located in Dover, NH. The organization was established in 1978. 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 12/2023, Greater Dover Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Dover 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 12/2023, Greater Dover Chamber Of Commerce generated $452.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $489.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE GREATER DOVER, NEW HAMPSHIRE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS AND EVENTS AUTHORIZED BY THE BOARD OF DIRECTORS FOR THE PROMOTION AND ADVANCEMENT OF THE GREATER DOVER, NEW HAMPSHIRE AREA
A 1,000 SCHOLARSHIP IS GIVEN FOR POST-SECONDARY EDUCATION TO A STUDENT WHO DEMONSTRATES LEADERSHIP IN THE COMMUNITY, AND A 1,000 AWARD IS GIVEN TO AN INDIVIDUAL WHO IS SELECTED AS EDUCATOR OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mike Cooledge Chair | OfficerTrustee | 4 | $0 |
Ian Oneail Chair Elect | OfficerTrustee | 4 | $0 |
Benjamin Lord Vice Chair | OfficerTrustee | 4 | $0 |
Brieanna Pettengill Treasurer | OfficerTrustee | 4 | $0 |
Renee Touhey-Childress Past Chair | OfficerTrustee | 2 | $0 |
Christopher Parker Director At | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,874 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| 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 | $162,874 |
| Total Program Service Revenue | $271,347 |
| Investment income | $10,105 |
| 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 | $7,847 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,173 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,829 |
| Compensation of current officers, directors, key employees. | $21,957 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,079 |
| Payroll taxes | $17,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,270 |
| Advertising and promotion | $1,584 |
| Office expenses | $18,780 |
| Information technology | $9,120 |
| Royalties | $0 |
| Occupancy | $21,245 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $631 |
| Interest | $7,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,775 |
| Insurance | $8,911 |
| All other expenses | $19,634 |
| Total functional expenses | $489,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,714 |
| Savings and temporary cash investments | $227,279 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,214 |
| 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 | $6,748 |
| Net Land, buildings, and equipment | $493,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $746,834 |
| Accounts payable and accrued expenses | $7,165 |
| Grants payable | $0 |
| Deferred revenue | $66,067 |
| 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 | $249,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $322,924 |
| Net assets without donor restrictions | $423,910 |
| 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 | $746,834 |