Greater Manchester Chamber Of Commerce
- Assets
- $1.4m
- Revenue
- $981.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Manchester, NH
- Founding
- 05/1944
- Data as of
- 12/2022
- EIN
- 02-0161920
Organization Overview
Greater Manchester Chamber Of Commerce is located in Manchester, NH. The organization was established in 1944. 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 12/2022, Greater Manchester Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Manchester 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 12/2022, Greater Manchester Chamber Of Commerce generated $981.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $969.7k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE THE VOICE OF BUSINESS, SHAPING ECONOMIC SUCCESS TO ENHANCE THE QUALITY OF LIFE IN GREATER MANCHESTER. OUR FOUR AREAS OF STRATEGIC FOCUS INCLUDE 1) ECONOMIC DEVELOPMENT 2) WORKFORCE DEVELOPMENT 3) DIVERSITY, EQUITY AND INCLUSION AND 4) THE CHAMBER OF TOMORROW. TOWARDS THESE GOALS , THE GREATER MANCHESTER CHAMBER SUPPORTS, FACILITATES, AND ENHANCES ECONOMIC VITALITY IN ORDER TO ATTRACT NEW BUSINESSES AND PROMOTE GROWTH FOR EXISTING BUSINESSES IN THE GREATER MANCHESTER REGION. THE GMC HELPS TO ATTRACTS AND DEVELOPS A DYNAMIC WORKFORCE THAT CAN SUSTAIN ECONOMIC GROWTH AND PROSPERITY FOR THE GREATER MANCHESTER REGION. WE FORGE NEW CONNECTIONS AND PARTNERSHIPS WITH DIVERSE COMMUNITIES AND STAKEHOLDERS FROM ACROSS OUR COMMUNITY AND STATE. WE SERVE AS RESOURCE FOR MEMBER BUSINESSES SEEKING TO IMPLEMENT NEW PRACTICES INTENDED TO FOSTER A CULTURE OF EQUITY AND INCLUSION IN THE WORKPLACE AND IN THE COMMUNITIES THEY SERVE. THE GMC ASPIRES TO BE THE PREMIER MEMBER-SERVING ORGANIZATION AND CH
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GMC OFFERS A VARIETY OF PROGRAMMING TO EDUCATE AND INFORM THE BUSINESS COMMUNITY ABOUT GOVERNMENT AFFAIRS, ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, DIVERSITY, EQUITY AND INCLUSION, EDUCATION AND ADVOCACY ON BEHALF OF BUSINESS AT THE CITY AND STATE LEVEL. WE MANAGE THE LEADERSHIP GREATER MANCHESTER AND MANCHESTER YOUNG PROFESSIONALS PROGRAMS THAT SHAPE AND MOLD LEADERS. WE ALSO HONOR A CITIZEN OF THE YEAR ANNUALLY FOR OUTSTANDING EXCELLENCE AND SERVICE TO THE COMMUNITY. LASTLY, WE OFFER A VARIETY OF EXPERIENTIAL AND NETWORKING PROGRAMS TO CONNECT PROFESSIONALS FOR RELATIONSHIP-BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genella Mcdonald Chair | OfficerTrustee | 1 | $0 |
Matt Cookson Vice Chair | OfficerTrustee | 1 | $0 |
Nathan Saller Past Chair | OfficerTrustee | 1 | $0 |
Sheila Mcneil Treasurer | OfficerTrustee | 1 | $0 |
Trinnie Houghton Secretary | OfficerTrustee | 1 | $0 |
Scott Spradling Ec At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,849 |
| 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 | $42,849 |
| Total Program Service Revenue | $860,443 |
| Investment income | $1,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,427 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $981,465 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $125,136 |
| Compensation of current officers, directors, key employees. | $25,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $250,450 |
| Pension plan accruals and contributions | $11,412 |
| Other employee benefits | $33,698 |
| Payroll taxes | $31,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,852 |
| Office expenses | $16,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,142 |
| Insurance | $8,194 |
| All other expenses | $36,058 |
| Total functional expenses | $969,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,347 |
| Accounts receivable, net | $52,873 |
| 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 | $13,200 |
| Net Land, buildings, and equipment | $226,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $585,132 |
| Other assets | $0 |
| Total assets | $1,382,665 |
| Accounts payable and accrued expenses | $39,336 |
| Grants payable | $0 |
| Deferred revenue | $202,804 |
| 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 | $46,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $612,308 |
| Total liabilities | $901,429 |
| Net assets without donor restrictions | $480,837 |
| Net assets with donor restrictions | $399 |
| 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 | $1,382,665 |
Grants Awarded
Over the last fiscal year, Greater Manchester Chamber Of Commerce has awarded $190,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER CONCORD CHAMBER COMM PURPOSE: COVID 19 RECOVERY | $50,000 |
GREATER DERRY-LONDONDERRY CHAMBER PURPOSE: COVID 19 RECOVERY | $30,000 |
MERRIMACK-SOUHEGAN CHAMBER PURPOSE: COVID 19 RECOVERY | $30,000 |
GREATER NASHUA CHAMBER COMM PURPOSE: COVID 19 RECOVERY | $30,000 |
GREATER SALEM CHAMBER COMM PURPOSE: COVID 19 RECOVERY | $30,000 |
GREATER HUDSON CHAMBER COMM PURPOSE: COVID 19 RECOVERY | $12,500 |