Greater Somersworth Chamber Of Commerce
- Assets
- $105.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Somersworth, NH
- Founding
- 01/1991
- Data as of
- 12/2020
- EIN
- 02-0419085
Organization Overview
Greater Somersworth Chamber Of Commerce is located in Somersworth, NH. The organization was established in 1991. 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 12/2020, Greater Somersworth Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Somersworth 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 12/2020, Greater Somersworth Chamber Of Commerce generated $54.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $68.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GREATER SOMERSWORTH CHAMBER OF COMMERCE SERVING BERWICK, NORTH BERWICK, ROLLINSFORD, SOMERSWORTH AND SOUTH BERWICK IS TO BE AN ACTIVE PARTNER IN IMPROVING THE ECONOMIC HEALTH, BUSINESS ENVIRONMENT AND VITALITY OF BERWICK, NORTH BERWICK, ROLLINSFORD, SOMERSWORTH AND SOUTH BERWICK. WE STRIVE TO PROMOTE BUSINESS THROUGH MEMBER SERVICES, EDUCATIONAL PROGRAMS, COOPERATIVE PARTNERSHIPS, AND LEGISLATIVE ADVOCACY THAT BALANCES PROSPERITY WITH THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3
ANNUAL SEACOAST FOOD TRUCK FESTIVAL, BRINGING THE COMMUNITY AND BUSINESSES TOGETHER.
ANNUAL CHAMBER DINNER
ANNUAL GOLF TOURNAMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison St Laurent Staff | 40 | $49,869 | |
Kiri Stroh Treasurer | 2 | $0 | |
Michael Muise Chair | 2 | $0 | |
Deborah Evans Board Of Director | 2 | $0 | |
Paul Edgar Board Of Director | 2 | $0 | |
Tom O-Neil Board Of Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,500 |
| Total Program Service Revenue | $600 |
| Membership dues | $16,790 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,170 |
| Other Revenue | $23,186 |
| Total Revenue | $54,246 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,869 |
| Professional fees and other payments to independent contractors | $113 |
| Occupancy, rent, utilities, and maintenance | $4,716 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $13,980 |
| Total expenses | $68,744 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,018 |
| Other assets | $0 |
| Total assets | $105,018 |
| Total liabilities | $0 |
| Net assets or fund balances | $105,018 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Brattleboro Development Credit Corporation Brattleboro, VT | $32,397,294 | $6,662,012 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |
Lean Enterprise Institute Inc Boston, MA | $4,353,748 | $5,746,296 |
New England Dairy Promotion Board Inc Boston, MA | $769,359 | $4,433,734 |
Massachusetts Society Of Certified Public Accountants Inc Boston, MA | $5,581,764 | $4,333,223 |
Air Barrier Association Of America Inc Walpole, MA | $3,544,144 | $3,499,577 |
Employers Association Of The Northeast Inc Agawam, MA | $2,530,284 | $3,473,662 |
Oasis Open Woburn, MA | $3,076,184 | $2,872,173 |
Pistoia Alliance Wakefield, MA | $1,753,143 | $2,132,539 |