Souhegan Valley Chamber Of Commerce Inc
- Assets
- $139.0k
- Revenue
- $194.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Amherst, NH
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 02-0424369
Organization Overview
Souhegan Valley Chamber Of Commerce Inc, operating under the name Greater Merrimack-Souhegan Valley Chamber of Commerce, is located in Amherst, NH. The organization was established in 1996. 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 06/2022, Greater Merrimack-Souhegan Valley 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 Merrimack-Souhegan Valley 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 06/2022, Greater Merrimack-Souhegan Valley Chamber of Commerce generated $194.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $158.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, MAINTAIN AND ENHANCE THE AREAS ECONOMIC CLIMATE SO BUSINESSES WILL LOCATE IN OUR REGION, GROW AND HIRE EMPLOYEES AND STAY IN OUR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EVENTS NETWORKING EVENTS AND THE BEST OF SOUHEGAN VALLEY REGIONAL AWARDS. SUCH AWARD EVENTS AND OTHER SOCIAL ACTIVITIES ARE DESIGNED TO BRING BUSINESS MEMBERS AND THE COMMUNITY TOGETHER TO FOSTER AWARENESS, COMMUNICATION, AND INTERACTION REGARDING OPPORTUNITIES IN THE SURROUNDING COMMUNITIES REPRESENTED BY THE ORGANIZATION. THE ORGANIZATION RUNS SPECIAL EVENTS THROUGHOUT THE YEAR.
LUNCH N LEADS, BUSINESS AFTER/BEFORE HOURS, CHAMBER REFERRAL GROUPS AND ROUNDTABLES. THESE PROGRAMS SERVE THE MISSION TO BRING BUSINESS MEMBERS TOGETHER TO PROMOTE THE AWARENESS OF LOCAL SERVICES AND OPPORTUNITIES PROVIDED IN THE GENERAL COMMUNITY. ACTIVITY SUSPENDED THIS YEAR DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Calabria Executive Director | OfficerTrustee | 40 | $56,045 |
Holly Morales Director | Trustee | 4 | $2,020 |
Andrew Cirrone Vice Chair | Trustee | 3 | $0 |
Kimberlee Hemmer Board Chair | Trustee | 3 | $0 |
Gary Zimmerman Treasurer | Trustee | 3 | $0 |
Joanne Mcgovern Secretary | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $109,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,300 |
| Total Program Service Revenue | $48,144 |
| Investment income | $62 |
| 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 | $194,031 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $84,430 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $315 |
| Payroll taxes | $7,213 |
| Fees for services: Management | $150 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40 |
| Office expenses | $10,508 |
| Information technology | $4,461 |
| Royalties | $0 |
| Occupancy | $19,003 |
| Travel | $550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,553 |
| All other expenses | $0 |
| Total functional expenses | $158,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,761 |
| 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 | $371 |
| 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 | $138,955 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $59,830 |
| 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 | $0 |
| Other liabilities | $1,180 |
| Total liabilities | $61,010 |
| 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 | $77,945 |
| Total liabilities and net assets/fund balances | $138,955 |
Grants Awarded
Over the last fiscal year, Souhegan Valley Chamber Of Commerce Inc has awarded $16,150 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Milford, NH | | $6,150 |
Campton, NH | | $5,000 |
Milford, NH | | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Souhegan Valley Chamber Of Commerce Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Greater Manchester Chamber Of Commerce Manchester, NH PURPOSE: COVID 19 RECOVERY | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH | $22,637,554 | $26,561,020 |
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
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 |