Greater Salem Chamber Of Commerce
- Assets
- $165.2k
- Revenue
- $175.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Salem, NH
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 02-0435343
Organization Overview
Greater Salem Chamber Of Commerce is located in Salem, 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 12/2021, Greater Salem Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Salem 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 12/2021, Greater Salem Chamber Of Commerce generated $175.2k 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 (4.5%) each year. All expenses for the organization totaled $215.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE CONCERNS OF BUSINESS PEOPLE ON TOWN, COUNTRY, STATE, NATIONAL AND INTERNATIONAL LEGISTATION AND POLITICAL AFFAIRS; ADDRESS ISSUES AND CONTROVERSIES WHICH AFFECT THE EXPANSION AND GROWTH OF BUSINESSES AND COMMUNITIES WITHIN IT'S TRADE AREA; AFFIRM AND PROMOTE THE RETAIL, COMMERCIAL, INDUSTRIAL, EDUCATIONAL, FINANCIAL AND CIVIC INTEREST OF THE CHAMBER'S SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL DINNER - THIS PROGRAM PROVIDES A FRIENDLY ATMOSPHERE FOR ALL GREATER SALEM CHAMBER MEMBERS TO GATHER AND HAVE A RELAXING DINNER WITH DANCING.
GREATER SALEM CHAMBER GOLF CLASSIC- THIS PROGRAM REACHES OUT TO THOSE WITH SIMILAR HOBBIES AND PROVIDING A LAID BACK ATMOSPHERE TO NETWORK AND GET TO KNOW MORE ABOUT THE INDIVIDUALS IN THE COMMUNITY.
GREATER SALEM EXPO- THIS PROGRAM IS OPEN TO THE PUBLIC AND ALLOWS BUSINESSES FROM ALL OVER THE GREATER SALEM REGION TO DISPLAY ALL THAT THEIR BUSINESS HAS TO OFFER.
ALL OTHER PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Morris President | Officer | 40 | $71,664 |
Eric Leuteritz Immediate Pa | Officer | 1 | $0 |
Judy David Treasurer | Officer | 1 | $0 |
Erin Daley Director | Trustee | 1 | $0 |
Barbara Harris First Vice C | Trustee | 1 | $0 |
Jinelle Hobson Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,743 |
| 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 | $19,743 |
| Total Program Service Revenue | $117,190 |
| Investment income | $565 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,163 |
| 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. | $71,664 |
| Compensation of current officers, directors, key employees. | $71,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,421 |
| Office expenses | $7,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,954 |
| Insurance | $3,244 |
| All other expenses | $4,356 |
| Total functional expenses | $215,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,846 |
| Savings and temporary cash investments | $42,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $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 | $165,181 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $56,817 |
| Total liabilities | $56,817 |
| 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 | $108,364 |
| Total liabilities and net assets/fund balances | $165,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Salem Chamber Of Commerce 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 |