Springfield Regional Chamber Of Commerce
- Assets
- $90.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, VT
- Founding
- 03/1945
- Data as of
- 12/2022
- EIN
- 03-0159195
Organization Overview
Springfield Regional Chamber Of Commerce is located in Springfield, VT. The organization was established in 1945. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Regional 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, Springfield Regional Chamber Of Commerce generated $89.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $80.8k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION MAINTAINED ONGOING COMMUNICATION WITH ITS MEMBER BUSINESSES, COMMUNITY ORGANIZATIONS AND GREATER COMMUNITY IN A POST-PANDEMIC ECONOMY, AND THE SOUTHEAST VERMONT LEADERSHIP PROGRAM WAS RE-ESTABLISHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Farnum President | 5 | $0 | |
Sue Dana Treasurer | 5 | $0 | |
Amy Duffy Secretary | 5 | $0 | |
Cas Krupinsky Director | 1 | $0 | |
Chris Maggiolo Director | 1 | $0 | |
Mike Dion Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,607 |
| Total Program Service Revenue | $6,912 |
| Membership dues | $39,235 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,531 |
| Other Revenue | $26,566 |
| Total Revenue | $89,851 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,408 |
| Professional fees and other payments to independent contractors | $1,157 |
| Occupancy, rent, utilities, and maintenance | $8,277 |
| Printing, publications, postage, and shipping | $1,280 |
| Other expenses | $32,669 |
| Total expenses | $80,791 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,459 |
| Other assets | $0 |
| Total assets | $90,348 |
| Total liabilities | $497 |
| Net assets or fund balances | $89,851 |