Greater Boston Chamber Of Commerce
- Assets
- $11.1m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 41
- Location
- Boston, MA
- Founding
- 07/1923
- Data as of
- 12/2021
- EIN
- 04-1103090
Organization Overview
Greater Boston Chamber Of Commerce is located in Boston, MA. The organization was established in 1923. 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 Boston Chamber Of Commerce employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Boston 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 Boston Chamber Of Commerce generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Greater Boston Chamber Of Commerce has awarded 47 individual grants totaling $494,900. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE INDEPENDENT, NON-PROFIT ORGANIZATION THAT IS THE CONVENER, VOICE AND ADVOCATE OF THE REGION'S BUSINESS COMMUNITY. TO HELP MEMBERS AND GREATER BOSTON SUCCEED BY CONNECTING BUSINESS LEADERS, INFORMING THE BUSINESS COMMUNITY, SHAPING PUBLIC POLICIES AND PROVIDING LEADERSHIP DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE BETTER ECONOMIC CONDITIONS, STRATEGIC NETWORKING AND LEADERSHIP DEVELOPMENT WITHIN THE GREATER BOSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Rooney President & CEO | OfficerTrustee | 50 | $597,520 |
Carolyn Ryan Senior Vp, Policy & Resear | Officer | 40 | $213,077 |
Maureen Shae Baker Senior Vp, Membership & Ma | Officer | 40 | $199,904 |
Celia Richa Senior VP Of Programs | Officer | 40 | $198,440 |
John Joy Director Of Membership Dev | 40 | $195,562 | |
Beilei Huang Senior Director Of Finance | 40 | $136,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,817,804 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,710,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,527,804 |
| Total Program Service Revenue | $1,343,794 |
| Investment income | $90,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $265,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,257,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,400 |
| 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. | $1,282,003 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,057,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $312,848 |
| Payroll taxes | $244,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,272 |
| Fees for services: Lobbying | $1,360 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,200 |
| Advertising and promotion | $142,367 |
| Office expenses | $24,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $662,327 |
| Travel | $9,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,071 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,952 |
| Insurance | $37,069 |
| All other expenses | $120,487 |
| Total functional expenses | $6,281,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,093,585 |
| Savings and temporary cash investments | $569,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,753 |
| 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 | $302,887 |
| Net Land, buildings, and equipment | $1,007,338 |
| Investments—publicly traded securities | $5,957,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,000 |
| Total assets | $11,076,057 |
| Accounts payable and accrued expenses | $1,015,490 |
| 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 | $568,100 |
| Other liabilities | $1,842,363 |
| Total liabilities | $3,425,953 |
| Net assets without donor restrictions | $7,650,104 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $11,076,057 |
Grants Awarded
Over the last fiscal year, Greater Boston Chamber Of Commerce has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON WHILE BLACK PURPOSE: CONTRIBUTIONS | $25,000 |
Boston, MA PURPOSE: CONTRIBUTION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Greater Boston Chamber Of Commerce has recieved totaling $215,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Greater Boston Chamber Of Commerce Foundation Inc Boston, MA PURPOSE: TO SUPPORT CITY AWAKE PROGRAM | $75,000 |
National Skills Coalition Washington, DC PURPOSE: RACIAL EQUITY LEARNING GROUP AGREEMENT & BLU SUBGRANT AGREEMENT | $35,000 |
Greater Boston Chamber Of Commerce Foundation Inc Boston, MA PURPOSE: TO SUPPORT POLICY PROJECT RELATED TO SCHOOL TESTING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |