Cape Cod Chamber Of Commerce
- Assets
- $3.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Centerville, MA
- Founding
- 09/1943
- Data as of
- 06/2021
- EIN
- 04-1148920
Organization Overview
Cape Cod Chamber Of Commerce is located in Centerville, MA. The organization was established in 1943. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Cape Cod Chamber Of Commerce employed 16 individuals. This organization is the central organization for a national or regional group of organizations. Cape Cod 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 06/2021, Cape Cod Chamber Of Commerce generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) 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
CAPE COD CHAMBER OF COMMERCE ADVOCATES ON BEHALF OF BUSINESS TO STRENGHTEN AND PROMOTE REGIONAL ECONOMIC VITALITY WHILE ADDRESSING RELATED CULTURAL, ENVIRONMENTAL & COMMUNITY CONCERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES THE IMPROVEMENT OF CONDITIONS WITHIN THE BUSINESS AND TOURISM COMMUNITY OF CAPE COD. OTHER CHAMBER ACTIVITIES FOSTER BUSINESS GROWTH ON CAPE COD.
TO SUPPORT PROJECTS OF ECONOMIC SIGNIFICANCE AND DEVELOPMENT WITHIN THE CAPE COD AREA AND TO STIMULATE THE GENERAL BUSINESS CLIMATE OF CAPE COD.
OPERATING, STAFFING, AND MAINTAINING THE VISITOR CENTERS IN THE CAPE COD AREA TO STIMULATE AND SUPPORT THE TOURISM INDUSTRY IN THE GREATER CAPE COD.
990-T ADVERTISING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Northcross President, C | 60 | $130,126 | |
Janet Feeney Chair | OfficerTrustee | 3 | $0 |
James Tenaglia Clerk | OfficerTrustee | 3 | $0 |
David Troutman Vice-Chair | OfficerTrustee | 3 | $0 |
Linda Markham Immed Past C | OfficerTrustee | 3 | $0 |
Lisa Oliver Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $987,807 |
| Investment income | $4,334 |
| 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 | $2,239,331 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $339,199 |
| Pension plan accruals and contributions | $16,806 |
| Other employee benefits | $24,587 |
| Payroll taxes | $42,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $324,979 |
| Office expenses | $81,818 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,835 |
| Travel | $3,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,588 |
| Insurance | $11,427 |
| All other expenses | $0 |
| Total functional expenses | $1,831,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,094,776 |
| Savings and temporary cash investments | $0 |
| 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 | $64,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $34,865 |
| Other assets | $413,494 |
| Total assets | $3,184,036 |
| 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 | $477,494 |
| Total liabilities | $477,494 |
| 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 |
| Total liabilities and net assets/fund balances | $2,706,542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cape Cod Chamber Of Commerce has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
George T & Joan M Beck Foundation Inc Ocean Ridge, FL PURPOSE: GENERAL | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Real Estate Board Of New York Inc New York, NY | $13,608,943 | $14,285,773 |
United States Council For International Business New York, NY | $8,377,861 | $9,810,410 |
Long Island Board Of Realtors Inc West Babylon, NY | $32,824,680 | $7,922,994 |
German American Chamber Of Commerce Inc New York, NY | $3,820,432 | $6,890,973 |
Buffalo Niagara Convention & Vistors Bureau Inc Buffalo, NY | $3,394,435 | $6,164,269 |
Lake Placid Chamber Of Commerce Inc Lake Placid, NY | $4,857,333 | $6,938,582 |
Economic Development Council Of Western Massachusetts Inc Springfield, MA | $1,229,213 | $5,047,431 |
Independent Drivers Guild Inc Long Island City, NY | $5,104,857 | $7,835,962 |
World Trade Centers Association Inc New York, NY | $23,293,174 | $7,185,978 |
Building Contractors Association Inc New York, NY | $2,719,541 | $4,963,157 |
Pension Real Estate Association Hartford, CT | $6,735,705 | $4,410,849 |
Connecticut Association Of Realtors Inc East Hartford, CT | $9,376,383 | $5,792,556 |