Franklin County Chamber Of Commerce
- Assets
- $160.0k
- Revenue
- $401.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Greenfield, MA
- Founding
- 12/1944
- Data as of
- 06/2022
- EIN
- 04-1400370
Organization Overview
Franklin County Chamber Of Commerce is located in Greenfield, MA. The organization was established in 1944. 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, Franklin County Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County 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, Franklin County Chamber Of Commerce generated $401.4k 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 (3.6%) each year. All expenses for the organization totaled $315.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) 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 ASSIST MEMBERS IN BUSINESS MATTERS, DEVELOP TOURISM IN THE AREA & ENHANCE ECONOMIC (SEE SCH O) CONDITIONS OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER IS A MEMBERSHIP ORGANIZATION WITH APPROXIMATELY 455 MEMBERS. THE MEMBERS ARE ENTITLED TO THE FOLLOWING: A MONTHLY NEWSLETTER, MONTHLY MEETINGS THAT PROVIDE NETWORKING OPPORTUNITIES, EDUCATIONAL PROGRAMS AND PROMOTIONAL PROGRAMS, ACCESS TO GROUP HEALTH INSURANCE, A VENUE TO PROVIDE INFORMATION ABOUT MEMBER BUSINESS AND BUSINESS TRAINING PROGRAMS.
VISITORS' INFORMATION CENTER AND TOURISM PROMOTION - COSTS TO STAFF, PROVIDE PROMOTIONAL RESOURCES AND MAINTAIN A VISITOR INFORMATION CENTER DEVELOPED AND SUPPORTED UNDER THE AUSPICES OF THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana M Szynal Executive Director (until 6/2022) | OfficerTrustee | 40 | $83,849 |
Linda Dunlavy Executive Committee Member | Trustee | 1 | $0 |
Amanda Abramson Clarke Member | Trustee | 0.5 | $0 |
Rebecca Bialecki Member | Trustee | 0.5 | $0 |
Michael E Tucker Executive Committee Member | Trustee | 1 | $0 |
Elizabeth Fisk Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $230,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,530 |
| Total Program Service Revenue | $125,124 |
| Investment income | $56 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,837 |
| 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 | -$1,513 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $93,874 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,023 |
| Pension plan accruals and contributions | $472 |
| Other employee benefits | $12,800 |
| Payroll taxes | $15,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,842 |
| Advertising and promotion | $6,376 |
| Office expenses | $43,318 |
| Information technology | $7,373 |
| Royalties | $0 |
| Occupancy | $9,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,621 |
| All other expenses | $0 |
| Total functional expenses | $315,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,522 |
| Savings and temporary cash investments | $97,105 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,237 |
| 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 | $1,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,980 |
| Accounts payable and accrued expenses | $3,000 |
| Grants payable | $3,422 |
| Deferred revenue | $49,064 |
| 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 | $400 |
| Total liabilities | $55,886 |
| Net assets without donor restrictions | $104,086 |
| Net assets with donor restrictions | $8 |
| 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 | $159,980 |