Greater Holyoke Chamber Of Commerce
- Assets
- $40.2k
- Revenue
- $196.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Holyoke, MA
- Founding
- 02/1943
- Data as of
- 06/2020
- EIN
- 04-1448580
Organization Overview
Greater Holyoke Chamber Of Commerce is located in Holyoke, MA. The organization was established in 1943. 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 06/2020, Greater Holyoke 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 Holyoke 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 06/2020, Greater Holyoke Chamber Of Commerce generated $196.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $245.9k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP BUSINESSES PROSPER AND CREATE A COMMUNITY ENVIRONMENT CONDUCIVE TO ECONOMIC OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES THAT ARE IN LINE WITH THE COMPANY MISSION OF HELPING BUSINESS PROSPER AND CREATING A COMMUNITY ENVIRONMENT CONDUCIVE TO ECONOMIC OPPORTUNITY AND A POSITIVE BUSINESS CLIMATE, INCLUDING THE AWARDS THAT RECOGNIZE OPERATIONAL EXCELLENCE FOR BOTH BUSINESSES AND NON-PROFIT ORGANIZATIONS.
VARIOUS EVENTS PROVIDING MEMBERS WITH OPPORTUNITIES TO DEVELOP MARKETS, EXPERTISE AND PROFITABILITY AND TO NETWORK WITH OTHER BUSINESSES. SOME OF THE EVENTS TYPICALLY HELD BY THE CHAMBER WERE POSTPONED DUE TO COVID RESTRICTIONS.
ASSISTED CITY OF HOLYOKE WITH COVID-19 HOLYOKE BUSINESS EMERGENCY OPERATIONS GRANT PROGRAM. TWO BOARD MEMBERS OF THE CHAMBER SERVED AS REPRESENTATIVES ON A COMMITTEE THAT REVIEWED APPLICATIONS SUBMITTED FOR THIS FUNDING TO DETERMINE ELIGIBILITY. THE CHAMBER WILL BE RESPONSIBLE FOR COORDINATING THE PAYOUT OF THE PROGRAM FUNDS TO THE ELIGIBLE APPLICANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soniah Gonzalez Financial Manager | Officer | 37.5 | $46,728 |
Margaret Mantoni Past Chairperson | OfficerTrustee | 1 | $0 |
John Driscoll Clerk | OfficerTrustee | 1 | $0 |
Andrea Marion President | Officer | 37.5 | $0 |
Michael Filomeno 2nd Vice-Chairperson | Trustee | 1 | $0 |
Kevin Mccaffrey Chairperson | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,946 |
| Investment income | $341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| 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 | $196,029 |
| 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. | $16,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,574 |
| Pension plan accruals and contributions | $1,678 |
| Other employee benefits | $18,638 |
| Payroll taxes | $15,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,605 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $975 |
| Advertising and promotion | $3,595 |
| Office expenses | $2,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,463 |
| Travel | $1,376 |
| 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 | $433 |
| Insurance | $4,169 |
| All other expenses | $0 |
| Total functional expenses | $245,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,916 |
| Savings and temporary cash investments | $7,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,732 |
| Prepaid expenses and deferred charges | $1,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $238 |
| Total assets | $40,230 |
| Accounts payable and accrued expenses | $36,089 |
| Grants payable | $0 |
| Deferred revenue | $7,371 |
| 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 | $3,000 |
| Other liabilities | $10,226 |
| Total liabilities | $56,686 |
| 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 | -$16,456 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Holyoke Chamber Of Commerce has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Project Bread - The Walk For Hunger Inc East Boston, MA PURPOSE: COMMUNITY PARTNERSHIPS MICROGRANTS SEPTEMBER 2021 | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |