Medford Chamber Of Commerce Inc
- Assets
- $53.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, MA
- Founding
- 03/1950
- Data as of
- 03/2022
- EIN
- 04-1609080
Organization Overview
Medford Chamber Of Commerce Inc is located in Medford, MA. The organization was established in 1950. 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. Medford Chamber Of Commerce Inc 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 03/2022, Medford Chamber Of Commerce Inc generated $120.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $103.0k during the year ending 03/2022. While expenses have increased by 3.0% per year over the past 7 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
TO ASSIST BUSINESS AND PUBLIC INTERESTS THROUGHOUT THE LOCAL COMMUNITY, TO PROMOTE AND ENCOURAGE LOCAL BUSINESSES IN THEIR EFFORTS TO SUCCEED IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Oneil Office Manager | 20 | $5,063 | |
Denise Baker Director | 10 | $0 | |
Tina Caruso Secretary | 10 | $0 | |
Paul Denato Director | 10 | $0 | |
Andrew Mather Director | 10 | $0 | |
Justin Lasko Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $120,597 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,597 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,881 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $4,000 |
| Printing, publications, postage, and shipping | $371 |
| Other expenses | $91,732 |
| Total expenses | $102,984 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,266 |
| Other assets | $0 |
| Total assets | $53,266 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,266 |
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