Charles River Regional Chamber Inc is located in Newton Centre, MA. The organization was established in 1941. 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, Charles River Regional Chamber Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles River Regional Chamber 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 12/2021, Charles River Regional Chamber Inc generated $976.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $681.3k during the year ending 12/2021. While expenses have increased by 6.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LOCAL BUSINESS CLIMATE BY PROVIDING UNIQUE OPPORTUNITIES FOR INDIVIDUALS AND BUSINESSES WHICH ENABLE THEM TO MAKE A DIFFERENCE BY CONNECTING THEM TO IMPORTANT COMMUNITY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS CARRIED OUT BY THE CHAMBER CONTRIBUTE TOWARD COORDINATING THE CONCERNS AND EFFORTS OF BUSINESS AND PROFESSIONAL COMMUNITY IN IMPROVING THE LOCAL BUSINESS CLIMATE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Greg Reibman President | OfficerTrustee | 40 | $188,531 |
Linda Sloane Kay Chair | OfficerTrustee | 1 | $0 |
Christopher Teachout Immediate Past Chair | OfficerTrustee | 1 | $0 |
Jack Fucci Vice Chair | OfficerTrustee | 1 | $0 |
Dan Brent Treasurer | OfficerTrustee | 1 | $0 |
Jay Spencer Vice Chair | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $361,665 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $182,954 |
All other contributions, gifts, grants, and similar amounts not included above | $179,102 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $723,721 |
Total Program Service Revenue | $249,689 |
Investment income | $2,648 |
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 | $976,058 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $188,531 |
Compensation of current officers, directors, key employees. | $28,280 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $248,311 |
Pension plan accruals and contributions | $12,429 |
Other employee benefits | $32,490 |
Payroll taxes | $34,528 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,282 |
Advertising and promotion | $1,503 |
Office expenses | $2,628 |
Information technology | $4,752 |
Royalties | $0 |
Occupancy | $23,660 |
Travel | $31 |
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 | $0 |
Insurance | $3,588 |
All other expenses | $20,740 |
Total functional expenses | $681,341 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $70,976 |
Savings and temporary cash investments | $779,066 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $96,991 |
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 | $1,783 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $97,461 |
Total assets | $1,046,277 |
Accounts payable and accrued expenses | $35,865 |
Grants payable | $0 |
Deferred revenue | $255,504 |
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 | $22,033 |
Total liabilities | $313,402 |
Net assets without donor restrictions | $709,716 |
Net assets with donor restrictions | $23,159 |
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 | $1,046,277 |
Over the last fiscal year, we have identified 1 grants that Charles River Regional Chamber Inc has recieved totaling $10,500.
Awarding Organization | Amount |
---|---|
Mass General Brigham Incorporated And Affiliates Group Rtn Somerville, MA PURPOSE: COMMUNITY BENEFIT PROGRAM | $10,500 |
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