Charles River Regional Chamber Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Greg Reibman
President
$188,531
Linda Sloane Kay
Chair
$0
Christopher Teachout
Immediate Past Chair
$0
Jack Fucci
Vice Chair
$0
Dan Brent
Treasurer
$0
Jay Spencer
Vice Chair
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Charles River Regional Chamber Inc has recieved totaling $10,500.

Awarding OrganizationAmount
Mass General Brigham Incorporated And Affiliates Group Rtn

Somerville, MA

PURPOSE: COMMUNITY BENEFIT PROGRAM

$10,500
View Grant Recipient Profile

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