Northampton Chamber Of Commerce
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $96.1k
- Employees
- 6
- Location
- Northampton, MA
- Founding
- 08/1942
- Data as of
- 12/2022
- EIN
- 04-1679420
Organization Overview
Northampton Chamber Of Commerce is located in Northampton, MA. The organization was established in 1942. 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 12/2022, Northampton Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northampton 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 12/2022, Northampton Chamber Of Commerce generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $992.6k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GREATER NORTHAMPTON CHAMBER OF COMMERCE, A MEMBERSHIP ORGANIZATION, IS TO BE A CATALYST FOR COLLABORATION AND INNOVATION TO FOSTER A THRIVING ECONOMY & COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF ITS MEMBERS.NORTHAMPTON GIFT CARD PROGRAM - INVEST IN LOCAL BUSINESSESECONOMIC DEVELOPMENT - ADVOCACY, PROGRAMS, PROJECTSCOMMUNITY ENGAGEMENT - PR SUPPORT AND DEI INITIATIVESLINK/LEARN SERIES - BUSINESS EDUCATIONAL PROGRAMMING AND CURRICULUM
THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF ITS MEMBERS.NORTHAMPTON GIFT CARD PROGRAM - INVEST IN LOCAL BUSINESSESECONOMIC DEVELOPMENT - ADVOCACY, PROGRAMS, PROJECTSCOMMUNITY ENGAGEMENT - PR SUPPORT AND DEI INITIATIVESLINK/LEARN SERIES - BUSINESS EDUCATIONAL PROGRAMMING AND CURRICULUM
THE CHAMBER SUPPORTS, INITIATES, AND COORDINATES ACTIVITES THAT PROMOTE AND ENHANCE NORTHAMPTON AS A VISITOR DESTINATION. HAMPSHIRE COUNTY REGIONAL TOURISM COUNCIL - MARKETING, PROMOTION, AND SERVICES FOR TOURISM, CONVENTION, TRAVEL, AND RECREATION IN HAMPSHIRE COUNTY.
THE CHAMBER SUPPORTS, INITIATES, AND COORDINATES ACTIVITES THAT PROMOTE AND ENHANCE NORTHAMPTON AS A VISITOR DESTINATION. HAMPSHIRE COUNTY REGIONAL TOURISM COUNCIL - MARKETING, PROMOTION, AND SERVICES FOR TOURISM, CONVENTION, TRAVEL, AND RECREATION IN HAMPSHIRE COUNTY.
THE CHAMBER SERVES AS A FOCUS TO ENHANCE AND MEASURE THE ECONOMIC DEVELOPMENT OF GREATER NORTHAMPTON. THE CHAMBER TAKES ON THE COORDINATING ROLE OF IDENTIFYING MAJOR DIRECTONS FOR ECONOMIC DEVELOPMENT, PRIORITIES FOR ACTIVITIES, IDENTIFICATION OF PEOPLE AND ORGANIZATIONS RESPONSIBLE FOR MOVING ACTIVITIES FORWARD AND TIME FRAMES. THE CHAMBER ALSO ORGANIZES ITSELF AS A RESOURCE CENTER TO FACILITATE AND SUPPORT NEW BUSINESS START-UPS AND ESTABLISHED BUSINESS RETENTION AND GROWTH. COMMUNITY REVITALIZATION FUND - COVID-19 RELIEF FOR SMALL, LOCAL BUSINESSESRESTAURANT SECTOR SUPPORT - MARKETING CAMPAIGNS FOR LOCAL RESTAURANTSCOMMERCIAL DEVELOPERS' ADVISORY - DOWNTON COMMERCIAL DEVELOPMENT
THE CHAMBER SERVES AS A FOCUS TO ENHANCE AND MEASURE THE ECONOMIC DEVELOPMENT OF GREATER NORTHAMPTON. THE CHAMBER TAKES ON THE COORDINATING ROLE OF IDENTIFYING MAJOR DIRECTONS FOR ECONOMIC DEVELOPMENT, PRIORITIES FOR ACTIVITIES, IDENTIFICATION OF PEOPLE AND ORGANIZATIONS RESPONSIBLE FOR MOVING ACTIVITIES FORWARD AND TIME FRAMES. THE CHAMBER ALSO ORGANIZES ITSELF AS A RESOURCE CENTER TO FACILITATE AND SUPPORT NEW BUSINESS START-UPS AND ESTABLISHED BUSINESS RETENTION AND GROWTH. COMMUNITY REVITALIZATION FUND - COVID-19 RELIEF FOR SMALL, LOCAL BUSINESSESRESTAURANT SECTOR SUPPORT - MARKETING CAMPAIGNS FOR LOCAL RESTAURANTSCOMMERCIAL DEVELOPERS' ADVISORY - DOWNTON COMMERCIAL DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Mccormick President | OfficerTrustee | 4 | $0 |
Lindsay Labonte Vice President | OfficerTrustee | 3 | $0 |
Kelly Rose CPA Treasurer | OfficerTrustee | 3 | $0 |
Lou Davis Director | Trustee | 2 | $0 |
Scott Keiter Director | Trustee | 2 | $0 |
Jim Gray Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $304,063 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $766,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,234,426 |
| Total Program Service Revenue | $158,084 |
| Investment income | $3,268 |
| 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 | $1,395,778 |
| 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. | $116,898 |
| Compensation of current officers, directors, key employees. | $11,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,853 |
| Payroll taxes | $29,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $113,494 |
| Office expenses | $4,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,521 |
| Travel | $2,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,260 |
| Insurance | $6,648 |
| All other expenses | $53,804 |
| Total functional expenses | $992,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,004,809 |
| Savings and temporary cash investments | $15,047 |
| Pledges and grants receivable | $6,328 |
| Accounts receivable, net | $97,767 |
| 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 | $172,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $96,147 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $814 |
| Total assets | $1,393,319 |
| Accounts payable and accrued expenses | $38,204 |
| Grants payable | $0 |
| Deferred revenue | $152,110 |
| 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 | $17,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $514,351 |
| Total liabilities | $722,412 |
| Net assets without donor restrictions | $203,788 |
| Net assets with donor restrictions | $467,119 |
| 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 | $1,393,319 |