Marblehead Chamber Of Commerce is located in Marblehead, MA. The organization was established in 1992. 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 09/2023, Marblehead Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marblehead 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 09/2023, Marblehead Chamber Of Commerce generated $119.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $118.5k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF TOWN OF MARBLEHEAD BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF TOWN OF MARBLEHEAD CHAMBER OF COMMERCE MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daniel Brothers Director | Trustee | 1 | $0 |
Candice Bishop Conlon Treasurer | Trustee | 1 | $0 |
Name Not Listed Secretary | Trustee | 1 | $0 |
Name Not Listed Vice Epresident | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $59,562 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $59,562 |
Total Program Service Revenue | $59,518 |
Investment income | $10 |
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 | $119,090 |
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. | $65,268 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,990 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,728 |
Payroll taxes | $6,784 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,030 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,158 |
Office expenses | $1,827 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,000 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $898 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,458 |
All other expenses | $11,923 |
Total functional expenses | $118,464 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $34,468 |
Savings and temporary cash investments | -$4,178 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,899 |
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 | $2,318 |
Net Land, buildings, and equipment | $1,769 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $37,276 |
Accounts payable and accrued expenses | $6,717 |
Grants payable | $0 |
Deferred revenue | $2,295 |
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 | $1,951 |
Total liabilities | $10,963 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $26,313 |
Total liabilities and net assets/fund balances | $37,276 |