Chelsea Chamber Of Commerce

Organization Overview

Chelsea Chamber Of Commerce is located in Chelsea, MA. The organization was established in 0000. 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 12/2023, Chelsea Chamber Of Commerce employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Chelsea 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 12/2023, Chelsea Chamber Of Commerce generated $209.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $239.1k during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

BUSINESS ASSOCIATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

ORGANIZE BUSINESS FUNCTIONS FOR MEMBERS TO NETWORK, SPONSOR EDUCATIONAL INFORMATION SESSIONS FOR AND TO SUPPLY VARIOUS SUPPORT SERVICES FOR BUSINESS OWNERS


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Board, Officers & Key Employees

Name (title)Compensation
Madelyn Garcia
Director
$0
Nader Acevedo
Director
$0
Renee Caso
Director
$0
Richard Gordon
Director
$0
Yahya Noor
Director
$0
Mustapha Et-Taik
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$39,675
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$110,131
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$149,806
Total Program Service Revenue$21,548
Investment income $42
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $38,447
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $209,843

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