Greater Chicopee Chamber Of Commerce
- Assets
- $187.0k
- Revenue
- $297.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicopee, MA
- Founding
- 09/1971
- Data as of
- 12/2021
- EIN
- 04-2316279
Organization Overview
Greater Chicopee Chamber Of Commerce is located in Chicopee, MA. The organization was established in 1971. 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, Greater Chicopee Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Chicopee 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 12/2021, Greater Chicopee Chamber Of Commerce generated $297.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $284.4k during the year ending 12/2021. While expenses have increased by 2.9% 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 PROMOTE THE BUSINESS IN THE CHICOPEE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER IS A PROACTIVE, INDEPENDENT LEADER AND ADVOCATE FOR THE BUSINESS INTERESTS OF ITS DIVERSE MEMBERSHIP PROVIDING RESOURCES, SUPPORT AND ADVOCACY TO CREATE AND SUSTAIN VIBRANT REGIONAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Copoulos Executive Director | Officer | 40 | $75,238 |
Mim Zayas Chair | OfficerTrustee | 2 | $0 |
Stephen Huntley Treasurer | OfficerTrustee | 2 | $0 |
A J Crane Chair Elect | OfficerTrustee | 2 | $0 |
Jason Reed Second Chair Elect | OfficerTrustee | 2 | $0 |
Ben Garvey Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,136 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,695 |
| Total Program Service Revenue | $85,430 |
| Investment income | $115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $81,485 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,457 |
| Compensation of current officers, directors, key employees. | $23,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,179 |
| Payroll taxes | $7,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,542 |
| Advertising and promotion | $11,193 |
| Office expenses | $3,186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,120 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317 |
| Insurance | $2,275 |
| All other expenses | $59,640 |
| Total functional expenses | $284,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,318 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,816 |
| 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 | $1,168 |
| Net Land, buildings, and equipment | $482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,197 |
| Other assets | $0 |
| Total assets | $186,981 |
| Accounts payable and accrued expenses | $8,773 |
| Grants payable | $0 |
| Deferred revenue | $22,893 |
| 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 | $0 |
| Total liabilities | $31,666 |
| Net assets without donor restrictions | $132,315 |
| Net assets with donor restrictions | $23,000 |
| 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 | $186,981 |
Grants Awarded
Over the last fiscal year, Greater Chicopee Chamber Of Commerce has awarded $37,750 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GOODWORKS COFFEE HOUSE LLC PURPOSE: COVID-19 RELIEF | $12,000 |
VIDEO GAME CASTLE OF PIONEER VALLEY PURPOSE: COVID-19 RELIEF | $10,000 |
LA DIASPORA PURPOSE: COVID-19 RELIEF | $10,000 |
THE HERBARIUM LLC PURPOSE: COVID-19 RELIEF | $5,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Chicopee Chamber Of Commerce has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Polish National Credit Union Chicopee, MA PURPOSE: CHARITABLE CONTRIBUTIONS | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |