Greater Chicopee Chamber Of Commerce
- Assets
- $206.2k
- Revenue
- $231.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicopee, MA
- Founding
- 09/1971
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Greater Chicopee Chamber Of Commerce generated $231.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $201.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Greater Chicopee Chamber Of Commerce has awarded 11 individual grants totaling $108,477. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Ben Garvey Director | Trustee | 2 | $0 |
Mim Zayas Former Chair | OfficerTrustee | 2 | $0 |
Todd Mcdonald Director | Trustee | 2 | $0 |
Stephen Huntley Treasurer | OfficerTrustee | 2 | $0 |
A J Crane Chair | OfficerTrustee | 2 | $0 |
Daryl Grabowski Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,226 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,926 |
| Total Program Service Revenue | $102,492 |
| Investment income | $4,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,034 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,834 |
| Compensation of current officers, directors, key employees. | $23,176 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,571 |
| Payroll taxes | $6,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $806 |
| Advertising and promotion | $3,232 |
| Office expenses | $8,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,060 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $816 |
| Insurance | $2,095 |
| All other expenses | $76,793 |
| Total functional expenses | $201,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,418 |
| Savings and temporary cash investments | $154,505 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,935 |
| 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 | $1,248 |
| Net Land, buildings, and equipment | $4,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,197 |
| Other assets | $0 |
| Total assets | $206,187 |
| Accounts payable and accrued expenses | $4,026 |
| Grants payable | $0 |
| Deferred revenue | $18,318 |
| 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 | $22,344 |
| Net assets without donor restrictions | $173,198 |
| Net assets with donor restrictions | $10,645 |
| 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 | $206,187 |
Grants Awarded
Over the last fiscal year, Greater Chicopee Chamber Of Commerce has awarded $70,727 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BEAUTY BATLLES LOUNGE INC | | | $15,000 |
KUSHMEN'S GALLERY | | | $7,000 |
EILEEN CAK SUPPLIES AND MORE | | | $7,000 |
GRANFIELD BUGBEE & MASSE INSURANCE AGENCY | | | $8,000 |
LIDS LIVE WELL | | | $14,727 |
POLGOLD JEWELERS LLC | | | $10,000 |