Amherst Chamber Of Commerce
- Assets
- $149.8k
- Revenue
- $317.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Amherst, MA
- Founding
- 11/1988
- Data as of
- 12/2023
- EIN
- 04-2388764
Organization Overview
Amherst Chamber Of Commerce is located in Amherst, MA. The organization was established in 1988. 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, Amherst Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amherst 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, Amherst Chamber Of Commerce generated $317.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $308.7k during the year ending 12/2023. While expenses have increased by 3.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATIONAL, CIVIC, SOCIAL, COMMERCIAL, AGRICULTURAL AND ECONOMIC WELFARE OF THE PEOPLE OF AMHERST, MASSACHUSETTS & VICINITY; TO PRESERVE AND DISTRIBUTE CIVIC EDUCATIONAL INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR OVER SIX DECADES, OUR CHAMBER HAS BEEN CONNECTING BUSINESSES AND NON-PROFITS TO RESOURCES, PROVIDING NETWORKING, EDUCATION, SUPPORT, ADVOCACY, VISIBILITY, AND MARKETING. WITH 376 MEMBERS, 11,000+ CONTACTS, AND A VERY ACTIVE WEB AND SOCIAL MEDIA PRESENCE, WE TAKE EVERY OPPORTUNITY TO CONNECT, HIGHLIGHT, AND FEATURE THE WORK OF OUR MEMBERS. IN 2023, OUR EXECUTIVE DIRECTOR, CLAUDIA PAZMANY WAS CELEBRATED AS A 2023 BUSINESSWEST DIFFERENCE MAKER, ALONG WITH THE AMHERST BUSINESS IMPROVEMENT DISTRICT FOR THEIR "UNPRECEDENTED PARTNERSHIP AND LEADERSHIP TO BUILD A STRONGER COMMUNITY THROUGHOUT COVID. OUR GIFT CARD PROGRAM HAS BROUGHT OVER $110,000 TO PARTICIPATING MEMBERS, REINFORCING OUR SUPPORT SMALL BUSINESS AND 'SUPPORT LOCAL' INITIATIVES. WE LEVERAGED $13,000 IN SUPPORT OF OUR LOCAL NONPROFITS THROUGH EITHER DIRECT CONTRIBUTIONS OR MONIES RAISED AT OUR EVENTS; THIS INCLUDES FOUR $1000 SCHOLARSHIPS TO OUR AMHERST AREA PUBLIC SCHOOL GRADUATES FOR FOUR GRADUATES ATTENDING COLLEGES IN MASSACHUSETTS GOING ON TO STUDY IN MEDICAL OR BUSINESS RELATED FIELDS, CO-SPONSORED BY COOLEY DICKINSON HOSPITAL. WE CONTINUE TO OFFER MYRIAD CHAMBER RESOURCES, HANDS-ON BUSINESS SUPPORT, AND COACHING.BY JOINING OUR AMHERST AREA CHAMBER, MEMBERS BENEFIT FROM OUR ADVOCACY, CONNECTION, AND CATALYST FOR BUSINESS AND ECONOMIC DEVELOPMENT. OUR GOAL IS TO MAKE SURE OUR BUSINESS NOT ONLY SURVIVES BUT BUILDS RESILIENCE FOR THE FUTURE AND HERE ARE SOME OF THE WAYS WE ACCOMPLISH THAT: MEMBERSHIP DIRECTORY LISTING THAT BROADENS YOUR CUSTOMER BASE; MARKETING & PROMOTIONAL OPPORTUNITIES (TRADITIONAL AND DIGITAL); MEMBERSHIP VOICE IN MA GOVERNMENT POLICY; BUSINESS NETWORKING & REFERRAL, PLUS EXCLUSIVE SPONSORSHIP OPPORTUNITIES; MEMBER-TO-MEMBER BUYING POWER; EQUITY & INCLUSION TASK FORCE RESOURCES; RIBBON CUTTINGS AND GRAND OPENINGS TO SUPPORT YOUR NEW ENDEAVORS; SMALL BUSINESS ASSISTANCE & COACHING; TRAVEL & TOURISM RESOURCES AND REGIONAL BRAND EXPOSURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Pazmany Executive Director | Officer | 40 | $61,154 |
Michael Gay President | OfficerTrustee | 2 | $0 |
Heidi Flanders Vice President | OfficerTrustee | 2 | $0 |
Robin Brown Treasurer | OfficerTrustee | 2 | $0 |
Maura Guzik Secretary | OfficerTrustee | 2 | $0 |
Sarah Barr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $124,229 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,929 |
| Total Program Service Revenue | $175,975 |
| Investment income | $778 |
| 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 | $317,029 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,616 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,154 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,174 |
| Pension plan accruals and contributions | $141 |
| Other employee benefits | $0 |
| Payroll taxes | $11,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,890 |
| Advertising and promotion | $5,335 |
| Office expenses | $26,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,096 |
| Travel | $2,858 |
| 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 | $0 |
| Insurance | $7,618 |
| All other expenses | $0 |
| Total functional expenses | $308,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,622 |
| Savings and temporary cash investments | $30,778 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,368 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,768 |
| Accounts payable and accrued expenses | $18,294 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $48,624 |
| Total liabilities | $66,918 |
| 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 | $82,850 |
| Total liabilities and net assets/fund balances | $149,768 |