The Hyannis Area Chamber Of Commerce Inc

Organization Overview

The Hyannis Area Chamber Of Commerce Inc is located in Hyannis, MA. The organization was established in 1982. 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 12/2022, Hyannis Area Chamber Of Commerce Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyannis Area Chamber Of Commerce Inc 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 12/2022, Hyannis Area Chamber Of Commerce Inc generated $235.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $312.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE HYANNIS AREA CHAMBER OF COMMERCE IS TO BE THE PREMIER FORCE IN FOSTERING, ENHANCING, AND PROMOTING A HEALTHY BUSINESS CLIMATE IN THE GREATER HYANNIS AREA AND THE TOWN OF BARNSTABLE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HYANNIS AREA CHAMBER OF COMMERCE CONTINUED TO BUILD A PROGRESSIVE, VIBRANT BUSINESS CLIMATE FOR ITS MEMBERS AND THE COMMUNITY. THE CHAMBER'S PROGRAMS NOT ONLY BENEFITED ITS MEMBERS, BUT ALSO THE TOWN OF BARNSTABLE AND THE LOCAL ECONONMY. THE CHAMBER HOLDS MANY EVENTS DURING THE YEAR SUCH AS THE FATHERS DAY CAR SHOW, ANNUAL MEETING, A GOLF TOURNMENT, VINTAGE MOTORCYCLE SHOW, ALONG WITH MONTHLY NETWORKIG EVENTS, WHICH ALL HELPED TO PROMOTE A SPIRIT OF GOODWILL AND SENSE OF COMMUNITY AMONG THE MEMBERS.


THE HYANNIS AREA CHAMBER OF COMMERCE CONTINUED TO BUILD A PROGRESSIVE, VIBRANT BUSINESS CLIMATE FOR ITS MEMBERS AND THE COMMUNITY. THE CHAMBER'S PROGRAMS NOT ONLY BENEFITED ITS MEMBERS, BUT ALSO THE TOWN OF BARNSTABLE AND THE LOCAL ECONONMY. THE CHAMBER HOLDS MANY EVENTS DURING THE YEAR SUCH AS THE FATHERS DAY CAR SHOW, ANNUAL MEETING, A GOLF TOURNMENT, VINTAGE MOTORCYCLE SHOW, ALONG WITH MONTHLY NETWORKIG EVENTS, WHICH ALL HELPED TO PROMOTE A SPIRIT OF GOODWILL AND SENSE OF COMMUNITY AMONG THE MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Marty Bruemmel
Ex Officio
$74,223
Todd Deluca
President
$0
Norman Daniel Gervais
Treasurer
$0
Kathleen Jensen
Vice Preside
$0
Deana Towns Kayajan
Director
$0
Brian Morrison
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $50,793
All other contributions, gifts, grants, and similar amounts not included above$11,155
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$61,948
Total Program Service Revenue$157,090
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $16,490
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $235,528

Grants Awarded

Over the last fiscal year, The Hyannis Area Chamber Of Commerce Inc has awarded $53,521 in support to 2 organizations.

Grant RecipientAmount

CAPE COD CHAMBER OF COMMERCE

PURPOSE: MARKETING

$45,271

HYANNIS MAIN STREET BID

PURPOSE: BUSINESS DEVELOPMENT

$8,250
View Grant Profile

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