Greater Lowell Chamber Of Commerce Inc

Organization Overview

Greater Lowell Chamber Of Commerce Inc is located in Lowell, MA. The organization was established in 1996. 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 06/2022, Greater Lowell Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lowell 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 06/2022, Greater Lowell Chamber Of Commerce Inc generated $348.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $343.4k during the year ending 06/2022. While expenses have increased by 2.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING AND SHAPING THE FUTURE GROWTH OF GREATER LOWELL'S AREA BUSINESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION OF GREATER LOWELL BUSINESSES


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Board, Officers & Key Employees

Name (title)Compensation
Danielle Mcfadden
President
$111,116
Kristen Laurin
Vice Chairwo
$0
Patty Coffey
Director
$0
Max Ward
Director
$0
Ray Wrobel
Director
$0
Roberta Barnes
Chairwoman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $48,000
All other contributions, gifts, grants, and similar amounts not included above$30,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$78,000
Total Program Service Revenue$182,333
Investment income $51
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $85,067
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $348,614

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