Block Island Chamber Of Commerce
- Assets
- $137.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Block Island, RI
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 05-0344130
Organization Overview
Block Island Chamber Of Commerce is located in Block Island, RI. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Block Island 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 06/2022, Block Island Chamber Of Commerce generated $91.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $123.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDING INFORMATION AND REFERRAL SERVICES TO TOURISTS AND OTHER PERSONS/GROUPS INTERESTED IN BLOCK ISLAND. ALSO COOPERATING WITH OTHER TOURISM BASED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lars Trodson Executive Dir. | 40 | $50,767 | |
Ila Schulman Treasurer | 5 | $0 | |
Suzy Garneau President | 5 | $0 | |
Alton Brown Secretary | 5 | $0 | |
Elizabeth Doherty Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,960 |
| Total Program Service Revenue | $0 |
| Membership dues | $48,741 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,869 |
| Other Revenue | $8,863 |
| Total Revenue | $91,445 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $90,056 |
| Professional fees and other payments to independent contractors | $850 |
| Occupancy, rent, utilities, and maintenance | $14,449 |
| Printing, publications, postage, and shipping | $571 |
| Other expenses | $17,817 |
| Total expenses | $123,743 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,348 |
| Other assets | $0 |
| Total assets | $137,580 |
| Total liabilities | $9,497 |
| Net assets or fund balances | $128,083 |
Peer Organizations
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|---|---|---|
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
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Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |
Rhode Island Automobile Insurance Plan Johnston, RI | $25,251,183 | $13,070,810 |
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |