Greenwich Chamber Of Commerce Inc
- Assets
- $265.2k
- Revenue
- $221.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Greenwich, CT
- Founding
- 03/1928
- Data as of
- 12/2022
- EIN
- 06-0289770
Organization Overview
Greenwich Chamber Of Commerce Inc is located in Greenwich, CT. The organization was established in 1928. 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, Greenwich 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. Greenwich 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, Greenwich Chamber Of Commerce Inc generated $221.2k 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 (7.0%) each year. All expenses for the organization totaled $234.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELL-BEING OF THE BUSINESS COMMUNITY WITHIN GREENWICH WHILE MAINTAINING THE TOWN'S RESIDENTIAL INTEGRITY AND IMPROVING ITS QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS SHOWCASE: THE ANNUAL TABLETOP NETWORKING EVENT SHOWCASED 70 LOCAL EXHIBITORS INCLUDING RESTAURANTS AND OTHER BUSINESSES, WITH APPROXIMATELY 400 ATTENDEES FROM THE COMMUNITY ENJOYING FOOD SAMPLES AND INFORMATION ABOUT THE BUSINESSES.
SIDEWALK SALES: OVER 150 STORES IN THE GREENWICH DOWNTOWN AREA PARTICIPATED IN THE FOUR-DAY EVENT THAT DREW SHOPPERS FROM ALL OVER THE CONNECTICUT AND WESTCHESTER AREA AND BEYOND.
GOLF OUTING: AN EVENT FOR NEARLY 100 GOLFERS INCLUDING A DAY OF GOLF AND A DINNER. SPONSORS AND PARTICIPANTS NOT ONLY NETWORKED BUT PROMOTED THE TOWN-OWNED GRIFFITH E. HARRIS GOLF COURSE.
OTHER PROGRAMS INCLUDE: BEFORE & AFTER SIX NETWORKING EVENTS, ANNUAL AWARDS LUNCHEON, WOMEN WHO MATTER LUNCHEONS, EDUCATIONAL UPDATES, ANNUAL MEETING & BREAKFAST, PARTICIPATION IN TRI-CHAMBER EXPO. ONGOING ACTIVITIES INCLUDE ADVOCACY OF THE INTERESTS OF THE BUSINESS COMMUNITY, PUBLISHING A DIRECTORY OF MEMBERS IN PRINT AND ONLINE, ISSUING AN E-NEWSLETTER AND CONNECTING WITH THE COMMUNITY ON FACEBOOK AND LINKEDIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Okane President An | OfficerTrustee | $114,415 | |
Kendra Farn Director | Trustee | $0 | |
Nathanial Barnum Director | Trustee | $0 | |
Lori Contadino Director | Trustee | $0 | |
Bruce Mcguire Director | Trustee | $0 | |
Diane Roth Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $136,405 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,405 |
| Total Program Service Revenue | $84,710 |
| Investment income | $119 |
| 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 | $221,234 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,117 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $845 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,800 |
| 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 | $0 |
| Insurance | $7,851 |
| All other expenses | $22,856 |
| Total functional expenses | $234,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,649 |
| Savings and temporary cash investments | $204,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $265,208 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $265,208 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $265,208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |