Hartford Chamber Of Commerce Inc
- Assets
- $538.5k
- Revenue
- $517.1k
- Investments
- $0.0
- Employees
- 29
- Location
- Hartford, CT
- Founding
- 12/1943
- Data as of
- 12/2021
- EIN
- 06-0383300
Organization Overview
Hartford Chamber Of Commerce Inc is located in Hartford, CT. The organization was established in 1943. 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 12/2021, Hartford Chamber Of Commerce Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford 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 12/2021, Hartford Chamber Of Commerce Inc generated $517.1k 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 (3.4%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COMPETE AGGRESSIVELY AND SUCCESSFULLY FOR JOBS, TALENT AND CAPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS COMMUNITY AGENDA:WORK WITH STATE LEGISLATION LEADERS TO PROMOTE BUSINESS COMMUNITY AGENDA.
MARKET THE REGION:CONDUCT SEMINARS AND EVENTS TO SUPPORT EXISTING BUSINESSES AND BUSINESS EXPANSION.
ECONOMIC DEVELOPMENT:WORK WITH NEIGHBORHOOD GROUPS TO FOSTER ECONOMIC DEVELOPMENT IN THE CITY OF HARTFORD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Griggs President & CEO | Officer | 1 | $327,334 |
Eugene Goddard Chief Business Investment | 1 | $197,247 | |
Susan Winkler Vice President | 1 | $153,687 | |
Kate Baumann Chief Investor Relations O | 1 | $132,078 | |
Julie Daly Meehan Chief Operating Officer | Officer | 1 | $108,303 |
Julio Concepcion Executive Director | Officer | 40 | $103,198 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,160 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $488,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,049 |
| Total Program Service Revenue | $4,800 |
| Investment income | $245 |
| 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 | $517,094 |
| 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. | $1,263,088 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $837,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $250,112 |
| Payroll taxes | $136,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $4,432 |
| All other expenses | $14,406 |
| Total functional expenses | $2,506,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,102 |
| 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 | $130,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $538,513 |
| Accounts payable and accrued expenses | $91,763 |
| 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 | $4,381,561 |
| Total liabilities | $4,473,324 |
| Net assets without donor restrictions | -$4,140,400 |
| Net assets with donor restrictions | $205,589 |
| 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 | $538,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Rockland Paradmedic Services Inc Chestnut Ridge, NY | $9,826,544 | $8,654,302 |