The Midstate Chamber Of Commerce
- Assets
- $96.4k
- Revenue
- $321.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Meriden, CT
- Founding
- 11/1943
- Data as of
- 09/2022
- EIN
- 06-0449758
Organization Overview
The Midstate Chamber Of Commerce is located in Meriden, 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 09/2022, Midstate Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midstate 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 09/2022, Midstate Chamber Of Commerce generated $321.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $322.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 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
SERVING BUSINESS AND THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE FOR OVER 452 MEMBERS, FREE OR LOW-COST PARTICIPATION FOR MEMBERS AT EVENTS
MEMBERSHIP DIRECTORY - PUBLISHED AND AVAILABLE AT NO COST TO MEMBERS AND NON-MEMBERS
EDUCATION AWARDS TO LOCAL HIGH SCHOOL SENIORS, COLLEGE AND GRADUATE STUDENTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosanne Ford Pres | OfficerTrustee | 40 | $90,308 |
Adriana Rodriguez Vice Chair | OfficerTrustee | 1 | $0 |
Ralph Mesite Chair | OfficerTrustee | 1 | $0 |
Carol Conant Secretary | OfficerTrustee | 2 | $0 |
Ed Hogan Treasurer | OfficerTrustee | 1 | $0 |
Daniel Quesnel Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $151,162 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,162 |
| Total Program Service Revenue | $160,214 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,376 |
| 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. | $90,308 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,518 |
| Pension plan accruals and contributions | $3,723 |
| Other employee benefits | $0 |
| Payroll taxes | $13,041 |
| 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 | $1,740 |
| Office expenses | $4,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,250 |
| Travel | $760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $591 |
| Insurance | $2,980 |
| All other expenses | $0 |
| Total functional expenses | $322,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,812 |
| Savings and temporary cash investments | $60,670 |
| 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 | $955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,437 |
| Accounts payable and accrued expenses | $5,754 |
| 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 | $5,754 |
| Net assets without donor restrictions | $0 |
| 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 | $90,683 |
| Total liabilities and net assets/fund balances | $96,437 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Midstate Chamber Of Commerce has recieved totaling $525.
| Awarding Organization | Amount |
|---|---|
Wadsworth Family Foundation Wallingford, CT PURPOSE: DONATION | $525 |
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 |