Middlesex County Chamber Of Commerce Inc
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Middletown, CT
- Founding
- 11/1944
- Data as of
- 06/2023
- EIN
- 06-0452410
Organization Overview
Middlesex County Chamber Of Commerce Inc is located in Middletown, CT. The organization was established in 1944. 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 06/2023, Middlesex County Chamber Of Commerce Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlesex County 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 06/2023, Middlesex County Chamber Of Commerce Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 0.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR THE ENHANCEMENT OF BUSINESS RELATIONSHIPS IN MIDDLESEX COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAKFASTS - SPONSORED 12 MONTHLY BREAKFAST FUNCTIONS WITH LOCAL AND NATIONAL SPEAKERS FOR MEMBERS AND NONMEMBERS OF MIDDLESEX COUNTY, TO PROVIDE A NETWORKING ENVIRONMENT FOR BUSINESSES WITHIN MIDDLESEX COUNTY TO PROMOTE AND IMPROVE BUSINESS CONDITIONS AND COMMUNITY DEVELOPMENT.
ANNUAL DINNER-TO PROVIDE MEMBERS AND NONMEMBERS THE OPPORTUNITY TO NETWORK IN A RELAXED ATMOSPHERE TO CONDUCT BUSINESS OF THE CHAMBER WITH THE ULTIMATE GOAL OF PROMOTING AND IMPROVING AREA BUSINESS CONDITIONS AND COMMUNITY DEVELOPMENT WITHIN MIDDLESEX COUNTY. RECOGNITION IS GIVEN TO VOLUNTEERS, CHANGE OF OFFICERS TAKES PLACE, SCHOLARSHIPS ARE AWARDED, AND A DISTINGUISHED CITIZEN AWARD IS GIVEN TO AN INDIVIDUAL WHO IS CHOSEN BY THE COMMUNITY. JOB FAIR, REAL ESTATE COUNCIL, HOLIDAY AND SPECIAL EVENTS, TV VIDEO OF SEMINARS/TRAINING, BUSINESS RETENTION, SPECIAL EVENTS, SPECIAL PROJECTS AND MEETINGS ARE ALSO ACCOMPLISHMENTS OF THE CHAMBER.WEBSITE ADVERTISING-MEMBERS MAY PURCHASE ADVERTISING SPACE ON THE CHAMBER WEBSITE. THIS IS A GREAT OPPORTUNITY TO BE SEEN BY MEMBERS AND THE GENERAL PUBLIC. ADS ON THE HOME PAGE ARE DISPLAYED OVER 50,000 TIMES EACH YEAR.
WORKSHOP SERIES OF SEMINARS- PROVIDED A SERIES OF SEMINARS FOR MEMBERS AND NONMEMBERS TO PARTICIPATE AND STAY CURRENT WITH THE LATEST TOPICS SURROUNDING THE BEST PRACTICES FOR DEALING WITH EMPLOYEE TRAINING, HIRING PRACTICES, DEALING WITH THE PANDEMIC, COMMUNICATION SKILLS AND HIRING PRACTICES. THESE SEMINARS WERE CONDUCTED VIRTUALLY DUE TO THE PANDEMIC AND THOSE CONDUCTING THE SEMINARS WERE CONSIDERED EXPERTS IN THEIR FIELDS.
GOLF TOURNAMENT - TO PROVIDE MEMBERS AND NONMEMBERS ON A FIRST COME FIRST SERVE BASIS THE OPPORTUNITY TO NETWORK IN A RELAXED SOCIAL ATMOSPHERE WITH THE ULTIMATE GOAL OF PROMOTING AND IMPROVING AREA BUSINESS CONDITIONS AND COMMUNITY DEVELOPMENT WITHIN MIDDLESEX COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Westbrook Director | Trustee | 1 | $0 |
Kelly Wade Bettuchi Director | Trustee | 1 | $0 |
Paul Truglio Director | Trustee | 1 | $0 |
Kelly Therrien Director | Trustee | 1 | $0 |
Barbara Taylor-Hatje Director | Trustee | 1 | $0 |
Andrew Tanaka Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $447,246 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $633,031 |
| Total Program Service Revenue | $890,991 |
| Investment income | $170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$83,005 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,490,097 |
| 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. | $239,106 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,642 |
| Pension plan accruals and contributions | $8,523 |
| Other employee benefits | $32,046 |
| Payroll taxes | $70,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,257 |
| Advertising and promotion | $769 |
| Office expenses | $220,266 |
| Information technology | $17,835 |
| Royalties | $0 |
| Occupancy | $63,350 |
| 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 | $16,192 |
| Insurance | $13,652 |
| All other expenses | $194,219 |
| Total functional expenses | $1,444,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $947,024 |
| Savings and temporary cash investments | $308,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,771 |
| 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 | $7,359 |
| Net Land, buildings, and equipment | $192,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,862 |
| Total assets | $1,720,262 |
| Accounts payable and accrued expenses | $209,118 |
| Grants payable | $0 |
| Deferred revenue | $56,000 |
| 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 | $166,862 |
| Total liabilities | $431,980 |
| Net assets without donor restrictions | $1,134,689 |
| Net assets with donor restrictions | $153,593 |
| 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 | $1,720,262 |