New Milford Chamber Of Commerce

Organization Overview

New Milford Chamber Of Commerce is located in New Milford, CT. The organization was established in 1990. 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. New Milford 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 12/2021, New Milford Chamber Of Commerce generated $63.6k 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 (12.9%) each year. All expenses for the organization totaled $43.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE LOCAL BUSINESS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES DIRECTION AND ASSISTANCE IN RUNNING COMMUNITY EVENTS AND ACTIVITIES WHICH PROMOTE THE INTERESTS OF LOCAL BUSINESSES AND RESIDENTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$40,445
Fundraising events$0
Related organizations$0
Government grants $16,954
All other contributions, gifts, grants, and similar amounts not included above$4,905
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$62,304
Total Program Service Revenue$0
Investment income $858
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $435
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $63,597

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