Chamber Of Commerce Of Eastern Connecticut Foundation Inc
- Assets
- $247.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waterford, CT
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 06-1419657
Organization Overview
Chamber Of Commerce Of Eastern Connecticut Foundation Inc is located in Waterford, CT. The organization was established in 1995. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of Eastern Connecticut Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Chamber Of Commerce Of Eastern Connecticut Foundation Inc generated $106.2k 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 (3.8%) each year. All expenses for the organization totaled $124.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lou Ziegler Chairman | 1 | $0 | |
Holly Deperry Board Member | 1 | $0 | |
Karen Roman Board Member | 1 | $0 | |
Mark Woods Board Member | 1 | $0 | |
Mary Brown Board Member | 1 | $0 | |
Marybeth Calasant Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,557 |
| Total Program Service Revenue | $76,954 |
| Membership dues | $0 |
| Investment income | $1,669 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,180 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,567 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $113 |
| Other expenses | $119,276 |
| Total expenses | $123,956 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $228,712 |
| Other assets | $0 |
| Total assets | $247,712 |
| Total liabilities | $1,962 |
| Net assets or fund balances | $245,750 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chamber Of Commerce Of Eastern Connecticut Foundation Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: LEADERSHIP EASTERN CT COMMUNITY SERVICE PROJECT | $1,500 |
Eversource Energy Foundation Inc Hartford, CT PURPOSE: SUPPORT FOR THE EVERY MONTH IS A HOLIDAY PROGRAM | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Minority Supplier Development Council Inc New York, NY | $14,151,024 | $19,123,388 |
All Stars Project Inc New York, NY | $22,721,562 | $11,310,796 |
The Hyams Foundation Inc Boston, MA | $163,844,341 | $20,347,329 |
Neighborhood Trust Financial Partners Inc New York, NY | $10,875,094 | $7,150,796 |
African Services Committee Inc New York, NY | $2,169,110 | $5,702,295 |
Urban Arts Partnership New York, NY | $4,790,105 | $5,921,037 |
Artpark & Company Inc Lewiston, NY | $3,327,523 | $5,321,157 |
Education Through Music Inc New York, NY | $3,082,173 | $4,504,496 |
Ridgefield Playhouse For Movies And The Performing Arts Inc Ridgefield, CT | $15,840,106 | $10,052,125 |
City Access New York Staten Island, NY | $3,686,366 | $4,897,308 |
Partnership Inc Boston, MA | $5,653,072 | $4,577,511 |
Multicultural Aids Coalition Inc Roxbury, MA | $1,116,469 | $3,034,089 |