Chamber Of Commerce Of The Borough Of Queens Inc

Organization Overview

Chamber Of Commerce Of The Borough Of Queens Inc, operating under the name Queens Chamber Of Commerce, is located in Jackson Heights, NY. 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 12/2022, Queens Chamber Of Commerce employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queens 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 12/2022, Queens Chamber Of Commerce generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 15.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE BUSINESS IN THE BOROUGH OF QUEENS, CITY OF NEW YORK, AND TO PROVIDE MEMBERS WITH THE OPPORTUNITY TO EXPAND THEIR BUSINESSES AND ENHANCE THE OVERALL BUSINESS ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FOSTER CONNECTIONS, EDUCATE FOR SUCCESS, DEVELOP AND IMPLEMENT PROGRAMS, AND ADVOCATE FOR BUSINESSES IN THE BOROUGH OF QUEENS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$534,182
Fundraising events$0
Related organizations$0
Government grants $2,221,415
All other contributions, gifts, grants, and similar amounts not included above$2,550
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,758,147
Total Program Service Revenue$0
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 $273,007
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,091,968

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