Huntington Township Chamber Of Commerce Inc
- Assets
- $1.2m
- Revenue
- $470.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Huntington, NY
- Founding
- 06/1932
- Data as of
- 05/2024
- EIN
- 11-0899730
Organization Overview
Huntington Township Chamber Of Commerce Inc is located in Huntington, NY. The organization was established in 1932. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2024, Huntington Township Chamber Of Commerce Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntington Township 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 05/2024, Huntington Township Chamber Of Commerce Inc generated $470.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $554.9k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENHANCE ECONOMIC DEVELOPMENT, STIMULATE JOB CREATION AND RETENTION AND STRENGTHEN OVERALL BUSINESS VITALITY OF THE REGION THROUGH ADVOCACY, PUBLIC POLICY, EDUCATION, AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUNTINGTON TOWNSHIP CHAMBER OF COMMERCE REPRESENTS THE INTERESTS OF BUSINESS, INDUSTRY, FINANCIAL SERVICE, NOT-FOR-PROFIT AND OTHER PROFESSIONALS WITHIN THE GREATER HUNTINGTON AREA. ITS MISSION IS THE PROMOTION OF BUSINESS, ECONOMIC DEVELOPMENT AND JOB CREATION THROUGH THE COORDINATED EFFORT OF ITS MEMBERSHIP. THE CHAMBER IS DEDICATED TO SERVING THE NEEDS OF ITS MEMBERS THROUGH GOVERNMENT ADVOCACY, NETWORKING, COMMUNITY DEVELOPMENT AND EDUCATION. IN FULFILLMENT OF ITS SERVICE AND COMMUNITY GOALS, THE CHAMBER DEVELOPS PUBLIC POLICY POSITIONS; PROVIDES NETWORKING OPPORTUNITIES TO CREATE A STRONGER BUSINESS ENVIRONMENT; COLLECTS AND ANALYZES DATA FOR DISSEMINATION OF VITAL INFORMATION AND PROMOTES ECONOMIC DEVELOPMENT, JOB GROWTH, EDUCATION AND AN ENHANCED QUALITY OF LIFE FOR ALL LONG ISLANDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Bontempi Vice Chairman | OfficerTrustee | 2 | $0 |
Andrea Bonilla Director | Trustee | 2 | $0 |
Brian Yudewitz Vice Chairman | OfficerTrustee | 2 | $0 |
Jennifer Cassidy Chair | OfficerTrustee | 2 | $0 |
Thomas D Glascock Director | Trustee | 2 | $0 |
Joe Volavka Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,046 |
| Total Program Service Revenue | $334,956 |
| Investment income | $22,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,950 |
| 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 | $470,470 |
| 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. | $70,690 |
| Compensation of current officers, directors, key employees. | $7,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,850 |
| Pension plan accruals and contributions | $3,557 |
| Other employee benefits | $31,450 |
| Payroll taxes | $14,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,403 |
| Fees for services: Accounting | $56,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,553 |
| Advertising and promotion | $33,321 |
| Office expenses | $1,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,099 |
| Travel | $151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,712 |
| Insurance | $34,199 |
| All other expenses | $35,700 |
| Total functional expenses | $554,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,178 |
| Savings and temporary cash investments | $57,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,531 |
| 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 | $497,326 |
| Investments—publicly traded securities | $526,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,059 |
| Total assets | $1,221,471 |
| Accounts payable and accrued expenses | $16,368 |
| Grants payable | $0 |
| Deferred revenue | $48,802 |
| 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 | $3,350 |
| Total liabilities | $68,520 |
| Net assets without donor restrictions | $1,152,951 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,221,471 |