Morris County Chamber Of Commerce

Organization Overview

Morris County Chamber Of Commerce is located in Florham Park, NJ. The organization was established in 1957. 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 12/2022, Morris County Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris County 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, Morris County Chamber Of Commerce generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. 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

BUSINESS MEMBERSHIP ORGANIZATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAMBER OF COMMERCE IS A MEMBERSHIP ORGANIZATION THAT RUNS PROGRAMS, MEETINGS, CONVENTIONS, AND OTHER ACTIVITIES REGARDING VARIOUS ASPECTS OF BUSINESS ACTIVITY IN MORRIS COUNTY FOR ITS MEMBERS. ALL MEETINGS CONVENTIONS AND FUNCTIONS ARE SUPPORTED BY DUES AND INVESTMENT INCOME TO PROMOTE MEMBERSIPS AND BUSINESS ACTIVITY IN MORRIS COUNTY BY ACCESSING MEMBERS TO EACH OUTHER AND TO THE GENERAL PUBLIC. BALANCE OF THE FUNDS ARE FOR ADMINISTRATIVE COSTS TO MAINTAIN CHAMBER OF COMMERCE FACILITIES AND SUPPORTING STAFF. OTHER REVENUE PROJECTS ARE UTILIZED TO ABSORB THE COST OF FULL TIME STAFF NOT OTHERWISE FUNDED.


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Board, Officers & Key Employees

Name (title)Compensation
Meghan Hunscher
President &
$217,835
Marcus Banks
Member
$0
Jawad Chaudhry
Member
$0
Deirdre R Wheatley - Liss ESQ
1st Vice Cha
$0
Bob Flynn
Member
$0
Casey Gocel
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$613,048
Fundraising events$0
Related organizations$0
Government grants $187,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$800,048
Total Program Service Revenue$1,043,638
Investment income $21,980
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $2,020,429

Peer Organizations

Organization NameAssets
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce
Philadelphia, PA
$18,769,517
Real Estate Board Of New York Inc
New York, NY
$17,246,867
United States Council For International Business
New York, NY
$13,401,864
The Chamber Of Commerce For Greater Philadelphia
Philadelphia, PA
$11,743,354
New Jersey Association Of Realtors
Trenton, NJ
$10,529,877
Long Island Board Of Realtors Inc
West Babylon, NY
$8,881,368
German American Chamber Of Commerce Inc
New York, NY
$7,301,963
Lake Placid Chamber Of Commerce Inc
Lake Placid, NY
$7,661,865
World Trade Centers Association Inc
New York, NY
$6,402,722
Independent Drivers Guild Inc
Long Island City, NY
$8,769,432
Greater Lehigh Valley Chamber Of Commerce
Easton, PA
$4,922,327
Buffalo Niagara Convention & Vistors Bureau Inc
Buffalo, NY
$4,659,388
Building Contractors Association Inc
New York, NY
$4,780,130
Lehigh Valley Convention And Visitors Bureau Inc
Easton, PA
$4,777,800
Delaware Compensation Rating Bureau
Philadelphia, PA
$4,160,717
York County Convention & Visitors Bureau Inc
York, PA
$4,351,280
Utility And Transportation Contract Ors Association Of New Jersey Inc
Allenwood, NJ
$3,414,598
Discover Long Island Inc
Hauppauge, NY
$3,530,042
Scranton Chamber Of Commerce
Scranton, PA
$2,878,882
Pennsylvania Stands Up Inc
Lancaster, PA
$1,739,850
Emta Inc
New York, NY
$2,975,712
New Jersey Apartment Association Inc
Trenton, NJ
$3,061,465
Tompkins County Chamber Of Commerce Inc
Ithaca, NY
$2,600,317
County Chamber Of Commerce Inc
Rye Brook, NY
$2,823,215
Plattsburgh-North Country Chamber Of Commerce Inc
Plattsburgh, NY
$2,527,679

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