Madison Area Chamber Of Commerce
- Assets
- $39.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, NJ
- Founding
- 08/1945
- Data as of
- 06/2022
- EIN
- 22-1405789
Organization Overview
Madison Area Chamber Of Commerce is located in Madison, NJ. The organization was established in 1945. 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. Madison Area 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 06/2022, Madison Area Chamber Of Commerce generated $56.8k 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 (4.8%) each year. All expenses for the organization totaled $67.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE MADISON CHAMBER OF COMMERCE IS A VOLUNTARY NON-FOR-PROFIT ORGANIZATION OF BUSINESS AND PROFESSIONAL PEOPLE SHARING IDEAS, TALENTS AND RESOURCES TO PROMOTE THE ECONOMIC WELFARE OF OUR DUES PAYING MEMBERS AND MADISON AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Morris President | 0 | $0 | |
Peter Danielle Vice President | 0 | $0 | |
E Michael Odell Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,050 |
| Total Program Service Revenue | $0 |
| Membership dues | $32,536 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,217 |
| Other Revenue | $0 |
| Total Revenue | $56,803 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,897 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $462 |
| Other expenses | $6,606 |
| Total expenses | $67,865 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,287 |
| Other assets | $0 |
| Total assets | $39,391 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,391 |
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|---|---|---|
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Materials Research Society Warrendale, PA | $13,527,707 | $7,097,114 |