Nutley Chamber Of Commerce
- Assets
- $43.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nutley, NJ
- Founding
- 05/1950
- Data as of
- 12/2022
- EIN
- 22-1483642
Organization Overview
Nutley Chamber Of Commerce is located in Nutley, NJ. The organization was established in 1950. 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. Nutley 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, Nutley Chamber Of Commerce generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $23.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 4 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 NUTLEY CHAMBER OF COMMERCE HAS REPRESENTED BUSINESSES, PROFESSIONALS AND CIVIC ORGANIZATIONS WITH A WIDE VARIETY OF ENTERPRISES, WORKING TOGETHER TO PROMOTE THE ECONOMIC DEVELOPMENT OF OUR TOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Graziano President | 10 | $0 | |
Andy Garruto 1st Vice President | 5 | $0 | |
Nella Cicchino 2nd Vice President | 5 | $0 | |
Helen Carroll Treasurer | 5 | $0 | |
Frank Costenbader General Counsel | 2 | $0 | |
Jim Mcguire Immediate Past President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $15,418 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,635 |
| Other Revenue | $0 |
| Total Revenue | $20,078 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,720 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $2,004 |
| Printing, publications, postage, and shipping | $6,189 |
| Other expenses | $3,656 |
| Total expenses | $23,219 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $43,428 |
| Other assets | $0 |
| Total assets | $43,428 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,428 |