Meadowlands Chamber Of Commerce
- Assets
- $1.7m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Lyndhurst, NJ
- Founding
- 04/1959
- Data as of
- 10/2023
- EIN
- 22-1616519
Organization Overview
Meadowlands Chamber Of Commerce is located in Lyndhurst, NJ. The organization was established in 1959. 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 10/2023, Meadowlands Chamber Of Commerce employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadowlands 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 10/2023, Meadowlands Chamber Of Commerce generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.9m during the year ending 10/2023. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO FORM AN ORGANIZATION OF THE BUSINESS, PROFESSIONAL, AND MANUFACTURING CORP., PERSONS, AND ORGANIZATIONS IN THE AREA AND COMMUNITIES ENCOMPASSED BY THE HACKENSACK MEADOWLANDS DEV. COMMISSION FOR THE PURPOSE OF COMMUNITY ACTION AND ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER OF COMMERCE IS A BUSINESS SERVICE ORGANIZATION PROMOTING INNOVATIVE AND SUSTAINABLE ECONOMIC GROWTH AND EXPOSURE TO BUSINESS DEVELOPMENT OPPORTUNITIES FOR SMALL TO LARGE SIZE COMPANIES ACROSS ALL INDUSTRY SECTORS. BEYOND ITS CREATIVE SERVICES AND ADVOCACY, MEADOWLANDS REGIONAL CHAMBER ENCOMPASSES A NATIONALLY ACCREDITED CONVENTION & VISITOR'S BUREAU AND WIDELY-CIRCULATED BUSINESS PUBLICATIONS THAT WILL ADVANCE CHAMBER AND CONVENTION AND VISITOR'S BUREAU INITIATIVES.
THE MEADOWLANDS LIBERTY CONVENTION & VISITORS BUREAU UTILIZES THE LATEST TECHNOLOGY TO MARKET THE REGION TO NATIONAL AND INTERNATIONAL VISITORS THROUGH A VIRTUAL NETWORK OF WEBSITES. WHETHER BUSINESS OR LEISURE, INDIVIDUAL OR GROUP TRAVEL, OR SEEKING THE IDEAL CONVENTION OR CONFERENCE LOCATION, THE MEADOWLANDS LIBERTY CONVENTION & VISITORS BUREAU HELPS YOU DETERMINE WHERE TO MEET, STAY, EAT, AND PLAY FOR A MEMORABLE EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim White Board Member | Trustee | 0.5 | $0 |
Dan Baer Chair | OfficerTrustee | 0.5 | $0 |
Stephen Jarossy Board Member | Trustee | 0.5 | $0 |
Anthony Scardino Board Member | Trustee | 0.5 | $0 |
Peter Unanue Board Member | Trustee | 0.5 | $0 |
Aj Bassani Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $387,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,150 |
| Total Program Service Revenue | $1,294,206 |
| Investment income | $88 |
| 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 | $1,742,472 |
| 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. | $253,256 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,848 |
| Pension plan accruals and contributions | $1,522 |
| Other employee benefits | $29,956 |
| Payroll taxes | $36,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,290 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $185,025 |
| Office expenses | $57,792 |
| Information technology | $34,676 |
| Royalties | $0 |
| Occupancy | $158,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,834 |
| Interest | $15,672 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,976 |
| Insurance | $30,198 |
| All other expenses | $54,811 |
| Total functional expenses | $1,888,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,365 |
| Savings and temporary cash investments | $169,539 |
| Pledges and grants receivable | $242,063 |
| Accounts receivable, net | $210,943 |
| 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 | $48,844 |
| Net Land, buildings, and equipment | $72,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $766,127 |
| Total assets | $1,697,377 |
| Accounts payable and accrued expenses | $206,408 |
| Grants payable | $84,500 |
| Deferred revenue | $125,672 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $859,462 |
| Total liabilities | $1,425,942 |
| Net assets without donor restrictions | $256,560 |
| Net assets with donor restrictions | $14,875 |
| 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 | $1,697,377 |