Ocean Grove Area Chamber Of Commerce is located in Ocean Grove, NJ. The organization was established in 1988. 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. Ocean Grove Area Chamber Of Commerce is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Ocean Grove Area Chamber Of Commerce generated $85.4k 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 (7.0%) each year. All expenses for the organization totaled $108.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2021
Describe the Organization's Program Activity:
Part 3
THE CHAMBER HAD 90 BUSINESS DUES PAYING MEMBERS. THE CHAMBER HELD 6 FEE GENERATING EVENTS PLUS SEVERAL OTHERS TO PORMOTE THE AREA WITH OVER 800 PARTICIPANTS. THEY ALSO SUPPORTED OTHER ORGANIZATIONS AND EVENTS IN THE TOWN FOR COMMUNITY WELL BEING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jessica Thompson Executive Dir. | 35 | $51,928 | |
Rebecca Cavanaugh Pas Exec Direc | 35 | $0 | |
Laura Checki President | 5 | $0 | |
Valerie Green Vice President | 5 | $0 | |
Carol Bernard Rec Secretary | 5 | $0 | |
Linda Dousis Treasurer | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $31,273 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $90 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $54,025 |
Other Revenue | $0 |
Total Revenue | $85,388 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $56,528 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $1,808 |
Other expenses | $49,845 |
Total expenses | $108,181 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $49,400 |
Other assets | $0 |
Total assets | $57,179 |
Total liabilities | $52,301 |
Net assets or fund balances | $4,878 |
Organization Name | Assets | Revenue |
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Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
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Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Workers Compensation Security Fund Basking Ridge, NJ | $229,766,675 | $28,644,741 |