Ocean Grove Area Chamber Of Commerce

Organization Overview

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.

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.


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Financial Statements

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

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