Ocean Grove Area Chamber Of Commerce
- Assets
- $50.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ocean Grove, NJ
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 22-2761536
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 12/2023, Ocean Grove Area Chamber Of Commerce generated $127.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $126.9k during the year ending 12/2023. While expenses have increased by 0.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Thompson Executive Dir. | 35 | $56,749 | |
Rebecca Cavanaugh Pas Exec Direc | 35 | $0 | |
Laura Checki President | 5 | $0 | |
Valerie Green Vice President | 5 | $0 | |
Linda Dousis Treasurer | 5 | $0 | |
Carol Bernard Rec Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,607 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $120,619 |
| Other Revenue | $1,500 |
| Total Revenue | $127,738 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,406 |
| Professional fees and other payments to independent contractors | $2,859 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,836 |
| Other expenses | $52,796 |
| Total expenses | $126,897 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,913 |
| Other assets | $0 |
| Total assets | $50,867 |
| Total liabilities | $24,528 |
| Net assets or fund balances | $26,339 |