Somerset Chamber Of Commerce
- Assets
- $151.9k
- Revenue
- $308.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Somerset, PA
- Founding
- 11/1946
- Data as of
- 12/2021
- EIN
- 25-0912765
Organization Overview
Somerset Chamber Of Commerce is located in Somerset, PA. The organization was established in 1946. 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 12/2021, Somerset Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset 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 12/2021, Somerset Chamber Of Commerce generated $308.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $316.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOMERSET COUNTY CHAMBER OF COMMERCE IS A NON-PROFIT CORPORATION DEDICATED TO PROMOTING THE SOMERSET COUNTY, PENNSYLVANIA REGION AS A SUPERIOR LOCALE IN WHICH TO LIVE, WORK, VACATION AND CONDUCT BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOMERSET COUNTY CHAMBER OF COMMERCE IS A NON-PROFIT CORPORATION DEDICATED TO PROMOTING THE SOMERSET COUNTY, PENNSYLVANIA REGION AS A SUPERIOR LOCALE IN WHICH TO LIVE, WORK, VACATION AND CONDUCT BUSINESS.
THE SOMERSET COUNTY CHAMBER OF COMMERCE IS A NON-PROFIT CORPORATION DEDICATED TO PROMOTING THE SOMERSET COUNTY, PENNSYLVANIA REGION AS A SUPERIOR LOCALE IN WHICH TO LIVE, WORK, VACATION AND CONDUCT BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Robbins Past Preside | OfficerTrustee | $0 | |
Ron Aldom Executive Di | Officer | $0 | |
Dennis Hutchison Treasurer | Officer | $0 | |
David Yahner Secretary | Officer | $0 | |
Lisa Bittner President | Officer | $0 | |
Dr Steve Nunez Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $122,713 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,918 |
| Total Program Service Revenue | $86,217 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,753 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,574 |
| 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 | $35,009 |
| Compensation of current officers, directors, key employees. | $71,216 |
| Compensation of current officers, directors, key employees. | $7,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,079 |
| Pension plan accruals and contributions | $3,725 |
| Other employee benefits | $21,086 |
| Payroll taxes | $14,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,097 |
| Office expenses | $9,995 |
| Information technology | $4,318 |
| Royalties | $0 |
| Occupancy | $11,450 |
| Travel | $2,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $169 |
| Interest | $4,087 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,684 |
| Insurance | $3,199 |
| All other expenses | $802 |
| Total functional expenses | $316,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,036 |
| Savings and temporary cash investments | $13,593 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $68,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,915 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $77,817 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,817 |
| Net assets without donor restrictions | $74,098 |
| Net assets with donor restrictions | $0 |
| 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 | $151,915 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somerset Chamber Of Commerce has recieved totaling $5,025.
| Awarding Organization | Amount |
|---|---|
Laurel Highlands Ligonier, PA PURPOSE: MARKETING/OPERATING/CAPITAL | $5,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
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 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
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 |