Essex Merchants Group
- Assets
- $25.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Essex, MA
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 37-1572828
Organization Overview
Essex Merchants Group is located in Essex, MA. The organization was established in 2015. 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. Essex Merchants Group 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 12/2020, Essex Merchants Group generated $32.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $20.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
PROMOTION OF BUSINESS IN THE TOWN OF ESSEX MASSACHUSETTS: TO PROMOTE ESSEX AS A DESTINATION FOR SHOPPING, DINING, RECREATION AND APPRECIATION OF ITS EXTENSIVE HISTORY, NATURAL BEAUTY AND OPEN SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Roy President | 20 | $0 | |
Thomas Riordan Treasurer | 8 | $0 | |
Gayle Mckinley Vice President | 1 | $0 | |
Heidi Jackson Dean Secretary | 1 | $0 | |
Sue Lufkin Director | 1 | $0 | |
Georgeanne Richards Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,019 |
| Total Program Service Revenue | $3,950 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $622 |
| Other Revenue | $0 |
| Total Revenue | $32,591 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,235 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,096 |
| Total expenses | $20,331 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,717 |
| Other assets | $0 |
| Total assets | $25,717 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,717 |