Form 990 for tax year 2022
Filed by NORTH CENTRAL MASSACHUSETTS CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $1,736,457
- Total expenses
- $1,610,763
- Contributions and grants received
- $495,452
- Grants paid
- $0
- Program service revenue
- $1,230,577
- Investment income
- $8,028
- Other revenue
- $2,400
- Total assets, end of year
- $1,302,028
- Total liabilities, end of year
- $651,996
- Net assets or fund balances, end of year
- $650,032
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$367,602
-
1e · Government grants (contributions)
$127,850
-
2a · Program service revenue: MGMT AND TOURISM FEES
total $1,058,238 · related or exempt $1,058,238
-
2b · Program service revenue: MEETINGS & FORUMS
total $153,225 · related or exempt $153,225
-
2c · Program service revenue: DIRECTORY AND NEWSLETT
total $17,545 · unrelated business $17,545
-
2d · Program service revenue: OTHER REVENUE
total $1,569 · related or exempt $1,569
-
3 · Investment income
total $8,028 · excluded $8,028
-
6a · Gross rents
real property $2,400
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $2,400
-
6d · Net rental income or loss
total $2,400 · unrelated business $2,400
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,019,134
-
9 · Other employee benefits
total $93,422
-
10 · Payroll taxes
total $87,911
-
11a · Fees: management
total $1,000
-
11c · Fees: accounting
total $10,052
-
11f · Fees: investment management
total $2,004
-
13 · Office expenses
total $27,051
-
16 · Occupancy
total $39,572
-
17 · Travel
total $16,377
-
19 · Conferences, conventions and meetings
total $71,305
-
20 · Interest
total $14,740
-
22 · Depreciation, depletion and amortization
total $20,976
-
23 · Insurance
total $4,740
-
24a · Other expenses: BUSINESS DIRECTORY AND
total $21,966
-
24b · Other expenses: PRINTING & POSTAGE
total $101,798
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $20,909
-
24d · Other expenses: GRANT EXPENSES
total $17,850
-
24e · All other expenses
total $39,956
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $508,066 · end of year $302,562
-
2 · Savings and temporary cash investments
beginning of year $100 · end of year $306,483
-
4 · Accounts receivable
beginning of year $159,258 · end of year $113,762
-
9 · Prepaid expenses and deferred charges
beginning of year $37,067 · end of year $17,199
-
10a · Land, buildings and equipment: cost or other basis
$791,770
-
10b · Land, buildings and equipment: accumulated depreciation
$320,793
-
10c · Land, buildings and equipment, net
beginning of year $491,953 · end of year $470,977
-
11 · Investments: publicly traded securities
beginning of year $85,468 · end of year $91,045
-
17 · Accounts payable and accrued expenses
beginning of year $88,757 · end of year $3,742
-
19 · Deferred revenue
beginning of year $214,547 · end of year $212,651
-
23 · Secured mortgages and notes payable
beginning of year $425,529 · end of year $405,066
-
25 · Other liabilities
beginning of year $32,673 · end of year $30,537
-
27 · Net assets without donor restrictions
beginning of year $520,406 · end of year $650,032
Mission and programs · 2022
Mission
TO FOSTER AND IMPROVE THE GENERAL ECONOMIC CONDITIONS OF THE NORTH CENTRAL MASSACUSETTS AREA THROUGH PROMOTIONAL AND EDUCATIONAL EFFORTS.
Activities or mission (Part I)
TO ADVANCE THE ECONOMIC DEVELOPMENT OF NORTH CENTRAL MASSACHUSETTS BY CREATING AND SUSTAINING RELATIONSHIPS AMONG BUSINESSES AND BETWEEN BUSINESSES AND THE COMMUNITY.
-
MEETINGSEDUCATIONAL AND NETWORKING OPPORTUNITIES TO ASSIST MEMBER COMPANIES DEVELOP THEIR BUSINESS SKILLS AND EXPAND THEIR LOCAL CONTACTS FOR VENDORS AND CUSTOMERS.
-
BUSINESS DIRECTORY AND PUBLICATIONSBOTH ONLINE AND PRINT EFFORTS INFORM MEMBERS AND THE PUBLIC OF ORGANIZATIONAL, REGULATORY, AND LOCAL BUSINESS DEVELOPMENTS.
As filed on the 2022 return.
Listed in Part VII
-
Allie CatlinALLIE CATLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tony FieldsTONY FIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Winfield S BrownWINFIELD S BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara MahoneyBARBARA MAHONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce PlatzmanBRUCE PLATZMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jackie CullenJACKIE CULLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa GlennyMELISSA GLENNY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard LapidusRICHARD LAPIDUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher McCarthyCHRISTOPHER MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael JohansenMICHAEL JOHANSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven RocheleauSTEVEN ROCHELEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew FournierMATTHEW FOURNIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James Vander HoovenJAMES VANDER HOOVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roy NascimentoROY NASCIMENTO
PRESIDENT, TREASURER, CLERK
- Total calculated
- $206,999
- From this org
- $206,999
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $206,999
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $206,999
-
Henry TessmanHENRY TESSMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel LopezRACHEL LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rodrigo SouzaRODRIGO SOUZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John ZarrellaJOHN ZARRELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lori RichardsonLORI RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- ANNUALLY, WITHIN 60 DAYS OF THE END OF THE FISCAL YEAR END, THE EXECUTIVE COMMITTEE WILL REVIEW KEY EMPLOYEE COMPENSATION, AND APPROVE, USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED CHAMBERS. UPON COMPLETION OF THE REVIEW THE COMMITTEE WILL REPORT THEIR DETERMINATIONS TO THE BOARD OF DIRECTORS.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NORTH CENTRAL MA DEVELOPMENT CORPORATION
501(C)(3) · EXPAND ECONOMIC DEVELOPMENT IN NORTHERN WORCESTER COUNTY · MA
-
JOHNNY APPLESEED TRAIL ASSOCIATION
501(C)(3) · OPERATION AND MAINTENANCE OF A VISITORS CENTER · MA
-
FITCHBURG AREA ECONOMIC DEVELOPMENT CORPORATION
501(C)(4) · SUPPORT EDUCATIONAL, SCIENTIFIC AND COMMUNITY OF NORTH CENTRAL MASS · MA
-
NORTH CENTRAL MASS CHAMBER FOUNDATION
501(C)(3) · SCHOLARSHIP AWARDS TO HIGH SCHOOL SENIORS · MA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302899349302290
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