Form 990 for tax year 2024
Filed by MASSACHUSETTS LGBT CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $1,625,450
- Total expenses
- $1,511,566
- Contributions and grants received
- $1,186,892
- Grants paid
- $0
- Program service revenue
- $438,558
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $287,598
- Total liabilities, end of year
- $35,860
- Net assets or fund balances, end of year
- $251,738
- Program services expenses (Part IX)
- $1,442,697
- Management and general expenses
- $65,993
- Fundraising expenses
- $2,876
- Program service expenses (Part III)
- not reported
Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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
$101,181
-
1f · All other contributions, gifts and grants
$1,085,711
-
2a · Program service revenue: PROG SERVICE ACTIVITIES
total $438,558 · related or exempt $438,558
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $300,000 · program services $300,000
-
7 · Other salaries and wages
total $294,918 · program services $294,918
-
9 · Other employee benefits
total $46,432 · program services $46,432
-
10 · Payroll taxes
total $273,329 · program services $273,329
-
12 · Advertising and promotion
total $2,876 · fundraising $2,876
-
13 · Office expenses
total $37,606 · management and general $37,606
-
14 · Information technology
total $17,003 · program services $17,003
-
16 · Occupancy
total $25,416 · management and general $25,416
-
17 · Travel
total $4,058 · program services $4,058
-
19 · Conferences, conventions and meetings
total $1,381 · program services $1,381
-
23 · Insurance
total $2,971 · management and general $2,971
-
24a · Other expenses: PROFESSIONAL FEES
total $453,327 · program services $453,327
-
24b · Other expenses: EVENTS EXPENSE
total $52,249 · program services $52,249
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $256,954 · end of year $265,234
-
4 · Accounts receivable
end of year $22,364
-
15 · Other assets
beginning of year $1,585
-
17 · Accounts payable and accrued expenses
beginning of year $50,835 · end of year $35,860
-
27 · Net assets without donor restrictions
beginning of year $207,704 · end of year $251,738
Mission and programs · 2024
Mission
TO CREATE A FULLY INCLUSIVE STATE BY PROMOTING GROWTH & OPPORTUNITIES FOR LGBT-OWNED AND ALLIED BUSINESSES, ORGANIZATIONS, AND INDIVIDUALS.
Activities or mission (Part I)
TO CREATE A FULLY INCLUSIVE STATE BY PROMOTING GROWTH OPPORTUNITIES FOR LGBTOWNED AND ALLIED BUSINESSES ORGANIZATIONS AND INDIVIDUALS
-
TO CREATE A FULLY INCLUSIVE STATE BY PROMOTING GROWTH & OPPORTUNITIES FOR LGBT-OWNED AND ALLIED BUSINESSES, ORGANIZATIONS, AND INDIVIDUALS.
As filed on the 2024 return.
Listed in Part VII
-
James LopataJAMES LOPATA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Nancy StagerNANCY STAGER
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Susu WongSUSU WONG
CLERK
- Total calculated
- $0
- Hours/week
- 3
-
Elizabeth RobertsELIZABETH ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Benjamin PerkinsBENJAMIN PERKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Keith WangKEITH WANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Stephen ChanSTEPHEN CHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Ella SamsonELLA SAMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Ronald Molina-BrantleyRONALD MOLINA-BRANTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Grace MorenoGRACE MORENO
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349327576
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