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Nonprofiteer
← NEW JERSEY STATE CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by NEW JERSEY STATE CHAMBER OF COMMERCE.

Totals

Total revenue
$2,863,441
Total expenses
$3,166,928
Contributions and grants received
$133,250
Grants paid
$3,200
Program service revenue
$2,728,950
Investment income
$1,241
Other revenue
$0
Total assets, end of year
$2,915,136
Total liabilities, end of year
$1,170,749
Net assets or fund balances, end of year
$1,744,387
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.

  • 1f · All other contributions, gifts and grants

    $133,250

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,294,380 · related or exempt $1,294,380

  • 2b · Program service revenue: CONFERENCES

    total $885,993 · related or exempt $885,993

  • 2c · Program service revenue: CORNERSTONE DUES

    total $466,962 · related or exempt $466,962

  • 2d · Program service revenue: OTHER PROGRAM SERVICE

    total $59,320 · related or exempt $59,320

  • 2e · Program service revenue: PUBLICATIONS

    total $17,100 · related or exempt $3,223 · unrelated business $13,877

  • 2f · All other program service revenue

    total $5,195 · unrelated business $5,195

  • 3 · Investment income

    total $1,241 · excluded $1,241

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,200

  • 5 · Compensation of officers, directors and key employees

    total $751,970

  • 7 · Other salaries and wages

    total $1,224,822

  • 8 · Pension plan contributions

    total $36,853

  • 9 · Other employee benefits

    total $143,896

  • 10 · Payroll taxes

    total $130,192

  • 11c · Fees: accounting

    total $25,900

  • 11g · Fees: other

    total $111,837

  • 12 · Advertising and promotion

    total $7,384

  • 13 · Office expenses

    total $71,494

  • 16 · Occupancy

    total $53,900

  • 17 · Travel

    total $17,130

  • 19 · Conferences, conventions and meetings

    total $325,823

  • 22 · Depreciation, depletion and amortization

    total $26,806

  • 23 · Insurance

    total $27,329

  • 24a · Other expenses: FEDERAL INCOME TAXES

    total $3,223

  • 24b · Other expenses: SPECIAL PROJECTS

    total $147,089

  • 24c · Other expenses: DUES AND PUBLICATIONS

    total $32,415

  • 24d · Other expenses: MISCELLANEOUS

    total $14,305

  • 24e · All other expenses

    total $11,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $2,757,034 · end of year $2,238,543

  • 4 · Accounts receivable

    beginning of year $122,136 · end of year $182,468

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,558 · end of year $53,456

  • 10a · Land, buildings and equipment: cost or other basis

    $1,589,843

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,173,297

  • 10c · Land, buildings and equipment, net

    beginning of year $439,485 · end of year $416,546

  • 15 · Other assets

    beginning of year $0 · end of year $23,623

  • 17 · Accounts payable and accrued expenses

    beginning of year $473,197 · end of year $323,225

  • 19 · Deferred revenue

    beginning of year $827,642 · end of year $823,901

  • 25 · Other liabilities

    beginning of year $0 · end of year $23,623

  • 27 · Net assets without donor restrictions

    beginning of year $562,358 · end of year $272,710

  • 28 · Net assets with donor restrictions

    beginning of year $1,485,516 · end of year $1,471,677

Mission and programs · 2022

Mission

THE NEW JERSEY STATE CHAMBER OF COMMERCE PROMOTES A VIBRANT BUSINESS ENVIRONMENT AND ECONOMIC PROSPERITY THROUGH VISION, EXPERTISE AND INNOVATIVE SOLUTIONS.

Activities or mission (Part I)

TO PROMOTE A VIBRANT BUSINESS ENVIRONMENT AND ECONOMIC PROSPERITY.

  • THE NEW JERSEY CHAMBER'S GOVERNMENT RELATIONS TEAM IN 2022 PROVIDED BUSINESS ADVOCACY, INCLUDING INTERACTIONS WITH LEGISLATORS AND MEMBERS OF THE GOVERNOR'S CABINET TO DISCUSS WAYS TO REDUCE TAXES AND BURDENSOME REGULATIONS, AND TO PROMOTE POLICIES THAT HELP THE STATE'S ECONOMY AND BUSINESSES GROW AND THRIVE. ADDITIONALLY, THE CHAMBER HOSTED A SERIES OF IN-PERSON EVENTS THAT CONNECT THE STATE'S BUSINESS AND POLITICAL LEADERS, INCLUDING A BUSINESS ROUNDTABLE SERIES OF LIVE EVENTS FEATURING LEGISLATORS AND CABINET MEMBERS. THE N.J. CHAMBER ALSO ESTABLISHED AND MEETS REGULARLY WITH THE CHAMBER ALLIANCE, A COALITION OF EXECUTIVES FROM LOCAL AND REGIONAL CHAMBERS OF COMMERCE TO DISCUSS BUSINESS ISSUES OF COMMON INTEREST AND HOW TO ADDRESS THEM TOGETHER.

  • THE NEW JERSEY CHAMBER OF COMMERCE IN 2022 HOSTED IN-PERSON AND VIRTUAL NETWORKING EVENTS WHERE EXECUTIVES FROM CHAMBER MEMBER COMPANIES CONNECTED AND MET PROSPECTIVE CUSTOMERS/CLIENTS. IN 2022, WITH A CONTINUED FOCUS ON DIVERSITY AND INCLUSION, THE N.J. CHAMBER TEAMED UP WITH THE AFRICAN AMERICAN CHAMBER OF COMMERCE OF NEW JERSEY TO HOST THE FIRST-EVER DE&I TRAILBLAZER AWARDS RECEPTION THAT RECOGNIZED NEW JERSEY COMPANIES THAT DEMONSTRATE TANGIBLE AND MEASURABLE PROGRESS IN DIVERSITY, EQUITY AND INCLUSION. IN 2022, THE N.J. CHAMBER ALSO HOSTED THE RENEW JERSEY BUSINESS SUMMIT & EXPO IN ATLANTIC CITY WHERE PANELS OF EXPERTS DISCUSSED AND PROPOSED SOLUTIONS TO THE STATE'S BIGGEST ECONOMIC CHALLENGES. IT'S ATTRACTED 600 BUSINESS LEADERS, AND 60 VENDORS WHO SHOWCASED THEIR TRADES AND SERVICES. THE EVENT WAS KEYNOTED BY BOTH GOV. PHIL MURPHY AND ATLANTIC CITY MAYOR MARTY SMALL.

  • THE NEW JERSEY CHAMBER SUPPORTS EDUCATION AND WORKFORCE READINESS, WITH PROGRAMMING TO HELP THE NEXT GENERATION OF WORKERS PREPARE FOR THE COMPETITIVE WORLDS OF COLLEGE ADMISSIONS AND EMPLOYMENT. THE N.J. CHAMBER ALSO PRODUCED A SERIES OF WEBINARS TO DISCUSS AND OFFER PRACTICAL ADVICE ON HOT-BUTTON ISSUES FACING NEW JERSEY'S SMALL BUSINESSES. THE CHAMBER ALSO SENDS MEMBERS AN ELECTRONIC NEWSLETTER, CALLED NJ CHAMBEREDGE, FEATURING EXCLUSIVE ARTICLES WITH EXPERT ADVICE ON IMPORTANT MATTERS RANGING FROM JOB RECRUITING TO DEVELOPING BUSINESS PROSPECTS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Bracken

    PRESIDENT/CEO

    Total calculated
    $587,843
    From this org
    $567,435
    From related orgs
    $0
    Other
    $20,408
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $427,435
    Bonus
    $140,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,408
    Filer's total
    $587,843
  • Michael Egenton

    VP OF GOVERNMENT AFFAIRS

    Total calculated
    $266,618
    From this org
    $230,927
    From related orgs
    $0
    Other
    $35,691
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $185,927
    Bonus
    $45,000
    Other
    $0
    Deferred
    $7,028
    Nontaxable benefits
    $28,663
    Filer's total
    $266,618
  • Raymond O Zardetto

    VP OF COMMUNICATIONS

    Total calculated
    $201,410
    From this org
    $194,709
    From related orgs
    $0
    Other
    $6,701
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $169,709
    Bonus
    $25,000
    Other
    $0
    Deferred
    $5,681
    Nontaxable benefits
    $1,020
    Filer's total
    $201,410
  • Donna Custard

    PRESIDENT - NJ CHAMBER FDN

    Total calculated
    $166,606
    From this org
    $144,132
    From related orgs
    $0
    Other
    $22,474
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $144,132
    Bonus
    $0
    Other
    $0
    Deferred
    $4,523
    Nontaxable benefits
    $17,951
    Filer's total
    $166,606
  • Rebecca Turetzkin

    VP OF FINANCE

    Total calculated
    $164,128
    From this org
    $138,846
    From related orgs
    $0
    Other
    $25,282
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $116,846
    Bonus
    $22,000
    Other
    $0
    Deferred
    $4,369
    Nontaxable benefits
    $20,913
    Filer's total
    $164,128
  • Neil Wildonger

    VP OF OPERATIONS

    Total calculated
    $159,759
    From this org
    $143,889
    From related orgs
    $0
    Other
    $15,870
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $121,889
    Bonus
    $22,000
    Other
    $0
    Deferred
    $4,369
    Nontaxable benefits
    $11,501
    Filer's total
    $159,759
  • Patricia Teffenhart

    SENIOR VICE PRESIDENT OF STRATEGIC INITIATIVES

    Total calculated
    $139,645
    From this org
    $134,763
    From related orgs
    $0
    Other
    $4,882
    Hours/week
    40 + 0.5 related
  • James V Fakult

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Gary C Dahms

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Gil Medina

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Walter J Brasch

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Marjorie Perry

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Debbie Albrecht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ruthi Byrne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tom Byrne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Dale Caldwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • William Caruso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Monica Padovano Casiello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Lisa E Chowansky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Patricia Claybrook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Peter J Cocoziello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Howard Cohen CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • John Cole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Thomas H Comiskey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Rodney Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Rafael E Cuellar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Rob Curley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Christopher J Daggett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Mark A Daniele Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Enrico A Della Corna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joe Divis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Samuel Donelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bishop David G Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dale Favors

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • W Raymond Felton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Madeline Ferraro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Kathryn A Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Alberto Garofalo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Robert Garrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Thomas X Geisel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Sandra D Gilyard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Christopher J Guiton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • William R Hagaman Jr CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Merodie Anne Hancock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kim Hanemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kevin Haney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • James Hanson II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • John Harmon Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Debbie Hart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Leslie Hirsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Johnathan Hirschfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Kimberly Killmer Hollister

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Gary S Horan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Peter J Hovnanian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ralph Izzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Doug Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jack Klugmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Lawrence H Krampf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Krieger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ronald S Ladell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Diahann W Lassus CFP Cpapfs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joseph J Lebel III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Christopher Lepre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Oliver Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kevin L Luing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Peter Mangin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Amy Mansue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Marden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Gene McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Carlos Medina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Patrick Migliaccio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Karyn Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jack Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Doug Mokoid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Brian J Molloy Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Will Morey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Vito Nardelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Colin Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kelly Odenheimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Carlos Ortiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Barry Ostrowsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Lester S Pataki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Andrew Pecora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Braxton Plummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bryan Pickel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Robert L Podvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Aaron Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul V Profeta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Mike Reagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Lamont Repollet EdD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Renna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Steven M Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Joseph S Roth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • William Ruckert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Nicholas San Filippo IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jeffrey C Scheininger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Anthony Sgammato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dennis Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jennifer A Shimek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kevin Slavin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Rev Dr Deforest B Soaries Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ralph A Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dennis M Toft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Diane Wasser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kelly Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dennis Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related
  • Ted Zangari Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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 II, COLUMN A, LINE 4
DONNA CUSTARD IS EMPLOYED BY THE NEW JERSEY STATE CHAMBER OF COMMERCE HOWEVER SHE IS THE PRESIDENT OF A RELATED ORGANIZATION, NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, INC. NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, INC. REIMBURSES THE TAXPAYER FOR SALARIES AND RELATED EXPENSES. DONNA CUSTARD'S COMPENSATION APPROVAL PROCESS FOLLOWS THE TAXPAYER'S PROCESS AS DISCLOSED ON SCHEDULE O. HOWEVER, DONNA'S FINAL SALARY IS BASED ON THE AVAILABILITY OF FUNDING FOR THE NEW JERSEY CHAMBER OF COMMERCE FOUNDATION, INC.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 June 2023
IRS schema version
2022v5.0
Source object
202301659349300220

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