Form 990 for tax year 2022
Filed by GREATER PROVIDENCE CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,541,725
- Total expenses
- $1,875,586
- Contributions and grants received
- $677,515
- Grants paid
- $0
- Program service revenue
- $675,031
- Investment income
- $273,601
- Other revenue
- -$84,422
- Total assets, end of year
- $9,304,330
- Total liabilities, end of year
- $404,280
- Net assets or fund balances, end of year
- $8,900,050
- Program services expenses (Part IX)
- $1,875,586
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,875,586
Program services were 100.0% 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
$677,515
-
2a · Program service revenue: MEETINGS
total $402,880 · related or exempt $402,880
-
2b · Program service revenue: SPONSORSHIP REVENUE
total $221,275 · related or exempt $221,275
-
2c · Program service revenue: MANAGEMENT SERVICES
total $33,180 · related or exempt $33,180
-
2d · Program service revenue: MISC. INCOME
total $13,896 · related or exempt $13,896
-
2e · Program service revenue: INSURANCE
total $3,800 · unrelated business $3,800
-
3 · Investment income
total $192,427 · excluded $192,427
-
6a · Gross rents
real property $284,855
-
6b · Less rental expenses
real property $419,914
-
6c · Rental income or loss
real property -$135,059
-
6d · Net rental income or loss
total -$135,059 · excluded -$135,059
-
7a · Gross sales of assets other than inventory
securities $1,824,809
-
7b · Less cost or other basis and sales expenses
securities $1,743,635
-
7c · Gain or loss
securities $81,174
-
7d · Net gain or loss
total $81,174 · excluded $81,174
-
8a · Fundraising events: gross income
$145,000
-
8b · Fundraising events: direct expenses
$94,363
-
8c · Net income from fundraising events
total $50,637 · excluded $50,637
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $468,690 · program services $468,690
-
7 · Other salaries and wages
total $437,938 · program services $437,938
-
8 · Pension plan contributions
total $28,844 · program services $28,844
-
9 · Other employee benefits
total $98,220 · program services $98,220
-
10 · Payroll taxes
total $58,179 · program services $58,179
-
11b · Fees: legal
total $5,858 · program services $5,858
-
11c · Fees: accounting
total $21,500 · program services $21,500
-
11d · Fees: lobbying
total $115,000 · program services $115,000
-
11f · Fees: investment management
total $48,233 · program services $48,233
-
13 · Office expenses
total $36,169 · program services $36,169
-
14 · Information technology
total $39,519 · program services $39,519
-
16 · Occupancy
total $2,593 · program services $2,593
-
17 · Travel
total $12,000 · program services $12,000
-
19 · Conferences, conventions and meetings
total $169,119 · program services $169,119
-
22 · Depreciation, depletion and amortization
total $11,208 · program services $11,208
-
23 · Insurance
total $12,739 · program services $12,739
-
24a · Other expenses: VARIOUS PROJECT SUPPORT
total $307,029 · program services $307,029
-
24b · Other expenses: EQUIPMENT RENTAL AND MA
total $2,748 · program services $2,748
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $206,376 · end of year $208,721
-
4 · Accounts receivable
beginning of year $23,389 · end of year $64,347
-
9 · Prepaid expenses and deferred charges
beginning of year $4,244 · end of year $336
-
10a · Land, buildings and equipment: cost or other basis
$3,609,400
-
10b · Land, buildings and equipment: accumulated depreciation
$2,303,675
-
10c · Land, buildings and equipment, net
beginning of year $1,431,263 · end of year $1,305,725
-
11 · Investments: publicly traded securities
beginning of year $7,090,605 · end of year $7,725,201
-
17 · Accounts payable and accrued expenses
beginning of year $211,770 · end of year $354,305
-
19 · Deferred revenue
beginning of year $94,425 · end of year $49,975
-
27 · Net assets without donor restrictions
beginning of year $8,449,682 · end of year $8,900,050
Mission and programs · 2022
Mission
PROMOTE BUSINESSES THROUGH THE ORGANIZATION OF VARIOUS MEETINGS, FUNCTIONS, AND PROGRAMS.
-
THE GREATER PROVIDENCE CHAMBER OF COMMERCE PROMOTES BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT.
Expenses $1,875,586 · Revenue $671,231
As filed on the 2022 return.
Listed in Part VII
-
Laureen L WhiteLAUREEN L WHITE
PRESIDENT
- Total calculated
- $296,346
- From this org
- $263,007
- From related orgs
- $0
- Other
- $33,339
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $214,227
- Bonus
- $47,500
- Other
- $1,280
- Deferred
- $20,550
- Nontaxable benefits
- $12,789
- Filer's total
- $296,346
-
Meghan HughesMEGHAN HUGHES
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Alden AndersonALDEN ANDERSON
IMMEDIATE PAST CHAIR/NOMINATING COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan DuffyJONATHAN DUFFY
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
David RubinDAVID RUBIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Patricia ThompsonPATRICIA THOMPSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Russell CareyRUSSELL CAREY
INNOVATION ECONOMY CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Kristin FraserKRISTIN FRASER
AUDIT COMMITTEE CHAIR THROUGH 06/13/23
- Total calculated
- $0
- Hours/week
- 2
-
David GildenDAVID GILDEN
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Steven IssaSTEVEN ISSA
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 2
-
George ShusterGEORGE SHUSTER
INVESTMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Rick MettersRICK METTERS
GOVERNMENT AFFAIRS CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Christopher GrahamCHRISTOPHER GRAHAM
EDUCATION COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Marc ParlangeMARC PARLANGE
INNOVATION ECONOMY CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Michael LeeMICHAEL LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michele CinquegranoMICHELE CINQUEGRANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer RomanoJENNIFER ROMANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin TracyKEVIN TRACY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Saul WeingartSAUL WEINGART
DIRECTOR THROUGH 04/15/2023
- Total calculated
- $0
- Hours/week
- 2
-
Carmen AguilarCARMEN AGUILAR
DIRECTOR THROUGH 07/21/2022
- Total calculated
- $0
- Hours/week
- 2
-
Stuart BentonSTUART BENTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard Beretta JrRICHARD BERETTA JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marie Bernardo-SousaMARIE BERNARDO-SOUSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian BritsonBRIAN BRITSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia ButlerCYNTHIA BUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marc CrisafulliMARC CRISAFULLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeremy CrispJEREMY CRISP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bradford DimeoBRADFORD DIMEO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Diana FranchittoDIANA FRANCHITTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
James HagertyJAMES HAGERTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Harold HorvatHAROLD HORVAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Keith KellyKEITH KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michele LederbergMICHELE LEDERBERG
DIRECTOR THROUGH 12/01/2022
- Total calculated
- $0
- Hours/week
- 2
-
E Robert LuponeE ROBERT LUPONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph PerroniJOSEPH PERRONI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lara SalamanoLARA SALAMANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian SperoBRIAN SPERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Robert VincentROBERT VINCENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
David BonenbergerDAVID BONENBERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kas DecarvalhoKAS DECARVALHO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John FernandezJOHN FERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kate LibermanKATE LIBERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl MerchantCHERYL MERCHANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ross NelsonROSS NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David OrtizDAVID ORTIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ted ShallcrossTED SHALLCROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michele StretonMICHELE STRETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael WagnerMICHAEL WAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Martha WoffordMARTHA WOFFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth ManchesterELIZABETH MANCHESTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Valerie B MurrayVALERIE B MURRAY
SENIOR VP/FINANCE
- Total calculated
- $166,672
- From this org
- $131,639
- From related orgs
- $0
- Other
- $35,033
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $109,684
- Bonus
- $21,000
- Other
- $955
- Deferred
- $10,233
- Nontaxable benefits
- $24,800
- Filer's total
- $166,672
-
Janet RaymondJANET RAYMOND
SENIOR VP/ECONOMIC DEVELOPMENT
- Total calculated
- $156,858
- From this org
- $133,502
- From related orgs
- $0
- Other
- $23,356
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $111,715
- Bonus
- $21,000
- Other
- $787
- Deferred
- $10,228
- Nontaxable benefits
- $13,128
- Filer's total
- $156,858
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 · Compensation committee
- 3 · Written employment contract
- 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
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.
-
GREATER PROVIDENCE CHAMBER FOUNDATION
501(C)(3) · SUPPORT PROJECTS THAT STIMULATE COMMERCE IN GREATER PROVIDENCE · RI · controlled entity
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
GP CHAMBER REALTY LLC
OWNING AND LEASING OF REAL PROPERTY. · RI · income $284,855 · assets $1,374,807
Directly controlled by THE GREATER PROVIDENCE CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441229349301834
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