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Nonprofiteer
← PORTSMOUTH CHAMBER OF COMMERCE INC

Form 990 for tax year 2022

Filed by PORTSMOUTH CHAMBER OF COMMERCE INC.

Totals

Total revenue
$725,749
Total expenses
$782,329
Contributions and grants received
$360,470
Grants paid
$0
Program service revenue
$309,150
Investment income
$5,129
Other revenue
$51,000
Total assets, end of year
$674,608
Total liabilities, end of year
$531,333
Net assets or fund balances, end of year
$143,275
Program services expenses (Part IX)
$431,830
Management and general expenses
$350,499
Fundraising expenses
$0
Program service expenses (Part III)
$431,830

Program services were 55.2% 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

    $267,088

  • 1e · Government grants (contributions)

    $93,382

  • 2a · Program service revenue: EVENTS & PROGRAMS

    total $253,379 · related or exempt $253,379

  • 2b · Program service revenue: ADVERTISING

    total $55,771 · related or exempt $55,771

  • 3 · Investment income

    total $5,129 · related or exempt $5,129

  • 6a · Gross rents

    real property $49,075

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $49,075

  • 6d · Net rental income or loss

    total $49,075 · unrelated business $49,075

  • 11a · Other revenue: OTHER INCOME

    total $1,925 · excluded $1,925

  • 11e · Other revenue, total

    $1,925

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,320 · program services $60,192 · management and general $40,128

  • 7 · Other salaries and wages

    total $348,933 · program services $183,858 · management and general $165,075

  • 11c · Fees: accounting

    total $9,950 · management and general $9,950

  • 11g · Fees: other

    total $33,388 · program services $19,645 · management and general $13,743

  • 12 · Advertising and promotion

    total $39,150 · program services $38,533 · management and general $617

  • 13 · Office expenses

    total $14,983 · program services $2,868 · management and general $12,115

  • 16 · Occupancy

    total $58,198 · management and general $58,198

  • 17 · Travel

    total $11,071 · program services $5,416 · management and general $5,655

  • 19 · Conferences, conventions and meetings

    total $3,275 · program services $2,400 · management and general $875

  • 20 · Interest

    total $10,054 · management and general $10,054

  • 22 · Depreciation, depletion and amortization

    total $19,537 · management and general $19,537

  • 23 · Insurance

    total $2,866 · management and general $2,866

  • 24a · Other expenses: PRODUCTION COSTS

    total $83,520 · program services $83,520 · management and general $0

  • 24b · Other expenses: PRINTING

    total $30,989 · program services $30,989 · management and general $0

  • 24c · Other expenses: BANK AND SERVICE CHARGE

    total $8,867 · program services $0 · management and general $8,867

  • 24d · Other expenses: POSTAGE AND SHIPPING

    total $4,330 · program services $3,233 · management and general $1,097

  • 24e · All other expenses

    total $2,898 · program services $1,176 · management and general $1,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $377,881 · end of year $335,858

  • 3 · Pledges and grants receivable

    beginning of year $46,990 · end of year $53,382

  • 4 · Accounts receivable

    beginning of year $4,477 · end of year $35,179

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,093 · end of year $132,449

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

    $538,986

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

    $423,746

  • 10c · Land, buildings and equipment, net

    beginning of year $131,363 · end of year $115,240

  • 15 · Other assets

    beginning of year $2,500 · end of year $2,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,099 · end of year $7,450

  • 19 · Deferred revenue

    beginning of year $37,362 · end of year $224,256

  • 23 · Secured mortgages and notes payable

    beginning of year $311,963 · end of year $296,827

  • 25 · Other liabilities

    beginning of year $4,025 · end of year $2,800

  • 27 · Net assets without donor restrictions

    beginning of year $199,855 · end of year $143,275

Mission and programs · 2022

Mission

ADVANCE THE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL AND CIVIC WELFARE OF THE GREATER PORTSMOUTH, NEW HAMPSHIRE AREA

  • EVENTS AND PROGRAMS TO PROMOTE THE COMMUNITY OF GREATER PORTSMOUTH, NEW HAMPSHIRE

    Expenses $431,830 · Grants $93,382 · Revenue $314,279

As filed on the 2022 return.

Listed in Part VII

  • Shane Brewer

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Lisa Gainty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monte Bohanan

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Clement

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Donohue

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Russ Grazier

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Michelle Nadeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Vancamp

    PRESIDENT

    Total calculated
    $100,320
    From this org
    $100,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • John Beauchesne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Bohenko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Akar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Amirault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Andruskevich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Renee Couture

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee Germeroth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Javi Kalbeck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Stroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Wendt

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202430169349300363

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