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Nonprofiteer
← GREATER BOSTON CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by GREATER BOSTON CHAMBER OF COMMERCE.

Totals

Total revenue
$7,904,316
Total expenses
$9,398,731
Contributions and grants received
$5,424,111
Grants paid
$949,972
Program service revenue
$2,216,232
Investment income
$242,873
Other revenue
$21,100
Total assets, end of year
$11,445,358
Total liabilities, end of year
$5,754,092
Net assets or fund balances, end of year
$5,691,266
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

    $4,131,734

  • 1f · All other contributions, gifts and grants

    $1,292,377

  • 2a · Program service revenue: MEETING INCOME

    total $2,216,232 · related or exempt $2,216,232

  • 3 · Investment income

    total $145,176 · excluded $145,176

  • 7a · Gross sales of assets other than inventory

    securities $3,069,292

  • 7b · Less cost or other basis and sales expenses

    securities $2,971,595

  • 7c · Gain or loss

    securities $97,697

  • 7d · Net gain or loss

    total $97,697 · excluded $97,697

  • 11a · Other revenue: WEBSITE INCOME

    total $20,300 · unrelated business $20,300

  • 11b · Other revenue: MISCELLANEOUS

    total $800 · unrelated business $800

  • 11e · Other revenue, total

    $21,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $949,972

  • 5 · Compensation of officers, directors and key employees

    total $1,596,031

  • 7 · Other salaries and wages

    total $2,840,760

  • 9 · Other employee benefits

    total $409,392

  • 10 · Payroll taxes

    total $353,926

  • 11c · Fees: accounting

    total $37,308

  • 11d · Fees: lobbying

    total $1,416

  • 11g · Fees: other

    total $55,691

  • 12 · Advertising and promotion

    total $74,026

  • 13 · Office expenses

    total $15,931

  • 16 · Occupancy

    total $6,705

  • 17 · Travel

    total $105,536

  • 19 · Conferences, conventions and meetings

    total $733,303

  • 22 · Depreciation, depletion and amortization

    total $304,971

  • 23 · Insurance

    total $40,126

  • 24a · Other expenses: OPERATING LEASE EXPENSE

    total $718,495

  • 24b · Other expenses: LEADERSHIP DEVELOPMENT

    total $303,098

  • 24c · Other expenses: COMPUTER SERVICES

    total $216,192

  • 24d · Other expenses: EQUIPMENT RENTAL AND MA

    total $192,039

  • 24e · All other expenses

    total $443,813

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,673,093 · end of year $1,751,890

  • 2 · Savings and temporary cash investments

    beginning of year $262,037 · end of year $109,261

  • 4 · Accounts receivable

    beginning of year $122,433 · end of year $85,459

  • 9 · Prepaid expenses and deferred charges

    beginning of year $255,738 · end of year $363,270

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

    $1,700,405

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

    $1,067,540

  • 10c · Land, buildings and equipment, net

    beginning of year $931,311 · end of year $632,865

  • 11 · Investments: publicly traded securities

    beginning of year $5,379,261 · end of year $6,287,454

  • 15 · Other assets

    beginning of year $3,346,322 · end of year $2,215,159

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,371,212 · end of year $1,569,216

  • 25 · Other liabilities

    beginning of year $4,934,912 · end of year $4,184,876

  • 27 · Net assets without donor restrictions

    beginning of year $6,664,071 · end of year $5,691,266

Mission and programs · 2023

Mission

TO BE THE INDEPENDENT, NON-PROFIT ORGANIZATION THAT IS THE CONVENER, VOICE AND ADVOCATE OF THE REGION'S BUSINESS COMMUNITY. TO HELP MEMBERS AND GREATER BOSTON SUCCEED BY CONNECTING BUSINESS LEADERS, INFORMING THE BUSINESS COMMUNITY, SHAPING PUBLIC POLICIES AND PROVIDING LEADERSHIP DEVELOPMENT PROGRAMS.

  • PROMOTE BETTER ECONOMIC CONDITIONS, STRATEGIC NETWORKING AND LEADERSHIP DEVELOPMENT WITHIN THE GREATER BOSTON AREA.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ronald P O'Hanley

    CHAIR

    Total calculated
    $0
    Hours/week
    0
  • Navjot Singh

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0
  • Gloria C Larson Esq

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0
  • Micho F Spring

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0
  • Karen Kaplan

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0
  • Fletcher Wiley

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0
  • John F Fish

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0
  • Paul J Ayoub Esq

    CHAIR EMERITUS, CLERK

    Total calculated
    $0
    Hours/week
    0
  • Andrew Graff

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Miceal Chamberlain

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Sarah Iselin

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Vicary Graham

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Kevin Churchwell

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Jessica Devlieger

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Susan Esper

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Geri Denterlein

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Robert F Rivers

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Jane Carey Steinmetz

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Steven H Wright

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Lionel Harris

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Zamawa Arenas

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Sandra Edgerley

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • James Tierney

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Edmund Kenealy

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Cain Hayes

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Cathy Saunders

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Yvonne Garcia

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Marisa Kelly

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Lee Pelton PhD

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Sandy Lish

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Adam Portnoy

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0
  • James E Rooney

    PRESIDENT & CEO

    Total calculated
    $835,014
    From this org
    $809,302
    From related orgs
    $0
    Other
    $25,712
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $531,602
    Bonus
    $247,700
    Other
    $30,000
    Deferred
    $0
    Nontaxable benefits
    $25,712
    Filer's total
    $835,014
  • Pallavi Verma

    VICE CHAIR, EXECTUIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0
  • Jerry Sargent

    VICE CHAIR, EXECTUIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0
  • Anne Klibanski

    VICE CHAIR, EXECTUIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0
  • David Foss

    VICE CHAIR, TREASURER, EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0
  • Corey Thomas

    VICE CHAIR, EXECTUIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    0
  • Tamar Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Christina Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Yasmine King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • George Sargent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Jeffrey Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Brent Chrite

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Peter Healy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Donald Perault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Anthony Bond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Richard Gotham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Carrie P Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Pam Eddinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Paul Mastrocola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Madeleine Timin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Myechia Minter-Jordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Darryl Settles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • William P Gelnaw Jr Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Rick Waechter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • John E Butterworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Joseph J Alabanese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Ed Fleischmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Christine Schuster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Jenny Holaday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Jim Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Judy A Habib

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Nate Pusey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Meredith Weenick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • David Rubin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Michael Viazzoli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gregory Janey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Lindsay Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Roxann Cooke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Christopher Nasson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gerald Francis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • John Capone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Sushil Tuli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Christine McCay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Grace Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Katy Daiell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Marlo Fogelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Allison Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Alex Dichter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Denise Kaigler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Michelle O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Iva Morse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Susan Loconto Penta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Lisa Barton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Tracey Flaherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Lisa Brothers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Melissa McMorrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gilda Barabino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Vilas Dhar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Jon Bernstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Kimberly Sherman Stamier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gerard Nadeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Renata J Ferrari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Cynthia Dow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Lynn Perry Wooten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Jeff Freedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gordon Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Katy O'Neil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Aidan F Browne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Juan Carlos Morales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Dana Mendenhall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Sheryl McQuade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Amy Latimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Sheena Collier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Rie Sugihara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gary Coombe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Kathleen Federico

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Vikki Spruill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Marty Meehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Stephanie Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Charles Wagner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Liza Lefkowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Margaret Low

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Kyle Grimes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Fatima Penrose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Gregory O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Cynthia T Mazareas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Herby Duverne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Sarah Fay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0
  • Carolyn Ryan

    SENIOR VP, POLICY & RESEARCH

    Total calculated
    $309,530
    From this org
    $292,640
    From related orgs
    $0
    Other
    $16,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,140
    Bonus
    $37,000
    Other
    $22,500
    Deferred
    $0
    Nontaxable benefits
    $16,890
    Filer's total
    $309,530
  • Maureen Shae Baker

    SENIOR VP, MEMBERSHIP & MARKETING

    Total calculated
    $261,725
    From this org
    $252,460
    From related orgs
    $0
    Other
    $9,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,615
    Bonus
    $37,000
    Other
    $20,845
    Deferred
    $0
    Nontaxable benefits
    $9,265
    Filer's total
    $261,725
  • Celia Richa

    SENIOR VP, STRATEGIC INITIATIVES & POLICY

    Total calculated
    $285,606
    From this org
    $254,115
    From related orgs
    $0
    Other
    $31,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,615
    Bonus
    $37,000
    Other
    $22,500
    Deferred
    $0
    Nontaxable benefits
    $31,491
    Filer's total
    $285,606
  • John Joy

    SENIOR DIRECTOR OF MEMBERSHIP DEVELOPMENT

    Total calculated
    $197,470
    From this org
    $169,333
    From related orgs
    $0
    Other
    $28,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,570
    Bonus
    $11,250
    Other
    $6,513
    Deferred
    $0
    Nontaxable benefits
    $28,137
    Filer's total
    $197,470
  • Jeanne Sullivan

    CHIEF OF STAFF TO PRESIDENT & CEO

    Total calculated
    $184,446
    From this org
    $176,657
    From related orgs
    $0
    Other
    $7,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,615
    Bonus
    $24,000
    Other
    $23,042
    Deferred
    $0
    Nontaxable benefits
    $7,789
    Filer's total
    $184,446
  • Benjamin Stuart

    VP, FINANCE & TECHNOLOGY

    Total calculated
    $174,053
    From this org
    $148,336
    From related orgs
    $0
    Other
    $25,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,968
    Bonus
    $22,400
    Other
    $8,968
    Deferred
    $0
    Nontaxable benefits
    $25,717
    Filer's total
    $174,053
  • Erica Smith

    SENIOR DIRECTOR, MEMBER SERVICES

    Total calculated
    $153,290
    From this org
    $126,137
    From related orgs
    $0
    Other
    $27,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,885
    Bonus
    $15,000
    Other
    $8,252
    Deferred
    $0
    Nontaxable benefits
    $27,153
    Filer's total
    $153,290
  • Beilei Huang

    SENIOR DIRECTOR, FINANCE & ADMINISTRATION

    Total calculated
    $205,058
    From this org
    $178,331
    From related orgs
    $0
    Other
    $26,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,731
    Bonus
    $23,600
    Other
    $30,000
    Deferred
    $0
    Nontaxable benefits
    $26,727
    Filer's total
    $205,058

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 · 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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

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
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202433029349300883

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