Form 990 for tax year 2022
Filed by CHARLES RIVER REGIONAL CHAMBER INC.
Totals
- Total revenue
- $734,706
- Total expenses
- $767,694
- Contributions and grants received
- $414,120
- Grants paid
- $0
- Program service revenue
- $314,704
- Investment income
- $5,882
- Other revenue
- $0
- Total assets, end of year
- $1,021,671
- Total liabilities, end of year
- $300,746
- Net assets or fund balances, end of year
- $720,925
- Program services expenses (Part IX)
- $646,678
- Management and general expenses
- $121,016
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $646,678
Program services were 84.2% 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
$356,917
-
1f · All other contributions, gifts and grants
$57,203
-
2a · Program service revenue: CHAMBER EVENTS
total $304,554 · related or exempt $304,554
-
2b · Program service revenue: ONLINE ADVERTISING
total $10,150 · unrelated business $10,150
-
3 · Investment income
total $5,882 · excluded $5,882
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $205,599 · program services $178,326 · management and general $27,273
-
7 · Other salaries and wages
total $285,328 · program services $244,896 · management and general $40,432
-
8 · Pension plan contributions
total $13,045 · program services $11,088 · management and general $1,957
-
9 · Other employee benefits
total $12,425 · program services $10,561 · management and general $1,864
-
10 · Payroll taxes
total $39,473 · program services $33,552 · management and general $5,921
-
11c · Fees: accounting
total $9,900 · management and general $9,900
-
11g · Fees: other
total $5,330 · program services $5,056 · management and general $274
-
12 · Advertising and promotion
total $763 · program services $763
-
13 · Office expenses
total $2,552 · program services $1,914 · management and general $638
-
14 · Information technology
total $11,543 · program services $8,888 · management and general $2,655
-
16 · Occupancy
total $36,447 · program services $29,967 · management and general $6,480
-
17 · Travel
total $791 · program services $593 · management and general $198
-
23 · Insurance
total $3,474 · management and general $3,474
-
24a · Other expenses: NEWSLETTER EXPENSES
total $10,797 · management and general $10,797
-
24b · Other expenses: EVENT EXPENSES
total $88,198 · program services $88,198
-
24c · Other expenses: NOURISHING FOOD PROGRAM
total $23,888 · program services $23,888
-
24d · Other expenses: BANK SERVICE CHARGES
total $9,046 · management and general $9,046
-
24e · All other expenses
total $9,095 · program services $8,988 · management and general $107
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $70,976 · end of year $50,905
-
2 · Savings and temporary cash investments
beginning of year $779,066 · end of year $794,593
-
4 · Accounts receivable
beginning of year $96,991 · end of year $77,066
-
9 · Prepaid expenses and deferred charges
beginning of year $1,783 · end of year $1,890
-
15 · Other assets
beginning of year $118,499 · end of year $97,217
-
17 · Accounts payable and accrued expenses
beginning of year $35,865 · end of year $44,380
-
19 · Deferred revenue
beginning of year $255,504 · end of year $248,676
-
25 · Other liabilities
beginning of year $22,033 · end of year $7,690
-
27 · Net assets without donor restrictions
beginning of year $730,754 · end of year $720,084
-
28 · Net assets with donor restrictions
beginning of year $23,159 · end of year $841
Mission and programs · 2022
Mission
THE MISSION OF THE CHARLES RIVER REGIONAL CHAMBER IS TO CREATE A CLIMATE OF GROWTH AND SUCCESS FOR OUR COMMUNITY THROUGH A COLLABORATIVE AND INTERGRATED APPROACH UTILIZING BUSINESS, COMMUNITY, AND GOVERNMENT RESOURCES.
Activities or mission (Part I)
TO IMPROVE THE LOCAL BUSINESS CLIMATE BY PROVIDING UNIQUE OPPORTUNITIES FOR INDIVIDUALS AND BUSINESSES WHICH ENABLE THEM TO MAKE A DIFFERENCE BY CONNECTING THEM TO IMPORTANT COMMUNITY ISSUES.
-
PROGRAMS CARRIED OUT BY THE CHAMBER CONTRIBUTE TOWARD COORDINATING THE CONCERNS AND EFFORTS OF BUSINESS AND PROFESSIONAL COMMUNITY IN IMPROVING THE LOCAL BUSINESS CLIMATE.
Expenses $646,678
As filed on the 2022 return.
Listed in Part VII
-
Allison YeeALLISON YEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela PitterANGELA PITTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris WaylandCHRIS WAYLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher AllenCHRISTOPHER ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher TeachoutCHRISTOPHER TEACHOUT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dan BrentDAN BRENT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Errol NorwitzERROL NORWITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg ReibmanGREG REIBMAN
PRESIDENT
- Total calculated
- $209,795
- From this org
- $199,795
- From related orgs
- $0
- Other
- $10,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,795
- Bonus
- $0
- Other
- $0
- Deferred
- $10,000
- Nontaxable benefits
- $0
- Filer's total
- $209,795
-
Jack FucciJACK FUCCI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jay KimJAY KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay SpencerJAY SPENCER
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John KaracalidisJOHN KARACALIDIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RufoJOHN RUFO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John SpinoJOHN SPINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kent GonzalezKENT GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda Sloane KayLINDA SLOANE KAY
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Maggie SmithMAGGIE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle DesimoneMICHELLE DESIMONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Samantha ShermanSAMANTHA SHERMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Seana GaherinSEANA GAHERIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tali GolanTALI GOLAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey CournoyerJEFFREY COURNOYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gillian IsabelleGILLIAN ISABELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie SullivanKATIE SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eleanor UddoELEANOR UDDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Saleha WalshSALEHA WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jodie ZussmanJODIE ZUSSMAN
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. 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
- 2 · Substantiation required before reimbursing expenses
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342199349300964
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