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Nonprofiteer
← HARTFORD CHAMBER OF COMMERCE INC

Form 990 for tax year 2024

Filed by HARTFORD CHAMBER OF COMMERCE INC.

Totals

Total revenue
$59,666
Total expenses
$2,103,815
Contributions and grants received
$24,500
Grants paid
$0
Program service revenue
$14,220
Investment income
$20,946
Other revenue
$0
Total assets, end of year
$407,745
Total liabilities, end of year
$10,863,918
Net assets or fund balances, end of year
-$10,456,173
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

    $24,500

  • 2a · Program service revenue: Administrative Fees

    total $14,220 · related or exempt $14,220

  • 3 · Investment income

    total $20,946 · excluded $20,946

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $1,087,287

  • 7 · Other salaries and wages

    total $592,730

  • 8 · Pension plan contributions

    total $102,056

  • 9 · Other employee benefits

    total $150,085

  • 10 · Payroll taxes

    total $118,462

  • 23 · Insurance

    total $4,388

  • 24e · All other expenses

    total $48,807

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $760,159 · end of year $369,479

  • 4 · Accounts receivable

    beginning of year $19,994 · end of year $34,846

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,426 · end of year $3,420

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,421 · end of year $61,244

  • 25 · Other liabilities

    beginning of year $9,181,182 · end of year $10,802,674

  • 27 · Net assets without donor restrictions

    beginning of year -$8,453,131 · end of year -$10,493,180

  • 28 · Net assets with donor restrictions

    beginning of year $41,107 · end of year $37,007

Mission and programs · 2024

Mission

To compete aggressively and successfully for jobs, talent and capital.

  • Business Community Agenda:Work with state legislation leaders to promote business community agenda.

  • Market the Region:Conduct seminars and events to support existing businesses and business expansion.

  • Economic Development:Work with neighborhood groups to foster economic development in the city of Hartford.

As filed on the 2024 return.

Listed in Part VII

  • Yvon Alexandre

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Boucher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Devereux

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ben Dubow

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vicki Gallon Clark

    Director

    Total calculated
    $0
    Hours/week
    1

  • Moraima Gutierrez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Max Kothari

    Director

    Total calculated
    $0
    Hours/week
    1

  • Melissa Melonson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jordan Polon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rick Stevens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin kenny

    director

    Total calculated
    $0
    Hours/week
    1

  • Chelsea Mancini

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Griggs

    President & CEO

    Total calculated
    $350,273
    From this org
    $312,707
    From related orgs
    $0
    Other
    $37,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,707
    Bonus
    $0
    Other
    $0
    Deferred
    $19,819
    Nontaxable benefits
    $17,747
    Filer's total
    $350,273

  • Julio Concepcion

    Executive Director

    Total calculated
    $126,206
    From this org
    $111,320
    From related orgs
    $0
    Other
    $14,886
    Hours/week
    40

  • Anne Burns

    Chief Operating Officer

    Total calculated
    $169,530
    From this org
    $152,193
    From related orgs
    $0
    Other
    $17,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,193
    Bonus
    $0
    Other
    $0
    Deferred
    $9,301
    Nontaxable benefits
    $8,036
    Filer's total
    $169,530

  • Eugene Goddard

    Chief Business Investment

    Total calculated
    $233,831
    From this org
    $202,845
    From related orgs
    $0
    Other
    $30,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,845
    Bonus
    $0
    Other
    $0
    Deferred
    $13,239
    Nontaxable benefits
    $17,747
    Filer's total
    $233,831

  • Susan Winkler

    Vice President

    Total calculated
    $184,617
    From this org
    $161,285
    From related orgs
    $0
    Other
    $23,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,285
    Bonus
    $0
    Other
    $0
    Deferred
    $10,232
    Nontaxable benefits
    $13,100
    Filer's total
    $184,617

  • Kate Baumann

    Chief Investor Relations O

    Total calculated
    $164,771
    From this org
    $147,477
    From related orgs
    $0
    Other
    $17,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,477
    Bonus
    $0
    Other
    $0
    Deferred
    $9,018
    Nontaxable benefits
    $8,276
    Filer's total
    $164,771

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 1a
HARTFORD CLUB MEMBERSHIP IS MAINTAINED FOR DAVID GRIGGS PURELY FOR BENEFIT OF THE HARTFORD CHAMBER OF COMMERCE, INC. AND ITS MEMBERS. OTHER EMPLOYEES CAN AND HAVE USED THIS MEMBERSHIP IN SUPPORT OF BROADER INVESTOR ENGAGEMENT EFFORTS. THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION TO THE LISTED PERSON.

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
2024
Filed
18 June 2025
IRS schema version
2024v5.1
Source object
202511779349300411

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