Skip to content
Nonprofiteer
← DELAWARE STATE CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by DELAWARE STATE CHAMBER OF COMMERCE.

Totals

Total revenue
$1,856,295
Total expenses
$1,841,232
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,785,756
Investment income
$0
Other revenue
$70,539
Total assets, end of year
$2,324,965
Total liabilities, end of year
$807,242
Net assets or fund balances, end of year
$1,517,723
Program services expenses (Part IX)
$1,425,545
Management and general expenses
$415,687
Fundraising expenses
$0
Program service expenses (Part III)
$1,425,545

Program services were 77.4% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES AND AS

    total $869,794 · related or exempt $869,794

  • 2b · Program service revenue: ANNUAL DINNER

    total $612,815 · related or exempt $612,815

  • 2c · Program service revenue: SEMINARS & EVENTS

    total $303,147 · related or exempt $303,147

  • 11a · Other revenue: RESTRICTED GRANT INCOM

    total $33,430 · related or exempt $33,430

  • 11b · Other revenue: RENT INCOME

    total $32,378 · related or exempt $32,378

  • 11c · Other revenue: OTHER MISC INCOME

    total $2,473 · related or exempt $2,473

  • 11d · All other revenue

    total $2,258 · related or exempt $2,258

  • 11e · Other revenue, total

    $70,539

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $256,633 · program services $192,475 · management and general $64,158

  • 7 · Other salaries and wages

    total $640,359 · program services $480,269 · management and general $160,090

  • 8 · Pension plan contributions

    total $67,609 · program services $50,707 · management and general $16,902

  • 9 · Other employee benefits

    total $94,296 · program services $70,722 · management and general $23,574

  • 10 · Payroll taxes

    total $68,363 · program services $51,272 · management and general $17,091

  • 11c · Fees: accounting

    total $150,757 · program services $113,068 · management and general $37,689

  • 11g · Fees: other

    total $29,604 · program services $22,203 · management and general $7,401

  • 12 · Advertising and promotion

    total $2,117 · program services $1,588 · management and general $529

  • 13 · Office expenses

    total $37,491 · program services $28,118 · management and general $9,373

  • 14 · Information technology

    total $48,975 · program services $36,731 · management and general $12,244

  • 16 · Occupancy

    total $87,341 · program services $65,506 · management and general $21,835

  • 17 · Travel

    total $29,848 · program services $22,386 · management and general $7,462

  • 19 · Conferences, conventions and meetings

    total $280,946 · program services $255,331 · management and general $25,615

  • 22 · Depreciation, depletion and amortization

    total $12,911 · program services $9,683 · management and general $3,228

  • 23 · Insurance

    total $12,037 · program services $9,028 · management and general $3,009

  • 24a · Other expenses: LEASE EXPENSE

    total $8,712 · program services $6,534 · management and general $2,178

  • 24b · Other expenses: EMPLOYEE EXPENSES

    total $7,325 · program services $5,494 · management and general $1,831

  • 24c · Other expenses: REFERENCE MATERIAL

    total $2,428 · program services $1,821 · management and general $607

  • 24d · Other expenses: MISCELLANEOUS

    total $2,216 · program services $1,661 · management and general $555

  • 24e · All other expenses

    total $1,264 · program services $948 · management and general $316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,242,425 · end of year $1,413,808

  • 4 · Accounts receivable

    beginning of year $130,964 · end of year $19,689

  • 9 · Prepaid expenses and deferred charges

    beginning of year $68,895 · end of year $85,363

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

    $1,299,718

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

    $1,276,178

  • 10c · Land, buildings and equipment, net

    beginning of year $36,450 · end of year $23,540

  • 15 · Other assets

    beginning of year $504,347 · end of year $782,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,787 · end of year $42,916

  • 19 · Deferred revenue

    beginning of year $699,518 · end of year $739,410

  • 25 · Other liabilities

    beginning of year $13,208 · end of year $24,916

  • 27 · Net assets without donor restrictions

    beginning of year $1,246,568 · end of year $1,517,723

Mission and programs · 2023

Mission

TO PROMOTE AN ECONOMIC CLIMATE THAT STRENGTHENS THE COMPETITIVENESS OF DELAWARE BUSINESSES AND BENEFITS CITIZENS OF THE STATE. THE CHAMBER WILL PROVIDE SERVICES MEMBERS WANT; IT WILL SERVE AND BE RECOGNIZED AS THE PRIMARY RESOURCE ON MATTERS AFFECTING COMPANIES OF ALL SIZES; AND IT WILL BE THE LEADING ADVOCATE FOR BUSINESS WITH GOVERNMENT IN DELAWARE.

Activities or mission (Part I)

TO IMPROVE BUSINESS RELATIONS IN DELAWARE

  • ANNUAL DINNER EVENT - THE DELAWARE STATE CHAMBERS LARGEST NETWORK EVENT WITH DELAWARE'S BUSINESS LEADERS. THE EVENT FEATURES A WELL KNOWN KEYNOTE SPEAKER, DINNER AND PRESENTATION OF THE JOSIAH MARVEL CUP AWARD TO THE DELAWARE BUSINESS LEADER OR PROMINENT PERSON WHO MAKES SIGNIFICANT CONTRIBUTIONS TO THE STATE.

    Expenses $141,543 · Revenue $612,815

  • SUPERSTARS IN BUSINESS EVENT - RECOGNITION LUNCHEON FOR SMALL BUSINESS OWNERS AND NON-PROFITS. MEMBERS DESCRIBE WHAT'S SPECIAL ABOUT THEIR SMALL BUSINESS; EACH BUSINESS IS CONFIDENTIALLY REVIEWED BY A PANEL OF ACCOMPLISHED BUSINESS LEADERS WHO CHOOSE DELAWARE'S SUPERSTARS IN BUSINESS. THE EXPERIENCE ALSO PROVIDES FEEDBACK ABOUT THE APPLICANT'S BUSINESS. AWARDS ARE PRESENTED AT THE LUNCHEON ALONG WITH A VIDEO THAT SHOWCASES THE BUSINESS.

    Expenses $36,942 · Revenue $70,537

  • BUSINESS RELATIONS AND COMMUNITY SERVICES.

    Expenses $1,247,060 · Revenue $1,172,943

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

Listed in Part VII

  • CATHERINE M BASSETT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE CHAMBLISS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON D GONZALEZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN C GOODEN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARIE HOLLIDAY

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TOM HORNE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATALIE KEEFER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS P LAMBROW

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RODGER LEVENSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARBARA MCCULLOUGH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A MEOLI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS A MORIELLO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANICE E NEVIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAVERNE HARMON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW COTTONE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE QUARANTA

    PRESIDENT

    Total calculated
    $275,660
    From this org
    $270,623
    From related orgs
    $0
    Other
    $5,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,623
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,037
    Filer's total
    $275,660

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

None.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.1
Source object
202412419349301851

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.