Form 990 for tax year 2022
Filed by MERRIMACK VALLEY CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $589,728
- Total expenses
- $612,786
- Contributions and grants received
- $91,941
- Grants paid
- $0
- Program service revenue
- $469,758
- Investment income
- $2,374
- Other revenue
- $25,655
- Total assets, end of year
- $993,978
- Total liabilities, end of year
- $338,029
- Net assets or fund balances, end of year
- $655,949
- 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.
-
1c · Fundraising events
$55,541
-
1e · Government grants (contributions)
$36,400
-
2a · Program service revenue: MEMBERSHIP DUES
total $339,778 · related or exempt $339,778
-
2b · Program service revenue: FORUMS, SEMINARS & EVE
total $102,557 · related or exempt $102,557
-
2c · Program service revenue: BUSINESS DIRECTORY
total $14,827 · related or exempt $14,827
-
2d · Program service revenue: NEWSLETTER
total $12,596 · related or exempt $12,596
-
3 · Investment income
total $2,374 · excluded $2,374
-
6a · Gross rents
real property $13,500
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $13,500
-
6d · Net rental income or loss
total $13,500 · related or exempt $13,500
-
8a · Fundraising events: gross income
$36,058
-
8a · Fundraising events: contributions included on line 1c
$55,541
-
8b · Fundraising events: direct expenses
$40,382
-
8c · Net income from fundraising events
total -$4,324 · excluded -$4,324
-
11a · Other revenue: OTHER
total $16,479 · related or exempt $16,479
-
11e · Other revenue, total
$16,479
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $260,413
-
7 · Other salaries and wages
total $143,442
-
8 · Pension plan contributions
total $11,913
-
9 · Other employee benefits
total $9,675
-
10 · Payroll taxes
total $22,929
-
11c · Fees: accounting
total $18,222
-
11g · Fees: other
total $3,268
-
12 · Advertising and promotion
total $3,280
-
13 · Office expenses
total $12,909
-
14 · Information technology
total $7,682
-
16 · Occupancy
total $23,504
-
17 · Travel
total $9,948
-
19 · Conferences, conventions and meetings
total $34,427
-
20 · Interest
total $221
-
22 · Depreciation, depletion and amortization
total $3,516
-
23 · Insurance
total $18,536
-
24a · Other expenses: EQUIPMENT & MAINTENANCE
total $12,593
-
24b · Other expenses: BANK FEES
total $5,734
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $5,517
-
24d · Other expenses: COMMUNITY CONTRIBUTIONS
total $2,561
-
24e · All other expenses
total $2,496
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $216,551 · end of year $332,774
-
2 · Savings and temporary cash investments
beginning of year $379,535 · end of year $324,262
-
3 · Pledges and grants receivable
beginning of year $76,000
-
4 · Accounts receivable
beginning of year $7,783 · end of year $9,496
-
9 · Prepaid expenses and deferred charges
beginning of year $12,483 · end of year $18,567
-
10a · Land, buildings and equipment: cost or other basis
$295,799
-
10b · Land, buildings and equipment: accumulated depreciation
$260,736
-
10c · Land, buildings and equipment, net
beginning of year $20,055 · end of year $35,063
-
12 · Investments: other securities
beginning of year $225,020 · end of year $273,816
-
17 · Accounts payable and accrued expenses
beginning of year $6,171 · end of year $3,238
-
19 · Deferred revenue
beginning of year $116,329 · end of year $148,564
-
23 · Secured mortgages and notes payable
beginning of year $51,700 · end of year $51,700
-
25 · Other liabilities
beginning of year $84,220 · end of year $134,527
-
27 · Net assets without donor restrictions
beginning of year $668,007 · end of year $644,949
-
28 · Net assets with donor restrictions
beginning of year $11,000 · end of year $11,000
Mission and programs · 2022
Mission
THE MERRIMACK VALLEY CHAMBER OF COMMERCE CONDUCTS FORUMS, SEMINARS AND EVENTS WHICH PROMOTE THE BUSINESSES AND GENERAL INTERESTS OF THE COMMUNITY.
-
DEVELOPMENT AND PROMOTION OF COMMERCIAL, FINANCIAL, SOCIAL AND GENERAL BUSINESS INTEREST OF MERRIMACK VALLEY COMMUNITY.
As filed on the 2022 return.
Listed in Part VII
-
Mr Joseph J BevilacquaMR JOSEPH J BEVILACQUA
PRESIDENT/CEO
- Total calculated
- $260,413
- From this org
- $206,810
- From related orgs
- $0
- Other
- $53,603
- Hours/week
- 40 + 0.25 related
Schedule J breakdown matched by us
- Base
- $206,810
- Bonus
- $0
- Other
- $0
- Deferred
- $20,681
- Nontaxable benefits
- $32,922
- Filer's total
- $260,413
-
Mr Michael SullivanMR MICHAEL SULLIVAN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1.5 + 0.25 related
-
Mr Salvatore LupoliMR SALVATORE LUPOLI
CHAIRMAN (UNTIL 1/2022)
- Total calculated
- $0
- Hours/week
- 1.5 + 0.25 related
-
Mr Ken Del RossiMR KEN DEL ROSSI
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Atty Robert W LavoieATTY ROBERT W LAVOIE
CLERK
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Mr Joseph MuracoMR JOSEPH MURACO
CHAIR - ECONOMIC DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Dr Lane GlennDR LANE GLENN
CHAIR - ECONOMIC DEV. (UNTIL 1/2022)
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Mr Cal WilliamsMR CAL WILLIAMS
CHAIR - GOVERNMENT AFFAIRS
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Ms Tricia SabulisMS TRICIA SABULIS
CHAIR - BUSINESS DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Ms Maureen LynchMS MAUREEN LYNCH
CHAIR - EDUCATION/WORKFORCE DEV
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Mr Dennis McCarthyMR DENNIS MCCARTHY
EXECUTIVE COMM. AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Antonio LopezMR ANTONIO LOPEZ
EXECUTIVE COMM. AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr John HowardMR JOHN HOWARD
EXECUTIVE COMM. AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Kimberly AbareMS KIMBERLY ABARE
EXEC. COMM. AT LARGE (UNTIL 1/2022)
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Jane WalshMS JANE WALSH
EXEC. COMM. AT LARGE (UNTIL 1/2022)
- Total calculated
- $0
- Hours/week
- 0.5 + 0.25 related
-
Ms Nancy GardellaMS NANCY GARDELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Derek DavoliMR DEREK DAVOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Joseph DipietroMR JOSEPH DIPIETRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Frank Kenneally IIIMR FRANK KENNEALLY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Ann OrmondMS ANN ORMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Stephanie Messina SewadeMS STEPHANIE MESSINA SEWADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Alex GarciaMR ALEX GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Jonathan DowstMR JONATHAN DOWST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Dennis McCarthyMR DENNIS MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Mitchell KeamyMR MITCHELL KEAMY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr John LavoieMR JOHN LAVOIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Sheila M DohertyMS SHEILA M DOHERTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Nancy CaraceMS NANCY CARACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr William DerosaMR WILLIAM DEROSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Craig JesiolowskiMR CRAIG JESIOLOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Iverson GuoMR IVERSON GUO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Salvatore DefrancoMR SALVATORE DEFRANCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Patrick DriscollMR PATRICK DRISCOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Philip G Aberizk JrMR PHILIP G ABERIZK JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Deborah WilsonMS DEBORAH WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Mark Van WeeldenMR MARK VAN WEELDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Stephen StapinskiMR STEPHEN STAPINSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Brian MohikaMR BRIAN MOHIKA
DIRECTOR (UNTIL 5/2022)
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Melissa Sue Padilla M EdMS MELISSA SUE PADILLA M ED
DIRECTOR (UNTIL 5/2022)
- Total calculated
- $0
- Hours/week
- 0.5
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 · Written employment contract
- 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.
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.
-
MERRIMACK VALLEY CHAMBER FOUNDATION INC
501(C)(3) · EXPENSES INCURRED TO AUGMENT THE SUPPORT SERVICES OF THE LOCAL COMMUNITIES · MA · controlled entity
Directly controlled by MERRIMACK VALLEY CHAMBER OF COMMERCE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323079349303007
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