Form 990 for tax year 2024
Filed by GREATER BOSTON CHAMBER OF COMMERCE FOUNDATION INC.
Totals
- Total revenue
- $851,626
- Total expenses
- $1,161,643
- Contributions and grants received
- $11,300
- Grants paid
- $0
- Program service revenue
- $840,326
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $763,288
- Total liabilities, end of year
- $96,769
- Net assets or fund balances, end of year
- $666,519
- Program services expenses (Part IX)
- $1,095,033
- Management and general expenses
- $50,000
- Fundraising expenses
- $16,610
- Program service expenses (Part III)
- $1,095,033
Program services were 94.3% 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.
-
1f · All other contributions, gifts and grants
$11,300
-
1g · Noncash contributions included above
$11,300
-
2a · Program service revenue: PACESETTERS, FUN, CITY
total $485,574 · excluded $485,574
-
2b · Program service revenue: SMALL BUSINESS STRONG,
total $354,752 · excluded $354,752
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $22,190 · management and general $22,190
-
11c · Fees: accounting
total $15,000 · management and general $15,000
-
11g · Fees: other
total $306,581 · program services $295,000 · fundraising $11,581
-
12 · Advertising and promotion
total $22,469 · program services $7,395 · management and general $10,045 · fundraising $5,029
-
13 · Office expenses
total $2,127 · management and general $2,127
-
19 · Conferences, conventions and meetings
total $13,651 · program services $13,651
-
24a · Other expenses: FUN, CITY AWAKE & PACES
total $697,336 · program services $697,336
-
24b · Other expenses: SMALL BUSINESS STRONG E
total $61,103 · program services $61,103
-
24c · Other expenses: MISCELLANEOUS
total $9,396 · program services $9,396
-
24d · Other expenses: PRINTING
total $6,146 · program services $5,508 · management and general $638
-
24e · All other expenses
total $5,644 · program services $5,644
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,012,176 · end of year $685,924
-
4 · Accounts receivable
end of year $64,500
-
9 · Prepaid expenses and deferred charges
beginning of year $3,600 · end of year $12,864
-
17 · Accounts payable and accrued expenses
beginning of year $149,704 · end of year $59,858
-
19 · Deferred revenue
beginning of year $31,000
-
25 · Other liabilities
beginning of year $37,500 · end of year $36,911
-
27 · Net assets without donor restrictions
beginning of year $780,164 · end of year $503,824
-
28 · Net assets with donor restrictions
beginning of year $17,408 · end of year $162,695
Mission and programs · 2024
Mission
TRANSFORM THE LIVES OF CURRENT AND FUTURE RESIDENTS BY LEVERAGING THE COMMONWEALTH'S UNTAPPED TALENT, CHAMPIONING SMALL BUSINESSES AND CREATING TOMORROW'S LEADERS IN SUPPORT OF A 21ST CENTURY ECONOMY
Activities or mission (Part I)
TO TRANSFORM THE LIVES OF CURRENT AND FUTURE RESIDENTS BY LEVERAGING THE COMMONWEALTH'S UNTAPPED TALENT, CHAMPIONING SMALL BUSINESSES AND CREATING TOMORROW'S LEADERS IN SUPPORT OF A 21ST CENTURY ECONOMY
-
CIVIC PROJECTS - FUND PROJECTS WHICH ARE CONSISTENT WITH THE PURPOSES FOR WHICH THE CORPORATION WAS CREATED: PUBLIC HEALTH, EDUCATION AND SOCIAL WELFARE.
Expenses $1,095,033 · Revenue $851,626
As filed on the 2024 return.
Listed in Part VII
-
Abigail PaulABIGAIL PAUL
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Yvonne GarciaYVONNE GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Melissa Sampson McMorrowMELISSA SAMPSON MCMORROW
CLERK
- Total calculated
- $0
- Hours/week
- 0.2
-
Sandra EdgerleySANDRA EDGERLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Vikki SpruillVIKKI SPRUILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
J Kevin BynoeJ KEVIN BYNOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
James E RooneyJAMES E ROONEY
PRESIDENT/CHAIRMAN
- Total calculated
- $816,268
- From this org
- $0
- From related orgs
- $787,894
- Other
- $28,374
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $0 + $548,809 related
- Bonus
- $0 + $239,085 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $28,374 related
- Filer's total
- $0 + $816,268 related
-
Celia RichaCELIA RICHA
SENIOR VP, STRATEGIC INITI
- Total calculated
- $272,478
- From this org
- $0
- From related orgs
- $239,625
- Other
- $32,853
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $200,625 related
- Bonus
- $0 + $39,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $32,853 related
- Filer's total
- $0 + $272,478 related
-
Beilei HuangBEILEI HUANG
SENIOR DIRECTOR, FINANCE &
- Total calculated
- $182,934
- From this org
- $0
- From related orgs
- $154,808
- Other
- $28,126
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $129,808 related
- Bonus
- $0 + $25,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $28,126 related
- Filer's total
- $0 + $182,934 related
-
Benjamin StuartBENJAMIN STUART
VP, FINANCE & TECHNOLOGY
- Total calculated
- $208,817
- From this org
- $0
- From related orgs
- $178,115
- Other
- $30,702
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $152,115 related
- Bonus
- $0 + $26,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $30,702 related
- Filer's total
- $0 + $208,817 related
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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
THE GREATER BOSTON CHAMBER OF COMMERCE
501C3 · DRIVING MEMBERSHIP FOR THE GREATER BOSTON CHAMBER OF COMMERCE · MA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533189349314548
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