Form 990 for tax year 2023
Filed by NEW CASTLE COUNTY CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,262,017
- Total expenses
- $1,357,256
- Contributions and grants received
- $471,867
- Grants paid
- $0
- Program service revenue
- $787,311
- Investment income
- $2,839
- Other revenue
- $0
- Total assets, end of year
- $1,193,135
- Total liabilities, end of year
- $246,880
- Net assets or fund balances, end of year
- $946,255
- Program services expenses (Part IX)
- $1,144,585
- Management and general expenses
- $212,671
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $1,144,585
Program services were 84.3% 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.
-
1b · Membership dues
$471,867
-
2a · Program service revenue: PROGRAM FEES
total $268,807 · related or exempt $268,807
-
2b · Program service revenue: MANAGEMENT FEES
total $285,000 · related or exempt $285,000
-
2c · Program service revenue: SPONSORSHIPS
total $233,504 · related or exempt $233,504
-
3 · Investment income
total $2,839 · excluded $2,839
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $211,594 · program services $190,435 · management and general $21,159
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $398,657 · program services $358,791 · management and general $39,866
-
8 · Pension plan contributions
total $33,101 · program services $29,791 · management and general $3,310
-
9 · Other employee benefits
total $22,445 · program services $20,200 · management and general $2,245
-
10 · Payroll taxes
total $48,047 · program services $43,242 · management and general $4,805
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $39,750 · program services $26,235 · management and general $13,515
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $51,849 · program services $34,220 · management and general $17,629
-
12 · Advertising and promotion
total $4,618 · program services $3,694 · management and general $924
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $154,072 · program services $137,377 · management and general $16,695
-
17 · Travel
total $9,012 · program services $5,948 · management and general $3,064
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $13,980 · program services $9,227 · management and general $4,753
-
23 · Insurance
total $19,635 · program services $16,690 · management and general $2,945
-
24a · Other expenses: MEMBER PROGRAMS
total $156,213 · program services $148,469 · management and general $7,744
-
24b · Other expenses: GOVERNMENT AFFAIRS
total $96,241 · program services $63,519 · management and general $32,722
-
24c · Other expenses: OTHER
total $36,961 · program services $30,418 · management and general $6,543
-
24d · Other expenses: BAD DEBT EXPENSE
total $27,500 · management and general $27,500
-
24e · All other expenses
total $33,581 · program services $26,329 · management and general $7,252
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $841,594 · end of year $656,751
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $64,695 · end of year $70,900
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $12,778 · end of year $6,507
-
10a · Land, buildings and equipment: cost or other basis
$707,206
-
10b · Land, buildings and equipment: accumulated depreciation
$663,423
-
10c · Land, buildings and equipment, net
beginning of year $57,763 · end of year $43,783
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $409,900 · end of year $415,194
-
17 · Accounts payable and accrued expenses
beginning of year $98,729 · end of year $81,913
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $128,477 · end of year $116,554
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $118,030 · end of year $48,413
-
27 · Net assets without donor restrictions
beginning of year $1,041,494 · end of year $946,255
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
CREATE BUSINESS DEVELOPMENT OPPORTUNITIES FOR OUR MEMBERS AND ADVOCATE FOR STRONG AND STABLE ECONOMIC CLIMATE.
-
THE NEW CASTLE COUNTY CHAMBER OF COMMERCE PROVIDES SERVICES TO APPROXIMATELY 1,000 MEMBERS. THE NEW CASTLE COUNTY CHAMBER OF COMMERCE CONTINUES ITS INVOLVEMENT IN GOVERNMENT AFFAIRS, SPECIAL BUSINESS EVENTS AND OVERSEES BUSINESS SPECIFIC PROGRAMS.
Expenses $1,144,585 · Revenue $787,311
As filed on the 2023 return.
Listed in Part VII
-
BOB CHADWICK
PRESIDENT
- Total calculated
- $222,174
- From this org
- $211,594
- From related orgs
- $0
- Other
- $10,580
- Hours/week
- 40 + 3 related
Schedule J breakdown matched by us
- Base
- $151,594
- Bonus
- $60,000
- Other
- $0
- Deferred
- $10,580
- Nontaxable benefits
- $0
- Filer's total
- $222,174
-
Pamela J Scott
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Rick LaPenta
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Christine Mantegna
FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Alexandra Parkowski
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3 + 0.5 related
-
Bill Holloway AIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Bryon Short
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dick Martin
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Doug Azar
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jeffrey Martino
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jennifer Cohan
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Katie McEvoy
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lisa Alvino
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lisa Himber
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
M Sherm Porter
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mark Brindle
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mary Kate Campbell
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Matt Lantagne
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Monica Eboda
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Pablo Velazquez
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Paul Bryant
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Randi Licciardello
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Vere Archibald
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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 · Compensation survey or study
- 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
The filer's explanations (Part III)
- PART I, LINE 3:
- THE DETERMINATION OF THE COMPENSATION OF THE PRESIDENT OF THE NEW CASTLE COUNTY CHAMBER OF COMMERCE WAS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS REVIEW INCLUDED MANY FACTORS, ONE OF WHICH WAS A DETAILED COMPARABILITY STUDY OF SIMILAR POSITIONS WITHIN THE SURROUNDING AREA.
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.
-
emerging enterprises center inc
501(C)(3) · business supp · DE
Directly controlled by new castle
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.
-
C Corp · group insurance · DE · 100% owned · share of income $275,555 · share of assets $932,183
Directly controlled by ncccc
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423189349306657
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