Totals
- Total revenue
- $1,773,837
- Total expenses
- $1,797,581
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,721,212
- Investment income
- $35,098
- Other revenue
- $17,527
- Total assets, end of year
- $2,070,370
- Total liabilities, end of year
- $424,934
- Net assets or fund balances, end of year
- $1,645,436
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
total $634,859 · related or exempt $634,859
-
2b · Program service revenue: PUBLICATIONS
total $286,944 · unrelated business $286,944
-
2c · Program service revenue: EVENTS
total $265,185 · related or exempt $265,185
-
2d · Program service revenue: MANAGEMENT CONTRACTS
total $208,937 · related or exempt $208,937
-
2e · Program service revenue: PROGRAM REVENUE
total $162,745 · related or exempt $162,745
-
2f · All other program service revenue
total $162,542 · unrelated business $162,542
-
3 · Investment income
total $51,786 · excluded $51,786
-
6a · Gross rents
real property $10,800
-
6c · Rental income or loss
real property $10,800
-
6d · Net rental income or loss
total $10,800 · excluded $10,800
-
7b · Less cost or other basis and sales expenses
other assets $16,688
-
7c · Gain or loss
other assets -$16,688
-
7d · Net gain or loss
total -$16,688 · related or exempt -$16,688
-
11a · Other revenue: OTHER INCOME
total $6,727 · related or exempt $6,727
-
11e · Other revenue, total
$6,727
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $196,942
-
7 · Other salaries and wages
total $888,322
-
8 · Pension plan contributions
total $33,515
-
9 · Other employee benefits
total $57,467
-
10 · Payroll taxes
total $80,487
-
11c · Fees: accounting
total $9,880
-
11g · Fees: other
total $23,397
-
12 · Advertising and promotion
total $127,021
-
13 · Office expenses
total $30,689
-
14 · Information technology
total $108,422
-
16 · Occupancy
total $44,630
-
17 · Travel
total $19,741
-
19 · Conferences, conventions and meetings
total $102,349
-
22 · Depreciation, depletion and amortization
total $14,090
-
23 · Insurance
total $15,022
-
24a · Other expenses: MISCELLANEOUS
total $15,867
-
24b · Other expenses: INCOME TAX EXPENSE
total $11,851
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $11,349
-
24d · Other expenses: INCOME TAXES
total $1,893
-
24e · All other expenses
total $4,647
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $500 · end of year $500
-
2 · Savings and temporary cash investments
beginning of year $673,075 · end of year $620,459
-
4 · Accounts receivable
beginning of year $64,362 · end of year $127,642
-
9 · Prepaid expenses and deferred charges
beginning of year $22,050 · end of year $16,738
-
10a · Land, buildings and equipment: cost or other basis
$706,922
-
10b · Land, buildings and equipment: accumulated depreciation
$366,912
-
10c · Land, buildings and equipment, net
beginning of year $370,787 · end of year $340,010
-
11 · Investments: publicly traded securities
beginning of year $854,359 · end of year $965,021
-
17 · Accounts payable and accrued expenses
beginning of year $79,358 · end of year $91,554
-
19 · Deferred revenue
beginning of year $361,727 · end of year $333,380
-
24 · Unsecured notes and loans payable
beginning of year $4,338
-
27 · Net assets without donor restrictions
beginning of year $1,539,710 · end of year $1,645,436
Mission and programs · 2023
Mission
TO ADVANCE THE VERMONT ECONOMY BY WORKING AND SUPPORTING A VIBRANT BUSINESS CLIMATE WITH A LENS OF DIVERSITY, EQUITY, AND INCLUSION. WE ADVOCATE, BUILD COMMUNITY, AND PROVIDE RESOURCES FOR BUSINESSES STATEWIDE.
-
TRAVEL AND TOURISM: THE CHAMBER PUBLISHES AND DISTRIBUTES ONE TOURISM GUIDEBOOK ANNUALLY, THE VERMONT ANNUAL INSPIRATION GUIDE, AND MANAGES A STATEWIDE TOURISM BUSINESS DIRECTORY. MEMBERS AND NON-MEMBERS CAN PURCHASE ADVERTISEMENTS AND LISTINGS IN THE MAGAZINE AND DIRECTORY, WHICH ARE BOTH PRINT AND WEB-BASED. MEMBERS ARE PROVIDED A DISCOUNT AS A BENEFIT OF MEMBERSHIP, WHICH FURTHERS THE CHAMBER'S MISSION TO CREATE AN ECONOMIC CLIMATE CONDUCIVE TO BUSINESS GROWTH. EXPENSES RELATED TO TRAVEL AND TOURISM CONSIST PRIMARILY OF PRINTING AND DISTRIBUTION COSTS, AS WELL AS THE SALARIES AND BENEFITS FOR ADVERTISING SALES AND SUPPORT STAFF.
-
EVENTS: THE CHAMBER HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR, GENERATING REVENUE FROM SPONSORSHIPS, EXHIBITION BOOTH SALES AND GENERAL ADMISSION. THE LARGEST EVENTS INCLUDE THE VERMONT ECONOMIC CONFERENCE, THE MANUFACTURING SUMMIT AND THE CITIZEN OF THE YEAR AWARDS. EXPENSES RELATED TO EVENTS ARE RELATED TO EVENT MANAGEMENT AND SUPPORT PERSONNEL, AS WELL AS FACILITY RENTAL, CATERING AND PROMOTIONAL COSTS.
-
MEMBERSHIP: THE CHAMBER'S MEMBERSHIP BASE IS COMPRISED OF ROUGHLY 1,000 VERMONT BUSINESSES THAT PAY DUES ANNUALLY IN AN AMOUNT BASED ON THE SIZE OF THE BUSINESS. MEMBERSHIP PROGRAM EXPENSES CONSIST PRIMARILY OF THOSE RELATING TO SALES PERSONNEL AND MEMBER RECRUITMENT AND RETENTION.
-
GOVERNMENTAL AFFAIRS: THERE ARE FOUR LOBBYISTS EMPLOYED BY THE CHAMBER WHO ADVOCATE ON BEHALF OF VERMONT BUSINESSES ON ISSUES IDENTIFIED AS IMPORTANT TO MEMBERS. THIS IS VIEWED AS A SIGNIFICANT BENEFIT OF MEMBERSHIP IN THE CHAMBER AND DOES NOT GENERATE DIRECT REVENUE. EXPENSES ARE PRIMARILY PERSONNEL-RELATED, AND ALSO INCLUDE ANY OUTSIDE CONSULTING FEES PAID. VACE: THE CHAMBER WAS THE ADMINISTRATOR FOR THE VACE INSURANCE PROGRAM, A GROUP DENTAL AND VISION INSURANCE ASSOCIATION PLAN. THE VACE ASSOCIATION PLAN COVERED NEARLY 1,000 SMALL BUSINESSES IN VERMONT. ALL PREMIUM BILLING, ENROLLMENTS AND CUSTOMER SERVICE WERE HANDLED BY THE CHAMBER STAFF. REVENUE TO THE CHAMBER WAS IN THE FORM OF MONTHLY ADMINISTRATIVE CONTRACT FEES BASED ON THE NUMBER OF SUBSCRIBERS AT THE END OF EACH MONTH. EXPENSES RELATE TO SALARIES, BENEFITS AND POSTAGE.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bethany BishopBETHANY BISHOP
PRESIDENT/SE
- Total calculated
- $217,512
- From this org
- $197,163
- From related orgs
- $0
- Other
- $20,349
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $197,163
- Bonus
- not reported
- Other
- not reported
- Deferred
- $7,887
- Nontaxable benefits
- $12,462
- Filer's total
- $217,512
-
Tom DunnTOM DUNN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon RossiSHARON ROSSI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy AustinKATHY AUSTIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Betsy BishopBETSY BISHOP
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Peter McDougallPETER MCDOUGALL
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 1
-
Will DoctoWILL DOCTO
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 1
-
Kim DonahueKIM DONAHUE
EXECUTIVE CO
- Total calculated
- $0
- Hours/week
- 1
-
Alberto AguilarALBERTO AGUILAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brendon BloodBRENDON BLOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Walter FrameWALTER FRAME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shireen HartSHIREEN HART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly KrayewskyKELLY KRAYEWSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslee MacKenzieLESLEE MACKENZIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve GagnerSTEVE GAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris KarrCHRIS KARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sue BetteSUE BETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mane AlvesMANE ALVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teresa KajenskiTERESA KAJENSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roger NishiROGER NISHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
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.
-
VT CHAMBER OF COMMERCE SERVICES INC
C CORP · INS CONS. · VT
Directly controlled by VT CHAMBER
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511919349300521
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