Somerville Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042038139 ✦ Somerville, MA ✦ Designated as a 501(c)(6)

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Overview

What is Somerville Chamber Of Commerce?

Somerville Chamber of Commerce is a nonprofit organization situated in Somerville, Massachusetts. Their mission is primarily focused on serving their membership and enhancing the city's overall quality of life. Notable activities include organizing member events, engaging in fundraising initiatives, and advocating for relevant causes. Their most significant annual event is a golf fundraising and sponsorship event. With a team of three dedicated employees, they strive to contribute positively to the Somerville community.


Official website here: www.somervillechamber.org

Is Somerville Chamber Of Commerce legitimate?

Somerville Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Somerville Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $98,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,255

For more financial information, click here


Official website here: www.somervillechamber.org

What is the mission statement of Somerville Chamber Of Commerce?

The Somerville Chamber of Commerce's mission is centered around serving its membership while contributing to the enhancement of the community's quality of life. Their significant activities include organizing member events, engaging in fundraising initiatives, and advocating on various issues. The chamber annually hosts a golf fundraising event to support their objectives.


Official website here: www.somervillechamber.org

Who is the CEO of Somerville Chamber Of Commerce?

Stephen Mackey is the President An of Somerville Chamber Of Commerce.


Official website here: www.somervillechamber.org

What is the revenue of Somerville Chamber Of Commerce?

Somerville Chamber Of Commerce's revenue in 2022 was $178,795.


Official website here: www.somervillechamber.org

Who are the executives of Somerville Chamber Of Commerce and what are their salaries?

The average compensation at Somerville Chamber Of Commerce during 2022 was $38,349. There are 3 employees and 50 volunteers at Somerville Chamber Of Commerce.


Here are 3 key members and their salaries:


Stephen Mackey (President An)
  • Compensation: $98,792
  • Related: $0
  • Other: $0
Andrew Lynn (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaskaran Obero (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.somervillechamber.org

Where can I find the form 990 for Somerville Chamber Of Commerce?

Somerville Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.somervillechamber.org

Learn more at the official website: www.somervillechamber.org

Mission Statement of Somerville Chamber Of Commerce

The Somerville Chamber of Commerce, in its mission, is dedicated to serving its membership and enhancing the quality of life in the community. Its significant activities encompass organizing member events, fundraising initiatives, and advocacy efforts. The chamber strives to contribute positively to the community while fostering a strong membership base. One of their notable activities is the annual membership golf fundraising and sponsorship event, which demonstrates their commitment to raising funds and engaging their members in a fun and interactive way.

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Impact




October, 2024

The Somerville Chamber of Commerce plays a vital role in enhancing the quality of life in Somerville, MA, by serving its members and fostering a vibrant local economy. Through a variety of member events, it creates networking opportunities that strengthen business relationships and foster collaboration among local enterprises.

Their annual membership golf fundraising and sponsorship event is a highlight, providing a platform for local businesses to come together, support one another, and raise funds that contribute to community improvement projects. In addition to fostering connections, the Chamber engages in advocacy efforts to represent the interests of local businesses, ensuring their voices are heard in policy discussions that affect the community.

Overall, the Somerville Chamber of Commerce is instrumental in promoting economic growth and enhancing community well-being, making a significant impact on both its members and the city as a whole.




This information is meant to be a general summary of Somerville Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$178,795 (2022)
Expenses
$198,225 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $55,640
  • Gross Receipts: $178,795

Assets and Liabilities:

  • Total Assets: $35,682
  • Total Liabilities: $0
  • Net Assets: $35,682

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ANNUAL ORG. EVENT

Revenue

$28,000

GOLF EVENT

Revenue

$25,840

BUSINESS AFTER HOUR EVENT

Revenue

$1,800

Organization Details

Founding Year

1946

Principal Officer

Stephen Mackey

Main Address

561 WINDSOR ST BMZ 2, SOMERVILLE, MA, 02143

NTEE Category

Code: S41 - Community improvement

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