Stoneham Chamber Of Commerce Inc

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

EIN: 042936730 ✦ Stoneham, MA ✦ Designated as a 501(c)(6)

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Overview

What is Stoneham Chamber Of Commerce Inc?

Stoneham Chamber of Commerce Inc is a small, nonprofit organization situated in Stoneham, Massachusetts, specifically at 335 MAIN ST - STE 202. The primary objective of this organization is to enhance the civic well-being of the local businesses and residents in Stoneham and its surrounding community. They achieve this through various activities, including hosting an annual Town Day festival to celebrate the community. With a team of just two dedicated individuals, they strive to promote a thriving and connected community.

Is Stoneham Chamber Of Commerce Inc legitimate?

Stoneham Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Stoneham Chamber Of Commerce Inc 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: $58,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,513

For more financial information, click here

What is the mission statement of Stoneham Chamber Of Commerce Inc?

The Stoneham Chamber of Commerce Inc's mission is centered around promoting the well-being of both businesses and residents within its community. It aims to enhance the civic welfare of this community and its surrounding areas. As a means to achieve this, they organize events and initiatives, such as the annual Town Day, which serves as a day-long celebration to foster a sense of unity and camaraderie within the Stoneham community.

Who is the CEO of Stoneham Chamber Of Commerce Inc?

Megan Day is the Executive Director of Stoneham Chamber Of Commerce Inc.

What is the revenue of Stoneham Chamber Of Commerce Inc?

Stoneham Chamber Of Commerce Inc's revenue in 2022 was $201,960.

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

The average compensation at Stoneham Chamber Of Commerce Inc during 2022 was $38,756. There are 2 employees at Stoneham Chamber Of Commerce Inc.


Here are 6 key members and their salaries:


Megan Day (Executive Director)
  • Compensation: $58,000
  • Related: $0
  • Other: $0
Eric Bergstrom (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica St Cyr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Buxton (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Senna (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karyn Millerick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Stoneham Chamber Of Commerce Inc?

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

Mission Statement of Stoneham Chamber Of Commerce Inc

The Stoneham Chamber of Commerce Inc, as stated in its mission, is dedicated to promoting the civic welfare of the businesses and residents in the Stoneham community and its surrounding areas. This nonprofit organization strives to enhance the overall well-being of its local businesses and residents, working towards their collective betterment.

The primary goal of Stoneham Chamber of Commerce Inc is to foster a strong and prosperous community. By promoting civic welfare, the organization aims to create an environment where businesses can thrive and residents can enjoy a high quality of life. This mission is exemplified in their annual Town Day festival, a day-long celebration that brings the Stoneham community together, promoting unity and camaraderie.

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Impact




October, 2024

The Stoneham Chamber of Commerce Inc plays a pivotal role in enhancing the civic welfare of both local businesses and residents in Stoneham and the surrounding community. By promoting community engagement and support for local enterprises, the Chamber fosters a vibrant economic environment that benefits everyone.

One of its key initiatives is Town Day, a day-long festival designed to celebrate the Stoneham community. This event not only brings together residents to celebrate local culture and achievements but also creates opportunities for businesses to showcase their services and products. Through activities like Town Day, the Chamber strengthens community ties, encourages local patronage, and ultimately contributes to the overall improvement of the area.

The Chamber's commitment to promoting civic welfare impacts various aspects of life in Stoneham, from enhancing local commerce to fostering a sense of pride and connection among residents. Its efforts are crucial in driving economic growth and sustainability while ensuring that the interests of the community are front and center.




This information is meant to be a general summary of Stoneham Chamber Of Commerce Inc. 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
$201,960 (2022)
Expenses
$200,841 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $142
  • Program Service Revenue: $84,545
  • Gross Receipts: $218,931

Assets and Liabilities:

  • Total Assets: $119,031
  • Total Liabilities: $43,365
  • Net Assets: $75,666

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Programs

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

BANNER PROGRAM

Revenue

$6,300

COMMON LIGHTING

Revenue

$9,745

CONCERT SERIES

Revenue

$9,700

GIFT CERTIFICATE PROGRAM

Revenue

$6,234

TOWN DAY

Revenue

$42,606

Organization Details

Founding Year

1984

Principal Officer

Megan Day

Main Address

335 MAIN ST - STE 202, STONEHAM, MA, 02180

NTEE Category

Code: S41 - Community improvement

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