Overview
What is Mystic Chamber Of Commerce Inc?
Mystic Chamber of Commerce Inc, based in Mystic, Connecticut, is a thriving nonprofit organization with a mission to support and promote business growth among its members. Nestled at 22 EAST MAIN ST - 2ND FLOOR, this community-focused organization plays an active role in connecting the towns of Stonington and Groton, offering a platform for local businesses to showcase their products and services. Through sponsoring local festivals and organizing business meetings and functions, they provide valuable opportunities for member education and networking. With a dedicated team of 10 employees, Mystic Chamber of Commerce Inc continually strives to address the concerns of the Mystic business community and contribute positively to the region.
Official website here: www.mysticchamber.org
Is Mystic Chamber Of Commerce Inc legitimate?
Mystic Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mystic 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: $87,770
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,791
For more financial information, click here
Official website here: www.mysticchamber.org
What is the mission statement of Mystic Chamber Of Commerce Inc?
The Mystic Chamber of Commerce Inc's mission is centered around fostering and promoting business growth among its members. The organization aims to actively engage in the community, serving as a bridge between the towns of Stonington and Groton, Connecticut. Its primary objective is to address the concerns of the Mystic business community. To accomplish this, the chamber sponsors local festivals, providing a platform for members to showcase their products and services. Additionally, they organize business meetings and functions, fostering education among members and offering networking opportunities.
Official website here: www.mysticchamber.org
Who is the CEO of Mystic Chamber Of Commerce Inc?
Bruce Flax is the Chair of Mystic Chamber Of Commerce Inc.
Official website here: www.mysticchamber.org
What is the revenue of Mystic Chamber Of Commerce Inc?
Mystic Chamber Of Commerce Inc's revenue in 2022 was $676,826.
Official website here: www.mysticchamber.org
Who are the executives of Mystic Chamber Of Commerce Inc and what are their salaries?
The average compensation at Mystic Chamber Of Commerce Inc during 2022 was $20,156. There are 10 employees and 25 volunteers at Mystic Chamber Of Commerce Inc.
Here are 5 key members and their salaries:
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Official website here: www.mysticchamber.org
Where can I find the form 990 for Mystic Chamber Of Commerce Inc?
Mystic Chamber Of Commerce Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mysticchamber.org
Learn more at the official website: www.mysticchamber.org
Mission Statement of Mystic Chamber Of Commerce Inc
Mystic Chamber of Commerce Inc, a distinguished organization, is dedicated to fostering and promoting business growth among its members. Its mission extends beyond this, as it also aims to play an active role in the community, bridging the towns of Stonington and Groton in Connecticut. The organization serves as a platform to address the concerns of the Mystic business community.
To achieve its mission, Mystic Chamber of Commerce Inc engages in various activities. One of its key initiatives is sponsoring local festivals. These events allow members to showcase their products and services, providing a platform for networking and marketing opportunities. Furthermore, the organization organizes business meetings and functions to foster education among its members. These events offer a space for members to learn, share insights, and network, ultimately contributing to the growth and success of their businesses.
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Impact
October, 2024
Mystic Chamber of Commerce Inc plays a vital role in enhancing the local business landscape and fostering community connections in the Mystic area. By promoting commerce among its members, it helps stimulate the local economy and supports the growth of businesses in Stonington and Groton, Connecticut.
The organization actively engages in community initiatives, organizing local festivals that showcase the products and services of area businesses. These events not only highlight what the businesses have to offer but also draw in visitors, creating a vibrant atmosphere that benefits the entire community. Additionally, the Chamber organizes valuable business meetings and networking opportunities that facilitate education and collaboration among members, equipping them with the knowledge and connections needed to thrive.
Through its commitment to addressing the concerns of the Mystic business community, the Mystic Chamber of Commerce Inc fosters a supportive environment that encourages dialogue and collective problem-solving. Overall, its impact is reflected in a stronger, more interconnected community where businesses and residents alike can flourish.
This information is meant to be a general summary of Mystic 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $32
- Program Service Revenue: $262,464
- Gross Receipts: $676,826
Assets and Liabilities:
- Total Assets: $225,226
- Total Liabilities: $1,847
- Net Assets: $223,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MERCHANDISE SALES
Revenue
$102,637
EVENT TICKET SALES
Revenue
$94,438
PROGRAMS & EVENTS
Revenue
$65,389
Organization Details
Founding Year
1937
Phone
(860) 572-9578Principal Officer
Bruce Flax
Main Address
22 EAST MAIN ST - 2ND FLOOR, MYSTIC, CT, 06355
Website
www.mysticchamber.orgNTEE Category
Code: S41 - Community improvement
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