Delaware Small Business Chamber Inc

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

EIN: 454428335 ✦ Newark, DE ✦ Designated as a 501(c)(6)

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Overview

What is Delaware Small Business Chamber Inc?

Delaware Small Business Chamber Inc is a chamber of commerce situated in Newark, Delaware, specifically at 700 Capitol Trail Ste 11F. Their primary mission is to assist small business owners in kickstarting and growing their enterprises by offering resources for networking opportunities. They have showcased this commitment through initiatives like organizing the FunFest event, which features a kid's zone, music, entertainment, food vendors, and a taco cook-off competition. Additionally, the chamber has played a role in helping small businesses secure state and federal grants during the pandemic and has collaborated with organizations such as the SBA Score to provide further support. During FunFest, they even had a police mounted patrol and attracted over 1200 attendees.


Official website here: www.dsbchamber.com

Is Delaware Small Business Chamber Inc legitimate?

Delaware Small Business Chamber Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Delaware Small Business Chamber 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: $9,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.dsbchamber.com

What is the mission statement of Delaware Small Business Chamber Inc?

The Delaware Small Business Chamber Inc serves as a resource hub for small business owners, assisting them in commencing and expanding their ventures. Its mission involves connecting small businesses with potential grants, particularly during times of crisis like the COVID-19 pandemic. The chamber collaborates with organizations such as the SBA Score and others to facilitate this process. Furthermore, the Delaware Small Business Chamber Inc fosters networking opportunities among small business owners, enabling them to expand their businesses. As an additional service, the chamber organizes events like FunFest, which features small business vendors, a kid's zone, music, entertainment, food vendors, and a taco cook-off competition, attracting over 1200 attendees and including a police mounted patrol for safety.


Official website here: www.dsbchamber.com

Who is the CEO of Delaware Small Business Chamber Inc?

Robert M Older is the President of Delaware Small Business Chamber Inc.


Official website here: www.dsbchamber.com

What is the revenue of Delaware Small Business Chamber Inc?

Delaware Small Business Chamber Inc's revenue in 2022 was $115,594.


Official website here: www.dsbchamber.com

Who are the executives of Delaware Small Business Chamber Inc and what are their salaries?


Here are 4 key members and their salaries:


Robert M Older (President)
  • Compensation: $750
  • Related: $0
  • Other: $0
Michael Kelly (Chair 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Fitzgerald (Vice Chair 2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Menser (Secretarytreasure 22)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.dsbchamber.com

Where can I find the form 990 for Delaware Small Business Chamber Inc?

Delaware Small Business Chamber Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dsbchamber.com

Learn more at the official website: www.dsbchamber.com

Mission Statement of Delaware Small Business Chamber Inc

Delaware Small Business Chamber Inc, a chamber of commerce, is dedicated to assisting small business owners in their endeavors. Its mission is twofold: firstly, it aims to help new businesses get off the ground by providing resources for connection and collaboration. Secondly, it assists existing small businesses in their growth by facilitating access to state and federal grants. To accomplish these goals, the chamber has partnered with organizations such as SBA Score and others.

In addition to these services, Delaware Small Business Chamber Inc also fosters a sense of community among its members. One of its initiatives is the annual FunFest event, which features small business vendors, a kids' zone for family fun, music, entertainment, and a taco cook-off competition. This event attracts over 1200 people, providing a platform for small businesses to showcase their products and services while engaging with the community. The chamber's efforts in organizing such events not only boosts business but also strengthens the local economy and fosters a sense of unity among small business owners.

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Impact




October, 2024

Delaware Small Business Chamber Inc significantly impacts local entrepreneurs and the community by providing essential resources and support for small business development. Their initiatives help small business owners connect with each other, enabling collaboration and networking that fosters growth and innovation.

One of their standout events, FunFest, not only showcases small business vendors but also creates a vibrant community atmosphere. The event features a Kid's zone, music, entertainment, food vendors, and a taco cook-off competition, successfully drawing over 1,200 attendees and promoting local businesses in a festive setting.

Additionally, Delaware Small Business Chamber plays a crucial role in assisting small businesses in obtaining state and federal grants, particularly in response to challenges posed by the COVID-19 pandemic. By partnering with organizations like the SBA and SCORE, they facilitate the startup process and provide guidance to aspiring entrepreneurs. Their commitment to community improvement through supporting small businesses ultimately contributes to the economic vitality of Newark, Delaware, and beyond.




This information is meant to be a general summary of Delaware Small Business Chamber 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
$115,594 (2022)
Expenses
$77,251 (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: $115,594
  • Gross Receipts: $115,594

Assets and Liabilities:

  • Total Assets: $72,377
  • Total Liabilities: $19,000
  • Net Assets: $53,377

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Programs

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

Membership

Revenue

$97,751

Organization Details

Founding Year

2011

Principal Officer

Robert M Older

Main Address

700 Capitol Trail Ste 11F, Newark, DE, 19711

NTEE Category

Code: S41 - Community improvement

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