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Massachusetts Lgbt Chamber Of Commerce

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

EIN: 823342211 ✦ Boston, MA ✦ Designated as a 501(c)(6)

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Overview

What is Massachusetts Lgbt Chamber Of Commerce?

The Massachusetts LGBT Chamber of Commerce is a nonprofit organization committed to fostering economic growth and opportunities for LGBT-owned and allied businesses, organizations, and individuals in Massachusetts. Their mission involves advocating for the LGBT business community across the state and working with corporations to enhance their understanding of LGBT people and business owners, thereby promoting business development. The chamber offers various activities, such as networking events, roundtables, and public launches, providing opportunities for collaboration and supplier diversity inclusion of LGBT businesses. Their ultimate goal is to cultivate inclusive relationships that drive economic impact.


Official website here: www.malgbtcc.org

Is Massachusetts Lgbt Chamber Of Commerce legitimate?

Massachusetts Lgbt Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Massachusetts Lgbt 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: $229,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.malgbtcc.org

What is the mission statement of Massachusetts Lgbt Chamber Of Commerce?

The Massachusetts LGBT Chamber of Commerce works towards creating a fully inclusive state by promoting growth and opportunities for LGBT-owned businesses and allies. The organization serves as an advocate for the LGBT business community across the state. It collaborates with corporations in Massachusetts to increase their understanding of LGBT people and business owners, thereby encouraging business development among them and the chamber's members. The chamber provides opportunities for collaboration and supplier diversity inclusion of LGBT businesses. It fosters meaningful relationships among its members and corporate partners, supporting them in their goals for improvement and championing innovative practices that ensure LGBT inclusion in the marketplace.


Official website here: www.malgbtcc.org

Who is the CEO of Massachusetts Lgbt Chamber Of Commerce?

Grace Moreno is the President of Massachusetts Lgbt Chamber Of Commerce.


Official website here: www.malgbtcc.org

What is the revenue of Massachusetts Lgbt Chamber Of Commerce?

Massachusetts Lgbt Chamber Of Commerce's revenue in 2022 was $1,625,602.


Official website here: www.malgbtcc.org

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

The average compensation at Massachusetts Lgbt Chamber Of Commerce during 2022 was $20,865. There are 11 employees and 50 volunteers at Massachusetts Lgbt Chamber Of Commerce.


Here are 11 key members and their salaries:


James Lopata (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Stager (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susu Wong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Chan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Perkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Winelia Rivera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Wang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ella Samson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Molina-Brantley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grace Moreno (Executive Director)
  • Compensation: $229,519
  • Related: $0
  • Other: $0
Thais Mapstone (Deputy Director)
  • Compensation: $125,394
  • Related: $0
  • Other: $0


Official website here: www.malgbtcc.org

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

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


Official website here: www.malgbtcc.org

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

Mission Statement of Massachusetts Lgbt Chamber Of Commerce

The Massachusetts LGBT Chamber of Commerce, a small yet impactful non-profit organization, is dedicated to promoting a fully inclusive state by fostering growth and opportunities for LGBT-owned businesses, organizations, and individuals. The chamber serves as an advocate for the LGBT business community across the state, working closely with corporations in Massachusetts to enrich their understanding of the LGBT community and encourage business development.

The organization's mission is twofold. Firstly, it aims to build meaningful relationships between its member businesses and corporate partners. These relationships not only help identify opportunities and meet business goals but also strengthen the network of individuals committed to both economic growth and diversity and inclusion. Secondly, the Massachusetts LGBT Chamber of Commerce supports its members and corporate partners in their goals for improvement. Whether it's showcasing their businesses in the best light or creating workplaces that welcome and support LGBT employees and vendors, the chamber is there to assist.

In essence, the Massachusetts LGBT Chamber of Commerce is all about cultivating inclusive relationships that drive economic impact. It achieves this by fostering connections, supporting growth, and championing practices that ensure LGBT inclusion in the marketplace, contributing to the overall growth of the Commonwealth.

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Impact




October, 2024

The Massachusetts LGBT Chamber of Commerce drives significant economic impact by fostering inclusivity and collaboration among LGBT-owned and allied businesses in the state. Its initiatives promote growth and development through various activities, including education, networking opportunities, and public policy advocacy.

By organizing events such as the Annual Founding Member Meeting and corporate roundtables, the Chamber engages directly with business owners and corporate partners to identify their needs and enhance supplier diversity. This connection helps to integrate LGBT businesses into larger economic structures, thus amplifying their visibility and opportunities for collaboration.

The Chamber's commitment to increasing awareness of LGBT issues within the corporate sector enriches the understanding of diversity and inclusion. This results in more supportive workplaces and strategic partnerships, ultimately driving both social and economic benefits for the broader community.

Through its participation in panels and conferences, the Chamber also addresses pertinent issues within the LGBT community, advocating for equality and equitable treatment. Their focus on creating relationships among businesses cultivates a network that is not only committed to economic growth but also to progressive values that enhance community well-being and support for marginalized groups.

Overall, the Massachusetts LGBT Chamber of Commerce plays a pivotal role in creating a vibrant and inclusive economic landscape, ensuring that LGBT businesses thrive while contributing to a more equitable society.




This information is meant to be a general summary of Massachusetts Lgbt 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
$1,625,602 (2022)
Expenses
$1,827,189 (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: $460,850
  • Gross Receipts: $1,625,602

Assets and Liabilities:

  • Total Assets: $226,409
  • Total Liabilities: $17,101
  • Net Assets: $209,308

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Programs

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

MEMBERSHIPS

Revenue

$460,850

Organization Details

Founding Year

2017

Principal Officer

Grace Moreno

Main Address

50 MILK STREET, BOSTON, MA, 02109

NTEE Category

Code: S41 - Community improvement

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