Civic Intelligence

Franklin County Chamber of Commerce

990 • Fiscal year 2021 • EIN 04-1400370

Jul 01, 2020 to Jun 30, 2021 • Filed on May 09, 2022

395 Main Street PO Box 898Greenfield, MA 01301

(413) 773-5463

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.82x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.41x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

26th percentile

-7.1%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$81,488

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 33.2% of source-year revenue.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

82nd percentile

36%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-32%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$121,033

Up $32,199 (+36%) from 2020

Net Assets

Down

$21,470

Down $17,507 (-45%) from 2020

Liabilities

Up

$99,563

Up $49,706 (+100%) from 2020

Revenue

Down

$245,516

Down $113,417 (-32%) from 2020

Expenses

Down

$263,023

Down $96,529 (-27%) from 2020

Net Income

Down

-$17,507

Down $16,888 (-2728%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $305,028Liabilities 2011: $183,944Net Assets 2011: $121,0842011Assets 2012: $346,890Liabilities 2012: $284,023Net Assets 2012: $62,8672012Assets 2013: $310,925Liabilities 2013: $239,290Net Assets 2013: $71,6352013Assets 2014: $128,708Liabilities 2014: $57,950Net Assets 2014: $70,7582014Assets 2015: $127,158Liabilities 2015: $45,985Net Assets 2015: $81,1732015Assets 2016: $136,597Liabilities 2016: $66,477Net Assets 2016: $70,1202016Assets 2017: $117,824Liabilities 2017: $44,483Net Assets 2017: $73,3412017Assets 2018: $108,599Liabilities 2018: $40,373Net Assets 2018: $68,2262018Assets 2019: $77,496Liabilities 2019: $37,900Net Assets 2019: $39,5962019Assets 2020: $88,834Liabilities 2020: $49,857Net Assets 2020: $38,9772020Assets 2021: $121,033Liabilities 2021: $99,563Net Assets 2021: $21,4702021Assets 2022: $159,980Liabilities 2022: $55,886Net Assets 2022: $104,0942022Assets 2023: $184,507Liabilities 2023: $65,669Net Assets 2023: $118,8382023Assets 2024: $209,149Liabilities 2024: $61,221Net Assets 2024: $147,9282024

Highlighted filing

2021

Assets$121,033
Liabilities$99,563
Net Assets$21,470

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $691,505Expenses 2011: $693,424Net Income 2011: -$1,9192011Revenue 2012: $817,052Expenses 2012: $843,891Net Income 2012: -$26,8392012Revenue 2013: $886,505Expenses 2013: $878,337Net Income 2013: $8,1682013Revenue 2014: $861,012Expenses 2014: $861,889Net Income 2014: -$8772014Revenue 2015: $566,844Expenses 2015: $556,431Net Income 2015: $10,4132015Revenue 2016: $520,057Expenses 2016: $530,885Net Income 2016: -$10,8282016Revenue 2017: $444,226Expenses 2017: $441,005Net Income 2017: $3,2212017Revenue 2018: $388,323Expenses 2018: $393,438Net Income 2018: -$5,1152018Revenue 2019: $332,232Expenses 2019: $360,862Net Income 2019: -$28,6302019Revenue 2020: $358,933Expenses 2020: $359,552Net Income 2020: -$6192020Revenue 2021: $245,516Expenses 2021: $263,023Net Income 2021: -$17,5072021Revenue 2022: $401,422Expenses 2022: $315,097Net Income 2022: $86,3252022Revenue 2023: $306,839Expenses 2023: $292,095Net Income 2023: $14,7442023Revenue 2024: $331,012Expenses 2024: $300,807Net Income 2024: $30,2052024

Highlighted filing

2021

Revenue$245,516
Expenses$263,023
Net Income-$17,507
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 9, 2022
Return Version
2020v4.2
Gross Receipts
$247,585
Mission and Program Overview

Mission

The primary objective of the chamber is to assist its members in business matters, develop tourism in the area and enhance economic conditions of the area.

To assist members in business matters, develop tourism in the area & enhance economic conditions of the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$77,398$109,334▲ $31,936
Accounts Receivable$6,408$7,236▲ $828
Prepaid Expenses and Deferred Charges$2,522$3,347▲ $825
Land, Buildings, and Equipment, Net$2,506$1,116▼ $1,390
Total Assets$88,834$121,033▲ $32,199
Liabilities
Deferred Revenue$39,767$42,473▲ $2,706
Unsecured Notes Loans Payable-$39,598-
Accounts Payable and Accrued Expenses$10,090$17,092▲ $7,002
Other Liabilities$0$400▲ $400
Total Liabilities$49,857$99,563▲ $49,706
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$38,977$21,470▼ $17,507
Total Net Assets Fund Balance$38,977$21,470▼ $17,507
Total Liabilities and Net Assets / Fund Balance$88,834$121,033▲ $32,199

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$229,961$229,961
Equipment$1,116$14,479$15,595
Other Land Buildings$0$3,632$3,632
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diana M SzynalExecutive DirectorFT$77,414$4,074$81,488

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$208,306
Program Service Revenue
$3,358
Investment Income
$26
Other Revenue
$33,826
All Other Contributions
$5,604
Change in Net Assets
$-17,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$187,898
Other Expenses$75,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$84,792
Current Officers, Directors, Trustees, and Key Employees---$78,956
Occupancy---$21,743
Fees for Services Accounting---$13,000
Payroll Taxes---$11,880
Other Employee Benefits---$11,469
Office Expenses---$11,450
Information Technology---$8,497
Other Expenses---$5,822
Insurance---$4,891
Fees for Services Other---$3,684
Advertising---$2,818
Conferences and Meetings---$1,830
Depreciation Depletion---$1,390
Pension Plan Contributions---$801
Total Functional Expenses$0$0$0$263,023
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members who may become voting members.

Form 990, Part VI, Section A, Line 7A

Members annually elect voting members of the board of directors.

Form 990, Part VI, Section B, Line 11B

Directors are notified that they are required to review the form 990. Members may read copies of the form 990 at the chamber offices.

Form 990, Part VI, Section B, Line 15

Is approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Franklin County Chamber of Commerce
EIN
04-1400370
Phone
4137735463
Address
395 MAIN STREET PO BOX 898, GREENFIELD, MA 01301

Signing Officer

Name
Robert W Gilmore
Title
Treasurer
Phone
4137735463
Signed
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert W Gilmore
Formed
1919
Legal Domicile
Ma
Voting Board Members
26
Independent Board Members
25
Employees
6
Volunteers
0

Preparer

Firm
Melanson Pc
Address
101 MUNSON ST SUITE 120, GREENFIELD, MA 01301
Preparer
Alyssa Simard CPA
Phone
4137735405
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01919
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt093481
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0247585
IRS990/GrossRentsGrp/RealAmt031214
IRS990/GrossSalesOfInventoryAmt0126
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt08497
IRS990/InsuranceGrp/TotalAmt04891
IRS990/InvestmentIncomeGrp/ExclusionAmt026
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt026
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0248072
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02506
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01116
IRS990/LandBldgEquipCostOrOtherBssAmt0249188
IRS990/LegalDomicileStateCd0MA
IRS990/LessRentalExpensesGrp/RealAmt02069
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0109221
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PRIMARY OBJECTIVE OF THE CHAMBER IS TO ASSIST ITS MEMBERS IN BUSINESS MATTERS, DEVELOP TOURISM IN THE AREA AND ENHANCE ECONOMIC CONDITIONS OF THE AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt038977
IRS990/NetAssetsOrFundBalancesEOYAmt021470
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0126
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0126
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt029145
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt029145
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt038977
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt021470
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt021743
IRS990/OfficeExpensesGrp/TotalAmt011450
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011469
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt05822
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0400
IRS990/OtherRevenueMiscGrp/BusinessCd0519100
IRS990/OtherRevenueMiscGrp/BusinessCd1900009
IRS990/OtherRevenueMiscGrp/Desc0NEWSLETTER ADS & INSER
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0720
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03835
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1720
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt03835
IRS990/OtherRevenueTotalAmt04555
IRS990/OtherSalariesAndWagesGrp/TotalAmt084792
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt011880
IRS990/PensionPlanContributionsGrp/TotalAmt0801
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02522
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03347
IRS990/PrincipalOfficerNm0ROBERT W GILMORE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541800
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0TOURISM PROMOTION
IRS990/ProgramServiceRevenueGrp/Desc1ADMISSIONS-PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11108
IRS990/ProgSrvcAccomActy2Grp/Desc0GREENFIELD BUSINESS ASSOCIATION - A MEMBERSHIP PROGRAM (WITH APROX. 110 MEMBERS) FOR BUSINESSES LOCATED IN THE TOWN OF GREENFIELD PROVIDING PROGRAMS FOR THE BENEFIT OF THESE BUSINESSES AND PROMOTIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0160
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0VISITORS' INFORMATION CENTER AND TOURISM PROMOTION - COSTS TO STAFF, PROVIDE PROMOTIONAL RESOURCES AND MAINTAIN A VISITOR INFORMATION CENTER DEVELOPED AND SUPPORTED UNDER THE AUSPICES OF THE STATE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt017
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt029271
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0233019
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt043
IRS990/PYOtherExpensesAmt0131289
IRS990/PYOtherRevenueAmt023085
IRS990/PYProgramServiceRevenueAmt0102786
IRS990/PYRevenuesLessExpensesAmt0-619
IRS990/PYSalariesCompEmpBnftPaidAmt0228263
IRS990/PYTotalExpensesAmt0359552
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0358933
IRS990/ReconcilationRevenueExpnssAmt0-17507
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt029145
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04078
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0229961
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0229961
IRS990ScheduleD/EquipmentGrp/BookValueAmt01116
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014479
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015595
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03632

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.61$1.48$3.31$3.01$0.30
2023Detailed filing. Detailed filing data is available for this year.$1.85$0.66$1.19$3.07$2.92$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.56$1.04$4.01$3.15$0.86
2021Detailed filing. Detailed filing data is available for this year.$1.21$1.00$0.21$2.46$2.63$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.50$0.39$3.59$3.60$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.38$0.40$3.32$3.61$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.40$0.68$3.88$3.93$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.44$0.73$4.44$4.41$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.37$0.66$0.70$5.20$5.31$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.27$0.46$0.81$5.67$5.56$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.29$0.58$0.71$8.61$8.62$0.01
2013Summary only. Only limited summary data is available for this year.$3.11$2.39$0.72$8.87$8.78$0.08
2012Summary only. Only limited summary data is available for this year.$3.47$2.84$0.63$8.17$8.44$0.27
2011Summary only. Only limited summary data is available for this year.$3.05$1.84$1.21$6.92$6.93$0.02