Civic Intelligence

Wakefield Lynnfield Chamber of Commerce

EIN 04-2601159 • 501(c)6 • Wakefield, MA

Profile

The chamber answers hundreds of questions regarding its representation and advocacy on behalf of the local business community. The chmaber also supports local businesses by offering referrals and responding to local and state issues that impact and effect thier business. Chamber members also recieved a number of benefits of chamber membership such as networking opportunities, business listings, educational opportunities and business counseling.

PO Box 585Wakefield, MA 01880

www.wakefieldlynnfieldchamber.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.14x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.15x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

78th percentile

17%

Higher net margin than 78% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$29,275

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 34.5% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

89th percentile

41%

Faster asset growth than 89% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

24%

Faster revenue growth than 80% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$92,100

Up $26,716 (+41%) from 2023

Liabilities

Up

$12,929

Up $11,867 (+1117%) from 2023

Net Assets

Up

$79,171

Up $14,849 (+23%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin78th percentile

Revenue

Up

$84,899

Up $16,192 (+24%) from 2023

Expenses

Up

$70,050

Up $8,029 (+13%) from 2023

Net Income

Up

$14,849

Up $8,163 (+122%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2016: $69,741Liabilities 2016: $02016Assets 2017: $101,798Liabilities 2017: $02017Assets 2018: $101,798Liabilities 2018: $02018Assets 2019: $90,321Liabilities 2019: $0Net Assets 2019: $90,3212019Assets 2020: $76,655Liabilities 2020: $4,464Net Assets 2020: $72,1912020Assets 2021: $71,087Liabilities 2021: $6,595Net Assets 2021: $64,4922021Assets 2022: $59,455Liabilities 2022: $1,819Net Assets 2022: $57,6362022Assets 2023: $65,384Liabilities 2023: $1,062Net Assets 2023: $64,3222023Assets 2024: $92,100Liabilities 2024: $12,929Net Assets 2024: $79,1712024

Highlighted filing

2024

Assets$92,100
Liabilities$12,929
Net Assets$79,171
Open 2024 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2016: $143,631Expenses 2016: $121,658Net Income 2016: $21,9732016Revenue 2017: $153,862Expenses 2017: $121,805Net Income 2017: $32,0572017Revenue 2018: $153,862Expenses 2018: $121,805Net Income 2018: $32,0572018Revenue 2019: $144,642Expenses 2019: $147,814Net Income 2019: -$3,1722019Revenue 2020: $57,778Expenses 2020: $75,908Net Income 2020: -$18,1302020Revenue 2021: $55,640Expenses 2021: $63,339Net Income 2021: -$7,6992021Revenue 2022: $58,082Expenses 2022: $64,938Net Income 2022: -$6,8562022Revenue 2023: $68,707Expenses 2023: $62,021Net Income 2023: $6,6862023Revenue 2024: $84,899Expenses 2024: $70,050Net Income 2024: $14,8492024

Highlighted filing

2024

Revenue$84,899
Expenses$70,050
Net Income$14,849
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$92,100
Liabilities
$12,929
Net assets
$79,171
Revenue
$84,899
Expenses
$70,050
Net income
$14,849
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.92$0.13$0.79$0.85$0.70$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.01$0.64$0.69$0.62$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.58$0.58$0.65$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.07$0.64$0.56$0.63$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.04$0.72$0.58$0.76$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.45$1.48$0.03
2018Summary only. Only limited summary data is available for this year.$1.02$0.00$1.54$1.22$0.32
2017Summary only. Only limited summary data is available for this year.$1.02$0.00$1.54$1.22$0.32
2016Summary only. Only limited summary data is available for this year.$0.70$0.00$1.44$1.22$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$84,899
Mission and Program Overview

Mission

The chamber answers thousands of questions about the towns' businesses, institutions, and organizations each year, we also support local businesses by offering referrals and responding to local, state and national issues that affect their business environment, our members receive numerous benefits and services from us, including networking opportunities, business listings, educational opportunities, business counseling and much more.

The chamber answers hundreds of questions regarding its representation and advocacy on behalf of the local business community. The chmaber also supports local businesses by offering referrals and responding to local and state issues that impact and effect thier business. Chamber members also recieved a number of benefits of chamber membership such as networking opportunities, business listings, educational opportunities and business counseling.

Program Services

DescriptionGrantsExpenses
EDUCATION SESSIONS AND PROGRAMS - THE CHAMBER PROVIDED MULTIPLE EDUCATION SESSION AND PROGRAMS TO KEEP THE LOCAL BUSINESS COMMUNITY EDUCATED BY HOSTING SUCH SESSIONS AS "AN ACTIVE SHOOTER IN THE WORK PLACE AND CONSUMER SCAMS" WITH THE LOCAL POLICE DEPARTMENT AS WELL AS HEALTH EDUCATIONAL PROGRAMS WITH THE WAKEFIELD HEALTH DEPARTMENT. THE CHAMBER ALSO PROVIDED ACCESS TO MULTIPLE SESSIONS ON THE AVAILABILITY AND APPLICATION PROCESS FOR BOTH OF THE SBA DRIVEN EIDL AND PPP PROGRAMS. ADDIITONALLY, THE CHAMBER PROVIDED MULITPLE TRAINING PROGRAMS WITH THE USE OF SCORE.--
SHOP LOCAL SATURDAY - THE CHAMBER PROMOTES A "SHOP LOCAL" THEME BY DISTRIBUTING LOCAL ADVERTISING MATERIALS AND NEWPAPER ADVERTISING.--
NETWORKING - THE CHAMBER CONDUCTED MULITPLE "NETWORKING" OPPORTUNITIES THROUGHOUT THE YEAR WITH A MORNING BREAKFAST NETWORKING, A WOMEN IN BUSINESS NETWORKING LUNCHEON, AS WELL AS EARLY EVENING SESSIONS INVOLVING CHAMBER MEMBERS AT VARIOUS LOCAL BUSINESS LOCATIONS FOR NETWORKING. THE CHAMBER ALSO PROMOTES A VERY ACTIVE RIBBON CUTTING EVENT FOR NEW MEMBERS.--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN SMOLINSKYExecutive DirectorPT$29,275-$29,275
FRANCIE RECINITOAdmin AssistantPT$17,936-$17,936
CHRISTOPHER BARRETTCo-PresidentPT$0--
JANICE CASOLICo-PresidentPT$0--
ANN HADLEYDirectorPT$0--
SAL BARBAGALLODirectorPT$0--
JEFF WORTHDirectorPT$0--
PETER ROSSETTIDirectorPT$0--
TERESA GIOVEDirectorPT$0--
DEANA MCGOVERNDirectorPT$0--
SUZANNE BOWERINGVice President1PT$0--
CATHERINE NIGRODirectorPT$0--
ROSANNE RUSSELLDirectorPT$0--
CATHERINE MCDONALDDirectorPT$0--
ALLY HOUGHTONVice President2PT$0--
CHERYL CARROLLTreasurerPT$0--
ROB BROGNADirectorPT$0--
LISA MCKENNADirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Wakefield Lynnfield Chamber of Commerce
EIN
04-2601159
Phone
7812450741
Address
PO BOX 585, WAKEFIELD, MA 01880

Signing Officer

Name
John Smolinsky
Title
Executive Director
Signed
2025-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Camerlengo & Associates
Address
107 Audubon Road Bldg 2 Ste 110, Wakefield, MA 01880
Preparer
Deana Mcgovern
Phone
7814381416
Supplemental Narrative

Additional Explanations

Other Revenue.1

“OTHER $22”

Other Revenue.2

“INTEREST $15”

Other Expenses.1001

“Advertising and Promotion $3080”

Other Expenses.1002

“Office Expenses $3988”

Other Expenses.1012

“Insurance $1549”

Other Expenses.1

“PROGRAM EXPENSES $4056”

Other Expenses.2

“PAYROLL PROCESSING $2006”

Other Expenses.3

“Computer & internet $1988”

Other Expenses.4

“CONTRACT SERVICES $878”

Other Expenses.5

“MEETING EXPENSES $802”

Other Expenses.6

“EVENT EXPENSES $274”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $9863 Prepaid Expenses and Deferred Charges - Ending $158”

Total Liabilities.1003

“Deferred Revenue - Beginning $1062 Deferred Revenue - Ending $12929”

Raw XML Appendix193 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13Director
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SHOP LOCAL SATURDAY - THE CHAMBER PROMOTES A "SHOP LOCAL" THEME BY DISTRIBUTING LOCAL ADVERTISING MATERIALS AND NEWPAPER ADVERTISING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2NETWORKING - THE CHAMBER CONDUCTED MULITPLE "NETWORKING" OPPORTUNITIES THROUGHOUT THE YEAR WITH A MORNING BREAKFAST NETWORKING, A WOMEN IN BUSINESS NETWORKING LUNCHEON, AS WELL AS EARLY EVENING SESSIONS INVOLVING CHAMBER MEMBERS AT VARIOUS LOCAL BUSINESS LOCATIONS FOR NETWORKING. THE CHAMBER ALSO PROMOTES A VERY ACTIVE RIBBON CUTTING EVENT FOR NEW MEMBERS.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
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ReturnHeader/Filer/BusinessNameControlTxt0WAKE
ReturnHeader/Filer/EIN0042601159
ReturnHeader/Filer/PhoneNum07812450741
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ReturnHeader/PreparerPersonGrp/PhoneNum07814381416
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEANA MCGOVERN
ReturnHeader/ReturnTs02025-05-12T08:33:00-07:00
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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