Civic Intelligence

Beverly Chamber of Commerce Inc

EIN 04-2893024 • 501(c)3 • Beverly, MA

Profile

The chamber works to improve the greater beverly's economy and quality of life.

100 Cummings CenterBeverly, MA 01915

www.greaterbeverlychamber.com

Siviq Scores

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

Liabilities / Assets

84th percentile

0.24x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

60th percentile

7.5%

Higher net margin than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$97,205

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

80th percentile

28%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

-4.4%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$169,984

Up $37,504 (+28%) from 2023

Liabilities

Up

$40,222

Up $11,977 (+42%) from 2023

Net Assets

Up

$129,762

Up $25,527 (+24%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin60th percentile

Revenue

Down

$339,601

Down $15,596 (-4.4%) from 2023

Expenses

Down

$314,074

Down $16,096 (-4.9%) from 2023

Net Income

Up

$25,527

Up $500 (+2.0%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

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

$300K$200K$100K$0Assets 2010: $112,140Liabilities 2010: $74,211Net Assets 2010: $37,9292010Assets 2011: $106,186Liabilities 2011: $70,356Net Assets 2011: $35,8302011Assets 2012: $136,020Liabilities 2012: $72,989Net Assets 2012: $63,0312012Assets 2013: $165,017Liabilities 2013: $67,438Net Assets 2013: $97,5792013Assets 2014: $189,116Liabilities 2014: $63,072Net Assets 2014: $126,0442014Assets 2015: $212,586Liabilities 2015: $67,660Net Assets 2015: $144,9262015Assets 2016: $226,577Liabilities 2016: $68,404Net Assets 2016: $158,1732016Assets 2017: $226,297Liabilities 2017: $65,888Net Assets 2017: $160,4092017Assets 2018: $204,676Liabilities 2018: $112,632Net Assets 2018: $92,0442018Assets 2019: $130,323Liabilities 2019: $24,619Net Assets 2019: $105,7042019Assets 2020: $113,735Liabilities 2020: $77,829Net Assets 2020: $35,9062020Assets 2021: $129,033Liabilities 2021: $38,923Net Assets 2021: $90,1102021Assets 2022: $113,489Liabilities 2022: $34,281Net Assets 2022: $79,2082022Assets 2023: $132,480Liabilities 2023: $28,245Net Assets 2023: $104,2352023Assets 2024: $169,984Liabilities 2024: $40,222Net Assets 2024: $129,7622024

Highlighted filing

2024

Assets$169,984
Liabilities$40,222
Net Assets$129,762
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

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

$400K$200K$0-$200KExpenses 2010: $179,8102010Expenses 2011: $184,6992011Expenses 2012: $205,4042012Revenue 2013: $283,225Expenses 2013: $248,677Net Income 2013: $34,5482013Revenue 2014: $305,977Expenses 2014: $277,512Net Income 2014: $28,4652014Revenue 2015: $293,033Expenses 2015: $274,151Net Income 2015: $18,8822015Revenue 2016: $291,455Expenses 2016: $278,208Net Income 2016: $13,2472016Revenue 2017: $278,945Expenses 2017: $276,708Net Income 2017: $2,2372017Revenue 2018: $220,060Expenses 2018: $288,425Net Income 2018: -$68,3652018Revenue 2019: $292,340Expenses 2019: $278,681Net Income 2019: $13,6592019Revenue 2020: $205,904Expenses 2020: $275,702Net Income 2020: -$69,7982020Revenue 2021: $314,699Expenses 2021: $260,495Net Income 2021: $54,2042021Revenue 2022: $297,890Expenses 2022: $308,792Net Income 2022: -$10,9022022Revenue 2023: $355,197Expenses 2023: $330,170Net Income 2023: $25,0272023Revenue 2024: $339,601Expenses 2024: $314,074Net Income 2024: $25,5272024

Highlighted filing

2024

Revenue$339,601
Expenses$314,074
Net Income$25,527
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$169,984
Liabilities
$40,222
Net assets
$129,762
Revenue
$339,601
Expenses
$314,074
Net income
$25,527
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.40$1.30$3.40$3.14$0.26
2023Detailed filing. Detailed filing data is available for this year.$1.32$0.28$1.04$3.55$3.30$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.34$0.79$2.98$3.09$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.39$0.90$3.15$2.60$0.54
2020Detailed filing. Detailed filing data is available for this year.$1.14$0.78$0.36$2.06$2.76$0.70
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.25$1.06$2.92$2.79$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.05$1.13$0.92$2.20$2.88$0.68
2017Detailed filing. Detailed filing data is available for this year.$2.26$0.66$1.60$2.79$2.77$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.27$0.68$1.58$2.91$2.78$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.13$0.68$1.45$2.93$2.74$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.89$0.63$1.26$3.06$2.78$0.28
2013Detailed filing. Detailed filing data is available for this year.$1.65$0.67$0.98$2.83$2.49$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.73$0.63$2.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.70$0.36$1.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.74$0.38$1.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 5, 2025
Return Version
2024v5.2
Gross Receipts
$339,601
Mission and Program Overview

Mission

The Chamber works to improve Beverly's economy and quality of life.

The chamber works to improve the greater beverlys economy and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$104,235$129,762▲ $25,527
Cash and Non-Interest-Bearing Accounts$55,420$87,977▲ $32,557
Savings and Temporary Cash Investments$52,865$55,543▲ $2,678
Land, Buildings, and Equipment, Net-$11,959-
Accounts Receivable$16,168$5,433▼ $10,735
Prepaid Expenses and Deferred Charges$2,777$2,458▼ $319
Total Assets$132,480$169,984▲ $37,504
Other Assets Total$5,250$6,614▲ $1,364
Liabilities
Unsecured Notes Loans Payable-$20,860-
Accounts Payable and Accrued Expenses$6,630$9,806▲ $3,176
Deferred Revenue$21,615$9,556▼ $12,059
Total Liabilities$28,245$40,222▲ $11,977
Net Assets / Fund Balance
Total Net Assets Fund Balance$104,235$129,762▲ $25,527
Total Liabilities and Net Assets / Fund Balance$132,480$169,984▲ $37,504

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,959$25,779-
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Leslie GouldExecutive DirectorFT$97,205$97,205

Board Members and Trustees

NameTitle
Medley LongPresident
Kimberly BallardVice President
Alicia ZampitellaDirector
Brian MurphyDirector
Brook ZagarriDirector
David RayDirector
Joseph HwangDirector
Kelly DefeliceDirector
Linda TurcotteDirector
Matthew EriksenDirector
Melissa Mc LaughlinDirector
Nick HarronDirector
Paul GentileDirector
Paul GuanciDirector
Robert W Mitchell JrDirector
Theresa EspinolaDirector
Tim FlahertyDirector
Tom HollandDirector
Walter HartfordDirector
Dayna MortonSecretary
Hannah Greenough Linke EsqTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$137,771
Program Service Revenue
$142,062
Investment Income
$2,678
Other Revenue
$57,090
All Other Contributions
$3,164
Change in Net Assets
$25,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$157,549
Salaries, Compensation, and Employee Benefits$156,525
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$97,205$0$97,205
Other Salaries and Wages$0$47,839$0$47,839
Occupancy$0$26,622$0$26,622
Fees for Services Accounting$0$18,276$0$18,276
All Other Expenses$12,565$0$0$12,565
Payroll Taxes$0$11,481$0$11,481
Advertising$0$10,174$0$10,174
Insurance$0$9,279$0$9,279
Office Expenses$0$8,908$0$8,908
Fees for Services Other$0$7,531$0$7,531
Other Expenses$0$6,422$0$6,422
Interest$0$5,146$0$5,146
Information Technology$0$4,044$0$4,044
Travel$0$1,590$0$1,590
Depreciation Depletion$0$1,329$0$1,329
Fees for Services Management$0$781$0$781
Total Functional Expenses$57,447$256,627$0$314,074
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Beverly Chamber of Commerce Inc
EIN
04-2893024
Phone
9782329559
Address
100 CUMMINGS CENTER, BEVERLY, MA 01915

Signing Officer

Name
Medley Long Long Iii
Title
President
Phone
9782329559
Signed
2025-09-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Medley Long Long Iii
Formed
1984
Legal Domicile
Ma
Voting Board Members
22
Independent Board Members
22
Employees
2
Volunteers
5

Preparer

Firm
Elm Street Tax LLC
Address
74 Elm Street Unit 7, Danvers, MA 01923
Preparer
Paul S Marciano CPA
Phone
9789691451
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“At meeting distributed to board members”

Pt VI, Line 15A

“Compensation is determined by impartial compensation commmittee”

Pt VI, Line 19

“These documents are available on request at the business office of the chamber.”

Form 990, Part III, Line 4D

“Power of women event 44882. 25000. 96660.”

Raw XML AppendixShowing 400 of 599 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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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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