Civic Intelligence

The Greater New Haven Chamber of Commerce Inc

EIN 06-0468900 • 501(c)6 • New Haven, CT

View Organization Page

Profile

Provide to its members information, services and special events to expand, promote and develop new business in the greater new haven, connecticut region

195 Church Street 4th FloorNew Haven, CT 06510-2865

www.newhavenchamber.com

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.34x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.21x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

45th percentile

2.9%

Higher net margin than 45% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

80th percentile

$246,077

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

38th percentile

1.5%

Faster asset growth than 38% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

46th percentile

4.2%

Faster revenue growth than 46% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$1,332,060

Up $19,423 (+1.5%) from 2024

Liabilities

Down

$451,729

Down $50,934 (-10%) from 2024

Net Assets

Up

$880,331

Up $70,357 (+8.7%) from 2024

Operations
Liabilities / Revenue57th percentileNet Margin45th percentile

Revenue

Up

$2,131,500

Up $86,051 (+4.2%) from 2024

Expenses

Up

$2,070,695

Up $67,889 (+3.4%) from 2024

Net Income

Up

$60,805

Up $18,162 (+43%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth38th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $792,199Liabilities 2011: $637,064Net Assets 2011: $155,1352011Assets 2012: $554,140Liabilities 2012: $565,870Net Assets 2012: -$11,7302012Assets 2013: $603,940Liabilities 2013: $578,077Net Assets 2013: $25,8632013Assets 2014: $701,908Liabilities 2014: $620,039Net Assets 2014: $81,8692014Assets 2015: $718,504Liabilities 2015: $578,951Net Assets 2015: $139,5532015Assets 2016: $597,567Liabilities 2016: $421,655Net Assets 2016: $175,9122016Assets 2017: $549,237Liabilities 2017: $342,973Net Assets 2017: $206,2642017Assets 2018: $548,282Liabilities 2018: $374,003Net Assets 2018: $174,2792018Assets 2019: $539,117Liabilities 2019: $300,022Net Assets 2019: $239,0952019Assets 2020: $633,601Liabilities 2020: $299,720Net Assets 2020: $333,8812020Assets 2021: $1,172,329Liabilities 2021: $618,367Net Assets 2021: $553,9622021Assets 2022: $1,201,441Liabilities 2022: $472,402Net Assets 2022: $729,0392022Assets 2023: $1,073,229Liabilities 2023: $305,898Net Assets 2023: $767,3312023Assets 2024: $1,312,637Liabilities 2024: $502,663Net Assets 2024: $809,9742024Assets 2025: $1,332,060Liabilities 2025: $451,729Net Assets 2025: $880,3312025

Highlighted filing

2025

Assets$1,332,060
Liabilities$451,729
Net Assets$880,331
Open 2025 Filing

Operations Trend

Revenue Growth46th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,249,124Expenses 2011: $2,206,571Net Income 2011: $42,5532011Revenue 2012: $2,183,507Expenses 2012: $2,350,372Net Income 2012: -$166,8652012Revenue 2013: $2,142,596Expenses 2013: $2,102,003Net Income 2013: $40,5932013Revenue 2014: $2,189,545Expenses 2014: $2,133,539Net Income 2014: $56,0062014Revenue 2015: $2,189,557Expenses 2015: $2,131,873Net Income 2015: $57,6842015Revenue 2016: $2,210,918Expenses 2016: $2,174,559Net Income 2016: $36,3592016Revenue 2017: $2,149,696Expenses 2017: $2,119,344Net Income 2017: $30,3522017Revenue 2018: $1,945,560Expenses 2018: $1,977,545Net Income 2018: -$31,9852018Revenue 2019: $1,833,905Expenses 2019: $1,769,089Net Income 2019: $64,8162019Revenue 2020: $1,878,980Expenses 2020: $1,784,194Net Income 2020: $94,7862020Revenue 2021: $1,703,689Expenses 2021: $1,483,608Net Income 2021: $220,0812021Revenue 2022: $1,921,147Expenses 2022: $1,746,070Net Income 2022: $175,0772022Revenue 2023: $1,882,581Expenses 2023: $1,844,289Net Income 2023: $38,2922023Revenue 2024: $2,045,449Expenses 2024: $2,002,806Net Income 2024: $42,6432024Revenue 2025: $2,131,500Expenses 2025: $2,070,695Net Income 2025: $60,8052025

Highlighted filing

2025

Revenue$2,131,500
Expenses$2,070,695
Net Income$60,805
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,332,060
Liabilities
$451,729
Net assets
$880,331
Revenue
$2,131,500
Expenses
$2,070,695
Net income
$60,805
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.45$0.88$2.13$2.07$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.31$0.50$0.81$2.05$2.00$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.31$0.77$1.88$1.84$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.47$0.73$1.92$1.75$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.62$0.55$1.70$1.48$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.30$0.33$1.88$1.78$0.09
2019Summary only. Only limited summary data is available for this year.$0.54$0.30$0.24$1.83$1.77$0.06
2018Summary only. Only limited summary data is available for this year.$0.55$0.37$0.17$1.95$1.98$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.34$0.21$2.15$2.12$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.42$0.18$2.21$2.17$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.72$0.58$0.14$2.19$2.13$0.06
2014Summary only. Only limited summary data is available for this year.$0.70$0.62$0.08$2.19$2.13$0.06
2013Summary only. Only limited summary data is available for this year.$0.60$0.58$0.03$2.14$2.10$0.04
2012Summary only. Only limited summary data is available for this year.$0.55$0.57$0.01$2.18$2.35$0.17
2011Summary only. Only limited summary data is available for this year.$0.79$0.64$0.16$2.25$2.21$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Mar 1, 2024 to Feb 28, 2025
Signed
Sep 4, 2025
Return Version
2024v5.2
Gross Receipts
$2,131,500
Mission and Program Overview

Mission

Provide to its members information, services and special events to expand, promote and develop new business in the greater new haven, connecticut region

CHAMBER OF COMMERCE

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$886,774$711,797▼ $174,977
Accounts Receivable$351,810$332,206▼ $19,604
Investments in Publicly Traded Securities-$198,778-
Prepaid Expenses and Deferred Charges$55,757$61,065▲ $5,308
Land, Buildings, and Equipment, Net$13,242$25,759▲ $12,517
Total Assets$1,312,637$1,332,060▲ $19,423
Other Assets Total$5,054$2,455▼ $2,599
Liabilities
Deferred Revenue$348,257$325,277▼ $22,980
Accounts Payable and Accrued Expenses$154,406$126,452▼ $27,954
Total Liabilities$502,663$451,729▼ $50,934
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$771,122$859,452▲ $88,330
Net Assets With Donor Restrictions$38,852$20,879▼ $17,973
Total Net Assets Fund Balance$809,974$880,331▲ $70,357
Total Liabilities and Net Assets / Fund Balance$1,312,637$1,332,060▲ $19,423

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,079$265,615$271,694
Equipment$0$167,418$167,418
Other Land Buildings$19,680$41,009$60,689
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Garrett SheehanPresidentPT$234,145$11,932$246,077

Board Members and Trustees

NameTitle
Heather LatorraChairman
Howard HillImmediate Past Chairman
Jeffery SolomonVice Chairman and Treasurer
Al CarboneDirector
Alexandra DaumDirector
Alicia ValentinoDirector
Allison Standish-plimptonDirector
Andy CoreaDirector
Andy ThayerDirector
Anthony MediciDirector
Bill AseltyneDirector
Bill McandrewDirector
Brandon RousseauDirector
Brett AmendolaDirector
Brian CourtneyDirector
Brian Kench PhdDirector
Caroline ParkDirector
Carolyn WelchDirector
Cecil AustinDirector
Christina FitzgeraldDirector
Cornell WrightDirector
David FerrettiDirector
Elizabeth CaloDirector
Erik ClemonsDirector
Erik ScaranuzzoDirector
Farrell SimonDirector
Franco CamachoDirector
Halim OmarDirector
Holly RaiderDirector
Jason PriceDirector
Jeff HubbardDirector
Jeff WilsonDirector
Jeffrey KlausDirector
Jennifer BradleyDirector
Jess BoronicoDirector
John SetteDirector
Joseph WilliamsDirector
Juan M Salas-romerDirector
Kevin LachapelleDirector
Kevin RoccoDirector
Kimberly PedrickDirector
Kristilee LahayeDirector
Lisa SinclairDirector
Mark NisbettDirector
Meaghan MilesDirector
Michael SchafferDirector
Michael TaylorDirector
Michele Chow-taiDirector
Rich MedeirosDirector
Roberta HoskieDirector
Samantha WilliamsDirector
Steve MaroneyDirector
Terri GuidoneDirector
Vincencia AduseiDirector
Andrea KovacsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$24,498
Program Service Revenue
$2,069,019
Investment Income
$11,302
Other Revenue
$26,681
All Other Contributions
$24,498
Change in Net Assets
$60,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,311,632
Other Expenses$759,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$853,870
Current Officers, Directors, Trustees, and Key Employees---$247,179
Occupancy---$172,545
Fees for Services Accounting---$123,616
Other Employee Benefits---$86,694
Payroll Taxes---$81,909
Information Technology---$79,472
Office Expenses---$64,912
Pension Plan Contributions---$41,980
Conferences and Meetings---$37,764
Other Expenses---$29,412
Travel---$13,176
Insurance---$7,428
Depreciation Depletion---$6,913
Fees for Services Lobbying---$833
Total Functional Expenses$0$0$0$2,070,695
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
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$20,252
Total Nondeductible Lobbying and Political Cost$20,252
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The members of the greater new haven chamber of commerce, inc are all parties that are current on their dues assessment.”

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

“At the annual meeting the membership vote on the board of directors for positions that are up that year.”

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

“A copy of the 990 is distributed to each member of the finance committee for their review before the return is filed.”

Form 990, Part VI, Section B, Line 15

“President of chamber sets individual payroll when budget is prepared. Payroll in total is reviewed by finance committee, who then reports the budget proposal to board of directors. The board then approves the budget in total. At year end the personnel committee reviews audited results for the year and compares to performance goals and adjusts the president's and vice presidents' salaries.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are photocopied and mailed to individuals or organizations upon request. The organization does not have a conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
The Greater New Haven Chamber of
EIN
06-0468900
Phone
2037876735
Address
195 CHURCH STREET 4TH FLOOR, NEW HAVEN, CT 06510-2865

Signing Officer

Name
Garrett Sheehan
Title
President/CEO
Phone
2037824340
Signed
2025-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Garrett Sheehan
Formed
1872
Legal Domicile
Ct
Voting Board Members
56
Independent Board Members
55
Employees
23
Volunteers
0

Preparer

Firm
SEWARD AND MONDE CPA'S
Address
296 STATE STREET, NORTH HAVEN, CT 06473-2165
Preparer
Gayle a Carbone
Phone
2032489341
Supplemental Narrative

Additional Explanations

Part XII Line 1 Financial Statements

“MODIFIED CASH BASIS”

Financial Statement Notes

PART X, LINE 2:

“The organization evaluates all significant tax positions as required by accounting principles generally accepted in the united states of america. As of february 28, 2025, the organization does not believe that they have taken any positions that would require the recording of any additional tax liability nor do they believe that there are any unrealized tax benefits that would either increase or decrease within the next year. It is the policy of the organization to recognize any interest and penalties in the provision for taxes.”

Raw XML AppendixShowing 400 of 768 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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