Civic Intelligence

Gateway Regional Chamber of Commerceinc

EIN 22-0887600 • 501(c)6 • Elizabeth, NJ

View Organization Page

Profile

The gateway regional chamber of commerce aims to represent and advance the business interests of its members.

135 Jefferson AveElizabeth, NJ 07201-2423

www.gatewaychamber.com

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

12th percentile

-47%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

95th percentile

$80,846

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 28.4% of source-year revenue.

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

Asset Growth

17th percentile

-41%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

19th percentile

-31%

Faster revenue growth than 19% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$209,810

Down $147,999 (-41%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$209,810

Down $147,999 (-41%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin12th percentile

Revenue

Down

$284,642

Down $125,120 (-31%) from 2023

Expenses

Down

$417,975

Down $48,440 (-10%) from 2023

Net Income

Down

-$133,333

Down $76,680 (-135%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

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

$600K$400K$200K$0Assets 2013: $301,866Liabilities 2013: $0Net Assets 2013: $301,8662013Assets 2014: $295,307Liabilities 2014: $0Net Assets 2014: $295,3072014Assets 2015: $293,215Liabilities 2015: $0Net Assets 2015: $293,2152015Assets 2016: $301,786Liabilities 2016: $0Net Assets 2016: $301,7862016Assets 2017: $316,007Liabilities 2017: $0Net Assets 2017: $316,0072017Assets 2018: $345,734Liabilities 2018: $0Net Assets 2018: $345,7342018Assets 2019: $402,271Liabilities 2019: $0Net Assets 2019: $402,2712019Assets 2020: $369,668Liabilities 2020: $0Net Assets 2020: $369,6682020Assets 2021: $460,609Liabilities 2021: $78,247Net Assets 2021: $382,3622021Assets 2022: $414,462Liabilities 2022: $0Net Assets 2022: $414,4622022Assets 2023: $357,809Liabilities 2023: $0Net Assets 2023: $357,8092023Assets 2024: $209,810Liabilities 2024: $0Net Assets 2024: $209,8102024

Highlighted filing

2024

Assets$209,810
Liabilities$0
Net Assets$209,810
Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $621,063Expenses 2013: $652,249Net Income 2013: -$31,1862013Revenue 2014: $679,490Expenses 2014: $686,049Net Income 2014: -$6,5592014Revenue 2015: $608,647Expenses 2015: $610,739Net Income 2015: -$2,0922015Revenue 2016: $592,806Expenses 2016: $584,235Net Income 2016: $8,5712016Revenue 2017: $588,440Expenses 2017: $574,219Net Income 2017: $14,2212017Revenue 2018: $749,480Expenses 2018: $719,753Net Income 2018: $29,7272018Revenue 2019: $768,686Expenses 2019: $712,149Net Income 2019: $56,5372019Revenue 2020: $549,486Expenses 2020: $581,071Net Income 2020: -$31,5852020Revenue 2021: $547,456Expenses 2021: $536,282Net Income 2021: $11,1742021Revenue 2022: $660,476Expenses 2022: $628,376Net Income 2022: $32,1002022Revenue 2023: $409,762Expenses 2023: $466,415Net Income 2023: -$56,6532023Revenue 2024: $284,642Expenses 2024: $417,975Net Income 2024: -$133,3332024

Highlighted filing

2024

Revenue$284,642
Expenses$417,975
Net Income-$133,333
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$209,810
Liabilities
$0
Net assets
$209,810
Revenue
$284,642
Expenses
$417,975
Net income
-$133,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$2.85$4.18$1.33
2023Detailed filing. Detailed filing data is available for this year.$3.58$0.00$3.58$4.10$4.66$0.57
2022Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.14$6.60$6.28$0.32
2021Detailed filing. Detailed filing data is available for this year.$4.61$0.78$3.82$5.47$5.36$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$5.49$5.81$0.32
2019Detailed filing. Detailed filing data is available for this year.$4.02$0.00$4.02$7.69$7.12$0.57
2018Detailed filing. Detailed filing data is available for this year.$3.46$0.00$3.46$7.49$7.20$0.30
2017Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$5.88$5.74$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$5.93$5.84$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$6.09$6.11$0.02
2014Summary only. Only limited summary data is available for this year.$2.95$0.00$2.95$6.79$6.86$0.07
2013Summary only. Only limited summary data is available for this year.$3.02$0.00$3.02$6.21$6.52$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 28, 2024
Return Version
2023v5.1
Gross Receipts
$284,642
Mission and Program Overview

Mission

The gateway regional chamber of commerce aims to represent and advance the business interests of its members.

The mission of the gateway chamber of commerce is to promote and enhance the economic vitality of our region by connecting businesses, fostering partnerships, and providing valuable resources and services. We are committed to advocating for a business-friendly environment, facilitating networking opportunities, and offering educational programs that empower our members to thrive in an ever-changing marketplace. As a catalyst for economic excellence, we champion the prosperity of our members while contributing to the overall well-being of the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$357,809$209,810▼ $147,999
Total Assets$357,809$209,810▼ $147,999
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$357,809$209,810▼ $147,999
Total Net Assets Fund Balance$357,809$209,810▼ $147,999
Total Liabilities and Net Assets / Fund Balance$357,809$209,810▼ $147,999
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian TangoraPresident & CEOFT$66,489$14,357$80,846

Board Members and Trustees

NameTitle
Elizabeth ManzoChair
Sandy HilenskiVice Chair
Adam ZellnerDirector
Clevonne HillaireDirector
Dan GallagherDirector
Dan SilvaDirector
Denis ConnellDirector
Ebony ParhamDirector
Eric LarsenDirector
Gary MarmoDirector
Jared StadlinDirector
John C DuncanDirector
Keith BallaDirector
Kelly MolinariDirector
Lauren YedvabDirector
Lee HoltzmanDirector
Linda WellbrockDirector
Mary BakerDirector
Miriam KoppelDirector
Oylum SekerDirector
Pamela PardesDirector
Rob LeslieDirector
Robert PuglisiDirector
Rocio EscalanteDirector
Sherryll PenneyDirector
Sheryl FolsomDirector
Todd HayDirector
Tremaine BembryDirector
Lou BeckermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$282,594
Investment Income
$17
Other Revenue
$2,031
Change in Net Assets
$-133,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$309,609
Other Expenses$108,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$170,034
Current Officers, Directors, Trustees, and Key Employees---$139,078
Fees for Services Other---$14,409
Advertising---$12,402
Conferences and Meetings---$9,248
Fees for Services Accounting---$4,729
Travel---$4,642
Office Expenses---$4,636
Insurance---$3,783
Information Technology---$2,835
Other Expenses---$1,788
Occupancy---$585
Other Employee Benefits---$497
Total Functional Expenses$0$0$0$417,975
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The chamber encourages all members to transaction business among the membership.”

Form 990, Part VI, Section A, Line 6

“All persons, firms and corporation interested in the economic well-being of union county and surrounding regions and who desire to preserve and promote the objectives of the corporation, are eligible for membership.”

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

“Any member of the chamber may submit to the nominating committee, candidates for the board of directors.”

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

“The governing bodies of the local chmabers are given descretion in recommending community organizations for grant funding.”

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

“A complete 990 is presented to the board for approval before filing.”

Form 990, Part VI, Section B, Line 12C

“The chamber's conflict policy is reviewed regularly by the president. Conflicts are disclosed and documented as they occur.”

Form 990, Part VI, Section B, Line 15

“The board's executive committee determines annual compensation for key employees, which is subject to full board approval.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon written request to the organization.”

Filing and Contact Details

Filer

Filer Name
Gateway Regional Chamber of Commerceinc
EIN
22-0887600
Phone
9083520900
Address
135 JEFFERSON AVE, ELIZABETH, NJ 07201-2423

Signing Officer

Name
Brian Tangora
Title
President & CEO
Phone
9083520900
Signed
2024-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Tangora
Formed
1911
Legal Domicile
Nj
Voting Board Members
29
Independent Board Members
29
Employees
0
Volunteers
29

Preparer

Firm
Hill Barth & King LLC
Address
101 CRAWFORDS CORNER ROAD SUITE, 2216, HOLMDEL, NJ 07733
Preparer
Kathleen M Clayton CPA
Phone
7323818887
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT & CEO
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IRS990/Form990TFiledInd01
IRS990/FormationYr01911
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt029
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0284642
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt029
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02835
IRS990/InsuranceGrp/TotalAmt03783
IRS990/InvestmentIncomeGrp/ExclusionAmt017
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
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IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE GATEWAY REGIONAL CHAMBER OF COMMERCE AIMS TO REPRESENT AND ADVANCE THE BUSINESS INTERESTS OF ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0357809
IRS990/NetAssetsOrFundBalancesEOYAmt0209810
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0209810
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IRS990/OccupancyGrp/TotalAmt0585
IRS990/OfficeExpensesGrp/TotalAmt04636
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0497
IRS990/OtherExpensesGrp/Desc0MEMBER PROGRAMS,EVENTS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2DUES, SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/TotalAmt13290
IRS990/OtherExpensesGrp/TotalAmt22844
IRS990/OtherExpensesGrp/TotalAmt31788
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0170034
IRS990/PartialLiquidationInd00
IRS990/PoliciesReferenceChaptersInd01
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IRS990/PrincipalOfficerNm0BRIAN TANGORA
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc2OTHER FEES
IRS990/ProgramServiceRevenueGrp/Desc3AFFINITY PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc4ADVERTISING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1116060
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215935
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IRS990/ProgSrvcAccomActy2Grp/Desc0WE HOST NUMEROUS EVENTS EACH YEAR INCLUDING: NETWORKING SOCIALS, EDUCATIONAL BUSINESS SEMINARS, SPECIAL INTEREST GROUP GATHERINGS, GALA AWARD DINNERS, BUSINESS EXPOS, TRADE FAIRS, AND LOCAL ACTIVITIES. IN ADDITION, OUR SIZE ALLOWS US TO NEGOTIATE SAVINGS ON BUSINESS SERVICES FOR MEMBERS, SUCH AS CREDIT CARD PROCESSING, TELECOMMUNICATIONS, TRAINING, HEALTH INSURANCE, DENTAL PROGRAMS, AND A WIDE RANGE OF OTHER SERVICES. OUR FOCUS IS TO BE AN EFFECTIVE ADVOCATE FOR THE BUSINESS COMMUNITY AT A FEDERAL, STATE AND LOCAL LEVEL. WE PUBLISH THE INSIDE BUSINESS MAGAZINE, A QUARTERLY NEWS PUBLICATION.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE GATEWAY CHAMBER SERVES AS AN UMBRELLA ORGANIZATION FOR REGIONAL AND LOCAL CHAMBERS AND NETWORKING GROUPS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0240603
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherRevenueAmt04231
IRS990/PYProgramServiceRevenueAmt0405509
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IRS990/PYTotalExpensesAmt0466415
IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0357809
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0209810
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IRS990ScheduleC/AgreeCarryoverPriorYearInd01
IRS990ScheduleC/DuesAssessmentsAmt0116060
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00

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