GREATER BOSTON CHAMBER OF COMMERCE FOUNDATIONINC(FKA GREATER BOSTON CORP)

EIN: 042790704 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$2,008,455
Total Expenses
$1,101,094
Total Assets
$1,015,776
Net Assets
$797,572
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MA
Principal Officer
JAMES E ROONEY
Phone
6172274500
Tax Period
2023-01-01 to 2023-12-31

GREATER BOSTON CHAMBER OF COMMERCE FOUNDATIONINC(FKA GREATER BOSTON CORP), founded in 1984, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $907K, a strong 45% operating margin.

Mission

TRANSFORM THE LIVES OF CURRENT AND FUTURE RESIDENTS BY LEVERAGING THE COMMONWEALTH'S UNTAPPED TALENT, CHAMPIONING SMALL BUSINESSES AND CREATING TOMORROW'S LEADERS IN SUPPORT OF A 21ST CENTURY ECONOMY

Program Service Accomplishments

Program 1
Expenses: $1,058,046 Revenue: $2,008,455

CIVIC PROJECTS - FUND PROJECTS WHICH ARE CONSISTENT WITH THE PURPOSES FOR WHICH THE CORPORATION WAS CREATED: PUBLIC HEALTH, EDUCATION AND SOCIAL WELFARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,008,455
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,008,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,058,046
Other Expenses $1,101,094
TOTAL EXPENSES $1,101,094

Year-over-Year Comparison

2023 2022 Change
Revenue $2,008,455 N/A N/A
Expenses $1,101,094 N/A N/A
Net Income $907,361 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$835,014
Total Directors
5
$0
Key Employees
2
$490,664
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YVONNE GARCIA DIRECTOR 0.20
Director
$0 $0 $0
CHARLAYNE MURRELL-SMITH DIRECTOR 0.20
Director
$0 $0 $0
SANDRA EDGERLY DIRECTOR 0.20
Director
$0 $0 $0
VERONIQUE SPRUILL DIRECTOR 0.20
Director
$0 $0 $0
KEVIN BYNOE DIRECTOR 0.20
Director
$0 $0 $0
ABIGAIL PAUL TREASURER/DIRECTOR 1.50
Officer
$0 $0 $0
JAMES E ROONEY PRESIDENT/CHAIRMAN 50.00
Officer
$0 $25,712 $835,014
MELISSA SAMPSON MCMORROW CLERK 0.20
Officer
$0 $0 $0
CELIA RICHA SENIOR VP, STRATEGIC INITIATIVES & POLICY 1.00
Key Emp
$0 $31,491 $285,606
BEILEI HUANG SENIOR DIRECTOR, FINANCE & ADMINISTRATION 1.00
Key Emp
$0 $26,727 $205,058
BENJAMIN STUART VP, FINANCE & TECHNOLOGY 1.00
Highest
$0 $25,717 $174,053
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,008,455 $1,101,094 $1,015,776 $907,361
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