Nonprofit · EIN 06-0861879
MYSTIC CHAMBER OF COMMERCE INC
Tax-exempt · MYSTIC, CT 06355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $727,320 | $668,679 | $58,641 | $266,072 | $3,201 | $262,871 |
| December 31, 2023 | 990 | $634,258 | $639,271 | -$5,013 | $209,794 | $5,564 | $204,230 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $211,517
- Membership dues
- $186,434
- Program service revenue
- $515,179
- Investment income
- $624
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $97,000
- Other salaries and wages
- $124,729
- Salaries, compensation and benefits (total)
- $261,321
- Professional fundraising fees
- $0
- Accounting fees
- $17,565
- Occupancy
- $52,937
- Program services (functional)
- $666,992
- Management and general (functional)
- $1,687
Balance sheet and other
- Total assets, start of year
- $209,794
- Total assets, end of year
- $266,072
- Total liabilities, end of year
- $3,201
- Net assets, end of year
- $262,871
- Land, buildings and equipment
- $25,913
- Net assets without donor restrictions
- $262,871
- Gross receipts
- $727,320
- Employees
- 9
- Volunteers
- 25
- Year formed
- 1937
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA ARLING | CHAIR Officer | 2 | $0 |
| DAVID LABBE | VICE CHAIR Officer | 2 | $0 |
| JOHAN LIEBENBERG | TREASURER Officer | 2 | $0 |
| SHANNON MCKENZIE | SECRETARY Officer | 2 | $0 |
| CHRIS REGAN | VICE CHAIR Officer | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA ARLING | CHAIR Officer | 2 | $0 |
| DAVID LABBE | VICE CHAIR Officer | 2 | $0 |
| JOHAN LIEBENBERG | TREASURER Officer | 2 | $0 |
| SHANNON MCKENZIE | SECRETARY Officer | 2 | $0 |
| CHRIS REGAN | VICE CHAIR Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 14 HOLMES STREET, MYSTIC, CT 06355-2644
- In care of
- % JONATHAN / TRICIA
- Principal officer (990 for 2024)
- BRUCE FLAX, 22 EAST MAIN ST - 2ND FLOOR, MYSTIC, CT 06355
- Signed the 990
- BRUCE FLAX, EXECUTIVE DIRECTOR
- Phone
- (860) 572-9578
- Website
- WWW.MYSTICCHAMBER.ORG
- Return prepared by
- MYSTIC ACCOUNTING GROUP LLP
Mission
THE ORGANIZATION'S MISSION IS TO FOSTER AND PROMOTE BUSINESS FOR MEMBERS AND TO PLAY AN ACTIVE ROLE IN THE COMMUNITY, BRINGING TOGETHER THE TOWNS OF STONINGTON AND GROTON, CONNECTICUT, AND TO ADDRESS CONCERNS OF THE MYSTIC BUSINESS COMMUNITY.
Program accomplishments
- SPONSOR LOCAL FESTIVALS THAT ALLOW AREA BUSINESS TO DISPLAY THEIR PRODUCTS AND SERVICES AND ORGANIZE BUSINESS MEETINGS AND FUNCTIONS TO FOSTER EDUCATION OF THE MEMBERS AND TO PROVIDE NETWORKING OPPORTUNITES FOR MEMBERS.
- SPONSOR LOCAL FESTIVALS WHICH ALLOW AREA BUSINESS TO DISPLAY THEIR PRODUCTS OR SERVICES AND ORGANIZE BUSINESS MEETINGS AND FUNCTIONS TO FORSTER EDUCATION OF THE MEMBERS AND TO PROVIDE NETWORKING OPPORTUNITIES FOR MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-0861879
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $266,072
- Income (IRS master file)
- $727,320
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $727,320 | $668,679 | $266,072 | XML |
| 990 | December 2023 | $634,258 | $639,271 | $209,794 | XML |
| 990 | December 2022 | $676,826 | $641,654 | $225,226 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-0861879).
Questions about MYSTIC CHAMBER OF COMMERCE INC
- What is the EIN of MYSTIC CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of MYSTIC CHAMBER OF COMMERCE INC is 06-0861879.
- Is MYSTIC CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to MYSTIC CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MYSTIC CHAMBER OF COMMERCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MYSTIC CHAMBER OF COMMERCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MYSTIC CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MYSTIC CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names BRUCE FLAX.
- Who are the officers and directors of MYSTIC CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MYSTIC CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $727,320, expenses of $668,679 and total assets of $266,072 at year end.
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