TY 2023 Form 990EZ

Form990EZ

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

Do not enter social security numbers on this form as it may be made public.

Go to www.irs.gov/Form990EZ for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
MADISON CHAMBER OF COMMERCE

Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 706
Room/suite

City or town, state or province, country, and ZIP or foreign postal code MADISON, CT06443

D Employer identification number

22-2536920

E Telephone number

(203) 589-8138

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? TO SUPPORT THE BUSINESS COMMUNITY IN TOWN TO THE END RESULT THAT MADISON IS THRIVING BOTH FISCALLY AND CULTURALLY.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 THE MADISON CHAMBER OF COMMERCE WORKS WITH LOCAL BUSINESSES AND CHAMBER MEMBERS TO PROVIDE EVENTS IN THE COMMUNITY OF MADISON, CT. THESE EVENTS ARE, BUT NOT LIMITED TO, SEVERAL BUSINESSES NETWORK EVENTS, THREE DOWNTOWN COMMUNITY EVENTS, AND THREE EVENTS NEAR THE TOWN GREEN. ALL OF WHICH ARE MARKETED LOCALLY, AND REGIONALLY, TO SUPPORT ECONOMIC DEVELOPMENT AND OUR BUSINESS COMMUNITY. (Grants $ ) If this amount includes foreign grants, check here ...		28a
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
JOHN MATHERS President	1.00	0
OLANDO PETGRAVE PRESIDENT ELECT	1.00	0
CRAIG BERNARD Treasurer	1.00	0
RACHEL BLUNDON Secretary	1.00	0
TINA BASCOM Director	1.00	0
JOHN BRADY Director	1.00	0
JOHN CENERI Director	1.00	0
AUSTIN HALL Director	1.00	0
PAUL HARRIS Director	1.00	0
ALYSSA INGRAM Director	1.00	0
ANNE-MARIE PAGLI Director	1.00	0
CARLA SNOWDON Director	1.00	0
BRUCE WILSON Director	1.00	0
SANDY LONG Director	1.00	0
MICHAEL PERRY Director	1.00	0
PETER SCRANTON Director	1.00	0
MARY-KATE GOBLECK Director	1.00	0
DAWN JACKSON Executive Dir.	40.00	0

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes," complete Schedule L, Part I

40b

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE


Name of organization MADISON CHAMBER OF COMMERCE	Employer identification number 22-2536920
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)


Name of organization MADISON CHAMBER OF COMMERCE	Employer identification number 22-2536920
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $128
Other Expenses.1002	Office Expenses $1262
Other Expenses.1003	Information Technology $1741
Other Expenses.1005	Travel $97
Other Expenses.1012	Insurance $2136
Other Expenses.1	PROGRAM SERVICE EXPENSES $12578
Other Expenses.2	OTHER OPERATING EXPENSES $11158
Other Expenses.3	TOWN OF MADISON $7883
Other Expenses.4	BANK FEES $1121
Other Expenses.5	TELEPHONE $859
Other Expenses.6	DUES & SUBSCRIPTIONS $828
Other Expenses.7	CHAMBER NATION $597
Other Expenses.8	PAYROLL FEES $145
Other Assets.1	DDA - Beginning $1000 DDA - Ending $1000
Other Assets.2	UNDEPOSITED FUNDS - Beginning $1551 UNDEPOSITED FUNDS - Ending $0

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $128

Other Expenses.1002

Office Expenses $1262

Other Expenses.1003

Information Technology $1741

Other Expenses.1005

Travel $97

Other Expenses.1012

Insurance $2136

Other Expenses.1

PROGRAM SERVICE EXPENSES $12578

Other Expenses.2

OTHER OPERATING EXPENSES $11158

Other Expenses.3

TOWN OF MADISON $7883

Other Expenses.4

BANK FEES $1121

Other Expenses.5

TELEPHONE $859

Other Expenses.6

DUES & SUBSCRIPTIONS $828

Other Expenses.7

CHAMBER NATION $597

Other Expenses.8

PAYROLL FEES $145

Other Assets.1

DDA - Beginning $1000 DDA - Ending $1000

Other Assets.2

UNDEPOSITED FUNDS - Beginning $1551 UNDEPOSITED FUNDS - Ending $0

1	Contributions, gifts, grants, and similar amounts received ....................	1	10,000
2	Program service revenue including government fees and contracts ................	2	23,125
3	Membership dues and assessments .............................	3	24,325
4	Investment income ....................................	4	2,400
5a	Gross amount from sale of assets other than inventory .......	5a	23,139
b	Less: cost or other basis and sales expenses ............	5b	21,591
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c	1,548
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	61,398

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-29,406
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	195,108
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20	4,332
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	170,034

Sign Here

	Signature of officer	Date

	Type or print name and title

Software ID:	23017517
Software Version:	2023v5.1

Software ID:	23017517
Software Version:	2023v5.1

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12	43,907
13	Professional fees and other payments to independent contractors ............	13	5,255
14	Occupancy, rent, utilities, and maintenance ...................	14	983
15	Printing, publications, postage, and shipping ...................	15	126
16	Other expenses (describe in Schedule O) ...................	16	40,533
17	Total expenses. Add lines 10 through 16 .................	17	90,804


Name of organization MADISON CHAMBER OF COMMERCE			Employer identification number 22-2536920
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.