Edison Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 221841265
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Edison, NJ, USA
- Phone
- 7327389482
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $321,214
- Expenses
- $305,475
- Assets
- $144,825
- Liabilities
- $100,850
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JOE COYLE (PRESIDENT/CEO)
Highest reported compensation
- JOE COYLE (PRESIDENT/CEO): $74,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o part i, line 1 description of organization mission:
What it reported doing in 2024
State of township dinner - networking, fundraising, recognizes edisontownships best people, companies & organizations for theiraccomplishments.
Operating model
- Revenue model
- Other-operating. 65% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 90
- Accountability: 61
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.7%; rating input score 52
- Program expense ratio: 54.3%; rating input score 54
- Fundraising efficiency: $0.73 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 96%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.9%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 2.6% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -10.6% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 51.7% of revenue deployed · 54.3% of spending went to programs
- Governance: 24 of 25 board members independent · 1 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $166K in reported program spending
- Leadership: top reported pay $74K · 8 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Financial Efficiency: Fundraising efficiency scored 5/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.