Gateway Regional Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 220887600
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025
- Location
- Springfield, NJ, USA
- Phone
- 9083520900
- Rating confidence
- Limited
Reported finances
- Revenue
- $402,746
- Expenses
- $445,461
- Assets
- $115,325
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- ADAM ZELLNER (PRESIDENT)
- EBONY PARHAM (VICE PRESIDENT | BROKER-ASSOCIATE)
- ERIK LARSEN (SENIOR VICE PRESIDENT)
- JARED STADLIN (PRESIDENT)
- MICHAEL CLAISSE (EXECUTIVE VICE PRESIDENT)
- MICHAEL PETRUCCI (FIRST VICE PRESIDENT / MARKET SALES MANAGER)
Highest reported compensation
- BRIAN TANGORA (PRESIDENT & CEO): $134,486 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The gateway regional chamber of commerce aims to represent and advance the business interests of its members 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.
What it reported doing in 2025
The gateway regional chamber of commerce is a leading business organization in the region. Established in 1911, one of the chamber's founding members was john d. Rockefeller. Today, the gateway regional chamber is the largest business association in northern New Jersey with members ranging from fortune 100 corporations to entrepreneurial businesses. With a focus on serving members in union, essex, middlesex, and somerset counties, we are the only multi-county association in northern and central New Jersey. We have a unique structure of serving as an umbrella organization for a number of regional and local chambers and networking groups in its regional footprint.
Operating model
- Revenue model
- Other-operating. 73% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 90
- Sustainability: 23
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -10.6%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 30.2%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -3.7% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: -7.5% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -4.9% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 28 of 28 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $134K · 28 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.