Hunterdon County Chamber of Commerce Foundation
Nonprofit profile at a glance
- EIN
- 462604491
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2015, Form 990-N 2013
- Location
- Flemington, NJ, USA
- Phone
- 9087827115
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $211,176
- Expenses
- $344,026
- Assets
- $1,435,602
- Liabilities
- $934,385
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- CHRISTOPHER PHELAN (PRES./CEO/SE)
People named in this filing
- AMY CONOVER (BOARD MEMBER)
- NICHOLAS PELLITTA ESQ (IMMEDIATE PA)
- ROSEMARY FELLNER (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The goals of this organization are to establish a center for business & entrepreneurship and also effectively focusing the skills and resources of the greater hunterdon county business community through business resources, economic & workforce development, leadership development, tourism, philanthropy, and the promotion of the civic, educational, cultural, and economic interest of the region.
What it reported doing in 2024
Leadership hunterdon, a program initiated in 2012 by the hunterdon county chamber of commerce, was created to transform people to become trustees of our communities, to become leadership resources, and work for the betterment of hunterdon county. One of the goals for participants in leadership hunterdon is to develop strong leadership qualities within their respective organizations. Individuals are able to enhance their decision making and strategic thinking and acquire in-depth exposure to hunterdon county business leaders, community leaders, non-profit leaders and political leadership. The class is made up of individuals from local businesses and non-profit organizations that have a passion to learn about hunterdon county as well as themselves. For nine months, the class becomes immersed in a "behind the scenes" overview of hunterdon county that explores the many facets that shape the current make-up of the county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 total spending goes to programs and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.5%; rating input score 70
- Program expense ratio: 43.3%; rating input score 43
- Fundraising efficiency: $8.8 raised per $1 spent on fundraising; rating input score 36; 36th 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: -62.9%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 4.17; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 13.1% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 70.5% of revenue deployed · 43.3% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $149K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 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.
- Moderate — Financial Efficiency: Program expense ratio scored 43/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- High — Sustainability: Operating margin scored 4/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 9/100.