Ocean Grove Area Chamber of Commerce

Nonprofit profile at a glance

EIN
222761536
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Ocean Grove, NJ, USA
Phone
7327741391
Rating
49
Verdict
MIXED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$127,365
Expenses
$136,061
Assets
$32,993
Liabilities
$15,219

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • LAURA CHECKI (President)
  • VALERIE GREEN (Vice President)
  • PETE BURBELA (PAST PRESIDENT)

People named in this filing

  • JESSICA THOMPSON (Executive Dir.)
  • REBECCA CAVANAUGH (PAS EXEC DIREC)
  • LAURA CHECKI (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The chamber had over 100 business dues paying members. The chamber held 6 fee generating events plus several other to promote the area. With over 800 participants. They also supported other organizations and events in the town for community well being.

What it reported doing in 2024

The chamber had 90 business dues paying members. The chamber held 6 fee generating events plus several others to pormote the area with over 800 participants. They also supported other organizations and events in the town for community well being.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 92% 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

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 25
  • Transparency & Controls: 82
  • Sustainability: 17
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.5%; rating input score 26
  • Program expense ratio: 23.9%; rating input score 24

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -6.8%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 45%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: -0.4% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 25.5% of revenue deployed · 23.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Financial Efficiency: Mission deployment rate scored 26/100.
  • High — Financial Efficiency: Program expense ratio scored 24/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.