Old Saybrook Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 060846200
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Old Saybrook, CT, USA
- Phone
- 8603883266
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $394,716
- Expenses
- $327,067
- Assets
- $283,528
- Liabilities
- $8,285
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- DAVE CARSWELL (President)
- TONY MARINO (Vice President)
- KEVIN KENNEDY (Vice President)
Highest reported compensation
- JUDY SULLIVAN (Executive Dir.): $83,040 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The old saybrook chamber of commerce is a non-profit membership organization dedicated to enhancing the economic vitality and quality of life in the greater old saybrook area, including the nine towns commonly known as the Connecticut river estuary region. Through a core of volunteers and a professional staff, the chamber provides leadership, support and networking within the business community. The chamber hosts community events and serves as a catalyst to promote tourism, to support educational outreach, and to act as an informational resource and public relations center.
What it reported doing in 2024
The Greater Old Saybrook Chamber of Commerce has approximately 485 members. The Chamber sponsores several community events, including the Chili Fest which had MORE THAN 3,000 attendees. The 59th Annual Arts & Crafts Festival ATTRACTED APPROXIMATELY 6,000 ART ENTHUSIASTS. 350 RUNNERS PARTICIPATED IN THE SAYBROOK POINT 5K AND THE ANNUAL GOLF TOURNAMENT HAD 116 GOLFERS IN 2024. An estimated 800 individuals visited the Chamber office at the head of Main Street in 2024. The Chamber also produced a tourist guide and distributed AN ESTIMATED 20,000 copies.
Operating model
- Revenue model
- Other-operating. 65% 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
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 93
- Accountability: 84
- Sustainability: 50
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- 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: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.1%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0.87; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 25.4%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.6% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 17 of 17 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $83K · 18 people listed
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.