Monmouth Regional Chamber Of Commerce Inc

Monmouth Regional Chamber Of Commerce shows stable finances with no reported officer compensation, though 2023 filing indicates zero assets and liabilities.

EIN: 210724285 · Freehold, NJ · NTEE: S41 · Updated: 2026-03-28

$256KRevenue

$129KAssets

85/100Mission Score (Excellent)

S41

About Monmouth Regional Chamber Of Commerce Inc

Monmouth Regional Chamber Of Commerce Inc (EIN: 210724285) is a nonprofit organization based in Freehold, NJ, classified under NTEE code S41. The organization reported total revenue of $256K and total assets of $129K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth Regional Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Monmouth Regional Chamber Of Commerce Inc demonstrates a generally stable financial position, with revenues consistently covering expenses in most recent years. For instance, in 2023, the organization reported revenues of $262,649 against expenses of $246,417, indicating a surplus. However, there have been periods of deficit spending, such as in 2022 where expenses ($237,681) exceeded revenues ($195,858). The organization's assets have fluctuated, reaching a high of $227,957 in 2018 but showing $0 in assets and liabilities in the latest 2023 filing, which could indicate a change in reporting or asset management. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for donor confidence regarding administrative overhead.

Spending efficiency appears reasonable given the nature of a chamber of commerce, which typically focuses on member services and community engagement. Without a detailed breakdown of program vs. administrative expenses, it's challenging to precisely quantify efficiency, but the overall financial health suggests operations are sustainable. The lack of reported officer compensation is a significant strength in terms of minimizing administrative costs. The organization's consistent filing of IRS Form 990s over many years demonstrates a commitment to transparency, providing a clear historical record of its financial activities.

While the 2023 filing shows $0 for both assets and liabilities, which is unusual and warrants further investigation, the overall trend points to a well-established entity. The organization's ability to generate consistent revenue streams, primarily from membership and events, supports its mission. The absence of executive compensation is a strong positive for spending efficiency, implying that a significant portion of funds can be directed towards its core activities of supporting local businesses and economic development.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Monmouth Regional Chamber Of Commerce Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Monmouth Regional Chamber Of Commerce Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for minimizing administrative overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Monmouth Regional Chamber Of Commerce Inc's IRS 990 filings:

Unusual $0 assets and liabilities reported in the latest 2023 filing, requiring further clarification.
Periods of deficit spending, such as in 2022 and 2021, where expenses exceeded revenue.

Strengths

The following positive indicators were identified for Monmouth Regional Chamber Of Commerce Inc:

Consistent reporting of 0% officer compensation across all filings, indicating low administrative overhead.
Long history of IRS 990 filings, demonstrating transparency and stability.
Generally stable revenue generation, with surpluses in several recent years (e.g., 2023, 2020, 2018, 2017).
Positive net assets in most years prior to the 2023 filing, indicating financial reserves.

Frequently Asked Questions about Monmouth Regional Chamber Of Commerce Inc

Is Monmouth Regional Chamber Of Commerce Inc a good charity?

Based on the available financial data, the organization appears to be a well-managed entity with consistent revenue generation and no reported officer compensation, which are positive indicators. Its long filing history also suggests stability and transparency.

Why are assets and liabilities reported as $0 in the 2023 filing?

The $0 reported for assets and liabilities in the 2023 filing is unusual and could indicate a change in accounting practices, a reporting error, or that the organization's financial structure is such that it holds no significant assets or liabilities at year-end. Further investigation into the full 990 form would be needed for clarification.

How does the organization's revenue compare to its expenses over time?

The organization generally maintains a healthy balance, with revenues often exceeding expenses (e.g., 2023: $262,649 revenue vs. $246,417 expenses). However, there have been periods of deficit spending, such as in 2022 ($195,858 revenue vs. $237,681 expenses) and 2021 ($176,722 revenue vs. $217,897 expenses), suggesting some variability in financial performance.

Filing History

IRS 990 filing history for Monmouth Regional Chamber Of Commerce Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Monmouth Regional Chamber Of Commerce Inc's revenue has grown by 16.6%, moving from $225K to $263K. Total assets decreased by 100% over the same period, from $51K to $0. Total functional expenses rose by 14.2%, from $216K to $246K. In its most recent filing year (2023), Monmouth Regional Chamber Of Commerce Inc reported a surplus of $16K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$263K	$246K	$0	$0	—	View 990
2022	$196K	$238K	$84K	$74K	—	View 990
2021	$177K	$218K	$115K	$79K	—	View 990
2020	$153K	$111K	$181K	$105K	—	—
2018	$323K	$245K	$228K	$85K	—	View 990
2017	$259K	$199K	$220K	$155K	—	View 990
2016	$202K	$179K	$82K	$80K	—	View 990
2015	$198K	$183K	$87K	$107K	—	View 990
2014	$126K	$210K	$70K	$105K	—	View 990
2013	$182K	$189K	$48K	$435	—	View 990
2012	$204K	$188K	$58K	$3K	—	View 990
2011	$225K	$216K	$51K	$11K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $263K, expenses of $246K, and assets of $0 (revenue +34.1% year-over-year).
2022: Revenue of $196K, expenses of $238K, and assets of $84K (revenue +10.8% year-over-year).
2021: Revenue of $177K, expenses of $218K, and assets of $115K (revenue +15.5% year-over-year).
2020: Revenue of $153K, expenses of $111K, and assets of $181K (revenue -52.6% year-over-year).
2018: Revenue of $323K, expenses of $245K, and assets of $228K (revenue +24.8% year-over-year).
2017: Revenue of $259K, expenses of $199K, and assets of $220K (revenue +28.3% year-over-year).
2016: Revenue of $202K, expenses of $179K, and assets of $82K (revenue +1.9% year-over-year).
2015: Revenue of $198K, expenses of $183K, and assets of $87K (revenue +56.7% year-over-year).
2014: Revenue of $126K, expenses of $210K, and assets of $70K (revenue -30.5% year-over-year).
2013: Revenue of $182K, expenses of $189K, and assets of $48K (revenue -10.8% year-over-year).
2012: Revenue of $204K, expenses of $188K, and assets of $58K (revenue -9.4% year-over-year).
2011: Revenue of $225K, expenses of $216K, and assets of $51K.

Data Sources and Methodology

This transparency report for Monmouth Regional Chamber Of Commerce Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.