The Greater Fort Lee Chamber Of Commerce
Fort Lee Chamber of Commerce: Consistent Revenue, Fluctuating Expenses
EIN: 221848983 · Fort Lee, NJ · NTEE: S41 · Updated: 2026-04-04
About The Greater Fort Lee Chamber Of Commerce
The Greater Fort Lee Chamber Of Commerce (EIN: 221848983) is a nonprofit organization based in Fort Lee, NJ, classified under NTEE code S41. The organization reported total revenue of $238K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Greater Fort Lee Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Greater Fort Lee Chamber Of Commerce with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Greater Fort Lee Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.
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 The Greater Fort Lee Chamber Of Commerce's IRS 990 filings:
- Significant fluctuation in expenses relative to revenue across years, e.g., 2024 expenses of $214,119 against revenue of $222,459, compared to 2023 expenses of $118,168 against revenue of $101,316.
- Lack of explicit breakdown for program, administrative, and fundraising expenses in the provided data, requiring assumptions for spending breakdown.
Strengths
The following positive indicators were identified for The Greater Fort Lee Chamber Of Commerce:
- Consistent revenue generation over several years, indicating stable operational capacity.
- Positive net assets in most years, suggesting financial stability.
- No reported liabilities in most recent years (2024, 2023, 2022, 2018, 2017, 2016), indicating good financial health.
Frequently Asked Questions about The Greater Fort Lee Chamber Of Commerce
What does The Greater Fort Lee Chamber Of Commerce do?
The Greater Fort Lee Chamber Of Commerce is a nonprofit organization in the Community Improvement sector, located in Fort Lee, New Jersey. It is classified under NTEE code S41.
How much revenue does The Greater Fort Lee Chamber Of Commerce have?
The Greater Fort Lee Chamber Of Commerce reported total revenue of $238,310. Based on 13 IRS 990 filings on record.
What are The Greater Fort Lee Chamber Of Commerce's total assets?
The Greater Fort Lee Chamber Of Commerce holds total assets of $57,274 as reported in IRS 990 filings.
Where is The Greater Fort Lee Chamber Of Commerce located?
The Greater Fort Lee Chamber Of Commerce is based in Fort Lee, New Jersey.
What is The Greater Fort Lee Chamber Of Commerce's EIN?
The Greater Fort Lee Chamber Of Commerce's Employer Identification Number (EIN) is 221848983. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Greater Fort Lee Chamber Of Commerce?
The Greater Fort Lee Chamber Of Commerce is classified under NTEE code S41 (Community Improvement).
Is The Greater Fort Lee Chamber Of Commerce a registered 501(c)(3)?
Yes, The Greater Fort Lee Chamber Of Commerce is recognized as a tax-exempt organization by the IRS. EIN: 221848983.
Does The Greater Fort Lee Chamber Of Commerce file IRS Form 990?
Yes, The Greater Fort Lee Chamber Of Commerce has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was The Greater Fort Lee Chamber Of Commerce's revenue in 2024?
In the 202406 filing period, The Greater Fort Lee Chamber Of Commerce reported total revenue of $222,459, total expenses of $214,119, and net assets of $65,262.
Is The Greater Fort Lee Chamber Of Commerce's revenue growing or declining?
The Greater Fort Lee Chamber Of Commerce's revenue is growing. Revenue went from $101,316 (202306) to $222,459 (202406), a +119.6% change. Based on 13 filings on record.
What is The Greater Fort Lee Chamber Of Commerce's most recent 990 filing?
The most recent IRS Form 990 filing for The Greater Fort Lee Chamber Of Commerce covers tax period 202406. It shows revenue of $222,459, expenses of $214,119, total assets of $65,262, and liabilities of N/A.
How much does The Greater Fort Lee Chamber Of Commerce spend on programs vs administration?
Based on IRS 990 analysis, The Greater Fort Lee Chamber Of Commerce allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is The Greater Fort Lee Chamber Of Commerce a trustworthy charity?
Based on AI analysis of IRS 990 data, The Greater Fort Lee Chamber Of Commerce shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for The Greater Fort Lee Chamber Of Commerce?
The following concerns were identified: Significant fluctuation in expenses relative to revenue across years, e.g., 2024 expenses of $214,119 against revenue of $222,459, compared to 2023 expenses of $118,168 against revenue of $101,316.. Lack of explicit breakdown for program, administrative, and fundraising expenses in the provided data, requiring assumptions for spending breakdown.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Greater Fort Lee Chamber Of Commerce's strengths?
Positive indicators for The Greater Fort Lee Chamber Of Commerce include: Consistent revenue generation over several years, indicating stable operational capacity.. Positive net assets in most years, suggesting financial stability.. No reported liabilities in most recent years (2024, 2023, 2022, 2018, 2017, 2016), indicating good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does The Greater Fort Lee Chamber Of Commerce compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Greater Fort Lee Chamber Of Commerce?
• Financial data is consistently available through 990 filings. • The organization's spending breakdown is not explicitly detailed in the provided data, requiring estimation. • No specific transparency reports or policies are referenced in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the significant increase in revenue and expenses in 2024 compared to previous years?
In 2024, revenue surged to $222,459 from $101,316 in 2023, with expenses also rising to $214,119 from $118,168. This substantial increase suggests a potential expansion of activities, new initiatives, or a significant event that generated both higher income and associated costs.
How does the organization manage its assets given the fluctuations in total assets over time?
Total assets have varied, from a high of $126,283 in 2017 to a low of $41,343 in 2020, and currently stand at $65,262 in 2024. This fluctuation indicates a dynamic asset management strategy, possibly involving investments, divestments, or varying cash reserves based on operational needs and economic conditions.
Filing History
IRS 990 filing history for The Greater Fort Lee Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), The Greater Fort Lee Chamber Of Commerce's revenue has grown by 117.5%, moving from $102K to $222K. Total assets increased by 6.5% over the same period, from $61K to $65K. Total functional expenses rose by 243.1%, from $62K to $214K. In its most recent filing year (2024), The Greater Fort Lee Chamber Of Commerce reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $222K | $214K | $65K | $0 | — | — |
| 2023 | $101K | $118K | $62K | $0 | — | — |
| 2022 | $117K | $104K | $79K | $0 | — | — |
| 2021 | $129K | $116K | $79K | $13K | — | — |
| 2020 | $118K | $124K | $41K | $2K | — | — |
| 2018 | $139K | $169K | $88K | $0 | — | View 990 |
| 2017 | $163K | $131K | $126K | $0 | — | View 990 |
| 2016 | $131K | $125K | $94K | $0 | — | View 990 |
| 2015 | $123K | $120K | $88K | $0 | — | View 990 |
| 2014 | $102K | $113K | $86K | $0 | — | View 990 |
| 2013 | $81K | $108K | $101K | $5K | — | View 990 |
| 2012 | $79K | $76K | $89K | $835 | — | View 990 |
| 2011 | $102K | $62K | $61K | $101 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $222K, expenses of $214K, and assets of $65K (revenue +119.6% year-over-year).
- 2023: Revenue of $101K, expenses of $118K, and assets of $62K (revenue -13.7% year-over-year).
- 2022: Revenue of $117K, expenses of $104K, and assets of $79K (revenue -9.0% year-over-year).
- 2021: Revenue of $129K, expenses of $116K, and assets of $79K (revenue +9.4% year-over-year).
- 2020: Revenue of $118K, expenses of $124K, and assets of $41K (revenue -15.3% year-over-year).
- 2018: Revenue of $139K, expenses of $169K, and assets of $88K (revenue -14.7% year-over-year).
- 2017: Revenue of $163K, expenses of $131K, and assets of $126K (revenue +25.1% year-over-year).
- 2016: Revenue of $131K, expenses of $125K, and assets of $94K (revenue +6.4% year-over-year).
- 2015: Revenue of $123K, expenses of $120K, and assets of $88K (revenue +19.9% year-over-year).
- 2014: Revenue of $102K, expenses of $113K, and assets of $86K (revenue +26.9% year-over-year).
- 2013: Revenue of $81K, expenses of $108K, and assets of $101K (revenue +2.5% year-over-year).
- 2012: Revenue of $79K, expenses of $76K, and assets of $89K (revenue -23.1% year-over-year).
- 2011: Revenue of $102K, expenses of $62K, and assets of $61K.
Data Sources and Methodology
This transparency report for The Greater Fort Lee Chamber Of Commerce 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.