EIN 03-0184299

Vermont Chamber of Commerce

IRS 501(c) type
501(c)(6)
Num. employees
25
City
Montpelier
State
Year formed
1950
Most recent tax filings
2023-09-01
NTEE code, primary
Description
To advance the Vermont economy by working and supporting a vibrant business climate with a lens of diversity, equity, and inclusion. We advocate, build community, and provide resources for businesses statewide. To create an economic climate conducive to business growth and the preservation of the Vermont quality of life.
Total revenues
$1,571,837
2023
Total expenses
$1,779,351
2023
Total assets
$1,985,133
2023
Num. employees
25
2023

Program areas at Vermont Chamber of Commerce

Travel and tourism: the Chamber publishes and distributes one tourism guidebook annually, the Vermont annual inspiration guide, and manages a statewide tourism business directory. Members and non-members can purchase advertisements and listings in the magazine and directory, which are both print and web-based. Members are provided a discount as a benefit of membership, which furthers the Chamber's mission to create an economic climate conducive to business growth. Expenses related to travel and tourism consist primarily of printing and distribution costs, as well as the salaries and benefits for advertising sales and support staff.
Membership: the Chamber's membership base is comprised of roughly 1,000 Vermont businesses that pay dues annually in an amount based on the size of the business. Membership program expenses consist primarily of those relating to sales personnel and member recruitment and retention.
Events: the Chamber hosts several events throughout the year, generating revenue from sponsorships, exhibition booth sales and general admission. The largest events include the Vermont economic conference, the manufacturing summit and the citizen of the year awards. Expenses related to events are related to event management and support personnel, as well as facility rental, catering and promotional costs.
Governmental affairs: there are four lobbyists employed by the Chamber who advocate on behalf of Vermont businesses on issues identified as important to members. This is viewed as a significant benefit of membership in the Chamber and does not generate direct revenue. Expenses are primarily personnel-related, and also include any outside consulting fees paid. Vace: the Chamber was the administrator for the vace insurance program, a group dental and vision insurance association plan. The vace association plan covered nearly 1,000 small businesses in Vermont. All premium billing, enrollments and customer service were handled by the Chamber staff. Revenue to the Chamber was in the form of monthly administrative contract fees based on the number of subscribers at the end of each month. Expenses relate to salaries, benefits and postage.

Personnel at Vermont Chamber of Commerce

NameTitleCompensation
Betsy bishopSecretary
Chris CarriganVice President Business Development
Amy SpearVice President Tourism
Megan SullivanVice President
Hazel BrewsterDirector Public Relations
...and 16 more key personnel

Financials for Vermont Chamber of Commerce

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$1,554,788
Investment income and dividends$16,817
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$232
Total revenues$1,571,837

Form 990s for Vermont Chamber of Commerce

Fiscal year endingDate received by IRSFormPDF link
2023-092024-02-09990View PDF
2022-092023-02-13990View PDF
2021-092022-03-14990View PDF
2020-092021-06-30990View PDF
2019-092020-10-05990View PDF
...and 9 more Form 990s
Data update history
May 22, 2024
Updated personnel
Identified 2 new personnel
December 17, 2023
Updated personnel
Identified 9 new personnel
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 3 new personnel
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsChambers of commerceBusiness and community development organizations
Issues
Business and industry
Characteristics
MembershipsState / local level
General information
Address
PO Box 37
Montpelier, VT 05601
County
Washington County, VT
Website URL
vtchamber.com/ 
Phone
(802) 223-3443
Facebook page
vtchamber 
Twitter profile
@vtchamber 
IRS details
EIN
03-0184299
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1950
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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