EIN 82-3342211

Massachusetts LGBT Chamber of Commerce

IRS 501(c) type
501(c)(6)
Num. employees
11
City
Year formed
2017
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The organization is a small, lean non-profit powered by hundreds of brilliant lgbt-owned businesses and the commonwealth's largest, most innovative and profitable corporations.
Also known as...
Ma LGBT Chamber
Total revenues
$1,625,602
2022
Total expenses
$1,827,189
2022
Total assets
$226,409
2022
Num. employees
11
2022

Program areas at Massachusetts LGBT Chamber of Commerce

The organization promoted economic growth and opportunities through membership services, education, public awareness, networking and public policy through the following activities: - annual founding member meeting: roundtable discussion and workshop lead by our partners from babson business college with our founding small business members to discuss the diverse needs of their businesses. At this meeting we discussed the core ideas for our value proposition for small businesses. Jennifer bethel, professor of finance at babson college, ran a successful case study to better educate our founding small businesses about best and next business practices when it comes to diversity and inclusion. (continued on schedule o)(continued from 990 page 2, line 4a) - equality and equity: advancing the LGBT community in Massachusetts: board member karen young participated in a panel hosted by the boston foundation to discuss the economic and social status of the LGBT community of Massachusetts. The panel was part of a larger event centered around the release of the boston foundation's "state of the LGBT community in ma" report. Karen took part in the panel examining the report's findings regarding topics such as discrimination against the transgender community and the lack of support systems for elderly LGBT people. - working #outhere panel: grace moreno was a panelist on the working #outhere panel, hosted by out in tech and liberty mutual. The panel brought together notable LGBT professionals and allies and focused on notions of self-identity and being openly LGBT in the workplace. Grace participated as an out-and-proud executive and representative of the ma LGBT Chamber. - corporate roundtable: hosted at 50 milk street, this roundtable focused on and accomplished the following goals. Identifying, engaging with, and communicating the needs of lgbt-owned and allied businesses. Advancing corporate supplier management practices to better include lgbt-owned businesses. And lastly, collectively sharing best practices and establishing practical practices - like job boards - that will enable corporations to deliver their commitment to hiring LGBT talent. - the ma LGBT Chamber of Commerce - public launch: publicly announced the launch of the ma LGBT Chamber of Commerce at the federal reserve bank. This program garnered public and media attention to our organization, and we highlighted the civic importance of diversity and inclusion with a speech from mayor of holyoke, alex b. morse. We also provided a networking opportunity for small LGBT and ally-owned businesses to meet with our founding corporate partners and sponsors. - inner city capital connections conference: three member businesses and the executive director of the malgbtcc participated in the icic cohort of 2022, gaining appreciation and knowledge of the program. The small businesses were able to gain the skills to strengthen their companies and the Chamber found additional ways to partner with the organization.

Who funds Massachusetts LGBT Chamber of Commerce

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Massachusetts LGBT Business NetworkPersonnel Expenses$295,000
The Hanover Insurance Group FoundationCharitable Contribution$10,000

Personnel at Massachusetts LGBT Chamber of Commerce

NameTitleCompensation
Grace MorenoExecutive Director$229,519
James LopataPresident$0
Nancy StagerTreasurer$0
Karen YoungClerk$0

Financials for Massachusetts LGBT Chamber of Commerce

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,109,500
Program services$460,850
Investment income and dividends$0
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$55,252
Total revenues$1,625,602

Form 990s for Massachusetts LGBT Chamber of Commerce

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-09-14990View PDF
2020-122021-11-15990View PDF
2019-122021-06-25990View PDF
2018-122020-06-11990OView PDF
Data update history
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from The Hanover Insurance Group Foundation
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 18, 2023
Updated personnel
Identified 1 new personnel
June 10, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from The Hanover Insurance Group Foundation Inc The Hanover Insurance Group Foundation
Nonprofit Types
Trade associationsChambers of commerceBusiness and community development organizations
Issues
LGBTQBusiness and industry
Characteristics
MembershipsPolitical advocacyState / local levelReceives government funding
General information
Address
50 Milk St
Boston, MA 02109
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
malgbtcc.org/ 
Phone
(857) 529-8010
IRS details
EIN
82-3342211
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
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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