THE GREATER PROVIDENCE CHAMBER OF COMMERCE Charity Report

Public IRS 990 nonprofit record

THE GREATER PROVIDENCE CHAMBER OF COMMERCE

EIN 05-0203250 · Arts, Culture & Humanities (A)

What they do

PROMOTE BUSINESSES THROUGH THE ORGANIZATION of VARIOUS MEETINGS, FUNCTIONS, and PROGRAMS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders41 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

121.66%of revenue went to mission work100.0% of expenses · Program services

$103.27spent for every $100 of revenueSpending was higher than revenue this year.

$5.98in assets for every $1 spent this yearSome assets cannot be spent right away.

1.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $59,866 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $304,395 for LAUREEN L WHITE (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,541,725

Mission workProgram services$1,875,586121.66% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,875,586121.66% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 121.66% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 109.60% of revenue

2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.57% of revenue

2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 123.12% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105.11% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 87.06% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 103.83% of revenue

2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 115.12% of revenue

Money in and money out

Revenue$1,831,268

Expenses$1,891,134

Annual shortfall $59,866 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,875,586 · 99.2% of expenses

See all reported dollar amounts

Revenue$1,831,268

Expenses$1,891,134

Assets$11,303,360

Income$4,381,590

Contributions$33,800

Mission work (program services)$1,875,586

Stocks and bonds$9,109,590

Accounting fees$23,363

Investing fees$49,675

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

LAUREEN L WHITEPRESIDENT · 40 hrs/week $304,395Base $270,449 · Other $33,946

VALERIE B MURRAYSENIOR VP/FINANCE · 40 hrs/week $176,335Base $139,912 · Other $36,423

JANET RAYMOND RETIRED 053124SENIOR VP/ECONOMIC DEVELOP · 40 hrs/week $151,347Base $134,572 · Other $16,775

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (41)

LAUREEN L WHITEPRESIDENT

VALERIE B MURRAYSENIOR VP/FINANCE

JANET RAYMOND RETIRED 053124SENIOR VP/ECONOMIC DEVELOP

MICHELE CINQUEGRANODIRECTOR

KEITH KELLYDIRECTOR

MARC CRISAFULLIDIRECTOR

MARC PARLANGEDIRECTOR

MARIE BERNARDO-SOUSADIRECTOR

MARTHA WOFFORDDIRECTOR

MEGHAN HUGHESCHAIR

MICHAEL LEEDIRECTOR

MICHAEL WAGNERDIRECTOR

TED SHALLCROSSDIRECTOR

MICHELE STRETONDIRECTOR

PATRICIA THOMPSONTREASURER

RICHARD BERETTA JRDIRECTOR

RICK METTERSDIRECTOR

ROBERT VINCENTDIRECTOR

ROSS NELSONDIRECTOR

RUSSELL CAREYDIRECTOR

STEVEN ISSADIRECTOR

E ROBERT LUPONEDIRECTOR

BRADFORD DIMEODIRECTOR

BRIAN BRITSONDIRECTOR

BRIAN SPERODIRECTOR

CHERYL MERCHANTDIRECTOR

CHRISTOPHER GRAHAMDIRECTOR

CYNTHIA BUTLERDIRECTOR

DAVID ORTIZDIRECTOR

DAVID RUBINSECRETARY

DIANA FRANCHITTODIRECTOR

KEVIN TRACYDIRECTOR

GEORGE SHUSTERDIRECTOR

HAROLD HORVATDIRECTOR

JENNIFER ROMANODIRECTOR

JEREMY CRISPDIRECTOR

JOHN FERNANDEZDIRECTOR

JONATHAN DUFFYPAST CHAIR

JOSEPH PERRONIDIRECTOR

KATE LIBERMANDIRECTOR

ALDEN ANDERSONIMMEDIATE PAST CHAIR/NOMINEE

About this charity

Recognized since: January 1942
Location: 30 EXCHANGE TERRACE, PROVIDENCE, RI 02903-1748
County: Providence
In care of: LAUREEN L WHITE
Primary officer: LAUREEN L WHITE, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailchamber@provchamber.com Phone(401) 521-5000

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: CITRIN COOPERMAN ADVISORS LLC
NTEE classification: Arts, Culture & Humanities (A)
IRS tax category: Arts, Culture & Humanities