The Chamber is organized for the purpose of advancing the economic, industrial, professional, cultural and civic welfare of the greater fall river area in order to encourage the growth of existing businesses and industries while giving all proper assistance to new firms or individuals seeking to locate in the greater fall river area. The Chamber fulfills its purpose through providing networking, educational, cost reducing and referrals services along with advocacy for the benefit of the membership.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 126 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $17K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$288K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$323K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 33 voting members
Looks good: 31 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+32% vs prior year
Spent
$1.2M
To programs
0%
Net assets
$408K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$970K
FY2021$1.6M
FY2022$1.5M
FY2023$1.2M
FY2024$910K
FY2025$1.2M
Expenses
$1.2M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$951K
FY2021$1.2M
FY2022$1.4M
FY2023$1.2M
FY2024$1.1M
FY2025$1.2M
Net assets
$408K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$326K
FY2021$690K
FY2022$711K
FY2023$640K
FY2024$401K
FY2025$408K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

34 people listed on the 990; $288K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ceosecretary
$143,904Pt VII · Sec A
Ceosecretary
$143,904Pt VII · Sec A
At Large
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair - Small Business
$0Pt VII · Sec A
Vice Chair - Governance Committee
$0Pt VII · Sec A

Michael Osullivan’s $144K as Ceosecretary is at the 43rd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Osullivan$143,904$134,027$128,582———
Michael O'Sullivan$143,904——$124,788$117,615$102,691
Frederick Kidder——$128,634$124,895$126,979$115,313

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes economic growth in southeastern Massachusetts by providing networking, education, advocacy, and referral services to support local businesses and attract new enterprises.

Questions for One Southcoast Chamber

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2025
01

Chamber of Commerce serving 19 communities in the South Coast of Massachusetts

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$37K
Grants paid · 3 grants · $243K · 2020–2022

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$773K
Fees for servicesLn 2g$410K
Other incomeLn 4–11$21K
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$408K
net assets · Ln 32
Cash and savingsLn 1–2$313K
Total assetsLn 16$731K
LiabilitiesLn 26$323K
PeoplePt VI, VII
34
listed · VII A
PaidVII A2
Voting boardVI 1a33
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$773K
Government grantsLn 1e$59K
Noncash giftsLn 1g$4K
Fees for servicesLn 2g$410K
Investment incomeLn 3$626
Other incomeLn 4–11$21K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$139K
SavingsLn 2$174K
Cash and savings togetherLn 1–2$313K
Land, buildings, equipmentLn 10c$129K
Other assetsLn 15$248K
Total assetsLn 16$731K
LiabilitiesLn 26$323K
Net assetsLn 32$408K
OperationsPt I, VI
EmployeesI 513
VolunteersI 6126
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$285K$313K
Land, buildings, equipmentLn 10c$132K$129K
Total assetsLn 16$731K$731K
LiabilitiesLn 26$331K$323K
Net assetsLn 32$401K$408K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$144K
Other salaries and wagesLn 7$462K
Pension plan contributionsLn 8$36K
Other employee benefitsLn 9$48K
Payroll taxesLn 10$49K
Accounting feesLn 11c$37K
Other fees for servicesLn 11g$21K
Advertising and promotionLn 12$355
Office expensesLn 13$12K
Information technologyLn 14$43K
OccupancyLn 16$71K
TravelLn 17$15K
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$236K$213K$23K
Total functional expensesLn 25$1.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.2M$7K$408K 990 PDF
FY2024 $910K$1.1M−$239K$401K 990 PDF
FY2023 $1.2M$1.2M−$71K$640K 990 PDF
FY2022 $1.5M$1.4M$21K$711K 990 PDF
FY2021 $1.6M$1.2M$363K$690K 990 PDF
FY2020 $970K$951K$19K$326K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,204,682 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $370,559$773,352
I-9 Program service revenuePrior year $509,535$410,184
I-10 Investment incomePrior year $672$626
I-11 Other revenuePrior year $29,200$20,520
I-12 Total revenuePrior year $909,966$1,204,682
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $779,743$739,240
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $349,563$458,564
I-18 Total expensesPrior year $1,129,306$1,197,804
I-19 Revenue less expensesPrior year −$219,340$6,878
Part VI · Governance 31 of 33 board members independent, 2 to look at
VI-1a Voting members of the governing body33
VI-1b Independent voting members31
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,204,682 across 10 lines filed
VIII-1b Membership dues$458,458
VIII-1e Government grants$58,909
VIII-1f All other contributions, gifts and grants$255,985
VIII-1g Noncash contributions (included above)$3,975
VIII-1h Total contributions, gifts and grants$773,352
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $410,184$410,184
VIII-3 Investment incomeRelated to mission $626$626
VIII-6 Net rental income or lossRelated to mission $20,520$20,520
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $431,330 · Unrelated business $0 · Excluded from tax $0$1,204,682
Part IX · Statement of functional expenses $1,197,804 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$143,904
IX-7 Other salaries and wages$462,020
IX-8 Pension plan contributions$35,736
IX-9 Other employee benefits$48,109
IX-10 Payroll taxes$49,471
IX-11c Accounting fees$37,468
IX-11g Other fees for services$21,069
IX-12 Advertising and promotion$355
IX-13 Office expenses$11,978
IX-14 Information technology$43,491
IX-16 Occupancy$70,508
IX-17 Travel$14,788
IX-22 Depreciation, depletion and amortization$8,540
IX-23 Insurance$14,717
IX-24 Other expenses (24a–d)Programs $213,134 · Management $22,516$235,650
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,197,804
Part X · Balance sheet $731,116 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $111,857$139,226
X-2 Savings and temporary cash investmentsStart of year $173,521$174,146
X-4 Accounts receivableStart of year $39,360$27,802
X-9 Prepaid expenses and deferred chargesStart of year $9,045$13,173
X-10c Land, buildings and equipment, netStart of year $131,575$128,791
X-15 Other assetsStart of year $266,119$247,978
X-16 Total assetsStart of year $731,477$731,116
X-17 Accounts payable and accrued expensesStart of year $42,661$54,564
X-19 Deferred revenueStart of year $19,677$17,407
X-25 Other liabilitiesStart of year $268,291$251,419
X-26 Total liabilitiesStart of year $330,629$323,390
X-27 Net assets without donor restrictionsStart of year $400,848$407,726
X-32 Total net assets or fund balancesStart of year $400,848$407,726
X-33 Total liabilities and net assetsStart of year $731,477$731,116
Part XI · Reconciliation of net assets $407,726 net assets at year end
XI-1 Total revenue$1,204,682
XI-2 Total expenses$1,197,804
XI-3 Revenue less expenses$6,878
XI-4 Net assets at start of year$400,848
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$407,726

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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