Lake Forest Chamber Of Commerce Inc
- Assets
- $131.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Forest, CA
- Founding
- 03/2010
- Data as of
- 09/2023
- EIN
- 27-1297580
Organization Overview
Lake Forest Chamber Of Commerce Inc is located in Lake Forest, CA. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Forest Chamber Of Commerce Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Lake Forest Chamber Of Commerce Inc generated $147.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $137.7k during the year ending 09/2023. While expenses have increased by 13.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE LAKE FOREST CHAMBER OF COMMERCE HAS SETUP THE WEBSITE/E-NEWSLETTER PROMOTING CHAMBER EVENTS:1) NETWORKING BUSINESS LUNCHES / DINNERS2) PROMOTION OF BUSINESS TO BUSINESS VIA BUSINESS FIRST3) PROVIDED ACCESS TO SCORE RECOURCES4) PROVIDED PARTICIPATION IN THE CITY OF LAKE FOREST: SHOP LAKE FOREST INITIATIVE5) POSTING OF JOB OPENINGS AND BUSINESS OPPORTUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Visconte CEO | 20 | $50,870 | |
Steve Smith Chairman | 10 | $0 | |
Connie Visconte Treasurer | 10 | $0 | |
Janet Berger Secretary | 10 | $0 | |
Diana Ramirez Director | 10 | $0 | |
Jeff Patrick Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,478 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,085 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,563 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,458 |
| Professional fees and other payments to independent contractors | $24,063 |
| Occupancy, rent, utilities, and maintenance | $7,715 |
| Printing, publications, postage, and shipping | $991 |
| Other expenses | $47,449 |
| Total expenses | $137,676 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,619 |
| Other assets | $0 |
| Total assets | $131,724 |
| Total liabilities | $2,200 |
| Net assets or fund balances | $129,524 |