Regional Chamber Of Commerce - San Gabriel Valley
- Assets
- $30.2k
- Revenue
- $86.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Rowland Heights, CA
- Founding
- 06/2015
- Data as of
- 06/2021
- EIN
- 42-1706342
Organization Overview
Regional Chamber Of Commerce - San Gabriel Valley is located in Rowland Heights, CA. The organization was established in 2015. 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. As of 06/2021, Regional Chamber Of Commerce - San Gabriel Valley employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Chamber Of Commerce - San Gabriel Valley 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 06/2021, Regional Chamber Of Commerce - San Gabriel Valley generated $86.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $111.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A PROFESSIONAL BUSINESS ORGANIZATION PROVIDING VISION, LEADERSHIP, AND A VOICE FOR THE BUSINESS COMMUNITY. THE CHAMBER IS DEDICATED TO CREATING COMMUNITY PARTNERSHIPS WITH THE PUBLIC AND PRIVATE SECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PROFESSIONAL BUSINESS ORGANIZATION PROVIDING VISION, LEADERSHIP, AND A VOICE FOR THE BUSINESS COMMUNITY. THE CHAMBER IS DEDICATED TO CREATING COMMUNITY PARTNERSHIPS WITH THE PUBLIC AND PRIVATE SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Duarte Executive Dir. | Officer | 40 | $62,920 |
John Hsu Director | Trustee | 0.5 | $0 |
Reyna Del Haro Director | Trustee | 0.5 | $0 |
Ken Liebman Vice President | OfficerTrustee | 0.5 | $0 |
Jane Wibowo Director | Trustee | 0.5 | $0 |
Joe Raquel Vice President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,896 |
| Royalties | $0 |
| Occupancy | $19,222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,705 |
| Insurance | $2,303 |
| All other expenses | $0 |
| Total functional expenses | $111,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $369 |
| Total assets | $30,150 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $30,150 |