Arlington Chamber Of Commerce
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Arlington, VA
- Founding
- 12/1940
- Data as of
- 12/2022
- EIN
- 54-0125427
Organization Overview
Arlington Chamber Of Commerce is located in Arlington, VA. The organization was established in 1940. 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 12/2022, Arlington Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington Chamber Of Commerce 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 12/2022, Arlington Chamber Of Commerce generated $1.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO PROMOTE BUSINESSES AND ECONOMIC DEVELOPMENT WITHIN ARLINGTON COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER SPONSORS NUMEROUS ACTIVITIES FOR MEMBERS. IT PUBLISHES THE ARLINGTONIAN MAGAZINE DISTRIBUTED TO ALL MEMBERS BI-MONTHLY AND ARRANGES AFFINITY PROGRAMS FOR THE BENEFIT OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Ihrig Immediate Past Chair | Trustee | 2 | $0 |
Beth Borowski Chair | OfficerTrustee | 2 | $0 |
R Scott Ritter Past Chair | Trustee | 2 | $0 |
Cary Kelly Director | Trustee | 1 | $0 |
Tina Leone Chair-Elect | Trustee | 2 | $0 |
Jim Wilmot Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $564,641 |
| Fundraising events | $31,236 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,716 |
| Total Program Service Revenue | $286,173 |
| Investment income | $11,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $3,500 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,247,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $230,165 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $443,933 |
| Pension plan accruals and contributions | $27,278 |
| Other employee benefits | $50,587 |
| Payroll taxes | $47,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,175 |
| Fees for services: Accounting | $53,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,679 |
| Advertising and promotion | $0 |
| Office expenses | $47,340 |
| Information technology | $7,527 |
| Royalties | $0 |
| Occupancy | $153,378 |
| Travel | $9,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,346 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,161 |
| Insurance | $3,548 |
| All other expenses | $0 |
| Total functional expenses | $1,247,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,659 |
| Savings and temporary cash investments | $580,182 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $475 |
| 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 | $37,531 |
| Net Land, buildings, and equipment | $18,602 |
| Investments—publicly traded securities | $497,914 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,780 |
| Total assets | $1,587,143 |
| Accounts payable and accrued expenses | $72,941 |
| Grants payable | $0 |
| Deferred revenue | $413,635 |
| 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 | $150,000 |
| Other liabilities | $283,871 |
| Total liabilities | $920,447 |
| Net assets without donor restrictions | $666,696 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,587,143 |