The Merced County Hispanic Chamber Of Commerce
- Assets
- $35.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Merced, CA
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 77-0198049
Organization Overview
The Merced County Hispanic Chamber Of Commerce is located in Merced, CA. The organization was established in 2010. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merced County Hispanic 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 12/2023, Merced County Hispanic Chamber Of Commerce generated $83.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $98.3k during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 7 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 HISPANIC CHAMBER IS FUNDAMENTALLY ABOUT ASSISTING HISPANIC BUSINESSES IN MAXIMIZING THEIR MARKETING PROFILE INTO A LOCAL ECONOMY. FROM A BUSINESS DEVELOPMENT PERSPECTIVE, THIS TRANSLATES INTO RETAINING EXISTING BUSINESSES AND ENCOURAGING THEIR EXPANSION WHILE ATTRACTING NEW HISPANIC BUSINESSES INTO MERCED COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annissa Fragoso President | 12 | $0 | |
Nadine Villafana Vice President | 8 | $0 | |
Daisy Aleman Treasurer | 12 | $0 | |
Eduardo Soto Secretary | 6 | $0 | |
Maria Soto Board Of Director | 2 | $0 | |
Rene Lopez Board Of Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,600 |
| Total Program Service Revenue | $38,531 |
| Membership dues | $10,826 |
| Investment income | $1,080 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,285 |
| Other Revenue | $751 |
| Total Revenue | $83,073 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $16,168 |
| Salaries, other compensation, and employee benefits | $46,489 |
| Professional fees and other payments to independent contractors | $10,476 |
| Occupancy, rent, utilities, and maintenance | $10,783 |
| Printing, publications, postage, and shipping | $8,986 |
| Other expenses | $5,386 |
| Total expenses | $98,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,445 |
| Other assets | $0 |
| Total assets | $35,018 |
| Total liabilities | $1,285 |
| Net assets or fund balances | $33,733 |