Twin Falls Area Chamber Of Commerce Inc is located in Twin Falls, ID. The organization was established in 1935. 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 12/2020, Twin Falls Area Chamber Of Commerce Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Falls Area 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 12/2020, Twin Falls Area Chamber Of Commerce Inc generated $606.6k 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 (5.8%) each year. All expenses for the organization totaled $603.9k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS AND TOURISM IN THE LOCAL COMMUNITY AND SURROUNDING AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWIN FALLS TODAY LUNCHEONS AND BUSINESS AFTER HOURS MEMBERSHIP SERVICES TO PROMOTE BUSINESS GROWTH AND TOURISM IN THE AREA
ADULT LEADERSHIP PROGRAM
STUDENT LEADERSHIP PROGRAM
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shawn Barigar President | Officer | 40 | $0 |
Doug Stokes Chair | Trustee | 1 | $0 |
Senate Eskridge Director | Trustee | 1 | $0 |
Declan Dalton Director | Trustee | 0 | $0 |
Liz Hall Director | Trustee | 0 | $0 |
Steven Cook Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $380,239 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $62,670 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $442,909 |
Total Program Service Revenue | $58,873 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $104,862 |
Miscellaneous Revenue | $0 |
Total Revenue | $606,644 |
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. | $117,771 |
Compensation of current officers, directors, key employees. | $33,629 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $129,602 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $29,035 |
Payroll taxes | $20,498 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,145 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $19,575 |
Office expenses | $48,650 |
Information technology | $21,653 |
Royalties | $0 |
Occupancy | $3,888 |
Travel | $3,793 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,335 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $59,394 |
Insurance | $0 |
All other expenses | $25,694 |
Total functional expenses | $603,851 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $193,847 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $42,069 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $18,921 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,324,255 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,579,092 |
Accounts payable and accrued expenses | $13,888 |
Grants payable | $0 |
Deferred revenue | $3,283 |
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 | $440,740 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $457,911 |
Net assets without donor restrictions | $1,121,181 |
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 | $1,579,092 |
Over the last fiscal year, we have identified 2 grants that Twin Falls Area Chamber Of Commerce Inc has recieved totaling $36,700.
Awarding Organization | Amount |
---|---|
St Lukes Health System Ltd Boise, ID PURPOSE: Support TF Area Chamber Of Commerce | $26,700 |
Business Plus Inc Twin Falls, ID PURPOSE: AIR SERVICE | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Lake Tahoe Visitors Authority Inc Stateline, NV | $11,099,919 | $7,709,043 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Las Vegas Events Inc Las Vegas, NV | $8,586,651 | $5,544,926 |