The Greater Colorado Springs Chamber And Edc
- Assets
- $2.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 25
- Location
- Colorado Springs, CO
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 84-0174190
Organization Overview
The Greater Colorado Springs Chamber And Edc is located in Colorado Springs, CO. The organization was established in 1942. 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 12/2021, Greater Colorado Springs Chamber And Edc employed 25 individuals. Greater Colorado Springs Chamber And Edc 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 12/2021, Greater Colorado Springs Chamber And Edc generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 13.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT THE BUSINESS COMMUNITY IN COLORADO SPRINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT - WE WORK TO STRENGTHEN OUR REGION'S PROSPERITY BY ENSURING COLORADO SPRINGS AND EL PASO COUNTY ARE COMPETITIVE IN ATTRACTING AND RETAINING TARGET INDUSTRY BUSINESS THAT CREATE JOBS AND CAPITAL INVESTMENT.
COMMUNITY DEVELOPMENT - CREATING OPPORTUNITIES FOR BUSINESS DEVELOPMENT THROUGH NETWORKING EVENTS, ONGOING EDUCATION, INVOLVEMENT IN POLICY ISSUES, AND MUCH MORE. AS A RESULT, BUSINESSES ARE RAISING THEIR PROFILE AND HELPING BUILD A STRONGER BUSINESS COMMUNITY.
GOVERNMENT AFFAIRS - AS THE VOICE OF BUSINESS LARGE AND SMALL, WE ARE INVOLVED IN LEGISLATIVE AND REGULATORY ISSUES AFFECTING LOCAL BUSINESSES, ADVOCATE FOR BUSINESS-FRIENDLY PUBLIC POLICIES, AND COMMUNICATE BUSINESS NEEDS TO ELECTED OFFICIALS AND PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dirk Draper Previous-President & CEO | Officer | 40 | $199,222 |
Cecilia Harry Chief Economic Development | Officer | 40 | $142,108 |
Reggie Ash Chief Defense Industry Off | Officer | 40 | $122,837 |
Vincent Persichetti Operations Director | Officer | 40 | $97,873 |
Daniel Barger VP Marketing & Communications | Officer | 40 | $95,541 |
Rachel Beck VP Government Affairs | Officer | 40 | $93,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,420,655 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,053,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $891,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,365,117 |
| Total Program Service Revenue | $2,038,555 |
| Investment income | $1,559 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,426,509 |
| 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. | $892,233 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $779,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,703 |
| Payroll taxes | $310,526 |
| Fees for services: Management | $89,967 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $56,230 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $352,073 |
| Office expenses | $0 |
| Information technology | $104,200 |
| Royalties | $0 |
| Occupancy | $269,847 |
| Travel | $20,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $384,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,659 |
| Insurance | $8,443 |
| All other expenses | $159,812 |
| Total functional expenses | $6,062,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $691,253 |
| Savings and temporary cash investments | $871,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $281,625 |
| Loans from Officers, Directors, or Controlling Persons | $135,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $116,052 |
| Net Land, buildings, and equipment | $150,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,246,029 |
| Accounts payable and accrued expenses | $446,535 |
| Grants payable | $0 |
| Deferred revenue | $394,100 |
| 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 | $840,635 |
| Net assets without donor restrictions | $1,405,394 |
| 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 | $2,246,029 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Greater Colorado Springs Chamber And Edc has recieved totaling $1,050,000.
| Awarding Organization | Amount |
|---|---|
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: CIVIC PROJECTS | $1,050,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |