Chamber Of Commerce is located in Longmont, CO. The organization was established in 1955. 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, Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Chamber Of Commerce generated $600.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $533.7k during the year ending 12/2021. While expenses have increased by 3.5% 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 BUSINESS AND INDUSTRY IN THE LONGMONT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED BUSINESS AND INDUSTRY IN THE LONGMONT AREA THROUGH NETWORKING EVENTS, FOCUSED COMMITTEES, AND EDUCATIONAL PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Cook President/ceo | Officer | 40 | $74,129 |
Mark Sample Secretary | OfficerTrustee | 2 | $0 |
Chris Mcgilvray Chair | OfficerTrustee | 2 | $0 |
Andrew Ritz Treasurer | OfficerTrustee | 2 | $0 |
Dave Humenik Immediate Past Chair | Trustee | 2 | $0 |
Jason Amrich Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $68,023 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $68,023 |
Total Program Service Revenue | $490,022 |
Investment income | $5,533 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $36,616 |
Net Gain/Loss on Asset Sales | -$72 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $600,122 |
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. | $74,129 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $162,070 |
Pension plan accruals and contributions | $7,069 |
Other employee benefits | $31,256 |
Payroll taxes | $20,541 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,059 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $34,388 |
Advertising and promotion | $2,587 |
Office expenses | $6,843 |
Information technology | $10,214 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,958 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,159 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $14,865 |
Insurance | $4,423 |
All other expenses | $21,955 |
Total functional expenses | $533,685 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $72,082 |
Savings and temporary cash investments | $277,345 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $31,612 |
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 |
Net Land, buildings, and equipment | $162,436 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $543,475 |
Accounts payable and accrued expenses | $53,540 |
Grants payable | $0 |
Deferred revenue | $128,207 |
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 | $181,747 |
Net assets without donor restrictions | $361,728 |
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 | $543,475 |
Organization Name | Assets | Revenue |
---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
Dairy Promotion Inc Kansas City, KS | $585,537 | $75,669,129 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
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 |