Summit County Chamber Of Commerce Incorporated
- Assets
- $254.2k
- Revenue
- $262.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Frisco, CO
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 84-0835598
Organization Overview
Summit County Chamber Of Commerce Incorporated is located in Frisco, CO. The organization was established in 1988. 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, Summit County Chamber Of Commerce Incorporated employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit County Chamber Of Commerce Incorporated 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, Summit County Chamber Of Commerce Incorporated generated $262.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $234.7k during the year ending 12/2021. While expenses have increased by 8.3% 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 ENSURE BUSINESS SUCCESS FOR OUR MEMBERS AND TO FOSTER COMMUNITY-WIDE ECONOMIC VITALITY BY PROVIDING RESOURCES, EDUCATIONAL OPPORTUNITIES,AND BUSINESS CONNECTIONS. WE UNITE KEY STAKEHOLDERS, LEAD WITH A CLEAR VISION OF THE FUTURE AND SUPPORT COLLABORATIVE COMMUNITY EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS EXCELLENCE AWARD DINNER TO RECOGNIZE LOCAL BUSINESSES THAT EXCELLED IN SOME WAY. ATTENDED BY LOCAL BUSINESS LEADERS.
CHIEF OPERATING OFFICERS BREAKFAST, CONNECTING COOS OF ALL LOCAL SKI AREAS WITH BUSINESS LEADERS OF THE COUNTY.
SUMMIT CHOICE HEALTH, IN PARTNERSHIP WITH SMALL ASSOCIATION LEADERSHIP ALLIANCE (SALA), IS A COMPREHENSIVE AND COST-EFFECTIVE ALTERNATIVE TO TRADITIONAL PLANS. THE SUMMIT CHOICE HEALTHCARE PROGRAM HELPS BUSINESSES PROVIDE FOR THE MEDICAL EXPENSES OF THEIR EMPLOYEES THROUGH A COMMUNITY-CENTERED APPROACH AND GIVES INDIVIDUALS ACCESS TO HIGH QUALITY, AFFORDABLE HEALTHCARE. THIS PROGRAM IS NOT INSURANCE. IT IS AN ALTERNATIVE SOLUTION THAT FEATURES A CHOICE OF TWO AFFORDABLE PREVENTATIVE CARE PLANS, EACH COUPLED WITH A MEDICAL COST SHARING PROGRAM TO COVER UNEXPECTED OR CATASTROPHIC EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Cotton Secretary | Trustee | 4 | $0 |
Doug Berg Past President | Trustee | 4 | $0 |
Tony Pestello Past President | Trustee | 2 | $0 |
Laura Lyman Treasurer | Trustee | 4 | $0 |
Nell Wareham President | Trustee | 4 | $0 |
Ian Donovan Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $98,197 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,100 |
| 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 | $120,297 |
| Total Program Service Revenue | $126,033 |
| Investment income | $16,533 |
| 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 | $262,863 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,841 |
| Office expenses | $70 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,960 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,444 |
| All other expenses | $128,261 |
| Total functional expenses | $234,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,049 |
| Savings and temporary cash investments | $173,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $254,199 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $9,697 |
| 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 | $9,697 |
| Net assets without donor restrictions | $244,502 |
| 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 | $254,199 |
Peer Organizations
| 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 |