Modesto Chamber Of Commerce
- Assets
- $292.4k
- Revenue
- $527.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Modesto, CA
- Founding
- 03/1945
- Data as of
- 12/2022
- EIN
- 94-0689450
Organization Overview
Modesto Chamber Of Commerce is located in Modesto, CA. The organization was established in 1945. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Modesto 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 12/2022, Modesto Chamber Of Commerce generated $527.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $574.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Modesto Chamber Of Commerce has awarded 24 individual grants totaling $195,183. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE REGIONS ECONOMIC STRENGTHS & VITALITY WHILE PROMOTING SERVICES THAT ARE VALUABLE TO MEMBERS & IMPROVING THE QUALITY OF LIFE IN THE REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES MEMBERS BUSINESS NETWORKING OPPORTUNITIES WITH THE CHAMBER
LEADERSHIP MODESTO PROGRAM SEEKS TO IDENTIFY NEW AND EMERGING MODESTO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Bettencourt Director | Trustee | 3 | $0 |
T Christensen CEO | Officer | 40 | $75,498 |
Pat Gillum Treaurer | Officer | 3 | $0 |
Mike Gaffney Past Chair | Officer | 5 | $0 |
Boyett Kristie Director | OfficerTrustee | 3 | $0 |
Ardis Garrett Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $317,982 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,939 |
| Total Program Service Revenue | $44,042 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $73,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,373 |
| 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 | $246,025 |
| Pension plan accruals and contributions | $13,941 |
| Other employee benefits | $40,126 |
| Payroll taxes | $21,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,754 |
| Office expenses | $56,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,079 |
| Travel | $7,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,098 |
| Insurance | $11,650 |
| All other expenses | $35,774 |
| Total functional expenses | $574,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,115 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,220 |
| Net Land, buildings, and equipment | $21,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $292,396 |
| Accounts payable and accrued expenses | $61,103 |
| Grants payable | $0 |
| Deferred revenue | $77,250 |
| 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 | $138,353 |
| Net assets without donor restrictions | $154,043 |
| 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 | $292,396 |
Grants Awarded
Over the last fiscal year, Modesto Chamber Of Commerce has awarded $0 in support to 12 organizations.
| Grant Recipient | Amount |
|---|