Chamber Of Commerce Of Porterville
- Assets
- $413.2k
- Revenue
- $218.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Porterville, CA
- Founding
- 06/1942
- Data as of
- 10/2023
- EIN
- 94-0778210
Organization Overview
Chamber Of Commerce Of Porterville is located in Porterville, CA. 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 10/2023, Chamber Of Commerce Of Porterville employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber Of Commerce Of Porterville 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 10/2023, Chamber Of Commerce Of Porterville generated $218.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $206.3k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ENTERPRISE SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURPOSE IS TO PROMOTE AND PRESERVE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS THROUGH PROMOTION OF BUSINESS AND COMMUNITY GROWTH & DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ador Cardenas Director | Trustee | 1 | $0 |
Carly Ladrigan Director | Trustee | 1 | $0 |
Alex Reed-Krase Director | Trustee | 1 | $0 |
Josh Pearson President | OfficerTrustee | 1 | $0 |
Alexandra Martin Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Torres Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $160,491 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,794 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,870 |
| 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 | $88,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,312 |
| Office expenses | $4,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,563 |
| Travel | $79 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,616 |
| Insurance | $6,759 |
| All other expenses | $23,650 |
| Total functional expenses | $206,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,582 |
| Savings and temporary cash investments | $113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,785 |
| 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 | $277,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $413,228 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $211,345 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,718 |
| Total liabilities | $257,063 |
| Net assets without donor restrictions | $156,165 |
| 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 | $413,228 |