Sacramento Metropolitan Chamber Of Commerce
- Assets
- $1.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Sacramento, CA
- Founding
- 03/1942
- Data as of
- 12/2021
- EIN
- 94-0824600
Organization Overview
Sacramento Metropolitan Chamber Of Commerce is located in Sacramento, CA. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Sacramento Metropolitan Chamber Of Commerce employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Metropolitan 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, Sacramento Metropolitan Chamber Of Commerce generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SACRAMENTO METROPOLITAN CHAMBER OF COMMERCE ADVOCATES FOR AND SUPPORTS ECONOMIC SUCCESS OF ITS MEMBERS AND THE SIX-COUNTY CAPITAL REGION BY LEADING THE EFFORT TO GROW AND RETAIN BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS, EVENTS AND ACTIVITIES HELD TO PROMOTE THE BUSINESS, ECONOMIC WELL BEING AND GENERAL WELFARE OF THE SACRAMENTO METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Blackwood President & CEO | OfficerTrustee | 40 | $255,979 |
Talia Kaufman Exec Vice Pres | OfficerTrustee | 35 | $185,821 |
Andrea Ollanik | 40 | $121,456 | |
Naaz Alikhan Director | Trustee | 1 | $0 |
Matt Anderson Director | Trustee | 1 | $0 |
Constance Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $837,783 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,151,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,989,136 |
| Total Program Service Revenue | $1,289,349 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,771 |
| Net Rental Income | $50,927 |
| 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 | $3,341,214 |
| 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. | $446,375 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,176,502 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,577 |
| Payroll taxes | $117,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,511 |
| 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 | $845,223 |
| Advertising and promotion | $35,458 |
| Office expenses | $0 |
| Information technology | $888 |
| Royalties | $0 |
| Occupancy | $144,274 |
| Travel | $5,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,125 |
| Insurance | $8,201 |
| All other expenses | $90,313 |
| Total functional expenses | $3,130,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,089 |
| Savings and temporary cash investments | $106,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $702,568 |
| 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 | $26,943 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $57,750 |
| Other assets | $90,296 |
| Total assets | $1,113,691 |
| Accounts payable and accrued expenses | $156,123 |
| Grants payable | $0 |
| Deferred revenue | $490,000 |
| 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 | $184,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,247 |
| Total liabilities | $851,195 |
| Net assets without donor restrictions | $262,496 |
| 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 | $1,113,691 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sacramento Metropolitan Chamber Of Commerce has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Safe Credit Union Folsom, CA PURPOSE: Support of Rapid Responses Business Triage Hotline due to Covid | $50,000 |
Safe Credit Union Folsom, CA PURPOSE: Support of Rapid Responses Business Triage Hotline due to Covid | $50,000 |
Safe Credit Union Folsom, CA PURPOSE: Support of Rapid Responses Business Triage Hotline due to Covid | $50,000 |
Safe Credit Union Folsom, CA PURPOSE: Support of Rapid Responses Business Triage Hotline due to Covid | $50,000 |
Endowment Analysis
| Beg. Balance | $2,673 |
| Other Expense | $2,673 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Los Angeles Area Chamber Of Commerce Los Angeles, CA | $7,562,162 | $6,083,780 |
Sacramento Convention And Visitors Bureau Sacramento, CA | $12,491,564 | $12,454,571 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |
Engineering & Utility Contractors Association San Ramon, CA | $6,057,921 | $5,434,926 |
Better Business Bureau Inc San Leandro, CA | $5,371,959 | $5,607,401 |