Salinas Chamber Of Commerce Inc
- Assets
- $517.1k
- Revenue
- $652.1k
- Investments
- $287.3k
- Employees
- 5
- Location
- Salinas, CA
- Founding
- 09/1940
- Data as of
- 12/2021
- EIN
- 94-0832000
Organization Overview
Salinas Chamber Of Commerce Inc is located in Salinas, CA. The organization was established in 1940. 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, Salinas Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salinas Chamber Of Commerce Inc 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, Salinas Chamber Of Commerce Inc generated $652.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $550.6k during the year ending 12/2021. While expenses have increased by 2.8% 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 ASSIST THE SALINAS VALLEY BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER OFFERS ITS MEMBERS A VARIETY OF SERVICES IN SOLVING COMMON BUSINESS PROBLEMS AND PROMOTING THE COMMUNITY. THE CHAMBER SERVES NEARLY 700 MEMBERS WITH AN OUTREACH OF OVER 2,200 PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Farmer CEO | Officer | 40 | $114,283 |
Jim Bogart Director | OfficerTrustee | 2 | $0 |
Andrea Bailey Past Chair | OfficerTrustee | 2 | $0 |
Sara Boyns Director | OfficerTrustee | 2 | $0 |
Julie Ann Lozano Vc Membership | OfficerTrustee | 2 | $0 |
John Bailey Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $415,273 |
| 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 | $415,273 |
| Total Program Service Revenue | $97,300 |
| Investment income | $1,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,508 |
| Net Gain/Loss on Asset Sales | $2,562 |
| Net Income from Fundraising Events | $122,914 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,779 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,077 |
| 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. | $114,283 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,519 |
| Pension plan accruals and contributions | $10,235 |
| Other employee benefits | $26,363 |
| Payroll taxes | $25,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,833 |
| Office expenses | $3,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,408 |
| Insurance | $4,711 |
| All other expenses | $32,697 |
| Total functional expenses | $550,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,338 |
| Savings and temporary cash investments | $0 |
| 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 | $1,135 |
| Net Land, buildings, and equipment | $69,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $287,332 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $539 |
| Total assets | $517,137 |
| Accounts payable and accrued expenses | $58,294 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $58,295 |
| Net assets without donor restrictions | $458,842 |
| 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 | $517,137 |
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|---|---|---|
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Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
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