Salinas Chamber Of Commerce Inc
- Assets
- $569.5k
- Revenue
- $763.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Salinas, CA
- Founding
- 09/1940
- Data as of
- 12/2022
- 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 12/2022, Salinas Chamber Of Commerce Inc employed 13 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 12/2022, Salinas Chamber Of Commerce Inc generated $763.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $687.7k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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
2022
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 |
|---|---|---|---|
Bill Hastie Chair Elect | OfficerTrustee | 2 | $0 |
Jim Bogart Director | Trustee | 2 | $0 |
Andrea Bailey Vc Membership | OfficerTrustee | 2 | $0 |
Sara Boyns Director | Trustee | 2 | $0 |
Patricia Rodriguez Director | Trustee | 2 | $0 |
Leonard Batti Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $419,518 |
| 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 | $419,518 |
| Total Program Service Revenue | $318,239 |
| Investment income | $2,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,833 |
| Net Gain/Loss on Asset Sales | $818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,494 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,416 |
| 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. | $135,541 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,269 |
| Pension plan accruals and contributions | $6,222 |
| Other employee benefits | $8,223 |
| Payroll taxes | $32,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,469 |
| Advertising and promotion | $8,806 |
| Office expenses | $33,715 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,850 |
| Travel | $6,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,153 |
| Insurance | $4,756 |
| All other expenses | $8,202 |
| Total functional expenses | $687,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $742 |
| 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 | $2,458 |
| Net Land, buildings, and equipment | $68,256 |
| Investments—publicly traded securities | $269,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $569,474 |
| Accounts payable and accrued expenses | $42,495 |
| Grants payable | $0 |
| Deferred revenue | $10,387 |
| 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 | $1,500 |
| Total liabilities | $54,382 |
| Net assets without donor restrictions | $515,092 |
| 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 | $569,474 |