Milpitas Chamber Of Commerce
- Assets
- $95.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 07/1977
- Data as of
- 06/2021
- EIN
- 94-1437366
Organization Overview
Milpitas Chamber Of Commerce is located in Milpitas, CA. The organization was established in 1977. 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. Milpitas 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 06/2021, Milpitas Chamber Of Commerce generated $92.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $75.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SERVICES AND SUPPORT TO THE BUSINESS COMMUNITY OF MILPITAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Wettenstein President | 0 | $0 | |
Inderjit Mundra CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,505 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $201 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,722 |
| Other Revenue | $0 |
| Total Revenue | $92,428 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,313 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,800 |
| Printing, publications, postage, and shipping | $1,090 |
| Other expenses | $20,981 |
| Total expenses | $75,184 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,298 |
| Other assets | $0 |
| Total assets | $95,710 |
| Total liabilities | $10,352 |
| Net assets or fund balances | $85,358 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Milpitas Chamber Of Commerce has recieved totaling $14,467.
| Awarding Organization | Amount |
|---|---|
Milpitas Charity Bingo Inc Milpitas, CA PURPOSE: GENERAL OPERATIONS | $14,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |
Monterey County Destination Monterey, CA | $3,905,890 | $8,986,983 |
Team San Jose San Jose, CA | $3,878,197 | $2,539,314 |
Mammoth Lakes Tourism Mammoth Lakes, CA | $11,084,402 | $8,902,762 |
D F A Of California Sacramento, CA | $11,390,800 | $8,118,200 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
Western Growers Assn Irvine, CA | $76,133,560 | $13,363,556 |