Downey Chamber Of Commerce
- Assets
- $102.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Downey, CA
- Founding
- 05/1945
- Data as of
- 06/2021
- EIN
- 95-0690761
Organization Overview
Downey Chamber Of Commerce is located in Downey, CA. The organization was established in 1945. 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 06/2021, Downey Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downey 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, Downey Chamber Of Commerce generated $136.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $137.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) 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 Mission:
Part 3 - Line 1
THE DOWNEY CHAMBER IS A VOLUNTEER MEMBERSHIP ORGANIZATION UNITING BUSINESS PERSONS, PROFESSIONALS AND FIRMS TO PROMOTE ECONOMIC GROWTH, JOB CREATION AND TO BUILD A BETTER COMMUNITY FOR ALL RESIDENTS.
Describe the Organization's Program Activity:
Part 3
HOLIDAY LANE PARADE - ANNUAL CHRISTMAS PARADE FOR RESIDENTS OF DOWNEY AND SURROUNDING CITIES. THIS EVENT IS AN INVESTMENT IN THE COMMUNITY WITH MANY BUSINESSES AND CITY AGENCIES PARTICIPATING.
GOLF TOURNAMENT - ANNUAL EVENT OPEN TO RESIDENTS OF THE CITY AND SURROUNDING AREAS. THIS EVENT PROMOTES THE CITY'S' RECREATIONAL AREAS AND FACILITIES.
STREET FAIRE - PROMOTES COMPANIES AND PROFESSIONALS DOING BUSINESS IN THE CITY. THE EVENT GIVES BUSINESS OWNERS THE OPPORTUNITY TO SHOWCASE THEIR PRODUCTS AND SERVICES AND MEET WITH RESIDENTS AND OTHERS. THIS EVENT GIVES ALL PARTICIPANTS A CHANCE TO INTERACT OUTSIDE A BUSINESS SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Calvert Secretary | 10 | $0 | |
Carmen Gonzalez Director | 5 | $0 | |
Tatiana Paton Director | 5 | $0 | |
Karina Madariaga Director | 5 | $0 | |
Joe Cervantes Director | 5 | $0 | |
Joanna Peterson Immed Past Pres | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,925 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $282 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $44,898 |
| Other Revenue | $0 |
| Total Revenue | $136,105 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $103,800 |
| Professional fees and other payments to independent contractors | $2,858 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,795 |
| Total expenses | $137,453 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,605 |
| Other assets | $0 |
| Total assets | $102,605 |
| Total liabilities | $0 |
| Net assets or fund balances | $102,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |