Solana Beach Chamber Of Commerce
- Assets
- $283.9k
- Revenue
- $168.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Solana Beach, CA
- Founding
- 11/1968
- Data as of
- 12/2021
- EIN
- 95-2476999
Organization Overview
Solana Beach Chamber Of Commerce is located in Solana Beach, CA. The organization was established in 1968. 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, Solana Beach Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solana Beach 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, Solana Beach Chamber Of Commerce generated $168.7k 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 (8.7%) each year. All expenses for the organization totaled $110.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.7%) 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 PURPOSE OF THE SOLANA BEACH CHAMBER OF COMMERCE IS TO HIGHLIGHT THE DIVERSE BUSINESS ACTIVITIES IN OUR CITY THROUGH A MULTITUDE OF COMMUNITY-BASED EVENTS AND TO PROMOTE THE CITY TO VISITORS THROUGH THE VISITOR INFORMATION CENTER LOCATED NEAR THE TRAIN STATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER OF COMMERCE OPERATIONS AND EVENTS: BENEFITS THE BUSINESS COMMUNITY THROUGH MONTHLY NETWORKING ACTIVITIES AND SPECIAL EVENETS. THIS INCLUDES POWER NETWORKING LUNCHES, "SHOP SOLANA BEACHX AND LOCAL "BUSINESS EXPO" PROMOTIONS, AS WELL AS A VARIETY OF SPECIAL EVENTS. THE CHAMBER MAINTAINS A WEB PAGE PROMOTING THE CITY AND MEMER'S BUSINESSESTHE CHAMBER OPERATES THE VISITOR INFORMATION CENTER NEAR THE TRAIN STATION TO ALLOW VISITORS TO GET INFORMATION ABOUT LOCAL BUSINESSES AND THE CITY OF SOLANA BEACH.THERE WAS A SIGNIFICANT CURTAILMENT OF ACTIVITIES THIS YEAR DUE TO THE COVID PANDEMIC.
ANNUAL FIESTA DEL SOL WEEKEND: A COMMUNITY EVENT THAT RAISES OPERATING FUND FOR THE CHAMBER OF COMMERCE THROUGH MULTIPLE FOOD AND RETAIL VENDORS, MUSIC, CONTESTS AND ACTIVITIES. IT ATTRACTS TENS OF THOUSANDS OF VISITORS TO THE CITY, AND RAISES THE CITY'S VISIBILITY TO BOTH RESIDENT AND VISITORS.FIESTA DEL SOL WAS CANCELLED THIS YEAR DUE TO THE COVID PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Blumberg Co-President | OfficerTrustee | 4 | $0 |
Mark Tackabery Treasurer | OfficerTrustee | 2 | $0 |
Greg Petre Co-President | OfficerTrustee | 4 | $0 |
Alan Mittleman Vice President | OfficerTrustee | 2 | $0 |
Clark Evans Secretary | OfficerTrustee | 1 | $0 |
Sara Freund Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,404 |
| 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 | $53,404 |
| Total Program Service Revenue | $115,321 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $168,746 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $588 |
| Advertising and promotion | $3,868 |
| Office expenses | $5,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,495 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,690 |
| Insurance | $2,624 |
| All other expenses | $1,041 |
| Total functional expenses | $110,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,273 |
| Savings and temporary cash investments | $169,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,153 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $283,904 |
| Accounts payable and accrued expenses | $0 |
| 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 | $149,900 |
| Other liabilities | $1,601 |
| Total liabilities | $151,501 |
| Net assets without donor restrictions | $132,403 |
| 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 | $283,904 |
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|---|---|---|
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