Foster City Chamber Of Commerce
- Assets
- $375.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Foster City, CA
- Founding
- 09/1972
- Data as of
- 12/2023
- EIN
- 95-2760026
Organization Overview
Foster City Chamber Of Commerce is located in Foster City, CA. The organization was established in 1972. 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. Foster City 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 12/2023, Foster City Chamber Of Commerce generated $152.8k 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 (10.7%) each year. All expenses for the organization totaled $266.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 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
2023
Describe the Organization's Program Activity:
Part 3
ONLINE MEMBERSHIP DIRECTORY/ONLINE MEMBER PORTALEDUCATIONAL WORKSHOPS TO ENHANCE BUSINESS AND EMPLOYEE SKILLS.NETWORKING EVENTS TO FACILITATE RELATIONSHIPS BENEFICIAL TO BUSINESS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashutosh Dutt Director | 1.5 | $0 | |
Benjamin Yu Chairman | 2 | $0 | |
Sonja Tappan Treasurer | 1.5 | $0 | |
Corey Pebler Director | 1.5 | $0 | |
Nitan Madan Director | 1.5 | $0 | |
Ravi Skankar Ramesh Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $160 |
| Membership dues | $153,467 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$813 |
| Other Revenue | $0 |
| Total Revenue | $152,830 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,418 |
| Professional fees and other payments to independent contractors | $80,352 |
| Occupancy, rent, utilities, and maintenance | $40,667 |
| Printing, publications, postage, and shipping | $1,288 |
| Other expenses | $69,384 |
| Total expenses | $266,109 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $349,194 |
| Other assets | $0 |
| Total assets | $375,757 |
| Total liabilities | $332,579 |
| Net assets or fund balances | $43,178 |