South Bay Assn Of Chambers Of Commerce
- Assets
- $34.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 05/1994
- Data as of
- 12/2019
- EIN
- 95-3094484
Organization Overview
South Bay Assn Of Chambers Of Commerce is located in Torrance, CA. The organization was established in 1994. 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. South Bay Assn Of Chambers 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 12/2019, South Bay Assn Of Chambers Of Commerce generated $25.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $34.0k during the year ending 12/2019. 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
2019
Describe the Organization's Program Activity:
Part 3
TO PROVIDE OPPORTUNITIES FOR MEMBER CHAMBERS OF COMMERCE TO DISCUSS ISSUES OF CRITICAL IMPORTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Hupp Chair | 10 | $0 | |
John Heffernan Chair Elect | 10 | $0 | |
Charles Gale Treasurer | 10 | $0 | |
Serena Josel Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,300 |
| Membership dues | $5,000 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,453 |
| Other Revenue | $0 |
| Total Revenue | $25,889 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $30,193 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,824 |
| Total expenses | $34,017 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,526 |
| Other assets | $0 |
| Total assets | $34,526 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,526 |