La Quinta Chamber Of Commerce
- Assets
- $59.7k
- Revenue
- $522.1k
- Investments
- $0.0
- Employees
- 7
- Location
- La Quinta, CA
- Founding
- 04/1993
- Data as of
- 06/2015
- EIN
- 95-6053584
Organization Overview
La Quinta Chamber Of Commerce is located in La Quinta, CA. The organization was established in 1993. 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 06/2015, LA Quinta Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Quinta 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENHANCE BUSINESS GROWTH, CIVIC WELL BEING, AND A SOUND QUALITY OF LIFE FOR THE BUSINESSES AND RESIDENTS OF LA QUINTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORED MONTHLY, QUARTERLY, AND ANNUAL EVENTS INCLUDING MIXERS, BUSINESS EXPOSITIONS, AND LUNCHEONS TO PROMOTE AND ENHANCE NETWORK OPPORTUNITIES FOR BUSINESSES LOCATED IN THE CITY OF LA QUINTA. THE ORGANIZATION ALSO MAKES AND DISTRIBUTES VARIOUS PUBLICATIONS AND NEWSLETTERS THAT PROMOTES BUSINESS AND COMMERCE OPPORTUNITIES IN THE CITY OF LA QUINTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Archer CEO Thru 6/2015 | 40 | $78,610 | |
Doug Motz Chairman | OfficerTrustee | 5 | $0 |
Kellie Kennedy Treasurer | OfficerTrustee | 5 | $0 |
Deborah Tryon Secretary | OfficerTrustee | 5 | $0 |
Mark Moran Past Chair | OfficerTrustee | 5 | $0 |
Jason Schneider Incoming Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,337 |
| Investment income | $3 |
| 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 | $522,089 |
| Statement of Expenses | |
|---|---|
| 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. | $82,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,382 |
| Payroll taxes | $21,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,800 |
| Travel | $3,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,075 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $915 |
| Insurance | $4,385 |
| All other expenses | $0 |
| Total functional expenses | $544,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,507 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,732 |
| Accounts payable and accrued expenses | $50,985 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $0 |
| Other liabilities | $13,489 |
| Total liabilities | $104,474 |
| Net assets without donor restrictions | -$44,742 |
| 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 |
| Total liabilities and net assets/fund balances | -$44,742 |
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