Boulder Chamber Of Commerce
- Assets
- $2.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 32
- Location
- Boulder, CO
- Founding
- 07/1942
- Data as of
- 12/2022
- EIN
- 84-0152700
Organization Overview
Boulder Chamber Of Commerce is located in Boulder, CO. The organization was established in 1942. 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 12/2022, Boulder Chamber Of Commerce employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder 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 12/2022, Boulder Chamber Of Commerce generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT LOCAL BUSINESS, ADVOCATE FOR A STRONG BUSINESS ENVIRONMENT & SUSTAIN ECONOMIC VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOULDER CHAMBER OF COMMERCE (BCC) HAD APPROXIMATELY 1,207 PAYING MEMBERS. IT SPONSORED SEMINARS, PROGRAMS AND OTHER SERVICES THAT ENHANCE THE QUALITY OF LIFE AND PROMOTE BALANCED ECONOMIC DEVELOPMENT IN THE CITY AND COUNTY. THE BOULDER ECONOMIC COUNCIL (BEC), THE ECONOMIC DEVELOPMENT ARM OF THE BOULDER CHAMBER, IS DEDICATED TO BOULDER'S ECONOMIC PROSPERITY. THE BEC'S PRIORITIES ARE TO SUPPORT EXISTING BUSINESSES IN BOULDER'S KEY INDUSTRIES AND TO ADVOCATE FOR A BUSINESS ENVIRONMENT THAT CONTINUES TO NURTURE PRIMARY EMPLOYERS AND INDUSTRIES.
BOULDER TOGETHER IS A PROGRAM DEVELOPED TO SUPPORT WORKFORCE TALENT AND SUSTAIN BUSINESS SUCCESS BY COLLABORATION WITH CIVIC AND COMMUNITY ORGANIZATIONS LOCALLY AND REGIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tayer President & CEO | Officer | 50 | $199,123 |
Scott Sternberg Associate VP Of Economic Vitality | 40 | $132,200 | |
Karen Kruse VP & COO (thru 07/22) | Officer | 50 | $79,587 |
Jacqueline Mccauley VP Of Finance (as Of 07/22) | Officer | 40 | $56,603 |
Bing Chou Chair | OfficerTrustee | 2 | $0 |
Kate Brown Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,169,194 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $111,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,300,713 |
| Total Program Service Revenue | $1,017,510 |
| Investment income | $4,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,498 |
| 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 | $2,487,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $245 |
| Grants and other assistance to domestic individuals. | $14,416 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $383,190 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $927,001 |
| Pension plan accruals and contributions | $13,326 |
| Other employee benefits | $152,884 |
| Payroll taxes | $110,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,548 |
| Fees for services: Accounting | $25,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,781 |
| Advertising and promotion | $23,603 |
| Office expenses | $62,597 |
| Information technology | $108,372 |
| Royalties | $0 |
| Occupancy | $130,195 |
| Travel | $4,723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,033 |
| Interest | $11,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,518 |
| Insurance | $17,156 |
| All other expenses | $3,435 |
| Total functional expenses | $2,415,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,371 |
| Savings and temporary cash investments | $822,973 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,971 |
| 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 | $22,031 |
| Net Land, buildings, and equipment | $585,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $388,062 |
| Total assets | $2,684,313 |
| Accounts payable and accrued expenses | $366,059 |
| Grants payable | $0 |
| Deferred revenue | $122,831 |
| 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 | $253,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $742,084 |
| Net assets without donor restrictions | $1,806,083 |
| Net assets with donor restrictions | $136,146 |
| 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 | $2,684,313 |
Grants Awarded
Over the last fiscal year, Boulder Chamber Of Commerce has awarded $290,624 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BLDR VALLEY GIRLS SOFTBALL PURPOSE: To carry out its charitable purpose | $20,000 |
ADVENTURE FILM FESTIVAL PURPOSE: To carry out its charitable purpose | $5,800 |
CITY OF BOULDER | | | $52,024 |
COLORADO TOURISM OFFICE PURPOSE: To carry out its charitable purpose | $50,000 |
DOWNTOWN BOULDER PARTNERSHIP PURPOSE: To carry out its charitable purpose | $10,000 |
JLF COLORADO PURPOSE: Support of local event | $6,000 |