Denver Metro Chamber Of Commerce
- Assets
- $24.1m
- Revenue
- $9.8m
- Investments
- $12.2m
- Employees
- 57
- Location
- Denver, CO
- Founding
- 07/1935
- Data as of
- 08/2022
- EIN
- 84-0186760
Organization Overview
Denver Metro Chamber Of Commerce is located in Denver, CO. The organization was established in 1935. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2022, Denver Metro Chamber Of Commerce employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Metro 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 08/2022, Denver Metro Chamber Of Commerce generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $8.8m during the year ending 08/2022. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
MDEDC: THROUGH THE METRO DENVER ECONOMIC DEVELOPMENT CORPORATION, THE CHAMBER WORKS TO COORDINATE THE ECONOMIC DEVELOPMENT ACTIVITIES IN THE METRO DENVER AREA TO RETAIN BUSINESSES IN THE REGION AND TO RECRUIT BUSINESSES TO THE REGION.
PUBLIC AFFAIRS: THE CHAMBER ADVOCATES ON BEHALF OF ITS MEMBER BUSINESSES ON ISSUES CRITICAL TO THE ECONOMIC VITALITY AND QUALITY OF LIFE WITHIN THE REGION, INCLUDING EDUCATION, TRANSPORTATION, HEALTH CARE AND SMALL BUSINESS SERVICES.
EVENTS: THE DENVER METRO CHAMBER OF COMMERCE HOSTS MORE THAN 50 EVENTS ANNUALLY TO HELP OUR MEMBERS MAKE CONNECTIONS, BUILD LEADS, STAY UP TO DATE, AND GROW THEIR BUSINESS AND BRAND RECOGNITION IN THE COMMUNITY.
COMMUNICATIONS AND COMMUNITY DEVELOPMENT: COMMUNICATE THE ORGANIZATION'S FOCUS AND POSITIONS ON ISSUES INCLUDING PUBLIC POLICY AND ECONOMIC GROWTH AND EQUALITY TO THE BUSINESS COMMUNITY AND GENERAL PUBLIC. BUSINESS SERVICES: THE DENVER METRO CHAMBER OF COMMERCE HAS A NUMBER OF FREE AND LOW-COST PROGRAMS FOR MEMBERS TO ENGAGE IN AS A BENEFIT OF MEMBERSHIP. FROM MONTHLY ROUNDTABLES TO INTIMATE NETWORKING AND ACCESS OPPORTUNITIES, THE BUSINESS SERVICES DEPARTMENT FINDS A WAY FOR EVERYONE TO GET INVOLVED. SBDC: THROUGH THE DENVER METRO SMALL BUSINESS DEVELOPMENT CENTER, THE CHAMBER WORKS TO ENSURE CLIENTS REACH THEIR FULL ENTREPRENEURIAL POTENTIAL THROUGH CONSULTING, TRAINING AND PROGRAMS. OPPORTUNITY YOUTH: THE DENVER METRO CHAMBER OF COMMERCE IS LEADING THE DENVER OPPORTUNITY YOUTH INITIATIVE AIMED AT PROVIDING EDUCATION, CAREER OPPORTUNITIES, AND SUPPORT SYSTEMS TO 16 - 24 YEAR-OLDS WHO ARE DISCONNECTED FROM WORK OR SCHOOL. THIS IS ACCOMPLISHED BY PARTNERING WITH NONPROFIT, GOVERNMENT, AND BUSINESS ORGANIZATIONS TO CREATE PIPELINES FOR OPPORTUNITY YOUTH TO ACCESS MEANINGFUL WORK EXPERIENCES AND CAREERS. PROGRAM WAS TRANSFERRED TO ANOTHER NON-PROFIT AT END OF FY22. PROSPER COLORADO: PROSPER CO'S MISSION IS TO MAKE THIS THE BEST REGION IN THE COUNTRY TO LIVE, WORK OR DO BUSINESS - NO MATTER YOUR RACE, ETHNICITY OR GENDER. PROSPER CO DOES THIS BY PROVIDING THE TOOLS AND RESOURCES THAT EMPLOYERS NEED TO BE ABLE TO MOVE MORE WOMEN AND PEOPLE OF COLOR ACROSS THE INCOME CONTINUUM, BY SUPPORTING THE STARTS AND GROWTH OF WOMEN AND BIPOC OWNED BUSINESSES, AND BY ADDRESSING HOUSING AFFORDABILITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Ament President & | OfficerTrustee | 35 | $262,734 |
Kelly Brough Pres. & CEO | OfficerTrustee | 35 | $251,067 |
Dave Suss VP Of Financ | Officer | 36 | $180,948 |
Laura Rizzo VP Of Policy | Officer | 40 | $179,324 |
Katherine Rizzuto VP Of Sales | 40 | $153,955 | |
Robert Kross Sr. Membersh | 40 | $117,536 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Western Stock Show Event | 8/30/22 | $203,106 |
Development Research Partners Econ. Research | 8/30/22 | $187,858 |
Pg Exhibits Trade Show | 8/30/22 | $103,851 |
Elasticity Llc Marketing | 8/30/22 | $101,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,350,118 |
| Fundraising events | $0 |
| Related organizations | $228,714 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,179,202 |
| Noncash contributions included in lines 1a–1f | $76,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,758,034 |
| Total Program Service Revenue | $862,775 |
| Investment income | $176,026 |
| 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 | $9,796,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $247,233 |
| 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. | $919,705 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,443,308 |
| Pension plan accruals and contributions | $110,108 |
| Other employee benefits | $262,083 |
| Payroll taxes | $308,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,228 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $73,333 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $371,805 |
| Advertising and promotion | $718,440 |
| Office expenses | $146,943 |
| Information technology | $145,541 |
| Royalties | $0 |
| Occupancy | $242,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $592,829 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,296 |
| Insurance | $38,383 |
| All other expenses | $0 |
| Total functional expenses | $8,764,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,401,829 |
| Savings and temporary cash investments | $5,919,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,466 |
| 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 | $250,048 |
| Net Land, buildings, and equipment | $768,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,219,399 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,682 |
| Total assets | $24,074,791 |
| Accounts payable and accrued expenses | $1,668,203 |
| Grants payable | $0 |
| Deferred revenue | $1,279,124 |
| 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 | $185,391 |
| Total liabilities | $3,132,718 |
| Net assets without donor restrictions | $20,390,765 |
| Net assets with donor restrictions | $551,308 |
| 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 | $24,074,791 |
Grants Awarded
Over the last fiscal year, Denver Metro Chamber Of Commerce has awarded $275,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: Capital campaign for National Western Center | $250,000 |
Denver, CO PURPOSE: General support | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Denver Metro Chamber Of Commerce has recieved totaling $225,520.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: STRENGTHEN COMMUNITY HEALTH | $200,000 |
Delta Dental Plan Of Colorado Foundation Inc Centennial, CO PURPOSE: "Prosper Colorado Investment" sponsorship/donation | $25,000 |
Giving Generations Foundation Denver, CO PURPOSE: CHARITY | $520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Arizona Chamber Of Commerce Scottsdale, AZ | $2,431,863 | $4,265,420 |
Visit Mesa Mesa, AZ | $4,162,737 | $5,173,998 |