Denver Metro Chamber Of Commerce
- Assets
- $23.0m
- Revenue
- $9.7m
- Investments
- $12.0m
- Employees
- 55
- Location
- Denver, CO
- Founding
- 07/1935
- Data as of
- 08/2023
- 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 08/2023, Denver Metro Chamber Of Commerce employed 55 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 08/2023, Denver Metro Chamber Of Commerce generated $9.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $10.2m during the year ending 08/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
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: AS THE NATION'S FIRST REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION, WE SERVE AS THE "CENTER OF INFLUENCE" FOR OUR MEMBERS. WE OVERSEE A NETWORK OF 10 COUNTIES THAT COLLECTIVELY CONTRIBUTE TO A DYNAMIC ECONOMY AND ENRICHING CULTURAL LANDSCAPE.
GOVERNMENT AFFAIRS: THE CHAMBER ADVOCATES ON BEHALF OF ITS MEMBER BUSINESSES ON ISSUES CRITICAL TO ECONOMIC COMPETITIVENESS, HOUSING, AND SUSTAINABILITY. 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Ament President & | OfficerTrustee | 35 | $369,357 |
Ray Gonzales President Ed | Officer | 40 | $313,792 |
Jerome Davis President Dm | Officer | 1 | $0 |
Dave Suss Vp/finance & | Officer | 36 | $223,717 |
Steve Jorgensen Enterprise S | 40 | $230,742 | |
Todd Cameron Enterprise S | 40 | $206,820 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Development Research Partners Econ. Research | 8/30/23 | $318,935 |
Research Consultants International Econ. Research | 8/30/23 | $133,950 |
Ssa Group Llc Event Catering | 8/30/23 | $108,821 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,188,725 |
| Fundraising events | $0 |
| Related organizations | $20,216 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,501,419 |
| Noncash contributions included in lines 1a–1f | $46,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,710,360 |
| Total Program Service Revenue | $1,069,512 |
| Investment income | -$108,342 |
| 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 | $9,671,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $143,494 |
| 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. | $1,025,506 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,073,028 |
| Pension plan accruals and contributions | $121,628 |
| Other employee benefits | $288,304 |
| Payroll taxes | $358,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,969 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $365,438 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $435,725 |
| Advertising and promotion | $637,688 |
| Office expenses | $91,044 |
| Information technology | $129,021 |
| Royalties | $0 |
| Occupancy | $241,551 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $862,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,663 |
| Insurance | $44,451 |
| All other expenses | $0 |
| Total functional expenses | $10,237,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,053,070 |
| Savings and temporary cash investments | $8,208,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,301 |
| 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 | $299,312 |
| Net Land, buildings, and equipment | $750,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,977,258 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569,323 |
| Total assets | $23,045,015 |
| Accounts payable and accrued expenses | $1,353,959 |
| Grants payable | $0 |
| Deferred revenue | $1,208,098 |
| 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 | $107,191 |
| Total liabilities | $2,669,248 |
| Net assets without donor restrictions | $19,903,441 |
| Net assets with donor restrictions | $472,326 |
| 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 | $23,045,015 |
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 METRO CHAMBER LEADERSHIP FOUNDATION PURPOSE: General support | $25,000 |
WESTERN STOCK SHOW ASSOCIATION PURPOSE: Capital campaign for National Western Center | $250,000 |