Steamboat Springs Chamber
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Steamboat Springs, CO
- Founding
- 12/1947
- Data as of
- 12/2023
- EIN
- 84-0394242
Organization Overview
Steamboat Springs Chamber is located in Steamboat Springs, CO. The organization was established in 1947. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Steamboat Springs Chamber employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steamboat Springs Chamber 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 12/2023, Steamboat Springs Chamber generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: WE ARE THE CATALYST FOR BUSINESS GROWTH. WE ARE THE CONVENER OF LEADERS AND INFLUENCERS. WE CHAMPION FOR A THRIVING COMMUNITY. TO SUPPORT, ENCOURAGE AND SUSTAIN A VIBRANT, HEALTHY ECONOMY IN STEAMBOAT SPRINGS AND SURROUNDING AREAS,TO ACT AS A SPOKESPERSON AND ADVOCATE FOR THE BUSINESS AND PROFESSIONAL COMMUNITY,TO SUPPORT ALL EXISTING INDUSTRIES AND WELCOME AND NURTURE NEW INDUSTRIES,TO PRESERVE OUR ENVIRONMENT AND WORKFORCE AS INTEGRAL COMPONENTS OF OUR ECONOMIC WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STEAMBOAT SPRINGS CHAMBER SUPPORTS BUSINESS GROWTH AND WORKS TO KEEP STEAMBOAT SPRINGS A GREAT PLACE TO LIVE AND WORK. THE STEAMBOAT SPRINGS CHAMBER ADVOCATE FOR PRO-BUSINESS POLICY AND INITIATIVES THAT SUPPORT ECONOMIC DEVELOPMENT. MEMBERSHIP EFFORTS SUPPORTED BUSINESS GROWTH BY CREATING NEW BUSINESS EDUCATION OPPORTUNITIES, CONNECTING MEMBERS WITH NEEDED RESOURCES, AND ENSURING USE OF MEMBERSHIP BENEFITS. DESTINATION STEWARDSHIP EFFORTS WERE FOCUSED ON STRIKING A BALANCE BETWEEN QUALITY OF LIFE FOR RESIDENTS AND CREATING EXCELLENT VISITOR EXPERIENCES. OUR KINDNESS FLOATS THE BOAT MESSAGING TARGETED VISITORS WHO WERE ALREADY IN STEAMBOAT AND ENCOURAGED VISITORS TO TRAVEL MINDFULLY. THE MESSAGE WAS DELIVERED THROUGH SOCIAL, TARGETED ADS, WEBSITE AND COMMUNICATED TO VISITORS THROUGH OUR VISITORS CENTER AND AT VARIOUS EVENTS THROUGHOUT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Leonard CEO | Officer | 40 | $101,534 |
Ted Carey Past President | OfficerTrustee | 1 | $0 |
Sarah Fox President | OfficerTrustee | 1 | $0 |
Soniya Fidler Vp/treasurer | OfficerTrustee | 1 | $0 |
Loryn Duke Exec Committee | OfficerTrustee | 1 | $0 |
Kathy Elliott Exec Committee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $273,874 |
| Fundraising events | $64,068 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,942 |
| Total Program Service Revenue | $636,527 |
| Investment income | $7,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,936 |
| 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 | $1,175,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,020 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,534 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $466,488 |
| Pension plan accruals and contributions | $18,429 |
| Other employee benefits | $41,805 |
| Payroll taxes | $49,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $107,122 |
| Office expenses | $35,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,055 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,806 |
| Insurance | $0 |
| All other expenses | $60,709 |
| Total functional expenses | $1,162,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,591 |
| Savings and temporary cash investments | $50,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,518 |
| 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 | $8,085 |
| Net Land, buildings, and equipment | $294,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,641 |
| Total assets | $1,066,129 |
| Accounts payable and accrued expenses | $45,106 |
| Grants payable | $0 |
| Deferred revenue | $48,622 |
| 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 | $38,018 |
| Total liabilities | $131,746 |
| Net assets without donor restrictions | $934,383 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,066,129 |