Albuquerque Chamber Of Commerce
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Albuquerque, NM
- Founding
- 06/1962
- Data as of
- 06/2023
- EIN
- 85-0018940
Organization Overview
Albuquerque Chamber Of Commerce is located in Albuquerque, NM. The organization was established in 1962. 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 06/2023, Albuquerque Chamber Of Commerce employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albuquerque 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 06/2023, Albuquerque Chamber Of Commerce generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. While expenses have increased by 6.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER ALBUQUERQUE CHAMBER OF COMMERCE WORKS EVERY DAY TO MAKE OUR COMMUNITY A PLACE WHERE BUSINESSES CAN GROW AND PROSPER, WHERE PEOPLE WANT TO RAISE THEIR FAMILIES AND WHERE TOURISTS WANT TO VISIT. AS THE VOICE OF BUSINESS SINCE 1917, WE ENVISION NEW MEXICANS LIVING IN SAFE NEIGHBORHOODS, WORKING IN REWARDING CAREERS AT THRIVING BUSINESSES, WHILE THEIR CHILDREN ATTEND GREAT SCHOOLS AND ENJOY THEIR LEISURE TIME IN ONE OF THE MOST BEAUTIFUL REGIONS ON EARTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS RESOURCES & EDUCATION: ATTRACT NEW BUSINESSES AND PROVIDE INFORMATION TO EXISTING BUSINESSES; TENS OF THOUSANDS OF MEMBERS HAVE BENEFITED FROM THIS PROGRAM.
TO SUPPORT AND IMPROVE PUBLIC EDUCATION IN NEW MEXICO.
MEMBERSHIP & COMMUNICATION: EVALUATE CONCERNS OF BUSINESS MEMBERSHIP AND INFORM THE PUBLIC OF BUSINESS CONCERNS AND PROGRESS FOR THOUSANDS OF MEMBERS.
GOVERNMENTAL & QUALITY OF LIFE: MONITOR LEGAL ENVIRONMENT, GOVERNMENTAL ELECTIONS, AND QUALITY OF LIFE ISSUES; TENS OF THOUSANDS OF MEMBERS HAVE BEEN HELPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shad James Director | Trustee | 1 | $0 |
Greg Leyendecker Director | Trustee | 1 | $0 |
Jay Rosenblum Dir Thru Apr | Trustee | 1 | $0 |
Deanne Eaton Director | Trustee | 1 | $0 |
Ryan Shell Director | Trustee | 1 | $0 |
Rick Alvidrez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,111 |
| Total Program Service Revenue | $1,975,627 |
| Investment income | $836 |
| 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 | $2,342,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $264,338 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,838 |
| Pension plan accruals and contributions | $13,423 |
| Other employee benefits | $12,349 |
| Payroll taxes | $48,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $449 |
| Fees for services: Accounting | $55,856 |
| Fees for services: Lobbying | $4,328 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,214 |
| Advertising and promotion | $12,115 |
| Office expenses | $16,237 |
| Information technology | $20,827 |
| Royalties | $0 |
| Occupancy | $112,056 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,202 |
| Interest | $1,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,474 |
| Insurance | $23,113 |
| All other expenses | $2,382 |
| Total functional expenses | $2,085,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,019,220 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $493 |
| 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 | $44,777 |
| Net Land, buildings, and equipment | $94,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $707,078 |
| Total assets | $1,866,534 |
| Accounts payable and accrued expenses | $83,563 |
| Grants payable | $0 |
| Deferred revenue | $287,732 |
| 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 | $22,591 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,067,605 |
| Total liabilities | $1,461,491 |
| Net assets without donor restrictions | $405,043 |
| 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 | $1,866,534 |