Carlsbad Chamber Of Commerce
- Assets
- $1.0m
- Revenue
- $986.1k
- Investments
- $0.0
- Employees
- 20
- Location
- Carlbad, NM
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 85-0026470
Organization Overview
Carlsbad Chamber Of Commerce is located in Carlbad, NM. 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 06/2021, Carlsbad Chamber Of Commerce employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlsbad 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 06/2021, Carlsbad Chamber Of Commerce generated $986.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LEADERSHIP, GUIDANCE, AND SUPPORT TO THE BUSINESS COMMUNITY FOR THE PROMOTION OF ECONOMIC AND COMMUNIY GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARLSBAD VISITORS BUREAU-ADVERTISING AND PROMOTION FOR TOURISM AND CONVENTIONS IN THE CARLSBAD AREA, AND TO MAINTAIN THE CARLSBAD PECOS RIVER VILLAGE CONVENTION CENTER.
CHRISTMAS ON THE PECOS AND OTHER EVENTS TO ATTRACT TOURIST TO CARLSBAD NEW MEXICO, TO PROMOTE BUSINESS AND ECONOMIC GROWTH DURING THE HOLIDAY SEASONS. CHRISTMAS ON THE PECOS OFFERS TOURIST BOAT RIDES ON THE PECOS RIVER TO VIEW CHRISTMAS DISPLAYS AND DECORATIONS FROM THE RESIDENTS LOCATED ON THE RIVER BANKS.
RETIREMENT COUNCIL ADVERTISING AND PROMOTION TO BRING RETIREES TO CARLSBAD NEW MEXICO TO PROMOTE THE RETIREMENT POPULATION IN THE CITY.
MEMBERSHIP SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Ingram CEO | Officer | 40 | $65,650 |
Jill Barkley Director | Trustee | $0 | |
David Beaty Director | Trustee | $0 | |
Ashley Bock Director | Trustee | $0 | |
Jeff Cambell Director | Trustee | $0 | |
Clint Cone Chairman | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $938,468 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,133 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,460 |
| Pension plan accruals and contributions | $7,540 |
| Other employee benefits | $0 |
| Payroll taxes | $24,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $357,812 |
| Office expenses | $7,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,517 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,990 |
| Insurance | $38,030 |
| All other expenses | $0 |
| Total functional expenses | $1,041,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,782 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,127 |
| 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 | $21,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,034,181 |
| Accounts payable and accrued expenses | $43,252 |
| Grants payable | $0 |
| Deferred revenue | $45,323 |
| 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 | $177,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $265,817 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $768,364 |
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