Gallup-Mckinley County Chamber Of Commerce
- Assets
- $607.6k
- Revenue
- $454.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Gallup, NM
- Founding
- 10/1942
- Data as of
- 06/2023
- EIN
- 85-0037837
Organization Overview
Gallup-Mckinley County Chamber Of Commerce is located in Gallup, 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 06/2023, Gallup-Mckinley County Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gallup-Mckinley County 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, Gallup-Mckinley County Chamber Of Commerce generated $454.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $600.9k during the year ending 06/2023. 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 MISSION OF THE GALLUP MCKINLEY COUNTY CHAMBER OF COMMERCE IS TO CREATE, MAINTAIN AND ENHANCE A BUSINESS ENVIRONMENT WHICH ENCOURAGES AND SUPPORTS POSITIVE BUSINESS GROWTH IN THE CITY OF GALLUP AND MCKINLEY COUNTY AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THE PAST YEAR THE GALLUP MCKINLEY COUNTY CHAMBER OF COMMERCE HAS SUCCESSFULLY ADVOCATED ON BEHALF OF SMALL BUSINESS. OUR ORGANIZATION WAS A KEY CONTRIBUTOR TO DECISIONS MADE AT THE CITY, COUNTY, AND STATE LEVELS. AT THE CITY LEVEL WE WORKED WITH CITY OF GALLUP LEADERSHIP TO FIND ALTERNATIVE SOLUTIONS TO A PROPOSED PLAN THAT WOULD HAVE RAISED WATER RATES THROUGHOUT THE CITY BY AS MUCH AS 200% IN SOME INSTANCES. AT THE STATE LEVEL OUR CHAMBER WAS INSTRUMENTAL IN RALLYING OUR MEMBERSHIP AGAINST A PAID FAMILY MEDICAL LEAVE ACT THAT WAS DEEM TO BE UNSUSTAINABLE AND VERY TOXIC LEGISLATION FOR BUSINESSES AS WELL AS THEIR EMPLOYEES. ON A COUNTY WIDE LEVEL, WE WERE SUCCESSFUL IN BRINGING BACK A BIG CIVIC EVENT, THAT CELEBRATES OUR HERITAGE AND CULTURE ON ROUTE 66. THESE ACCOMPLISHMENTS ALONG WITH THE CONTINUED PROMOTIONAL SUPPORT FOR BUSINESSES IN GALLUP/MCKINLEY COUNTY SHOW OUR COMMITMENT TO THE VALUES OF COMMERCE COLLABORATION AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Piano President | OfficerTrustee | 2 | $0 |
Gilbert Ramirez Vice Preside | OfficerTrustee | 2 | $0 |
Melissa Rodriguez Treasurer | OfficerTrustee | 2 | $0 |
Silvano Corral Secretary | OfficerTrustee | 2 | $0 |
Marie Choida Director | Trustee | 2 | $0 |
Janice Welch Director | Trustee | 2 | $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 | $3,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,600 |
| Total Program Service Revenue | $276,762 |
| Investment income | $544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $173,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,676 |
| 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. | $103,474 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,341 |
| Payroll taxes | $25,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,886 |
| Advertising and promotion | $38,639 |
| Office expenses | $69,440 |
| Information technology | $5,348 |
| Royalties | $0 |
| Occupancy | $22,911 |
| Travel | $21,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,007 |
| Insurance | $4,771 |
| All other expenses | $3,014 |
| Total functional expenses | $600,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,095 |
| Savings and temporary cash investments | $431,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,303 |
| 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 | $3,089 |
| Net Land, buildings, and equipment | $121,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $607,608 |
| Accounts payable and accrued expenses | $8,697 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $336,948 |
| Total liabilities | $345,645 |
| Net assets without donor restrictions | $261,963 |
| 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 | $607,608 |