Roswell Chamber Of Commerce
- Assets
- $243.4k
- Revenue
- $363.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Roswell, NM
- Founding
- 05/1973
- Data as of
- 06/2021
- EIN
- 85-0213644
Organization Overview
Roswell Chamber Of Commerce is located in Roswell, NM. The organization was established in 1973. 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, Roswell Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roswell 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, Roswell Chamber Of Commerce generated $363.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $318.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 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 PROMOTE ECONOMIC AND SOCIAL PROSPERITY BY ASSISTING BUSINESS DEVELOPMENT AND TOURISM BY FOSTERING COMMUNITY SPIRIT AND PRIDE IN THE CITY OF ROSWELL AND CHAVES COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF ROSWELL BUSINESSES AND ROSWELL AS A PLACE TO LIVE AND SHOP.
TO PROMOTE ROSWELL AND ITS BUSINESSES THROUGH THE SALE OF THE ROSWELL NOW MAGAZINE AND ADVERTISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Winters Vice-Chairma | OfficerTrustee | 10 | $0 |
Kaye Whitefoot Secretary | OfficerTrustee | 10 | $0 |
Nic Snowberger Chairman Of | OfficerTrustee | 10 | $0 |
Don Munds Treasurer | OfficerTrustee | 10 | $0 |
Buddy Daniels Director | Trustee | 2 | $0 |
Nathan Brandt Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,895 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $135,477 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,372 |
| Total Program Service Revenue | $72,472 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,453 |
| 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 | $363,019 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,160 |
| Advertising and promotion | $6,038 |
| Office expenses | $34,786 |
| Information technology | $19,063 |
| Royalties | $0 |
| Occupancy | $21,641 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,792 |
| Insurance | $7,861 |
| All other expenses | $42,719 |
| Total functional expenses | $318,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,686 |
| Savings and temporary cash investments | $614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,900 |
| 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 | $0 |
| Net Land, buildings, and equipment | $129,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $243,403 |
| Accounts payable and accrued expenses | $8,361 |
| Grants payable | $110,853 |
| 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 | $37,853 |
| Other liabilities | $0 |
| Total liabilities | $157,067 |
| Net assets without donor restrictions | $86,336 |
| 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 | $243,403 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roswell Chamber Of Commerce has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Krumland Foundation Dated 12-15-2018 Reston, VA PURPOSE: $10K TO CLOTHES FOR KIDS, $10K TO HOLIDAY GROCERY SUPPORT FOR INDIVIDUALS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |