Tempe Chamber Of Commerce
- Assets
- $529.8k
- Revenue
- $682.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Tempe, AZ
- Founding
- 03/1973
- Data as of
- 06/2021
- EIN
- 86-0060875
Organization Overview
Tempe Chamber Of Commerce is located in Tempe, AZ. 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, Tempe Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tempe 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, Tempe Chamber Of Commerce generated $682.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $576.3k during the year ending 06/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC GROWTH, BE THE LEADING PUBLIC POLICY ADVOCATE FOR BUSINESS, BE A STRATEGIC PARTNER IN INTITIATIVES THAT IMPROVE THE QUALITY OF LIFE, AND PROVIDE VALUED SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEMPE CHAMBER OF COMMERCE IS THE LEADING REPRESENTATIVE OF BUSINESS ISSUES IN THE COMMUNITY. COMMITTEES WORK TO DEVELOP LOCAL, STATE AND FEDERAL POLICY AGENDAS AND SERVE TO LET ELECTED OFFICIALS KNOW THE ORGANIZATION STANCE ON ISSUES. EVENTS SUCH AS THE STATE OF THE COMMUNITY ALLOW MEMBERS TO HEAR DIRECTLY FROM THEIR ELECTED REPRESENTATIVES.
THE TEMPE CHAMBER OF COMMERCE PROVIDES EDUCATIONAL OPPORTUNITIES TO DIRECTLY HELP MEMBERS. THE WOMEN IN BUSINESS CONFERENCE AND TRADE SHOW, HOT TOPICS, AND SERIES ON USING SOCIAL MEDIA PROGRAMS ARE DESIGNED TO GIVE MEMBERS TOOLS THAT THEY CAN IMMEDIATELY PUT TO USE IN THEIR BUSINESS.
THE ABILITY TO CONNECT WITH OTHER BUSINESSES TO SHARE IDEAS AND BUSINESS LEADS IS A CRITICAL PART OF THE CHAMBER PROGRAMS. THE WEB SITE AND SOCIAL MEDIA PLATFORM ALLOW MEMBERS TO INTERACT 24/7, WHILE THE MORE TRADITIONAL MORNING AND EVENING MIXERS AND BUSINESS OWNERS FORUM FURTHER ENCOURAGES RALATIONSHIP BUILDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Gill President & | Trustee | 40 | $135,000 |
Chad Akin Director | Trustee | 2 | $0 |
Raveen Arora Director | Trustee | 2 | $0 |
Josh Diker Director | Trustee | 2 | $0 |
Jihan Cottrell Director | Trustee | 2 | $0 |
Andrew Ching Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,110 |
| Investment income | $403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $207,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,044 |
| 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. | $141,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,345 |
| Pension plan accruals and contributions | $1,000 |
| Other employee benefits | $19,846 |
| Payroll taxes | $6,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,091 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,979 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,610 |
| Travel | $7,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,212 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,585 |
| All other expenses | $0 |
| Total functional expenses | $576,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,225 |
| 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 | $17,179 |
| Investments—publicly traded securities | $159,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $529,823 |
| Accounts payable and accrued expenses | $30,653 |
| Grants payable | $0 |
| Deferred revenue | $145,995 |
| 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 | $102,017 |
| Total liabilities | $278,665 |
| 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 | $251,158 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tempe Chamber Of Commerce has recieved totaling $32.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $7,293 |
| Net Contributions | $3,541 |
| Grants | $1,500 |
| Ending Balance | $9,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
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 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |