Sedona Chamber Of Commerce Inc
- Assets
- $1.2m
- Revenue
- $534.8k
- Investments
- $0.0
- Employees
- 22
- Location
- Sedona, AZ
- Founding
- 11/1975
- Data as of
- 12/2023
- EIN
- 86-0134659
Organization Overview
Sedona Chamber Of Commerce Inc is located in Sedona, AZ. The organization was established in 1975. 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 12/2023, Sedona Chamber Of Commerce Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sedona Chamber Of Commerce Inc 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 12/2023, Sedona Chamber Of Commerce Inc generated $534.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (34.4%) each year. All expenses for the organization totaled $783.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (28.2%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SEDONA CHAMBER OF COMMERCE, INCS (SCC) MISSION IS TO PROMOTE AND FOSTER THE CIVIC, ECONOMIC, AND SOCIAL WELFARE OF ITS MEMBERSHIP BY PROMOTING BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT IN THE CITY OF SEDONA AND ITS SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCC HAS APPROXIMATELY 750 MEMBERS LOCATED IN THE GREATER SEDONA AREA. CHAMBER PROGRAMS FOCUS ON HELPING BUSINESSES AND ORGANIZATIONS BY PROVIDING BUSINESS ASSISTANCE AND EDUCATION, NETWORKING EVENTS, AND VALUABLE MARKETING OPTIONS AIMED AT ATTRACTING LOCALS AND TOURISTS TO MEMBER BUSINESSES. DURING THE SIX MONTHS ENDED 12/31/23, THE CHAMBER HELD THIRTY EVENTS, WHICH INCLUDED TWO COMMUNITY EVENTS, FOURTEEN EDUCATION EVENTS, NINE MEMBER RECOGNITION RIBBON CUTTINGS, AND FIVE NETWORKING EVENTS.
THE SCC OPERATES THE SEDONA VISITOR CENTER LOCATED IN UPTOWN SEDONA, ONE OF THE BUSIEST VISITOR CENTERS IN ARIZONA. THE SCC OWNS THE BUILDING AND PROVIDES THE HUMAN RESOURCES AND MANAGEMENT EXPERTISE AND THE CITY OF SEDONA PROVIDES MOST OF THE FUNDING FOR OPERATIONS. THE VISITOR CENTER SERVED 75,000 VISITORS DURING THE PERIOD 7/1/23 TO 12/31/23. STAFF AND VOLUNTEERS ACT AS DESTINATION EXPERTS, GREETING GUESTS AND OFFERING INSIGHTS TO THE AREAS AMENITIES WHILE EDUCATING VISITORS ON IMPORTANT SUSTAINABILITY PRACTICES INCLUDING ENVIRONMENTAL STEWARDSHIP AND RECREATING RESPONSIBLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Conway Presidentceo | Officer | 50 | $136,112 |
Gary Stewart Director Of Finance | Officer | 40 | $64,007 |
Mackenzi Rodgers Director | Trustee | 2 | $0 |
Julie Richard Director | Trustee | 2 | $0 |
Lonnie Lillie Director | Trustee | 2 | $0 |
Ed Rose Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $218,174 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,393 |
| Total Program Service Revenue | $213,608 |
| Investment income | $3,528 |
| 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 | $12,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $534,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $100,060 |
| Compensation of current officers, directors, key employees. | $95,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,150 |
| Pension plan accruals and contributions | $6,070 |
| Other employee benefits | $33,537 |
| Payroll taxes | $27,668 |
| Fees for services: Management | $43,602 |
| Fees for services: Legal | $3,336 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,450 |
| Advertising and promotion | $151,869 |
| Office expenses | $35,456 |
| Information technology | $11,908 |
| Royalties | $42,022 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,542 |
| Insurance | $3,629 |
| All other expenses | $19,484 |
| Total functional expenses | $783,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,749 |
| Savings and temporary cash investments | $179,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,856 |
| Prepaid expenses and deferred charges | $390 |
| Net Land, buildings, and equipment | $730,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,472 |
| Total assets | $1,168,756 |
| Accounts payable and accrued expenses | $114,458 |
| Grants payable | $0 |
| Deferred revenue | $140,249 |
| 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 | $567,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,472 |
| Total liabilities | $831,014 |
| Net assets without donor restrictions | $337,742 |
| 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 | $1,168,756 |