Greater Florence Chamber Of Commerce Inc
- Assets
- $69.0k
- Revenue
- $204.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Florence, AZ
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 86-0683213
Organization Overview
Greater Florence Chamber Of Commerce Inc is located in Florence, AZ. The organization was established in 1997. 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 12/2022, Greater Florence Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Florence 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 12/2022, Greater Florence Chamber Of Commerce Inc generated $204.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $191.8k during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER FLORENCE CHAMBER OF COMMERCE PROMOTES, UNITES, AND ADVOCATES FOR OUR BUSINESS MEMBERS TO ACHIEVE ECONOMIC GROWTH AND PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER FLORENCE CHAMBER OF COMMERCE OPERATES A VISITOR CENTER AT MCFARLAND STATE HISTORIC PARK. IN 2022 THE VISITOR CENTER SERVED 9,000 INDIVIDUALS - 5,319 IN-STATE VISITORS, 2,924 OUT-OF-STATE VISITORS, AND 757 INTERNATIONAL VISITORS. THE VISITOR CENTER SERVES AS AN INITIAL INTRODUCTION TO FLORENCE AND THE SURROUNDING AREA, PROVIDING INFORMATION - BOTH TOURISM-RELATED AND RE-LOCATION INFORMATION PACKETS - FREE OF CHARGE. FOR A SMALL ADDITIONAL ENTRANCE FEE VISITORS MAY CHOOSE TO SELF-TOUR MCFARLAND STATE HISTORIC PARK, THE ORIGINAL PINAL COUNTY COURTHOUSE THAT WAS BUILT IN 1878 FROM ADOBE BRICKS AND LUMBER HAULED FROM NORTHERN ARIZONA. EXHIBITS ALLOW VISITORS TO SEE AND FEEL FOR THEMSELVES THE HISTORY OF FLORENCE AND THE PEOPLE WHO HELPED SHAPE IT. IN 2022, 7,592 VISITORS TOURED MCFARLAND STATE HISTORIC PARK.
THE GREATER FLORENCE CHAMBER OF COMMERCE HOSTED THE MEMORIES ON MAIN CLASSICS AND CUSTOMS CAR AND BIKE SHOW; A ONE DAY ONLY EVENT. APPROXIMATELY 400 EXHIBITORS FROM AROUND THE US PARKED THEIR CLASSIC AND CUSTOM RIDES ON HISTORIC MAIN STREET IN DOWNTOWN FLORENCE AND SHOWED THEM OFF TO THE ESTIMATED 3,500 SPECTATORS. IN ADDITION TO THE CAR SHOW, THE ATTENDEES WERE ENTERTAINED WITH LIVE MUSIC AND HAD AMPLE OPPORTUNITY TO SHOP AND EAT WITH THE VARIOUS VENDORS AND MAIN STREET STOREFRONT BUSINESSES AND RESTAURANTS. DRAWING A CROWD OF APPROXIMATELY 4,000 TO DOWNTOWN HISTORIC FLORENCE WAS OF GREAT ECONOMIC BENEFIT TO FLORENCE BUSINESS OWNERS. IN ADDITION, MANY ATTENDEES WERE FIRST-TIME VISITORS TO FLORENCE SO THIS WAS AN OPPORTUNITY TO INTRODUCE THEM TO FLORENCE BUSINESSES THAT THEY MAY CHOOSE TO COME PATRONIZE AGAIN IN FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Stephensen Chairperson | Officer | 5 | $0 |
Rita Ann Reznick Secretarytreasurer | Officer | 5 | $0 |
Sophie Dessart Director | Trustee | 5 | $0 |
Roger C Biede III Executive Director | Trustee | 40 | $0 |
Derrick Glum Director | Trustee | 5 | $0 |
Sandra Mitchell Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,973 |
| Fundraising events | $27,556 |
| Related organizations | $0 |
| Government grants | $66,521 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,534 |
| Total Program Service Revenue | $44,846 |
| Investment income | $9 |
| 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 | $9,538 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $203,977 |
| 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 | $449 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,562 |
| Office expenses | $6,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,534 |
| All other expenses | $17,483 |
| Total functional expenses | $191,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,177 |
| Savings and temporary cash investments | $11,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,578 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,038 |
| Accounts payable and accrued expenses | $1,808 |
| 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 | $0 |
| Total liabilities | $1,808 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $67,230 |
| Total liabilities and net assets/fund balances | $69,038 |
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