Draper Area Chamber Of Commerce
- Assets
- $125.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Draper, UT
- Founding
- 03/2003
- Data as of
- 12/2020
- EIN
- 87-0569652
Organization Overview
Draper Area Chamber Of Commerce is located in Draper, UT. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Draper Area 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 12/2020, Draper Area Chamber Of Commerce generated $72.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $54.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO PROMOTE LOCAL BUSINESSES TO RESIDENTS OF DRAPER AND SURROUNDING CITIES TO HELP ACHIEVE GOALS AND LONG TERM BUSINESS RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Garrett Chairman | 1 | $0 | |
James Larson Board Member | 1 | $0 | |
Kim Hinkle Director | 1 | $0 | |
Stephanie Sherrell Board Member | 1 | $0 | |
Eric Jack Executive Com. | 1 | $0 | |
Robert Longacre Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,750 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,150 |
| Investment income | $56 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,743 |
| Other Revenue | $8,302 |
| Total Revenue | $72,001 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,371 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,328 |
| Total expenses | $54,099 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,309 |
| Other assets | $0 |
| Total assets | $125,946 |
| Total liabilities | $0 |
| Net assets or fund balances | $125,946 |