Reno Sparks Chamber Of Commerce
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Reno, NV
- Founding
- 01/1945
- Data as of
- 12/2021
- EIN
- 88-0041905
Organization Overview
Reno Sparks Chamber Of Commerce is located in Reno, NV. The organization was established in 1945. 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 12/2021, Reno Sparks Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reno Sparks 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 12/2021, Reno Sparks Chamber Of Commerce generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $698.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 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
WE ADVOCATE, WE INFORM, AND WE CONNECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER-SPONSORED EVENTS HELD FOR THE BENEFIT OF MEMBERS INCLUDE OUR "BUSINESS AFTER HOURS" EVENTS EACH MONTH, OUR MONTHLY "MEMBER VALUE ORIENTATION", OUR SUMMER EVENT AND WINTER HOLIDAY PARTY, AND OTHER EVENTS THAT PROMOTE OUR MEMBERS' BUSINESSES.
MEMBERSHIP DEVELOPMENT AND LEADERSHIP PROGRAMS SPONSORED BY THE CHAMBER.
PROVIDE MEMBER SERVICES AND EVENTS THAT PROMOTE THEIR BUSINESSES AND INCREASE THEIR SUSTAINABILITY AND ECONOMIC VITALITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Silver CEO | OfficerTrustee | 40 | $194,027 |
Melissa Davies Chair Elect | OfficerTrustee | 2.5 | $0 |
Brian Cassidy Past Chair | OfficerTrustee | 1 | $0 |
Don Goodman Member At Large | OfficerTrustee | 0.5 | $0 |
Mike Hix Treasurer | OfficerTrustee | 1 | $0 |
Kurt Mische Chair | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,600 |
| Related organizations | $0 |
| Government grants | $80,752 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,352 |
| Total Program Service Revenue | $935,664 |
| Investment income | $3,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,789 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,110,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,550 |
| 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. | $206,106 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,902 |
| Pension plan accruals and contributions | $4,977 |
| Other employee benefits | $14,747 |
| Payroll taxes | $32,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,745 |
| Advertising and promotion | $2,872 |
| Office expenses | $25,095 |
| Information technology | $13,380 |
| Royalties | $0 |
| Occupancy | $23,298 |
| Travel | $1,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,857 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,241 |
| Insurance | $2,825 |
| All other expenses | $6,248 |
| Total functional expenses | $698,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,196 |
| Savings and temporary cash investments | $349,203 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,595 |
| Net Land, buildings, and equipment | $11,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,461,205 |
| Accounts payable and accrued expenses | $28,798 |
| Grants payable | $22,467 |
| Deferred revenue | $73,900 |
| 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 | $125,165 |
| 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 | $1,336,040 |
| Total liabilities and net assets/fund balances | $1,461,205 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Reno Sparks Chamber Of Commerce has recieved totaling $74,967.
| Awarding Organization | Amount |
|---|---|
Western Conservation Foundation Denver, CO PURPOSE: Clean Energy Education | $49,967 |
Western Conservation Action Denver, CO PURPOSE: Clean Energy Advocacy | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Philanthropy Action Fund Palo Alto, CA | $40,719,631 | $63,966,410 |
California Association Of Realtors Inc Los Angeles, CA | $141,130,823 | $49,796,356 |
California Chamber Of Commerce Sacramento, CA | $24,602,623 | $26,657,104 |
Better Business Bureau Northwest & The Pacific Meridian, ID | $12,663,037 | $21,981,546 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |