Elko Chamber Of Commerce
- Assets
- $1.3m
- Revenue
- $348.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Elko, NV
- Founding
- 05/1992
- Data as of
- 12/2022
- EIN
- 88-0056604
Organization Overview
Elko Chamber Of Commerce is located in Elko, NV. The organization was established in 1992. 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, Elko Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elko 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 12/2022, Elko Chamber Of Commerce generated $348.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $401.4k during the year ending 12/2022. 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
TO PROMOTE LOCAL BUSINESS, ECONOMIC DEVELOPMENT, AND TOURISM IN THE ELKO COUNTY AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ELKO CHAMBER OF COMMERCE EMPLOYEES THREE FULL-TIME PERSONNEL. THE EMPLOYEES AND NUMBEROUS VOLUNTEERS IMPLEMENT THE VARIOUS PROGRAMS THE CHAMBER RUNS. THE CHAMBER OFFICE ALSO SERVES AS A VISTORS AND INFORMATION CENTER FOR NORTHEASTERN NEVADA. THE CHAMBER IS HOUSED IN THE RECONSTRUCTED HISTORICAL SHERMAN STATION, WHICH ALSO SERVES AS AN ATTRACTION. THE CHAMBER PRODUCES SEVERAL PUBLICATIONS DURING THE YEAR, INCLUDING: FOUR-COLOR AREA MAP, ACCOMMODATION AND DINING GUIDE, COMMUNITY CALENDAR OF EVENTS, CLUBS AND ORGANIZATIONS CONTACTS, CHAMBER NEWSLETTERS AND LOCAL SHEETS, FOUR-COLOR BUSINESS DIRECTORY, AND THE SHERMAN STATION BROCHURE. THE CHAMBER RESPONDS TO THOUSANDS OF WRITTEN AND ORAL REQUESTS FOR RELOCATION PACKETS AND TOURISM INFORMATION ANNUALLY THROUGH PHONE, INTERNENT SERVICES, US MAIL, AND IN-PERSON AT THE OFFICE. A FREESTANDING, FULLY STAFFED OFFICE IS SUPPORTED BY THE CHAMBER TO SERVE AS A VISTOR AND TOURIST CENTER, AS WELL AS BEING THE CENTER FOR ALL MEMBERSHIP SERVICES AND INFORMATIONS. THE CHAMBER PROVIDES NETWORKING AND COMMUNITY INFORMATION FOR BUSINESSES, (PROSPECTIVE, NEW AND EXISTING), THROUGH PROGRAMS SUCH AS BUSINESS AFTER- HOURS THE CHAMBER PROVIDES A VENUE FOR MEMBER BUSINESSES TO PROMOTE THEMSELVES THROUGH BROCHURES IN THE VISTOR'S CENTER, THE MAY HOME AND BUSINESS EXPO, AND VARIOUS ACTIVITIES HELD THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billie Crapo Secretary/ex | Officer | 40 | $88,619 |
Shirley Alen-Kellerman Treasurer | OfficerTrustee | 1 | $0 |
Tino Ayala First Vice C | OfficerTrustee | 1 | $0 |
Casey Gallagher Chair | OfficerTrustee | 1 | $0 |
Todd Wendell Past Chair | OfficerTrustee | 1 | $0 |
Hayley Bammesberger Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $175,574 |
| Fundraising events | $22,053 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,721 |
| Total Program Service Revenue | $126,680 |
| Investment income | -$40,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $59,080 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $759 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,363 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,615 |
| Payroll taxes | $18,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,946 |
| Fees for services: Other | $5,611 |
| Advertising and promotion | $42,772 |
| Office expenses | $26,791 |
| Information technology | $2,476 |
| Royalties | $0 |
| Occupancy | $21,504 |
| Travel | $1,765 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $313 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,508 |
| Insurance | $5,424 |
| All other expenses | $0 |
| Total functional expenses | $401,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424 |
| Savings and temporary cash investments | $920,991 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,882 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $81,011 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $276,315 |
| Intangible assets | $0 |
| Other assets | $275 |
| Total assets | $1,336,586 |
| Accounts payable and accrued expenses | $8,779 |
| Grants payable | $0 |
| Deferred revenue | $750 |
| 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 | $1,003,261 |
| Total liabilities | $1,012,790 |
| 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 | $323,796 |
| Total liabilities and net assets/fund balances | $1,336,586 |
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