Ferndale Chamber Of Commerce
- Assets
- $171.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Ferndale, WA
- Founding
- 09/1989
- Data as of
- 12/2023
- EIN
- 91-1123323
Organization Overview
Ferndale Chamber Of Commerce is located in Ferndale, WA. The organization was established in 1989. 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 12/2023, Ferndale Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferndale 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 12/2023, Ferndale Chamber Of Commerce generated $106.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $138.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENS BUSINESS COMMUNITY BY ADVOCATING EDUCATING ENGAGING MEMBERS SO FERNDALE IS THE BEST PLACE TO LIVE WORK AND DO BUSINESS
Describe the Organization's Program Activity:
Part 3
THE FERNDALE CHAMBER OF COMMERCE PROVIDES AND INSTALLS HANGING FLOWER BASKETS THROUGHOUT THE TOWN FROM MAY TO SEPTEMBER TO PROMOTE THE DOWNTOWN AREA AND BUILD ON A SENSE OF COMMUNITY
THE FERNDALE CHAMBER OF COMMERCE ORGANIZES AND FACILITATES A MONTHLY LUNCHEON FOR THE GATHERING OF BUSINESS MEMBERS IN THE ORGANIZATION FOR THE PURPOSE OF NETWORKING AND COMMUNITY BUILDING.
THE FERNDALE CHAMBER OF COMMERCE ORGANIZES AND FACILITATES AN ANNUAL AWARDS DINNER TO GATHER BUSINESS MEMBERS AND RECOGNIZE OUTSTANDING MEMBERS IN BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Rohweder Interim Presvice Pres | 5 | $0 | |
Donna Gilday Director | 3 | $0 | |
Sam Beardslee Secretary | 3 | $0 | |
Adrian Hilde Director | 3 | $0 | |
Alyssa Pitcher Vice Presboard | 3 | $0 | |
Kimberly Tucker Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,213 |
| Total Program Service Revenue | $34,979 |
| Membership dues | $65,846 |
| Investment income | $1,246 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,441 |
| Other Revenue | $0 |
| Total Revenue | $106,725 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,075 |
| Professional fees and other payments to independent contractors | $5,900 |
| Occupancy, rent, utilities, and maintenance | $18,640 |
| Printing, publications, postage, and shipping | $1,228 |
| Other expenses | $43,876 |
| Total expenses | $138,719 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,477 |
| Other assets | $0 |
| Total assets | $171,374 |
| Total liabilities | $15,604 |
| Net assets or fund balances | $155,770 |