Greater Fairbanks Chamber Of Commerce
- Assets
- $1.4m
- Revenue
- $848.1k
- Investments
- $0.0
- Employees
- 12
- Location
- Fairbanks, AK
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 92-0006532
Organization Overview
Greater Fairbanks Chamber Of Commerce is located in Fairbanks, AK. 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 12/2023, Greater Fairbanks Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Fairbanks 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, Greater Fairbanks Chamber Of Commerce generated $848.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $841.2k during the year ending 12/2023. While expenses have increased by 1.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER FAIRBANKS CHAMBER OF COMMERCE IS THE LEADING VOICE ADVOCATING FOR THE COMMUNITY BY SUPPORTING BUSINESS PROSPERITY IN THE INTERIOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: THE CHAMBER SERVES AS AN ADVOCATE FOR LOCAL BUSINESS, ADVOCATING FOR THE BEST ENVIRONMENT FOR BUSINESS BY PROMOTING ECONOMIC STRENGTH AND GROWTH FOR INTERIOR ALASKA WHILE DEVELOPING A NETWORKING HUB TO USE AND SHARE KNOWLEDGE. NETWORKING OPPORTUNITIES INCLUDE: WEEKLY MEMBERSHIP LUNCHEONS WITH GUEST SPEAKER PRESENTATIONS OF ISSUES OF IMPORTANCE TO BUSINESSES AND THE COMMUNITY, BUSINESS AFTER HOURS EVENTS, THE CHAMBER'S ANNUAL OPERATION STANDING TOGETHER EVENT, AND THE CHAMBER'S WEEKLY E-NEWSLETTER. THE CHAMBER ALSO PROVIDES ENHANCED MARKETING AND VISIBILITY FOR ITS MEMBERS, AS WELL AS LEADERSHIP TRAINING FOR MEMBERS SEEKING TO EXPAND THEIR EXISTING LEADERSHIP SKILLS.
GOLDEN DAYS - THIS COMMUNITY EVENT PAYS TRIBUTE TO THE PIONEER DAYS OF FAIRBANKS, AND HONORS SOME OF FAIRBANKS' HISTORICAL RESIDENTS. GOLDEN DAYS ACTIVITIES INCLUDE A STREET FAIR, THE ANNUAL RUBBER DUCKIE RACE, AND THE GOLDEN DAYS PARADE.
RECOGNITION: THE CHAMBER HONORS EXCELLENCE IN THE COMMUNITY IN VOLUNTEERISM, EDUCATION AND BUSINESS LEADERSHIP. ADDITIONALLY, THE CHAMBER'S ANNUAL MILITARY APPRECIATION BANQUET HONORS MILITARY PERSONNEL FROM INTERIOR ALASKA WHO HAVE BEEN HONORED FOR THEIR EXCELLENCE, LEADERSHIP, AND COMMITMENT IN SERVICE TO OUR ARMED FORCES. CIVILIANS IN THE COMMUNITY HOST MILITARY COUPLES AND SINGLE SOLDIERS/AIRMEN FOR AN EVENING OF DINNER AND AN AWARDS CEREMONY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Darrah Director | Trustee | 2 | $0 |
Lisa Cassino Director | Trustee | 2 | $0 |
Jacob Howdeshell Director | Trustee | 2 | $0 |
Jennifer Thompson Past Chair | OfficerTrustee | 3 | $0 |
Patrick Cotter Board Chair | OfficerTrustee | 3 | $0 |
Tanya Kaquatosh Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $442,298 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $458,798 |
| Total Program Service Revenue | $281,389 |
| Investment income | $27,372 |
| 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 | $75,883 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $848,084 |
| 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. | $133,365 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,102 |
| Pension plan accruals and contributions | $5,954 |
| Other employee benefits | $31,600 |
| Payroll taxes | $29,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $29,334 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125 |
| Office expenses | $0 |
| Information technology | $43,028 |
| Royalties | $0 |
| Occupancy | $49,956 |
| Travel | $8,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,572 |
| Insurance | $5,409 |
| All other expenses | $107,123 |
| Total functional expenses | $841,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,803 |
| Savings and temporary cash investments | $382,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,218 |
| 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 | $9,870 |
| Net Land, buildings, and equipment | $32,384 |
| Investments—publicly traded securities | $895,005 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,371,049 |
| Accounts payable and accrued expenses | $34,660 |
| Grants payable | $0 |
| Deferred revenue | $40,254 |
| 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 | $898 |
| Total liabilities | $75,812 |
| Net assets without donor restrictions | $1,295,237 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,371,049 |