Anchorage Chamber Of Commerce Inc
- Assets
- $1.5m
- Revenue
- $753.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Anchorage, AK
- Founding
- 04/1969
- Data as of
- 08/2021
- EIN
- 92-0010298
Organization Overview
Anchorage Chamber Of Commerce Inc is located in Anchorage, AK. The organization was established in 1969. 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 08/2021, Anchorage Chamber Of Commerce Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Chamber Of Commerce Inc 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 08/2021, Anchorage Chamber Of Commerce Inc generated $753.1k 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 (6.7%) each year. All expenses for the organization totaled $788.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 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
TO ADVANCE A SUCCESSFUL BUSINESS CLIMATE BY ATTENDING TO THE CIVIC, ECONOMIC AND CULTURAL BETTERMENT OF OUR COMMUNITY. WE ACHIEVE THIS THROUGH THREE CHANNELS: ADVOCACY, CONNECTIVITY, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS: BY PROVIDING SEVERAL PROFESSIONAL DEVELOPMENT AND EDUCATION SEMINARS SUCH AS: "MAKE IT MONDAY" LUNCHEONS, HELD EVERY MONDAY AND IS THE CITY'S NO.1 WEEKLY LUNCHEON, OFFERING CURRENT AND RELEVANT EDUCATIONAL PRESENTATIONS FROM A VARIETY OF SPEAKERS. DUE TO COVID, THE FORUM WAS HELD VIRTUALLY IN 2021. MORE THAN 45 PROGRAMS ARE PROVIDED ANNUALLY WITH THE NUMBER OF ATTENDEES AVERAGING 35-100 PER WEEK. "CHAMBER ACADEMY" IS AN EDUCATIONAL SEMINAR HELD THE 2ND WEDNESDAY OF EVERY MONTH. GEARED TOWARDS BUSINESS OWNERS, ENTREPRENEURS, AND YOUNG PROFESSIONALS, THE ACADEMY HOSTS COMMUNITY EXPERTS WHO PRESENT ON A VARIETY OF TOPICS.
MEMBERSHIP SERVICES: MEMBERSHIP WITH THE ANCHORAGE CHAMBER ENCOMPASSES THE ORGANIZATION'S MISSION STATEMENT BY PROVIDING ACCESS TO THE KEY CHANNELS OF CONNECTIVITY AND ADVOCACY. THE MANY BENEFITS OF BEING A CHAMBER MEMBER INCLUDE: CONNECTIVITY - THROUGH NETWORKING EVENTS, MEMBER REFERRALS, ADVERTISING, MEMBER CREDIBILITY AND NEW MEMBER SPOTLIGHTS; ADVOCACY - THROUGH WEEKLY MEMBER UPDATES OF LOCAL, STATE, AND REGIONAL ISSUES AND ABILITY TO DIRECTLY IMPACT LOCAL AND STATE ISSUES VIA COMMITTEE INVOLVEMENT.
COMMITTEES: BY PROVIDING SEVERAL VENUES FOR RECOGNITION OF EXCELLENCE IN BUSINESS AND COMMUNITY INVOLVEMENT OF ANCHORAGE BUSINESSES SUCH AS: "GOLD PAN AWARDS", ONE OF THE ORGANIZATION'S LONGEST RUNNING CIVIC PROGRAMS, ESTABLISHED IN 1957 AS ANCHORAGE'S NO. 1 PREMIER BUSINESS AWARDS EVENT. FOR 59 YEARS, GOLD PANS HAVE BEEN AWARDED TO THOSE THAT HAVE SHOWN BUSINESS AND ENTREPRENEURIAL EXCELLENCE, AS WELL AS A LOYAL COMMITMENT TO ANCHORAGE THROUGH COMMUNITY SERVICE. "ANCHORAGE ATHENA SOCIETY", A PROGRAM THAT WORKS YEAR ROUND TO ENCOURAGE THE POTENTIAL OF ALL WOMEN AS VALUED MEMBERS AND LEADERS OF THE BUSINESS COMMUNITY. THIS EVENT WAS CANCELLED DUE TO COVID IN 2021, BUT NEARLY ALL SPONSORS HAVE INVESTED IN THE 2022 EVENT. THE SOCIETY HAS OVER 230 INDUCTEES AND MORE THAN 450 GUESTS ATTENDED THE 22ND ANNUAL LUNCHEON WHERE 11 NEW MEMBERS WERE INDUCTED. THE LUNCHEON ALSO RAISES MONEY FOR SCHOLARSHIPS TO BUSINESS OR ENTREPRENEUR CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Bustamante President | Officer | 50 | $125,840 |
Ed Hendrickson Vice Chair | OfficerTrustee | 5 | $0 |
Melissa Reiser Secretary-Treasurer | OfficerTrustee | 5 | $0 |
Joy Merriner Chair | OfficerTrustee | 5 | $0 |
Barbara Donatelli Elected Member | Trustee | 1 | $0 |
Neil Gunn Elected Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $284,439 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,058 |
| Total Program Service Revenue | $184,178 |
| Investment income | $23,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $753,130 |
| 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. | $139,951 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,139 |
| Pension plan accruals and contributions | $1,647 |
| Other employee benefits | $38,597 |
| Payroll taxes | $23,981 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $18,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,350 |
| Fees for services: Other | $45,924 |
| Advertising and promotion | $3,776 |
| Office expenses | $60,041 |
| Information technology | $19,195 |
| Royalties | $0 |
| Occupancy | $101,579 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,737 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,900 |
| Insurance | $10,752 |
| All other expenses | $2,724 |
| Total functional expenses | $787,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,048 |
| Savings and temporary cash investments | $5,820 |
| 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 | $40,394 |
| Net Land, buildings, and equipment | $19,669 |
| Investments—publicly traded securities | $979,095 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,906 |
| Total assets | $1,531,932 |
| Accounts payable and accrued expenses | $17,146 |
| Grants payable | $0 |
| Deferred revenue | $482,963 |
| 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 | $224,025 |
| Total liabilities | $724,134 |
| Net assets without donor restrictions | $807,798 |
| 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 | $1,531,932 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Anchorage Chamber Of Commerce Inc has recieved totaling $93,000.
| Awarding Organization | Amount |
|---|---|
Alaska State Chamber Of Commerce Anchorage, AK PURPOSE: Sleeves up for Summer Grant | $68,000 |
Rasmuson Foundation Anchorage, AK PURPOSE: HOMELESSNESS ENGAGEMENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Washington Business Olympia, WA | $45,170,529 | $11,595,511 |
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Merchant Risk Council Inc Seattle, WA | $6,892,922 | $3,889,563 |
Spokane Regional Chamber Of Commerce Spokane, WA | $2,334,125 | $4,049,802 |
Washington Tourism Alliance Seattle, WA | $3,846,718 | $5,068,269 |
Association Of Genuine Alaska Pollock Producers Seattle, WA | $3,606,525 | $3,582,021 |
Fiber Broadband Association Spokane, WA | $2,502,947 | $3,278,475 |