Soldotna Chamber Of Commerce
- Assets
- $941.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Soldotna, AK
- Founding
- 06/1977
- Data as of
- 12/2021
- EIN
- 92-0061612
Organization Overview
Soldotna Chamber Of Commerce is located in Soldotna, AK. The organization was established in 1977. 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 12/2021, Soldotna Chamber Of Commerce employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soldotna 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, Soldotna Chamber Of Commerce generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A RESOURCE THAT WILL REPRESENT, EDUCATE AND ADVOCATE FOR OUR MEMBER BUSINESSES; WHILE PROMOTING RESPONSIBLE GROWTH FOR THE GREATER SOLDOTNA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE THE CITY OF SOLDOTNA VISITOR CENTER. THE CENTER SERVICES NEARLY 50,000 VISITORS PER YEAR. DURING THE SUMMER MONTHS WE INCREASE OUR VISITOR CENTER STAFF TO FROM 1 TO 5 EMPLOYEES, 2 FULL TIME AND 3 PART TIME. FROM MID-MAY TO MID-SEPTEMBER THE HOURS OF OPERATION CHANGE FROM MONDAY - FRIDAY 9-5 TO 9-7, 7 DAYS A WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shanon Davis Executive Dir. | Trustee | 40 | $86,958 |
Pamela Parker President | OfficerTrustee | 2 | $0 |
Mike Frost Sec / Treasurer | OfficerTrustee | 2 | $0 |
Jeoff Lanfear Director | Trustee | 2 | $0 |
Becky Hutchinson Director | Trustee | 2 | $0 |
Jerry Herring Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $856,267 |
| 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 | $856,267 |
| Total Program Service Revenue | $149,399 |
| Investment income | $985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,179 |
| Net Income from Gaming Activities | $373,908 |
| Net Income from Sales of Inventory | $5,621 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,495,536 |
| 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. | $86,958 |
| Compensation of current officers, directors, key employees. | $21,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,806 |
| Payroll taxes | $34,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,837 |
| Advertising and promotion | $225,119 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,404 |
| Travel | $5,252 |
| 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 | $2,933 |
| Insurance | $5,584 |
| All other expenses | $42,027 |
| Total functional expenses | $1,300,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,810 |
| Savings and temporary cash investments | $820,909 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,408 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,124 |
| Prepaid expenses and deferred charges | $11,350 |
| Net Land, buildings, and equipment | $6,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $941,241 |
| Accounts payable and accrued expenses | $43,047 |
| Grants payable | $0 |
| Deferred revenue | $95,571 |
| 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 | $138,618 |
| Net assets without donor restrictions | $802,623 |
| 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 | $941,241 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Soldotna Chamber Of Commerce has recieved totaling $27,500.
| Awarding Organization | Amount |
|---|---|
Alaska State Chamber Of Commerce Anchorage, AK PURPOSE: Sleeves up for Summer Grant | $27,500 |
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 |