Albany Area Chamber Of Commerce
- Assets
- $847.7k
- Revenue
- $646.9k
- Investments
- $84.4k
- Employees
- 0
- Location
- Albany, OR
- Founding
- 11/1944
- Data as of
- 06/2021
- EIN
- 93-0110065
Organization Overview
Albany Area Chamber Of Commerce is located in Albany, OR. The organization was established in 1944. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Area 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 06/2021, Albany Area Chamber Of Commerce generated $646.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $767.7k during the year ending 06/2021. While expenses have increased by 6.1% per year over the past 6 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
BUSINESS MEMBERSHIP ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL CHAMBER OF COMMERCE WITH OVER 590 MEMBERS SERVING THE NEEDS OF BUSINESSES IN THE GREATER ALBANY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristal Dufour Board Chair | Officer | 5 | $0 |
Loren Roth Treasurer | Officer | 2 | $0 |
Bill Draper Sr. Vice Chair | Officer | 2 | $0 |
Stacie Wyss-Schoenborn Vice Chair | Officer | 2 | $0 |
Jon Kloor Vice Chair | Officer | 2 | $0 |
James Ramseyer Past Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,845 |
| Total Program Service Revenue | $332,621 |
| Investment income | $2,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,894 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,500 |
| 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 | $363,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,404 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,179 |
| Travel | $0 |
| 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 | $10,514 |
| Insurance | $0 |
| All other expenses | $4,291 |
| Total functional expenses | $767,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,426 |
| Savings and temporary cash investments | $115,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,980 |
| 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 | $892 |
| Net Land, buildings, and equipment | $97,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $84,433 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $847,735 |
| Accounts payable and accrued expenses | $18,442 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $84,327 |
| Total liabilities | $102,769 |
| Net assets without donor restrictions | $595,883 |
| Net assets with donor restrictions | $149,083 |
| 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 | $847,735 |
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