Corvallis Chamber Of Commerce
- Assets
- $331.3k
- Revenue
- $316.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Corvallis, OR
- Founding
- 12/1947
- Data as of
- 06/2023
- EIN
- 93-0147668
Organization Overview
Corvallis Chamber Of Commerce is located in Corvallis, OR. The organization was established in 1947. 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. Corvallis 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 06/2023, Corvallis Chamber Of Commerce generated $316.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $221.4k during the year ending 06/2023. 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 CORVALLIS CHAMBER OF COMMERCE EXISTS TO SERVE, LEAD AND REPRESENT THE BUSINESS COMMUNITY AND ADVANCE ITS INTERESTS FOR THE PROSPERITY OF CORVALLIS AND BENTON COUNTY AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EVENTS PROGRAMS ARE DESIGNED TO PROMOTE CHAMBER MEMBERS WHILE CONTRIBUTING TO A PROSPEROUS COMMUNITY. THIS INCLUDES THE ANNUAL EVENT CELEBRATE CORVALLIS, PARTICIPATION IN NATIONAL LEMONADE DAY, THE ANNUAL CHAMBER GOLF SCRAMBLE, AND OTHER EVENTS. ON YEARS ENDING IN ODD NUMBERS, THE CHAMBER HOSTS THE WILLAMETTE ANGELS CONFERENCE IN CORVALLIS WHICH IS AN INVESTMENT CONFERENCE THAT CONNECTS EARLY STAGE AND SEED STARTUPS WITH ANGEL AND VENTURE INVESTORS.
IN ADDITION TO THE THREE MAIN PROGRAMS, THE CHAMBER HAS A BUSINESS ADVOCACY PROGRAM WHICH FOCUSES ON MAINTAINING RELATIONS WITH STATE AND LOCAL GOVERNMENT, LOBBYING FOR THE BEST INTEREST OF THE BUSINESS COMMUNITY, AND KEEPING CHAMBER MEMBERSHIP INFORMED ON PROPOSED LEGISLATION AND ITS POTENTIAL IMPACT. THE CHAMBER HAS A THRIVING GOVERNMENTAL AFFAIRS COMMITTEE CONSISTING OF OVER 20 CHAMBER MEMBERS.
COMMUNITY EVENTS PROGRAMS ARE DESIGNED TO PROMOTE CHAMBER MEMBERS WHILE CONTRIBUTING TO A PROSPEROUS COMMUNITY. THIS INCLUDES THE ANNUAL EVENT CELEBRATE CORVALLIS, PARTICIPATION IN NATIONAL LEMONADE DAY, THE ANNUAL CHAMBER GOLF SCRAMBLE, AND OTHER EVENTS. ON YEARS ENDING IN ODD NUMBERS, THE CHAMBER HOSTS THE WILLAMETTE ANGELS CONFERENCE IN CORVALLIS WHICH IS AN INVESTMENT CONFERENCE THAT CONNECTS EARLY STAGE AND SEED STARTUPS WITH ANGEL AND VENTURE INVESTORS.
IN ADDITION TO THE THREE MAIN PROGRAMS, THE CHAMBER HAS A BUSINESS ADVOCACY PROGRAM WHICH FOCUSES ON MAINTAINING RELATIONS WITH STATE AND LOCAL GOVERNMENT, LOBBYING FOR THE BEST INTEREST OF THE BUSINESS COMMUNITY, AND KEEPING CHAMBER MEMBERSHIP INFORMED ON PROPOSED LEGISLATION AND ITS POTENTIAL IMPACT. THE CHAMBER HAS A THRIVING GOVERNMENTAL AFFAIRS COMMITTEE CONSISTING OF OVER 20 CHAMBER MEMBERS.
BUSINESS NETWORKING PROGRAMS PROVIDE OPPORTUNITIES FOR MEMBERS OF THE BUSINESS COMMUNITY TO NURTURE CONNECTIONS WITH A VARIETY OF CONTACTS AND RESOURCES. THESE PROGRAMS INCLUDE CHAMBER AMBASSADORS, GREETERS, BUSINESS AFTER HOURS, AND FINDITINCORVALLIS.COM ONLINE DIRECTORY.
BUSINESS NETWORKING PROGRAMS PROVIDE OPPORTUNITIES FOR MEMBERS OF THE BUSINESS COMMUNITY TO NURTURE CONNECTIONS WITH A VARIETY OF CONTACTS AND RESOURCES. THESE PROGRAMS INCLUDE CHAMBER AMBASSADORS, GREETERS, BUSINESS AFTER HOURS, AND FINDITINCORVALLIS.COM ONLINE DIRECTORY.
BUSINESS EDUCATION PROGRAMS PROVIDE ON-GOING TRAINING AND RELEVANT INFORMATION TO CHAMBER MEMBERSHIP THROUGH QUALIFIED SPEAKERS AND PRESENTERS. THESE PROGRAMS INCLUDE LUNCH AND LEARNS, MONTHLY FORUMS, AND MONTHLY WOMEN IN BUSINESS LUNCHEONS. DURING THE YEAR ENDED JUNE 30, 2017, THE CHAMBER STARTED AN ON-GOING CONTRACT WITH THE ECONOMIC DEVELOPMENT OFFICE TO PARTNER IN PROVIDING ADDITIONAL EDUCATIONAL FORUMS RELATED TO THE WILLAMETTE INNOVATORS NETWORK AND CORVALLIS PUB TALKS.
BUSINESS EDUCATION PROGRAMS PROVIDE ON-GOING TRAINING AND RELEVANT INFORMATION TO CHAMBER MEMBERSHIP THROUGH QUALIFIED SPEAKERS AND PRESENTERS. THESE PROGRAMS INCLUDE LUNCH AND LEARNS, MONTHLY FORUMS, AND MONTHLY WOMEN IN BUSINESS LUNCHEONS. DURING THE YEAR ENDED JUNE 30, 2017, THE CHAMBER STARTED AN ON-GOING CONTRACT WITH THE ECONOMIC DEVELOPMENT OFFICE TO PARTNER IN PROVIDING ADDITIONAL EDUCATIONAL FORUMS RELATED TO THE WILLAMETTE INNOVATORS NETWORK AND CORVALLIS PUB TALKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Carson Board Member | Trustee | $0 | |
Janique Crenshaw Board Member | Trustee | $0 | |
Byron Daniels Board Member | Trustee | $0 | |
Callie Elliot Treasurer | OfficerTrustee | $0 | |
Miriam Estrada Chair | OfficerTrustee | $0 | |
Michelle Goodrick Former Chair | OfficerTrustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $302,791 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,378 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,169 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,279 |
| Payroll taxes | $6,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,830 |
| Office expenses | $17,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,541 |
| Insurance | $1,373 |
| All other expenses | $5,591 |
| Total functional expenses | $221,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,662 |
| 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 | $839 |
| Net Land, buildings, and equipment | $87,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $331,288 |
| Accounts payable and accrued expenses | $6,373 |
| 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 | $5,607 |
| Total liabilities | $11,980 |
| Net assets without donor restrictions | $319,308 |
| 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 | $331,288 |