Klamath County Chamber Of Commerce
- Assets
- $140.8k
- Revenue
- $193.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Klamath Falls, OR
- Founding
- 11/1944
- Data as of
- 12/2020
- EIN
- 93-0205322
Organization Overview
Klamath County Chamber Of Commerce is located in Klamath Falls, 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. As of 12/2020, Klamath County Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klamath County 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 12/2020, Klamath County Chamber Of Commerce generated $193.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $182.4k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND ADVANCING KLAMATH COUNTYS ECONOMIC VITALITY AND QUALITY OF LIFE THROUGH EDUCATION,PROMOTION AND NETWORKING OF BUSINESS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTAURANT GIFT CARD PROMOTION IN RESPONSE TO COVID. IN PARTNERSHIP WITH LOCAL GOVERNMENT IN SUPPORT OF THE LOCAL FOOD SERVICE INDUSTRY
SEMINARS & FORUMS
WEB PORTAL, PROMOTIONAL AND ADVERTISING PROGRAMS, OUTREACH
COMMUNITY NETWORKING & PROMOTIONAL EVENTS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Adres President | Trustee | 1 | $0 |
Jennifer Scanl Secretary | Trustee | 1 | $0 |
Jason Chapman Board Member | Trustee | 1 | $0 |
Randy Shaw Board Member | Trustee | 1 | $0 |
George Ormsbee 2nd Vice Pres | Trustee | 1 | $0 |
Rachel Spoon 1rst Vice Pres | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,932 |
| Fundraising events | $20,692 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,380 |
| Total Program Service Revenue | $37,693 |
| Investment income | $7 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,080 |
| 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 | $75,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,224 |
| Payroll taxes | $7,095 |
| 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 | $0 |
| Advertising and promotion | $3,226 |
| Office expenses | $795 |
| Information technology | $7,489 |
| Royalties | $0 |
| Occupancy | $17,749 |
| Travel | $1,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,260 |
| All other expenses | $1,966 |
| Total functional expenses | $182,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,781 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,781 |
| Accounts payable and accrued expenses | $4,600 |
| 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 | $105,900 |
| Other liabilities | $0 |
| Total liabilities | $110,500 |
| Net assets without donor restrictions | $30,281 |
| 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 | $140,781 |