Greater Mcminnville Chamber Of Commerce
- Assets
- $380.4k
- Revenue
- $343.4k
- Investments
- $0.0
- Employees
- 5
- Location
- McMinnville, OR
- Founding
- 03/1980
- Data as of
- 09/2022
- EIN
- 93-0223400
Organization Overview
Greater Mcminnville Chamber Of Commerce is located in McMinnville, OR. The organization was established in 1980. 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 09/2022, Greater Mcminnville Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Mcminnville 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 09/2022, Greater Mcminnville Chamber Of Commerce generated $343.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $327.8k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MCMINNVILLE AREA CHAMBER OF COMMERCE IS TO BE THE PREMIER RESOURCE FOR BUSINESS PROGRAMS, SERVICES, ADVOCACY AND NETWORKING IN THE GREATER MCMINNVILLE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP DUES - INCLUDES ACCESS TO OVER 80 ANNUAL CHAMBER NETWORKING EVENTS, DISCOUNTED MEMBER PRICING FOR PROGRAMS AND EVENTS, MEMBERSHIP ORIENTATION BREAKFAST, BUSINESS REFERRALS, DIRECTORY LISTING ON CHAMBER WEBSITE, ADVERTISING OPPORTUNITIES IN CHAMBER PUBLICATIONS, SUBSCRIPTION TO CHAMBER'S MONTHLY NEWSLETTER AND MEMBERSHIP PLAQUE. DURING THE YEAR ENDING SEPTEMBER 30, 2022, THE CHAMBER SERVED 456 MEMBERS.
THE MCMINNVILLE AREA CHAMBER OF COMMERCE PERFORMS ECONOMIC DEVELOPMENT THROUGH A VARIETY OF PROGRAMS SUCH AS NETWORKING EVENTS, EDUCATIONAL FORUMS AND WORKSHOPS, PROMOTION OF THE COMMUNITY THROUGH MARKETING OPPORTUNITIES, AND PROVIDES EDUCATION AND AWARENESS ON PUBLIC POLICY. THE CHAMBER WORKS WITH BUSINESSES IN THE COMMUNITY AND SURROUNDING AREA TO MAINTAIN THE ECONOMIC VITALITY OF THE REGION WHILE PESERVING THE QUALITY OF LIFE.
LEADERSHIP MAC PROGAM IS A TEN MONTH CLASS COMPRIZED OF 30-37 INDIVIDUALS WHO MEET MONTHLY TO LEARN HOW THE COMMUNITY WORKS BY LISTENING TO A VARIETY OF PERSPECTIVES FROM COMMUNITY LEADERS. THEY PARTICIPATE IN HANDS-ON COMMUNITY SERVICE PROJECTS IN ADDITION TO VISITING BUSINESSES AND ORGANIZATIONS THAT IMPACT OUR COMMUNITY. THE CHAMBER'S LEADERSHIP PROGRAM IS UNIQUELY DESIGNED TO DEVELOP DEDICATED CITIZENS, INFORMED PROBLEM SOLVERS, AND CREATE RESPONSIVE LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gioia Goodrum President & CEO | OfficerTrustee | 40 | $70,750 |
Jose Lopez Director | Trustee | 0 | $0 |
Matt Baker Director | Trustee | 0 | $0 |
Jack Maxwell III Director | Trustee | 0 | $0 |
Mary Ann Rodriguez Past Chair | Trustee | 2 | $0 |
Jeff Towery Director | Trustee | 0 | $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 | $315,288 |
| Investment income | $460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,383 |
| 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. | $70,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,080 |
| Payroll taxes | $14,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,525 |
| Fees for services: Lobbying | $1,028 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,297 |
| Office expenses | $6,155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,631 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,527 |
| All other expenses | $9,093 |
| Total functional expenses | $327,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,200 |
| Savings and temporary cash investments | $4,231 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,517 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $100,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $380,392 |
| Accounts payable and accrued expenses | $7,202 |
| 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 | $1 |
| Total liabilities | $7,203 |
| Net assets without donor restrictions | $366,575 |
| Net assets with donor restrictions | $6,614 |
| 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 | $380,392 |