Bend Chamber Of Commerce
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Bend, OR
- Founding
- 10/1942
- Data as of
- 12/2023
- EIN
- 93-0331932
Organization Overview
Bend Chamber Of Commerce is located in Bend, OR. The organization was established in 1942. 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 12/2023, Bend Chamber Of Commerce employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bend 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 12/2023, Bend Chamber Of Commerce generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BEND CHAMBER'S VISION IS TO CATALYZE AN ENVIRONMENT WHERE BUSINESSES, THEIR EMPLOYEES AND OUR COMMUNITY THRIVE.WE DO THIS BY COLLABORATING TO SOLVE PROBLEMS AND CREATE NEW OPPORTUNITIES FOR OUR BUSINESS COMMUNITY AND ADVOCATING FOR BUSINESS AT THE LOCAL AND STATE LEVELS.WE ALSO PROVIDE RESOURCES SUCH AS HIGH-QUALITY, AFFORDABLE HEALTH INSURANCE AND WORK TO STRENGTHEN OUR COMMUNITY'S LEADERSHIP AND WORKFORCE PIPELINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPWARD TRAJECTORY OF CHAMBER MEMBERSHIP FOR THE FIRST TIME SINCE THE PANDEMIC STARTED AND $74,500 ABOVE BUDGETED MEMBERSHIP REVENUE.PARTNERED WITH KOR COMMUNITY LAND TRUST (NOW ROOTED HOMES) ON A HOMEOWNERSHIP PILOT OF EIGHT NEW MID-MARKET HOMES (POPLAR DEVELOPMENT) FOR EMPLOYERS TO SUBSIDIZE ENTRY COSTS FOR ELIGIBLE EMPLOYEES VIA A LOTTERY SYSTEM DEVELOPED BY KOR. THE CHAMBER WAS ABLE TO CONTRIBUTE DOWNPAYMENT SUBSIDIES ON FOUR HOMES.HIRED A DIRECTOR OF GOVERNMENT AFFAIRS & STRATEGIC INITIATIVES FOR ADVOCACY EFFORTS.THE CHAMBER HELD 60+ DIVERSE BUSINESS EVENTS, INCLUDING: - ADU RESOURCE FAIR - BIZ & BEVS (6) - BUSINESS EXCELLENCE AWARDS - COMMERCE & COFFEE (6) - HOLIDAY PARTY - IMPACT CONFERENCE - LEGISLATIVE UPDATE WEBINAR - MEMBERSHIP 101 (11) - RIBBON CUTTINGS (20+) - WHAT'S BREWING (8) - WORKFORCE HOUSING COLLABORATIVE WORKSHOPOPERATIONAL IMPROVEMENTS AND ACHIEVEMENTS: - HEALTH CARE PROVIDER SWITCH (FROM PACIFIC SOURCE TO PROVIDENCE) - BROUGHT BOOKKEEPING BACK IN-HOUSE - BANKING CHANGE FROM ONPOINT TO US BANK - MOVED FROM ADP TO A PEO (BBSI) FOR PAYROLL AND HR SUPPORT - MOVED 401K FROM ADP TO MILLIMAN - CONSTRUCTION OF OUR NEW CONFERENCE ROOM COMPLETED - FULL REVISION OF EMPLOYEE HANDBOOK - TRANSITION FROM CHAMBERMASTER TO GROWTHZONE CRM DATABASE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Lyons Chair | OfficerTrustee | 1 | $0 |
Katie Anderson Chair Elect | OfficerTrustee | 1 | $0 |
Tia Lewis Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Berry Past Chair | OfficerTrustee | 1 | $0 |
Travis Ulrich Director | Trustee | 1 | $0 |
Alan Dietrich Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $700,012 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,537 |
| Total Program Service Revenue | $552,107 |
| Investment income | $9,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,262,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,073 |
| 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. | $162,082 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,247 |
| Pension plan accruals and contributions | $11,927 |
| Other employee benefits | $75,099 |
| Payroll taxes | $54,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,948 |
| Fees for services: Accounting | $32,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,416 |
| Office expenses | $14,036 |
| Information technology | $24,694 |
| Royalties | $0 |
| Occupancy | $70,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $11,965 |
| Conferences, conventions, and meetings | $11,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,733 |
| Insurance | $3,952 |
| All other expenses | $23,204 |
| Total functional expenses | $1,252,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,526 |
| Savings and temporary cash investments | $730,060 |
| 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 | $17,538 |
| Net Land, buildings, and equipment | $74,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,554 |
| Total assets | $1,081,130 |
| Accounts payable and accrued expenses | $29,180 |
| Grants payable | $0 |
| Deferred revenue | $69,069 |
| 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 | $213,746 |
| Total liabilities | $311,995 |
| Net assets without donor restrictions | $769,135 |
| 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 | $1,081,130 |
Grants Awarded
Over the last fiscal year, Bend Chamber Of Commerce has awarded $135,413 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BENDNEXT PURPOSE: OPERATIONS | $130,413 |
OSU FOUNDATION PURPOSE: OSU-CASCADES FACILITIES FUND | $5,000 |