Greater Newport Chamber Of Commerce
- Assets
- $481.6k
- Revenue
- $807.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Newport, OR
- Founding
- 08/1959
- Data as of
- 06/2023
- EIN
- 93-0350614
Organization Overview
Greater Newport Chamber Of Commerce is located in Newport, OR. The organization was established in 1959. 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 06/2023, Greater Newport Chamber Of Commerce employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Newport 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, Greater Newport Chamber Of Commerce generated $807.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $726.6k during the year ending 06/2023. While expenses have increased by 0.6% per year over the past 8 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
TO PROMOTE THE CIVIC, COMMERCIAL, AGRICULTURAL, TOURIST, MARINE AND INDUSTRIAL WELFARE OF THE CITY OF NEWPORT, OREGON AND SURROUNDING COMMUNITIES AND ECONOMIC AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER OF COMMERCE PROMOTES THE RETENTION, EXPANSION AND ATTRACTION OF BUSINESSES, WHILE STRIVING TO PROMOTE GROWTH, PROSPERITY AND QUALITY OF LIFE FOR GNCC MEMBERS AND THE NEWPORT COMMUNITY. PROGRAMS INCLUDE THE AMBASSADORS, LEADERSHIP LINCOLN COUNTY, YOUNG PROFESSIONALS, AS WELL AS MEMBERSHIP AND COMMUNITY ECONOMIC AND PERSONAL DEVELOPMENT.
TOURISM PROMOTES THE CITY OF NEWPORT AND THE SURROUNDING COMMUNITY AS A TOURIST DESTINATION BY PROVIDING INFORMATIONAL RESOURCES TO AREA VISITORS ON WHERE TO EAT, WHERE TO STAY, WHAT TO DO, SIGHTS TO SEE, MAPS, SCHEDULED EVENTS, A REGULARLY UPDATED WEBSITE AND SOCIAL MEDIA, AND A VISITOR CENTER, ALL IN AN EFFORT TO GIVE ENJOYMENT, ENTERTAINMENT, AND REASONS FOR VISITORS TO RETURN TO THE NEWPORT AREA. THIS PROGRAM IS FUNDED PRIMARILY THROUGH A GRANT FROM THE CITY OF NEWPORT CONSISTING OF ROOM TAX RECEIPTS DESIGNATED FOR REINVESTMENT, AND OPERATES UNDER THE DIRECTION OF THE CITY MANAGER AND CITY COUNCIL IN COORDINATION WITH THE DESTINATION NEWPORT COMMITTEE TO COMPLIMENT THE CITY'S ADVERTISING PROGRAM. THE OREGON TOURISM COMMISSION PROVIDED FUNDS TO GNCC TO PROMOTE TOURISM TO OUT-OF-STATE AND INTERNATIONAL AUDIENCES TO VISIT THE NEWPORT AREA OF OREGON. REGIONAL ALIGNMENT FUNDS ARE ALSO USED TO PROMOTE TOURISM TO THOSE LIVING BEYOND OREGON, AS WELL AS DEVELOPING IN-STATE TOURISM PRODUCTS AND TOURISM BUSINESSES. REGIONAL RESOURCE FUNDS ARE USED FOR GNCC TO DEVELOP A REGIONAL TOURISM STRATEGY THAT OUTLINES PRIORITY INITIATIVES AND REFLECTS POTENTIAL FUTURE ACTIVITIES IN SUCH AREAS AS REGIONAL BRANDING AND MARKETING, INCREASING INTERNATIONAL VISITORS, IMPROVING OR EXPANDING PRODUCT AND BUSINESS DEVELOPMENT, AND IMPROVING VISITOR EXPERIENCES IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ken Bishop President | OfficerTrustee | 4 | $0 |
Melony Heim 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Paul Schuytema Secretary | OfficerTrustee | 2 | $0 |
Steve Lovas Treasurer | OfficerTrustee | 3 | $0 |
Jessica Steenkolk Past Preside | OfficerTrustee | 1 | $0 |
Al Fitzpatrick Past Pres At | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,502 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $511,986 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,488 |
| Total Program Service Revenue | $37,235 |
| Investment income | $1,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $170,708 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $807,568 |
| 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. | $74,649 |
| Compensation of current officers, directors, key employees. | $22,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,542 |
| Pension plan accruals and contributions | $1,966 |
| Other employee benefits | $13,104 |
| Payroll taxes | $16,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,419 |
| Advertising and promotion | $242,369 |
| Office expenses | $8,405 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,997 |
| Travel | $3,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,402 |
| Insurance | $14,706 |
| All other expenses | $44,307 |
| Total functional expenses | $726,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,912 |
| Savings and temporary cash investments | $98,494 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,289 |
| 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 | $5,591 |
| Net Land, buildings, and equipment | $29,558 |
| Investments—publicly traded securities | $22,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $481,596 |
| Accounts payable and accrued expenses | $34,241 |
| Grants payable | $0 |
| Deferred revenue | $45,010 |
| 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 | $0 |
| Total liabilities | $79,251 |
| Net assets without donor restrictions | $402,345 |
| 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 | $481,596 |