Greater Lake Oswego Chamber Of Commerce
- Assets
- $272.2k
- Revenue
- $342.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Lake Oswego, OR
- Founding
- 10/1986
- Data as of
- 09/2023
- EIN
- 93-0515970
Organization Overview
Greater Lake Oswego Chamber Of Commerce is located in Lake Oswego, OR. The organization was established in 1986. 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 09/2023, Greater Lake Oswego Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lake Oswego 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 09/2023, Greater Lake Oswego Chamber Of Commerce generated $342.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $605.1k during the year ending 09/2023. While expenses have increased by 9.8% 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 BE A VITAL PARTNER IN MAKING LAKE OSWEGO A VIBRANT AND INCLUSIVE COMMUNITY TO VISIT, GROW A BUSINESS AND CALL HOME. EMPLOYS FUTURE FOCUSED,MEMBER COMMITTED AND EXCELLENCE DRIVEN VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINE WALK - THIS EARLY OCTOBER EVENT FEATURES DOWNTOWN BUSINESSES AS HOST LOCATIONS, AND SERVES AS A HOLIDAY PREVIEW FOR THE PARTICIPATING RETAIL HOSTS. EACH TICKET ENTITLES THE ATTENDEE TO SEVERAL WINE TASTINGS IN RETAIL MEMBER LOCATIONS OF THEIR CHOICE. UPWARDS OF 500 PEOPLE PARTICIPATE IN THE ANNUAL TASTINGS AND RETAIL PROMOTION. A NEW EVENT HAS BEEN CREATED FOR A SECOND LOCATION IN MAY.
MISCELLANEOUS - HOLIDAY TREE LIGHTING, A WELLNESS FAIR, AND OTHER RETAIL ORIENTED PROMOTIONS SUPPORT THE MEMBER BUSINESS COMMUNITY.
ANNUAL COMMUNITY RECOGNITION EVENTAT THIS EVENT, THE COMMUNITY LEADER OF THE YEAR, AS WELL AS SEVERAL MEMBER AWARDS ARE GIVEN TO RECOGNIZE OUTSTANDING ACHIEVEMENT BY CIVIC, EDUCATION, GOVERNMENTAL, AND ORGANIZATIONAL LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Hartman Secretary | OfficerTrustee | 50 | $67,950 |
Heather Graves Ramsey President | OfficerTrustee | 2 | $0 |
Matthew Kahl Past President | OfficerTrustee | 2 | $0 |
Ken Sandblast Director | Trustee | 2 | $0 |
Alistair Firmin Vice President | OfficerTrustee | 2 | $0 |
Jay Haladay Vice President | OfficerTrustee | 2 | $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 | $45,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,025 |
| Total Program Service Revenue | $296,974 |
| Investment income | $73 |
| 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 | $342,072 |
| 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 | $258,012 |
| Pension plan accruals and contributions | $2,254 |
| Other employee benefits | $546 |
| Payroll taxes | $24,702 |
| 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 | $152,902 |
| Office expenses | $8,240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,568 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184 |
| Insurance | $1,036 |
| All other expenses | $49,276 |
| Total functional expenses | $605,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,272 |
| Savings and temporary cash investments | $60,237 |
| 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 | $4,651 |
| Net Land, buildings, and equipment | $237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,800 |
| Total assets | $272,197 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,185 |
| Total liabilities | $2,185 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $270,012 |
| 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 | $272,197 |