Carmel Chamber Of Commerce Inc
- Assets
- $271.9k
- Revenue
- $417.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Carmel, CA
- Founding
- 06/1974
- Data as of
- 12/2023
- EIN
- 94-0369785
Organization Overview
Carmel Chamber Of Commerce Inc is located in Carmel, CA. The organization was established in 1974. 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, Carmel Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carmel Chamber Of Commerce Inc 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, Carmel Chamber Of Commerce Inc generated $417.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $446.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLISHING OF CARMEL CALIFORNIA CITY DIRECTORY, GUIDE AND NEWSLETTER; ORGANIZATION OF MONTHLY MEETINGS OF CITY BUSINESSES; ADVERTISEMENTS IN TOURIST PUBLICATIONS; STAFFING AND MAINTENANCE OF CARMEL CALIFORNIA INFORMATION CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE MEMBERSHIP IN THE CARMEL CHAMBER OF COMMERCE; PROMOTE TOURISM AND TRAVEL TO BENEFIT ALL BUSINESSES INVOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sygale Lomas Past Chair | OfficerTrustee | 10 | $0 |
Jeff Ursino Treasurer | OfficerTrustee | 10 | $0 |
Ben Beesley Director | Trustee | 10 | $0 |
Clarissa Rowe Chair | OfficerTrustee | 10 | $0 |
Becky Jones Director | Trustee | 10 | $0 |
David Lurie Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $187,904 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,598 |
| Total Program Service Revenue | $33,782 |
| Investment income | $1,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $103,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,490 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| 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 | $225,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,731 |
| Payroll taxes | $18,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,963 |
| Office expenses | $13,940 |
| Information technology | $11,815 |
| Royalties | $0 |
| Occupancy | $67,106 |
| Travel | $1,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,770 |
| Interest | $92 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,529 |
| Insurance | $10,459 |
| All other expenses | $422 |
| Total functional expenses | $446,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,564 |
| Savings and temporary cash investments | $116,420 |
| 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 | $3,909 |
| Prepaid expenses and deferred charges | $3,100 |
| Net Land, buildings, and equipment | $61,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $503 |
| Total assets | $271,942 |
| 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 | $8,588 |
| Total liabilities | $8,588 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $263,354 |
| 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 | $271,942 |