Carmel Chamber Of Commerce Inc
- Assets
- $281.0k
- Revenue
- $440.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Carmel, CA
- Founding
- 06/1974
- Data as of
- 12/2021
- 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 12/2021, Carmel Chamber Of Commerce Inc employed 6 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 12/2021, Carmel Chamber Of Commerce Inc generated $440.8k 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 (5.8%) each year. All expenses for the organization totaled $401.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny M Macmurdo Executive Dir. | Officer | 40 | $94,931 |
Matthew Rankin Director | Trustee | 4 | $0 |
Sygale Lomas Vice Chair | Trustee | 4 | $0 |
Aram Stoney Director | Trustee | 4 | $0 |
Angelica Arroyo Director | Trustee | 4 | $0 |
Brian Turlington Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $247,556 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $383,727 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,837 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,826 |
| 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. | $94,931 |
| Compensation of current officers, directors, key employees. | $23,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,601 |
| Pension plan accruals and contributions | $1,229 |
| Other employee benefits | $39,681 |
| Payroll taxes | $17,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,800 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,983 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,838 |
| Travel | $946 |
| 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 | $3,185 |
| Insurance | $11,651 |
| All other expenses | $19,359 |
| Total functional expenses | $401,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,222 |
| Savings and temporary cash investments | $51,234 |
| 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 | $3,888 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $66,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,292 |
| Total assets | $280,957 |
| 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 | $11,428 |
| Total liabilities | $11,428 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $269,529 |
| 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 | $280,957 |
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