Livermore Chamber Of Commerce
- Assets
- $217.1k
- Revenue
- $532.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Livermore, CA
- Founding
- 10/1942
- Data as of
- 12/2023
- EIN
- 94-0634925
Organization Overview
Livermore Chamber Of Commerce is located in Livermore, CA. 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, Livermore Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livermore 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, Livermore Chamber Of Commerce generated $532.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $541.4k during the year ending 12/2023. While expenses have increased by 5.3% 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
ENHANCE THE BUSINESS ENVIRONMENT AND THE QUALITY OF LIFE IN THE LIVERMORE VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LVCC PROVIDES A PROGRAM KNOWN AS STATE OF THE CITY THAT INFORMS MEMBERS AND THE COMMUNITY ABOUT WHAT THE CITY GOVERNMENT IS DOING AND UPDATES THEM ON WHAT PLANS ARE BEING MADE IN THE COMMUNITY.
LEADERSHIP LIVERMORE COMMUNITY EDUCATION COURSE IS A NINE-MONTH (OCTOBER THROUGH JUNE) PROGRAM OF THE LIVERMORE VALLEY CHAMBER OF COMMERCE IN PARTNERSHIP WITH THE CITY OF LIVERMORE. THE CLASS, WHICH IS HELD ONE DAY EACH MONTH, BRINGS APPROXIMATELY 25 PARTICIPANTS TOGETHER TO GET A BEHIND-THE-SCENES LOOK AT THE COMMUNITY AND TO BUILD RELATIONS WITH OTHER LEADERS. LEADERSHIP LIVERMORE IS AN IDEAL PROGRAM FOR BUSINESS EXECUTIVES AND FUTURE LEADERS WHO WILL BENEFIT FROM AN INSTANT "IN" TO WHO'S WHO IN THE COMMUNITY AND THE STATE OF CALIFORNIA.
LVCC PROVIDES A BUSINESS EXPO WHICH IS A PLATFORM FOR MEMBERS AND SURROUNDING CHAMBERS TO NETWORK AND SHARES THEIR SERVICES OR PRODUCTS WITH THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Larranaga Director | Trustee | 0.5 | $0 |
Harold Roundtree Immediate Past Chairman Of The Board | OfficerTrustee | 0.5 | $0 |
Sharon Jenkins Director | Trustee | 0.5 | $0 |
Denise Bouillerce Director | Trustee | 0.5 | $0 |
John Freeman Director | Trustee | 0.5 | $0 |
Chris Van Schaack Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,832 |
| Noncash contributions included in lines 1a–1f | $21,383 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,082 |
| Total Program Service Revenue | $158,044 |
| Investment income | $0 |
| 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 | $532,126 |
| 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. | $82,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $198,202 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,598 |
| Office expenses | $25,298 |
| Information technology | $15,950 |
| Royalties | $0 |
| Occupancy | $14,010 |
| Travel | $2,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,600 |
| Insurance | $4,129 |
| All other expenses | $7,626 |
| Total functional expenses | $541,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,961 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $80,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $217,111 |
| 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 | $150,000 |
| Other liabilities | $7,814 |
| Total liabilities | $157,814 |
| Net assets without donor restrictions | $0 |
| 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 | $59,297 |
| Total liabilities and net assets/fund balances | $217,111 |