Hayward Chamber Of Commerce
- Assets
- $48.2k
- Revenue
- $278.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hayward, CA
- Founding
- 03/1961
- Data as of
- 06/2024
- EIN
- 94-1018823
Organization Overview
Hayward Chamber Of Commerce is located in Hayward, CA. The organization was established in 1961. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hayward 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 06/2024, Hayward Chamber Of Commerce generated $278.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $377.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING BUSINESS IN THE HAYWARD COMMUNITY THROUGH EDUCATIONAL AND NETWORKING OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN HAYWARD STREET PARTIES: THESE VIBRANT COMMUNITY EVENTS SHOWCASE THE LIVELY ATMOSPHERE OF DOWNTOWN HAYWARD, DRAWING OVER A CUMULATIVE 20,000 ATTENDEES TO ENJOY LIVE MUSIC, DELICIOUS FOOD, AND LOCAL VENDORS. THESE COMMUNITY EVENTS HAVE GARNERED WIDESPREAD SUPPORT FOR THEIR POSITIVE IMPACT ON THE HAYWARD COMMUNITY. THESE STREET PARTIES PLAY A CRUCIAL ROLE IN FOSTERING CUMMUNITY SPIRIT, ENCOURAGING LOCAL ECONOMIC GROWTH, AND PROMOTING THE UNIQUE IDENTITY OF HAYWARD.
MARIACHI FESTIVAL: A VIBRANT CELEBRATION OF MEXICAN CULTURE, OUR MARIACHI FESTIVAL DRAWS OVER 5,000 ATTENDEES FROM ACROSS THE SAN FRANCISCO BAY AREA, OFFERING BUSINESSES A UNIQUE OPPORTUNITY TO ENGAGE WITH A DIVERSE AUDIENCE. RENOWNED MARIACHI BANDS SHOWCASE THE GENRE'S RICH HERITAGE THROUGH STUNNING REGALIA, INTRICATE INSTRUMENTATION, AND SOULFUL VOCALS. BEYOND ELECTRIFYING PERFORMANCES, THE FESTIVAL FEATURES A VIBRANT MERCADO WITH LOCAL ARTISANS, AUTHENTIC MEXICAN CUISINE, AND INTERACTIVE CULTURAL DEMONSTRATIONS. THIS FAMILY-FRIENDLY EVENT CELEBRATES OUR COMMUNITY'S DIVERSITY AND CULTURAL RICHNESS, LEAVING A LASTING IMPRESSION ON ALL ATTENDEES.
LEADERSHIP HAYWARD: LEADERSHIP HAYWARD IS A PRESTIGIOUS EIGHT-MONTH PROFESSIONAL DEVELOPMENT PROGRAM RUNNING FROM NOVEMBER TO JUNE. THIS PROGRAM HAS GARNERED WIDESPREAD SUPPORT FOR ITS POSITIVE IMPACT ON THE HAYWARD CUMMUNITY. OUR DIVERSE COHORT OF AROUND 30 ATTENDEES EACH YEAR INCLUDES REPRESENTATIVES FROM BUSINESSES, GOVERNMENT, ECONOMIC DEVELOPMENT, AGENCIES, AND EDUCATION SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Falduti Chairperson | Trustee | 5 | $0 |
Linda Renteria Immediate Past Chair | Trustee | 2 | $0 |
Jorge Espinosa Director | Trustee | 2 | $0 |
Eric Vaughn Director | Trustee | 2 | $0 |
Diann Castleberry Director | Trustee | 2 | $0 |
Trish Gregovich Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,723 |
| Fundraising events | $800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,673 |
| Total Program Service Revenue | $129,851 |
| Investment income | $1,029 |
| 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 | $278,553 |
| 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. | $136,701 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,625 |
| Other employee benefits | $3,199 |
| Payroll taxes | $12,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $816 |
| Fees for services: Accounting | $17,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,575 |
| Advertising and promotion | $7,717 |
| Office expenses | $11,729 |
| Information technology | $2,224 |
| Royalties | $0 |
| Occupancy | $25,104 |
| Travel | $7,127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $914 |
| Interest | $1,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,467 |
| All other expenses | $0 |
| Total functional expenses | $376,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,714 |
| 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 | $2,517 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,231 |
| Accounts payable and accrued expenses | $16,531 |
| 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 | $38,069 |
| Other liabilities | $0 |
| Total liabilities | $54,600 |
| 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 | -$6,369 |
| Total liabilities and net assets/fund balances | $48,231 |