Millbrae Chamber Of Commerce
- Assets
- $41.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Millbrae, CA
- Founding
- 09/1959
- Data as of
- 12/2020
- EIN
- 94-1107177
Organization Overview
Millbrae Chamber Of Commerce is located in Millbrae, CA. The organization was established in 1959. 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 12/2020, Millbrae Chamber Of Commerce employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millbrae 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 12/2020, Millbrae Chamber Of Commerce generated $43.2k 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 (20.0%) each year. All expenses for the organization totaled $117.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHAMBER IS TO ENCOURAGE THE DEVELOPMENT OF THE BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3
THE MISSION OF THE CHAMBER IS TO ENCOURAGE THE DEVELOPMENT OF THE BUSINESS COMMUNITY
THE PROGRAM SERVICE ENCOURAGES THE DEVELOPMENT OF THE BUSINESS COMMUNITY.
THE MISSION OF THE CHAMBER IS TO ENCOURAGE THE DEVELOPMENT OF THE BUSINESS COMMUNITY
THE PROGRAM SERVICE ENCOURAGES THE DEVELOPMENT OF THE BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Cheung Secretary | 2 | $0 | |
Mary Ellen Pellergrini Director | 2 | $0 | |
Bart Speccia Director | 2 | $0 | |
Nick Courcoumelis Director | 2 | $0 | |
Lorianne Richardson President & CEO | 40 | $0 | |
Marilou Edwards Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,040 |
| Membership dues | $8,787 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,344 |
| Other Revenue | $0 |
| Total Revenue | $43,171 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $75,454 |
| Professional fees and other payments to independent contractors | $2,810 |
| Occupancy, rent, utilities, and maintenance | $25,850 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,078 |
| Total expenses | $117,192 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,745 |
| Other assets | $0 |
| Total assets | $41,346 |
| Total liabilities | $127,895 |
| Net assets or fund balances | -$86,549 |
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