Los Altos Chamber Of Commerce
- Assets
- $374.3k
- Revenue
- $303.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Altos, CA
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 94-1198317
Organization Overview
Los Altos Chamber Of Commerce is located in Los Altos, CA. The organization was established in 1982. 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, Los Altos Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Altos 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 12/2021, Los Altos Chamber Of Commerce generated $303.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $294.4k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY AND ANALYZE ISSUES OF INTEREST AND CONCERN TO LOS ALTOS/LOS ALTOS HILLS AND THE BUSINESS COMMUNITY, RECOMMEND TO THE BOARD OF DIRECTORS ADVOCACY POSITIONS ON THOSE ISSUES THAT THE COMMITTEE DEEMS APPROPRIATE, AND COMMUNICATE THE CHAMBER'S VIEWPOINT CLEARLY AND STRONGLY TO OUR MEMBERSHIP, ELECTED OFFICIALS, AND THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARATION OF COMMUNITY GUIDE AND BUSINESS DIRECTORY OF CHAMBER MEMBERS AND DISTRIBUTION TO EVERY ADDRESS IN LOS ALTOS AND LOS ALTOS HILLS.
MONTHLY BUSINESS MIXERS TO MAINTAIN BUSINESS RELATIONSHIPS WITH CHAMBER MEMBERS AND INTRODUCTION OF NEW MEMBERS.
PROMOTION OF BUSINESS INTEREST TO LOCAL GOVERNMENT, SPONSOR A FORUM FOR COMMUNITY LEADERS AND GOVERNMENT REPRESENTATIVES AND SPONSOR BUSINESS ROUNDTABLE TO MONITOR LOCAL ECONOMIC ISSUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Mosley President | OfficerTrustee | 40 | $153,536 |
Kathy Camin Treasurer | OfficerTrustee | 2 | $0 |
Dennis Young 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Tim Giacomini 1st Vice Chair | OfficerTrustee | 2 | $0 |
Tracie Murray Chair | OfficerTrustee | 4 | $0 |
Leyla Benson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,213 |
| Related organizations | $0 |
| Government grants | $154,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,007 |
| Total Program Service Revenue | $102,450 |
| Investment income | $570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,152 |
| 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 | -$61 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $303,713 |
| 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. | $153,536 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,480 |
| Payroll taxes | $13,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,030 |
| Fees for services: Accounting | $15,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176 |
| Advertising and promotion | $3,378 |
| Office expenses | $10,908 |
| Information technology | $1,517 |
| Royalties | $0 |
| Occupancy | $29,637 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $306 |
| Interest | $5,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $781 |
| Insurance | $3,861 |
| All other expenses | -$29,268 |
| Total functional expenses | $294,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,121 |
| Savings and temporary cash investments | $169,909 |
| 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 | $9,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,306 |
| 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 | $141,876 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,712 |
| Total liabilities | $143,588 |
| 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 | $230,718 |
| Total liabilities and net assets/fund balances | $374,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |