Mill Valley Chamber Of Commerce
- Assets
- $252.5k
- Revenue
- $459.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Mill Valley, CA
- Founding
- 01/1955
- Data as of
- 12/2022
- EIN
- 94-1242798
Organization Overview
Mill Valley Chamber Of Commerce is located in Mill Valley, CA. The organization was established in 1955. 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 12/2022, Mill Valley Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mill Valley 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 12/2022, Mill Valley Chamber Of Commerce generated $459.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $480.7k during the year ending 12/2022. While expenses have increased by 17.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE BUSINESS IN MILL VALLEY, CALIFORNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MILL VALLEY MUSIC FESTIVAL STARTED IN 2022 AS AN OUTDOOR ARTS AND CULTURE EVENT PRODUCED BY THE MILL VALLEY CHAMBER AND NOISE POP INDUSTRIES. IT FEATURES A HEADY, MULTI-GENRE MIX OF DIVERSE NATIONAL ACTS AND LOCAL LIGHTS, COUPLED WITH WORLD-CLASS FOOD, DRINK AND ART FOR YOUR BEST FRIENDS AND THE ONES YOU HAVE YET TO MEET.THE MILL VALLEY MUSIC FESTIVAL TAKES PLACE AT FRIENDS FIELD, LOCATED ADJACENT TO THE MILL VALLEY COMMUNITY CENTER, TURNING IT INTO A SPRAWLING FESTIVAL GROVE FOR AN ALL-AGES CELEBRATION OF LOCAL ARTS AND CULTURE. NESTLED BELOW THE SLOPES OF MOUNT TAMALPAIS, THIS NEW DESTINATION FESTIVAL LOOKS TO SERVE AS MILL VALLEYS SIGNATURE EVENT DRAWING ATTENTION TO THE LONGSTANDING CULTURAL CONTRIBUTIONS OF MILL VALLEY THROUGHOUT THE GREATER BAY AREA AND FAR BEYOND.
WINTERFEST 2022THIS QUINTESSENTIAL, FUN-FILLED HOLIDAY COMMUNITY EVENT FEATURES AN ARRAY OF LIVE ENTERTAINMENT, A MASSIVE SLIDE, A VARIETY OF CHILDRENS ACTIVITIES AND DELICIOUS FOODS FROM LOCAL RESTAURANTS. THE EVENT CULMINATES WITH THE ANNUAL TREE LIGHTING CEREMONY. SPONSORS HAVE THE UNIQUE OPPORTUNITY TO ENGAGE AND CONNECT WITH WINTERFEST PARTICIPANTS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Welte Executive Director | Officer | 40 | $118,128 |
Paula Reynolds Director Of Operations | Officer | 20 | $22,652 |
Melinda Neal Board Member | Trustee | 1 | $0 |
Noralee Mckersie Board Member | Trustee | 1 | $0 |
Jan Mathews Board Member | Trustee | 1 | $0 |
Karl Hasz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,490 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,490 |
| Total Program Service Revenue | $329,001 |
| Investment income | $278 |
| 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 | $1,387 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,752 |
| 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. | $142,711 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$27,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188 |
| Fees for services: Accounting | $16,483 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,120 |
| Advertising and promotion | $1,994 |
| Office expenses | $13,071 |
| Information technology | $3,116 |
| Royalties | $0 |
| Occupancy | $2,209 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,481 |
| Insurance | $3,338 |
| All other expenses | $0 |
| Total functional expenses | $480,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75 |
| Savings and temporary cash investments | $192,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$470 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,391 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $50,587 |
| Other assets | $0 |
| Total assets | $252,495 |
| Accounts payable and accrued expenses | -$216 |
| 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 | $40,905 |
| Other liabilities | $0 |
| Total liabilities | $40,689 |
| 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 | $211,806 |
| Total liabilities and net assets/fund balances | $252,495 |