Valley Contractors Exchange
- Assets
- $1.1m
- Revenue
- $755.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Chico, CA
- Founding
- 05/1964
- Data as of
- 12/2022
- EIN
- 94-1348547
Organization Overview
Valley Contractors Exchange is located in Chico, CA. The organization was established in 1964. 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, Valley Contractors Exchange employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Contractors Exchange 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, Valley Contractors Exchange generated $755.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $800.8k during the year ending 12/2022. While expenses have increased by 7.4% 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
INDUSTRY PROMOTION AND BID SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERSHIP WITH INDUSTRY INFORMATION, SAFETY PROGRAMS, BID PROCESSING SERVICES AND TO FOSTER INDUSTRY COOPERATION.
UNRELATED BUSINESS SERVICES INCLUDING BLUEPRINT DUPLICATION, SAFETY PROGRAMS, AND MERCHANDISE SALES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Rohrer Executive Dir. | OfficerTrustee | 40 | $75,094 |
David Wymore President | Trustee | 2 | $0 |
Jennifer Foglesong Treasurer | Trustee | 2 | $0 |
Bryan Henderson Exec Committee | Trustee | 1 | $0 |
Clark Gardner Director | Trustee | 1 | $0 |
David Murray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $128,231 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,727 |
| Total Program Service Revenue | $95,460 |
| Investment income | $41,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,540 |
| Net Gain/Loss on Asset Sales | -$1,029 |
| Net Income from Fundraising Events | $37,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $755,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $468,064 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $35,228 |
| Compensation of current officers, directors, key employees. | $75,094 |
| Compensation of current officers, directors, key employees. | $75,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,943 |
| Pension plan accruals and contributions | $5,192 |
| Other employee benefits | $23,022 |
| Payroll taxes | $12,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $720 |
| Fees for services: Accounting | $5,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155 |
| Advertising and promotion | $5,690 |
| Office expenses | $1,884 |
| Information technology | $1,431 |
| Royalties | $0 |
| Occupancy | $25,846 |
| Travel | $1,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $471 |
| Interest | -$1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,771 |
| Insurance | $8,193 |
| All other expenses | $855 |
| Total functional expenses | $800,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,951 |
| Savings and temporary cash investments | $92,492 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,316 |
| 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 | $134,090 |
| Investments—publicly traded securities | $795,351 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,120,200 |
| Accounts payable and accrued expenses | $1,747 |
| Grants payable | $0 |
| Deferred revenue | $129,028 |
| 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 | $0 |
| Other liabilities | $76 |
| Total liabilities | $130,851 |
| Net assets without donor restrictions | $947,553 |
| Net assets with donor restrictions | $41,796 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,120,200 |
Grants Awarded
Over the last fiscal year, Valley Contractors Exchange has awarded $461,958 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY CONTR WORKFORCE FDN PURPOSE: Transfer equip purch for VCWF | $145,668 |
VALLEY CONTR WORKFORCE FDN PURPOSE: To spend grant $ received for VCWF | $195,740 |
VALLEY CONTR WORKFORCE FDN PURPOSE: Transfer grant $ received for VCWF | $120,550 |