Folsom Chamber Of Commerce
- Assets
- $472.1k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Folsom, CA
- Founding
- 07/1965
- Data as of
- 03/2023
- EIN
- 94-1573092
Organization Overview
Folsom Chamber Of Commerce is located in Folsom, CA. The organization was established in 1965. 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 03/2023, Folsom Chamber Of Commerce employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Folsom 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 03/2023, Folsom Chamber Of Commerce generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.6m during the year ending 03/2023. While expenses have increased by 4.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CIVIC, BUSINESS AND ECONOMIC WELL BEING AND GENERAL WELL BEING OF THE FOLSOM AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOLSOM RODEO:ONE OF THE BIGGEST TRADITIONS OF FOLSOM IS THE ANNUAL FOLSOM RODEO. AT THE EVENT ITSELF, THE RODEO CONSISTS OF SEVERAL DIFFERENT EVENTS, INCLUDING BULL RIDING, BRONCO RIDING, BARREL RACING, STEER WRESTLING, AND THE ALWAYS POPULAR "MUTTON BUSTING". AFTER THE END OF THE RODEO, FIREWORKS ARE LAUNCHED EVERY NIGHT, WHICH CAN BE SEEN THROUGH ALL OF FOLSOM.
FOLSOM WOMEN'S CONFERENCE:FOLSOM WOMEN'S CONFERENCE PROVIDES INSPIRATION, EMPOWERMENT AND GROWTH. IT IS THE LARGEST WOMEN'S EVENT IN THE REGION, WITH OVER 300 ATTENDEES THIS EVENT HIGHLIGHTS THE IMPORTANCE OF COLLABORATION AND BRINGING WOMEN OF ALL AGES TOGETHER TO INSPIRE AND LEARN FROM EACH OTHER.
FOOTHILLS WINE EVENT:WINE ENTHUSIASTS WILL GATHER FOR THE FOOTHILL WINE FEST, WHICH TAKES PLACE AT PALLADIO SHOPPING CENTER IN FOLSOM. ATTENDEES WILL BE ABLE TO TASTE A BROAD SELECTION OF WINES THAT HAIL FROM THE SIERRA FOOTHILLS, INCLUDING AWARD WINNERS FROM THE FOOTHILL WINE FEST COMPETITION, WHICH TOOK PLACE EARLIER IN THE YEAR. MORE THAN 20 WINE JUDGES GATHERED IN FOLSOM TO EVALUATE AND SCORE APPROXIMATELY 400 WINES IN THIS ANNUAL COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Gagliardi President | OfficerTrustee | 40 | $106,865 |
Mark Bahouth 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Anna Ballard Board Member | Trustee | 1 | $0 |
Brittany Bresler Board Member | Trustee | 1 | $0 |
Terry Carroll Past Chair | OfficerTrustee | 1 | $0 |
Augustine Chavez Jr Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $128,164 |
| 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 | $128,164 |
| Total Program Service Revenue | $2,445,963 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$158 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,573,971 |
| 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. | $129,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,792 |
| Payroll taxes | $89,386 |
| Fees for services: Management | $51,794 |
| Fees for services: Legal | $3,318 |
| Fees for services: Accounting | $25,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $106,770 |
| Office expenses | $358,005 |
| Information technology | $65,718 |
| Royalties | $0 |
| Occupancy | $75,440 |
| Travel | $21,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,436 |
| Interest | $225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,656 |
| Insurance | $41,593 |
| All other expenses | $35,627 |
| Total functional expenses | $2,632,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,881 |
| Savings and temporary cash investments | $11,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $387,448 |
| 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 | $11,665 |
| Net Land, buildings, and equipment | $59,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $472,116 |
| Accounts payable and accrued expenses | $229,659 |
| Grants payable | $0 |
| Deferred revenue | $431,962 |
| 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 | $159,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,595 |
| Total liabilities | $874,116 |
| 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 | -$402,000 |
| Total liabilities and net assets/fund balances | $472,116 |