Madera District Chamber Of Commerce
- Assets
- $230.6k
- Revenue
- $162.6k
- Investments
- $154.3k
- Employees
- 0
- Location
- Madera, CA
- Founding
- 06/1972
- Data as of
- 06/2024
- EIN
- 94-1719646
Organization Overview
Madera District Chamber Of Commerce is located in Madera, CA. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madera District 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 06/2024, Madera District Chamber Of Commerce generated $162.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $156.7k during the year ending 06/2024. While expenses have increased by 1.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
STAFFED VOLUNTARY ORGANIZATION REPRESENTING ALL SEGMENTS OF THE BUSINESS COMMUNITY FOR THE MARSHALLING THE EFFORTS OF OUR MEMBERSHIP FOR A BETTER BUSINESS ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS EXTRAVAGANZA:GATHERING OF BUSINESS COMMUNITY FOR THE PURPOSE OF PROVIDING INFORMATION TO MADERA RESIDENTS. SHOWCASE ACTIVITIES - PROMOTE LOCAL BUSINESS VENTURES.
EXPENSES REVENUESALUTE TO EDUCATION 2,500 1,866MAYOR BREAKFAST (NET) 5,344 8,970 TRESS FOR CHARITY 608 1,450MADERA DOWNTOWN 1,756 7,490
POMEGRANATE FRUIT AND NUT FESTIVAL:BUSINESS INGENUITY RELATED TO AG INDUSTRY.PRODUCE AWARENESS OF POMEGRANATES.
LIFETIME ACHIEVEMENT AWARDS:BUSINESS COMMUNITY SELECTS WORTHY RETIRED OR ACTIVE BUSINESS PERSONS WHO HAVE SERVED THE COMMUNITY THROUGH SERVICE AND VOLUNTEERISM. THE AWARDS ARE PRESENTED AT A LOCAL VENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Gutierrez Director | Trustee | 0.5 | $0 |
Liz Salas Director | Trustee | 0.5 | $0 |
Beau Miracle Director | Trustee | 0.5 | $0 |
Eric Garza Director | Trustee | 0.5 | $0 |
Harpreet Singh Director | Trustee | 0.5 | $0 |
John Copland Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $69,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,395 |
| Total Program Service Revenue | $55,512 |
| Investment income | $4,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,439 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,611 |
| 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. | $99,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,277 |
| Payroll taxes | $8,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23 |
| Office expenses | $2,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,209 |
| All other expenses | $1,577 |
| Total functional expenses | $156,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,981 |
| Savings and temporary cash investments | $9,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $154,262 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $230,555 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,039 |
| Total liabilities | $4,039 |
| 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 | $226,516 |
| Total liabilities and net assets/fund balances | $230,555 |
Grants Awarded
Over the last fiscal year, Madera District Chamber Of Commerce has awarded $7,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MADERA COUNTY ARTS COUNCIL PURPOSE: COVID RELIEF | $5,000 |
MADERA DISTRICT FAIR PURPOSE: COVID RELIEF | $2,000 |