Studio City Chamber Of Commerce
- Assets
- $11.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Studio City, CA
- Founding
- 01/1950
- Data as of
- 12/2023
- EIN
- 95-1272633
Organization Overview
Studio City Chamber Of Commerce is located in Studio City, CA. The organization was established in 1950. 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. Studio City 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 12/2023, Studio City Chamber Of Commerce generated $65.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $89.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE STUDIO CITY CHAMBER OF COMMERCE WAS ORGANIZED TO PROMOTE BETTER BUSINESS AFFAIRS AND STRENGTHEN TIES WITHIN THE GENERAL BUSINESS COMMUNITY OF STUDIO CITY. THE STUDIO CITY CHAMBER OF COMMERCE MEETS MONTHLY TO DISCUSS VARIOUS ISSUES RELEVANT TO THE PROMOTION OF BUSINESS WITHIN STUDIO CITY. AT THESE MEETINGS, THEY PROVIDE EACH OTHER WITH RELATIONSHIPS LEADING TO PROACTIVE APPROACHES TOWARDS PROMOTING BUSINESS WITHIN THE COMMUNITY IN THE LONG TERM. IN ADDITION, THE CHAMBER SPONSORS EVENTS WHICH HELP TO FOCUS PEOPLE ON LOCAL BUSINESSES WITHIN THE COMMUNITY, SUCH AS AN ANNUAL JULY FOURTH EVENT, HOLIDAY OPEN HOUSE, ETC. THE CHAMBER PUBLISHES A NEWSLETTER FOR A NOMINAL FEE TO PROMOTE OUTREACH. THE NEWSLETTER ADVERTISES THE CHAMBER AND LOCAL BUSINESSES. ALL AS A MEANS OF ACCOMPLISHING THE CHAMBERS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindi Dameshek Director | 0 | $0 | |
Adrianna Cruz President | 0 | $0 | |
Carole Zide Secretary | 0 | $0 | |
Robin Katzman Director | 0 | $0 | |
Scott Mills Director | 0 | $0 | |
Tracy Cohen Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,118 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,791 |
| Other Revenue | $0 |
| Total Revenue | $65,909 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,156 |
| Professional fees and other payments to independent contractors | $5,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,960 |
| Total expenses | $89,366 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,047 |
| Other assets | $0 |
| Total assets | $11,047 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,047 |