Hermosa Beach Chamber Of Commerce

Organization Overview

Hermosa Beach Chamber Of Commerce is located in Hermosa Beach, CA. The organization was established in 1946. 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 12/2021, Hermosa Beach Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermosa Beach 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 12/2021, Hermosa Beach Chamber Of Commerce generated $191.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $157.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE LINE A) BELOW

Describe the Organization's Program Activity:

Part 3 - Line 4a

HERMOSA BEACH CHAMBER OF COMMERCE IS ORGANIZED TO PROMOTE, EDUCATE AND ORGANIZE THE BUSINESSES WHICH SERVE THE HERMOSA BEACH AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Bakaly
Vice Chair
$0
Laura Mchugh
Director
$0
Brian Dunne
Vice Chair
$0
Solange Comer
Vice Chair
$0
Dave Davis
Chairman
$0
Jessica Accamando
President & CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $15,000
All other contributions, gifts, grants, and similar amounts not included above$20,604
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$35,604
Total Program Service Revenue$62,320
Investment income $52
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $81,704
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $11,907
Miscellaneous Revenue$0
Total Revenue $191,587

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