Vista Chamber Of Commerce
- Assets
- $539.2k
- Revenue
- $333.9k
- Investments
- $0.0
- Employees
- 53
- Location
- Vista, CA
- Founding
- 08/1962
- Data as of
- 12/2023
- EIN
- 95-1715281
Organization Overview
Vista Chamber Of Commerce is located in Vista, CA. The organization was established in 1962. 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 12/2023, Vista Chamber Of Commerce employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vista 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, Vista Chamber Of Commerce generated $333.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $440.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 8 years. 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 BUSINESS AND ECONOMIC DEVELOPMENT WITHIN THE CITY OF VISTA AND THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS PROGRAM: THE CHAMBER ORGANIZES EVENTS THROUGHOUT THE YEAR OPEN TO ALL BUSINESSES WITHIN THE COMMUNITY AND SURROUNDING AREAS. THERE ARE MONTHLY EVENTS FOR BUSINESSES TO NETWORK AND SUPPORT ONE ANOTHER. WE OFFER AN ANNUAL HIRING FAIR/EXPO FOR BUSINESSES TO RECRUIT OR MARKET THEMSELVES. WE OFFER MEMBERS AN ENHANCED WEBSITE PROFILE TO PROMOTE THEIR BUSINESS. BUSINESSES ALSO HAVE AN OPPORTUNITY TO PARTICIPATE IN OUR SUMMER INTERNSHIP WHERE THEY CAN HOST AN INCOMING HIGH SCHOOL SENIOR FOR 100 HOURS AT NO COST TO THEM.
COMMUNITY PROGRAMS: THE CHAMBER ORGANIZES EVENTS THROUGHOUT THE YEAR TO PROMOTE AND ENHANCE THE GENERAL COMMUNITY. EVENTS SUCH AS THE CHRISTMAS PARADE, MEET THE LEADERS, AND STATE OF THE COMMUNITY ARE OPEN TO THE PUBLIC. THE CHAMBER PARTNERED WITH LOCAL INITIATIVES SUPPORT COORPORATION TO OFFER SUPPORT TO BIPOC BUSINESSES IN THE COMMUNITY.
MEMBER PROGRAMS: CERTAIN PROGRAMS ARE AVAILABLE TO MEMBERS ONLY. THESE PROGRAMS ARE GENERALLY FOCUSED ON NETWORKING AND BUSINESS DEVELOPMENT. WE HAVE DEVELOPED THE QUARTERLY VISTA MAGAZINE IN SPANISH AND ENGLISH WHERE MEMBERS CAN ADVERTISE. THE MAGAZINE INCLUDES A MEMBER DIRECTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Beld CEO | Officer | 40 | $133,025 |
Matt Koumaras Secretary | OfficerTrustee | 3 | $0 |
Jason Roberts Vice Chair | OfficerTrustee | 3 | $0 |
Aaron Gobidas Director | Trustee | 2 | $0 |
Kyle Adams Director | Trustee | 2 | $0 |
Betsy Heightman Chair Elect | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,130 |
| Total Program Service Revenue | $257,415 |
| Investment income | $8,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $356 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,858 |
| 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. | $78,025 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,430 |
| Payroll taxes | $17,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,076 |
| Advertising and promotion | $1,444 |
| Office expenses | $7,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,835 |
| Travel | $3,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,821 |
| All other expenses | -$1,134 |
| Total functional expenses | $440,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,634 |
| Savings and temporary cash investments | $410,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,550 |
| 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 | $17,546 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $539,236 |
| Accounts payable and accrued expenses | $31,642 |
| Grants payable | $5,000 |
| Deferred revenue | $133,774 |
| 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 | $300,000 |
| Total liabilities | $470,416 |
| Net assets without donor restrictions | $37,805 |
| Net assets with donor restrictions | $31,015 |
| 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 | $539,236 |