Carlsbad Chamber Of Commerce
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Carlsbad, CA
- Founding
- 03/1979
- Data as of
- 12/2022
- EIN
- 95-1761292
Organization Overview
Carlsbad Chamber Of Commerce is located in Carlsbad, CA. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Carlsbad Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlsbad 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 12/2022, Carlsbad Chamber Of Commerce generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESSES THROUGH MEMBER SERVICES, EDUCATIONAL PROGRAMS, COOPERATIVE PARTNERSHIPS AND LEGISLATIVE ADVOCACY AND BUSINESS PROMOTION, EDUCATION AND RECOGNITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: INFORM AND EDUCATE MEMBERS ABOUT CHAMBER PROGRAMS, SERVICES, BUSINESS ISSUES AND EVENTS VIA OUR NEWSPAPER, BROCHURES, WEBSITE AND OTHER PUBLICATIONS.
MEMBERSHIP DUES: PROMOTE GROWTH AND RETENTION OF OUR HONOR BUSINESS ACHIEVEMENT AND SUCCESSES, HONORING BOTH BUSINESS LEADERS AND OUR MANY VOLUNTEERS.
COMMITTEES PROVIDE A FORUM FOR BUSINESS ISSUES AS WELL AS A CONDUIT FOR BUSINESS AND THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret Schanzenbach President & CEO | OfficerTrustee | 50 | $172,279 |
Darryl Reitmeyer Employee | 40 | $109,068 | |
Risa Baron Member | Trustee | 1 | $0 |
Lupe Hairston Member | Trustee | 1 | $0 |
Samir Marwah Member | Trustee | 1 | $0 |
Deb Beddoe Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $451,191 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| 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 | $476,191 |
| Total Program Service Revenue | $461,044 |
| Investment income | $2,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $228,174 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,225,357 |
| 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. | $188,744 |
| Compensation of current officers, directors, key employees. | $94,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $484,215 |
| Pension plan accruals and contributions | $19,258 |
| Other employee benefits | $48,823 |
| Payroll taxes | $53,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,763 |
| Office expenses | $73,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,291 |
| Travel | $9,740 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,000 |
| Insurance | $28,705 |
| All other expenses | $0 |
| Total functional expenses | $1,232,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,915 |
| Savings and temporary cash investments | $165,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,895 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,403 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,726 |
| Net Land, buildings, and equipment | $950,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $374 |
| Other assets | $0 |
| Total assets | $1,266,481 |
| Accounts payable and accrued expenses | $23,092 |
| Grants payable | $0 |
| Deferred revenue | $60,305 |
| 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 | $393,750 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $309 |
| Total liabilities | $627,456 |
| Net assets without donor restrictions | $639,025 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,266,481 |