Borrego Springs Chamber Of Commerce
- Assets
- $312.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Borrego Springs, CA
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 95-1856898
Organization Overview
Borrego Springs Chamber Of Commerce is located in Borrego Springs, CA. The organization was established in 1992. 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. Borrego Springs 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, Borrego Springs Chamber Of Commerce generated $105.3k 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 (10.3%) each year. All expenses for the organization totaled $233.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) 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 Mission:
Part 3 - Line 1
THE BORREGO SPRINGS CHAMBER OF COMMERCE EXISTS TO PROMOTE THE CITY OF BORREGO SPRINGS AS A TOURIST DESTINATION. THE CHAMBER STAFFS A VISITOR INFORMATION CENTER AND PROVIDES VISITOR INFORMATION PACKETS TO PROMOTE BOTH BUSINESS MEMBERS OF THE CHAMBER AND SPECIAL EVENTS IN BORREGO SPRINGS WHICH ENCOURAGE VISITORS TO THE COMMUNITY. THE CHAMBER BUSINESS OFFICE ALSO PRODUCES A NEWSLETTER FOR IT'S MEMBERS, AND MEETINGS ARE HELD IN THE BUSINESS COMMUNITY TO PROMOTE BUSINESS ACTIVITY FOR THE AREA. THE CHAMBER PUBLISHES A BROCHURE WHICH LISTS THE VARIOUS EVENTS SCHEDULED FOR THE YEAR AND THE LOCAL RESTAURANTS,LODGING AND SERVICE FACILITIES.DURING THE YEAR THE CHAMBER VISITOR INFORMATION CENTER ASSISTS OVER 7,000 WALK-INS, DISTRIBUTES 2900 INFORMATION PACKETS, AND RESPONDS TO 8,000 TELEPHONE INQUIRIES.
Describe the Organization's Program Activity:
Part 3
THE CHAMBER SPONSORS A BORREGO DAYS FESTIVAL FOR THE BENEFIT OF THE COMMUNITY AND TO INCREASE TOURISM.
THE CHAMBER INSTALLED ELECTRIC VEHICLE CHARGING STATIONS TO ENCOURAGE TOURISM TO THE COMMUNITY.
THE CHAMBER SPONSORS A LOCAL FARMERS MARKET FOR THE BENEFIT OF THE COMMUNITY AND TO INCREASE TOURISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Brandin President | 2 | $0 | |
Dan Wright Secretary | 1 | $0 | |
Francoise Rhoades Executive Dir. | 30 | $55,000 | |
Ramien Shalizi Vice President | 1 | $0 | |
Harry Turner Director | 1 | $0 | |
Mary Purvis Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,170 |
| Total Program Service Revenue | $68,839 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,319 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,621 |
| Professional fees and other payments to independent contractors | $2,428 |
| Occupancy, rent, utilities, and maintenance | $21,751 |
| Printing, publications, postage, and shipping | $1,120 |
| Other expenses | $148,473 |
| Total expenses | $233,393 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,195 |
| Other assets | $0 |
| Total assets | $312,656 |
| Total liabilities | $103,138 |
| Net assets or fund balances | $209,518 |