Borrego Springs Chamber Of Commerce
- Assets
- $414.5k
- Revenue
- $309.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Borrego Springs, CA
- Founding
- 08/1992
- Data as of
- 12/2021
- 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. As of 12/2021, Borrego Springs Chamber Of Commerce employed 7 individuals. 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 12/2021, Borrego Springs Chamber Of Commerce generated $309.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $166.9k during the year ending 12/2021. 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
2021
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 - Line 4a
THE CHAMBER SPONSORS A BORREGO DAYS FESTIVAL FOR THE BENEFIT OF THE COMMUNITY AND TO INCREASE TOURISM.
THE CHAMBER SPONSORS A LOCAL FARMERS MARKET FOR THE BENEFIT OF THE COMMUNITY AND TO INCREASE TOURISM.
THE CHAMBER SPONSORS A LOCAL PLACE FOR MEETINGS FOR THE BENEFIT OF THE COMMUNITY AND ITS TOURISM INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francoise Rhoades Executive Dir. | OfficerTrustee | 30 | $51,033 |
Clint Brandin President | OfficerTrustee | 2 | $0 |
Ramien Shalizi Director | Trustee | 1 | $0 |
Mary Purvis Treasurer | OfficerTrustee | 1 | $0 |
Harry Turner Director | Trustee | 1 | $0 |
Dan Wright Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,502 |
| Total Program Service Revenue | $106,525 |
| Investment income | $0 |
| 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 | $1,946 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,973 |
| 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. | $51,033 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,152 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,301 |
| Insurance | $9,367 |
| All other expenses | $2,137 |
| Total functional expenses | $166,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,483 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $182,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $414,467 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $106,002 |
| Total liabilities | $106,002 |
| Net assets without donor restrictions | $0 |
| 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 | $308,465 |
| Total liabilities and net assets/fund balances | $414,467 |
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