Fallbrook Chamber Of Commerce
- Assets
- $498.8k
- Revenue
- $491.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Fallbrook, CA
- Founding
- 04/1972
- Data as of
- 06/2022
- EIN
- 95-1974692
Organization Overview
Fallbrook Chamber Of Commerce is located in Fallbrook, CA. The organization was established in 1972. 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 06/2022, Fallbrook Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fallbrook 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 06/2022, Fallbrook Chamber Of Commerce generated $491.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $441.1k during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE FALLBROOK CHAMBER OF COMMERCE PROVIDES MANY SERVICES TO BUSINESS MEMBERS AND RESIDENTS OF THE COMMUNITY. THE GOAL IS TO SUPPORT BUSINESSES IN THEIR QUEST TO GROW AND PROSPER. A STRONG AND DIVERSE BUSINESS BASE WITH THE COMMUNITY PROVIDES ADDITIONAL OPPORTUNITIES FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FALLBROOK CHAMBER CELEBRATES THE HOLIDAY SEASON WITH A HOLIDAY PARADE THROUGH THE STREETS OF DOWNTOWN FALLBROOK. THIS EVENT BRINGS THE COMMUNITY OF FALLBROOK TOGETHER IN CELEBRATION.
THE FALLBROOK CHAMBER OF COMMERCE SERVES OVER 500 BUSINESSES IN FALLBROOK, RAINBOW AND SURROUNDING AREAS. IT OFFERS OPPORTUNITIES FOR MEMBERS TO MEET AND NETWORK WITH OTHER BUSINESS PROFESSIONALS.
THE FALLBROOK CHAMBER ADVERTISES BUSINESSES IN THE FALLBROOK COMMUNITY TO RESIDENTS AND NEW PEOPLE MOVING INTO THE COMMUNITY. THE GOAL IS TO PROMOTE THE LOCAL BUSINESSES AND BUSINESS OWNERS IN THE TOWN OF FALLBROOK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nara-Lila Hargrove Executive Director | 45 | $73,740 | |
Kim Murray Director | OfficerTrustee | 2 | $0 |
Mike Perdue Vice President | OfficerTrustee | 2 | $0 |
Deborah Zoller Secretary | Officer | 2 | $0 |
Nicholas Beye President | Officer | 2 | $0 |
Marianne Nolte Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,141 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $102,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,461 |
| Total Program Service Revenue | $64,669 |
| Investment income | $828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,635 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $219,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $378 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $491,014 |
| 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. | $73,740 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,721 |
| Office expenses | $2,635 |
| Information technology | $12,367 |
| Royalties | $0 |
| Occupancy | $59,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,772 |
| Insurance | $24,146 |
| All other expenses | $74,353 |
| Total functional expenses | $441,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,698 |
| Savings and temporary cash investments | $248,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,538 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $23,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,985 |
| Total assets | $498,770 |
| Accounts payable and accrued expenses | $38,772 |
| 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 | $0 |
| Total liabilities | $38,772 |
| Net assets without donor restrictions | $459,998 |
| 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 | $498,770 |
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