Goleta Valley Chamber Of Commerce
- Assets
- $436.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Goleta, CA
- Founding
- 06/1951
- Data as of
- 12/2021
- EIN
- 95-2275198
Organization Overview
Goleta Valley Chamber Of Commerce is located in Goleta, CA. The organization was established in 1951. 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, Goleta Valley Chamber Of Commerce employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goleta Valley 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, Goleta Valley Chamber Of Commerce generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 14.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SANTA BARBARA SOUTH COAST CHAMBER OF COMMERCE IS TO CREATE A STRONG LOCAL ECONOMY, PROMOTE THE COMMUNITY, PROVIDE BUSINESS RESOURCES AND NETWORKING OPPORTUNITIES AND REPRESENT BUSINESS TO THE GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ADVOCACY AND SUPPORT - VARIOUS MEETING MIXERS TO FOSTER BUSINESS RELATIONS IN THE GOLETA, SANTA BARBARA AND CARPINTERIA AREA, GENERAL BUSINESS ADVOCACY IN THE COMMUNITY. DAILY STAFF AND OFFICE SUPPORT OF THESE EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Miller President & CEO | Trustee | 40 | $182,375 |
Cortney M Hebert COO | Trustee | 40 | $125,575 |
Michele Schneider Dir Bus Develop | Trustee | 40 | $109,475 |
Anne Pazier Vice Chair | OfficerTrustee | 1 | $0 |
Tony Vallejo Co-Treasurer | OfficerTrustee | 1 | $0 |
Sachi Thompson Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $529,592 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $331,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,124,502 |
| Total Program Service Revenue | $257,622 |
| Investment income | $543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $302,780 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,767,681 |
| 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. | $182,375 |
| Compensation of current officers, directors, key employees. | $36,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $732,930 |
| Pension plan accruals and contributions | $14,791 |
| Other employee benefits | $99,493 |
| Payroll taxes | $68,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,500 |
| Advertising and promotion | $250,757 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,367 |
| Travel | $715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,395 |
| Insurance | $39,380 |
| All other expenses | $22,988 |
| Total functional expenses | $1,670,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,964 |
| 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 | $15,235 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $436,768 |
| 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 | $433,500 |
| Other liabilities | $54,146 |
| Total liabilities | $487,646 |
| Net assets without donor restrictions | -$50,878 |
| 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 | $436,768 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Goleta Valley Chamber Of Commerce has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: PUBLIC AND SOCIETAL BENEFIT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |