La Verne Chamber Of Commerce
- Assets
- $45.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- La Verne, CA
- Founding
- 11/1942
- Data as of
- 06/2021
- EIN
- 95-2537721
Organization Overview
La Verne Chamber Of Commerce is located in La Verne, CA. The organization was established in 1942. 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. LA Verne 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 06/2021, LA Verne Chamber Of Commerce generated $123.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $116.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE OPPORTUNITIES FOR BUSINESS TO GROW AND PROSPER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Skinner Executive Director | 40 | $43,378 | |
Morgan Sternquist Chair Elect | 5 | $0 | |
Michael Mergil Chairman | 10 | $0 | |
Tina Henton Treasurer | 5 | $0 | |
Teri Muse Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $43,960 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $24,295 |
| Total Revenue | $123,255 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,055 |
| Professional fees and other payments to independent contractors | $782 |
| Occupancy, rent, utilities, and maintenance | $11,261 |
| Printing, publications, postage, and shipping | $337 |
| Other expenses | $35,170 |
| Total expenses | $116,605 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,298 |
| Other assets | $0 |
| Total assets | $45,043 |
| Total liabilities | $0 |
| Net assets or fund balances | $45,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
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 |