Montrose-Verdugo City Chamber Of Commerce
- Assets
- $4.6k
- Revenue
- $62.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Glendale, CA
- Founding
- 07/1980
- Data as of
- 12/2021
- EIN
- 95-3254435
Organization Overview
Montrose-Verdugo City Chamber Of Commerce is located in Glendale, CA. The organization was established in 1980. 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. Montrose-Verdugo City 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, Montrose-Verdugo City Chamber Of Commerce generated $62.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $57.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
SUPPORT LOCAL BUSINESS COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS SUPPORT. THE CHAMBER PROVIDES A PORTION OF THE EXPENSES TO SUPPORT AND EDUCATE LOCAL BUSINESS WITHIN THE COMMUNITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Marshall Director | Officer | 0 | $0 |
Kristi Cohen Director | Officer | 0 | $0 |
Adam Franko Treasure | Officer | 0 | $0 |
Mavil Aghadjanian Executive Director | Officer | 40 | $0 |
Melina Shahbazian Director | Officer | 0 | $0 |
Rodney Mardirosian Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,940 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,657 |
| Total Program Service Revenue | $21,766 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,361 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,804 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,030 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $160 |
| Office expenses | $2,355 |
| Information technology | $4,214 |
| Royalties | $0 |
| Occupancy | $8,269 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,929 |
| All other expenses | $32 |
| Total functional expenses | $57,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,702 |
| Savings and temporary cash investments | $69 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$865 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$11,327 |
| Total assets | $4,579 |
| Accounts payable and accrued expenses | -$1,440 |
| 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 | -$1,601 |
| Total liabilities | -$3,041 |
| Net assets without donor restrictions | $7,620 |
| 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 | $4,579 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Monterey County Destination Monterey, CA | $3,905,890 | $8,986,983 |
Team San Jose San Jose, CA | $3,878,197 | $2,539,314 |
Mammoth Lakes Tourism Mammoth Lakes, CA | $11,084,402 | $8,902,762 |
D F A Of California Sacramento, CA | $11,390,800 | $8,118,200 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
Western Growers Assn Irvine, CA | $76,133,560 | $13,363,556 |