Temecula Chamber Of Commerce
- Assets
- $1.4m
- Revenue
- $153.6k
- Investments
- $0.0
- Employees
- 20
- Location
- Temecula, CA
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 95-3371407
Organization Overview
Temecula Chamber Of Commerce is located in Temecula, CA. The organization was established in 1984. 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 12/2022, Temecula Chamber Of Commerce employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temecula 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 12/2022, Temecula Chamber Of Commerce generated $153.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $231.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE TEMECULA VALLEY CHAMBER OF COMMERCE IS TO PROMOTE POSITIVE ECONOMIC GROWTH WHILE PROTECTING THE ENVIRONMENT FOR ALL BUSINESSES AND, BY DOING SO, SUPPORT THE PROGRAMS WHICH PRESERVE AND IMPROVE THE QUALITY OF LIFE FOR THE ENTIRE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS GALA DINNER:THIS ANNUAL BLACK TIE EVENT RECOGNIZES BUSINESSES THROUGH CATEGORICAL NOMINATIONS AND AWARDS. FUNDS ARE RAISED THROUGH EVENT SPONSORSHIP, TICKET SALES, AND SILENT AUCTION PROCEEDS. THE AWARDS GALA IS IN ITS 57TH YEAR.
WOMEN IN BUSINESS:THIS IS AN ANNUAL EDUCATIONAL & MOTIVATIONAL EVENT FOR WOMEN IN BUSINESS. IT IS A MIDDAY EVENT THAT ATTRACTS HUNDREDS OF PROFESSIONALS AROUND A LUNCHEON AND RENOWNED PROFESSIONAL SPEAKERS. FUNDS ARE RAISED THROUGH EVENT SPONSORSHIP, TICKET SALES, AND SILENT AUCTION PROCEEDS.
WINE COUNTRY CLASSIC:THIS IS AN ANNUAL FUNDRAISING EVENT VIA A ONE-DAY GOLF TOURNAMENT. THE GOLF TOURNAMENT RAISES FUNDS THROUGH SPONSORSHIPS, PLAYER REGISTRATION FEES, AND OPPORTUNITY DRAWINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Nunn CEO | OfficerTrustee | 40 | $30,503 |
Al Rubio Past Chairman | OfficerTrustee | 2 | $0 |
Mike Noon Chairman | OfficerTrustee | 8 | $0 |
Kim Kelliher 1st Vice Chair | OfficerTrustee | 2 | $0 |
Esther Phahla Treasurer | OfficerTrustee | 4 | $0 |
Jackie Steed Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $72,904 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,904 |
| Total Program Service Revenue | $8,960 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,620 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,636 |
| 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. | $30,503 |
| Compensation of current officers, directors, key employees. | $30,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,375 |
| Advertising and promotion | $2,369 |
| Office expenses | $420 |
| Information technology | $2,134 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,534 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,541 |
| Insurance | $4,281 |
| All other expenses | $19,363 |
| Total functional expenses | $231,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,029 |
| Savings and temporary cash investments | $352,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,711 |
| 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 | $618,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,948 |
| Other assets | $0 |
| Total assets | $1,395,500 |
| Accounts payable and accrued expenses | $486 |
| 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 | $292,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,965 |
| Total liabilities | $372,447 |
| Net assets without donor restrictions | $971,138 |
| Net assets with donor restrictions | $51,915 |
| 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 | $1,395,500 |