Greater Irvine Chamber Of Commerce
- Assets
- $2.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Irvine, CA
- Founding
- 05/1979
- Data as of
- 06/2022
- EIN
- 95-3433541
Organization Overview
Greater Irvine Chamber Of Commerce, operating under the name Destination Irvine, is located in Irvine, CA. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Destination Irvine employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination Irvine 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, Destination Irvine generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 4 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
TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS AND ECONOMIC DEVELOPMENT/DESTINATION IRVINETHE CHAMBER'S ECONOMIC DEVELOPMENT DIVISION WORKS TO ATTRACT NEW BUSINESSES AND RETAIN EXISTING BUSINESSES IN IRVINE, SUPPORTS BUSINESS EXPANSION, FOSTERS NEW BUSINESS INCUBATION, AND SUPPORTS INTERNATIONAL BUSINESS AND TRADE. DESTINATION IRVINE POSITIONS THE CITY AS A DESTINATION FOR VISITORS, MEETINGS, GROUPS, AND SPORTS EVENTS, THROUGH DIRECT SALES EFFORTS INCLUDING ADVERTISING, DATABASE MARKETING, LEAD GENERATION, TRADE SHOW PARTICIPATION, FAMILIARIZATION TOURS, AND PUBLIC RELATIONS. DESTINATION IRVINE OFFERS COMPLIMENTARY PLANNING AND SUPPORT SERVICES TO GROUPS HOLDING EVENTS IN IRVINE.
MEMBERSHIP SERVICES & EVENTSMEMBERSHIP SERVICES RECRUITS AND RETAINS MEMBERS AND OFFERS BUSINESS GROWTH SUPPORT THROUGH ITS LEADS-GENERATION PROGRAM, EDUCATIONAL AND NETWORKING EVENTS, AWARD RECOGNITIONS, AND BY FACILITATING BUSINESS CELEBRATIONS FOR MEMBERS. THE CHAMBER TYPICALLY OFFERS MORE THAN 400 EVENTS ANNUALLY FROM INFORMAL TO SIGNATURE EVENTS THAT ATTRACT FROM 40 TO 800 GUESTS, RESPECTIVELY-PROVIDING NETWORKING, EDUCATIONAL, AND BUSINESS GROWTH OPPORTUNITIES TO CHAMBER MEMBERS AND BUSINESS AND COMMUNITY LEADERS AT LARGE. DUE TO COVID, IN PERSON MEETINGS WERE LIMITED AND MANY EVENTS WERE CHANGED TO VIRTUAL EVENTS.
COMMUNICATIONS & GOVERNMENT AFFAIRS THE CHAMBER'S COMMUNICATIONS STRATEGY FOCUSES ON BRANDING, AWARENESS, AND ENGAGEMENT TO ENHANCE THE VALUE OF THE CHAMBER AND ITS MISSION: TO ADVANCE THE ECONOMIC VITALITY OF GREATER IRVINE. THE CHAMBER COMMUNICATES ITS MISSION, CORE VALUES, AND ACCOMPLISHMENTS TO LOCAL, REGIONAL, NATIONAL, AND GLOBAL AUDIENCES. THE SCOPE OF WORK INCLUDES BRANDING, MARKETING, DIGITAL CONTENT, WEBSITES, PRINT COLLATERAL, NEWS, SOCIAL MEDIA, VIDEO CONTENT, AND MEDIA, MEMBER, AND PUBLIC RELATIONS. THE CHAMBER ALSO ADVOCATES FOR BUSINESS-FRIENDLY LEGISLATION AT THE LOCAL, STATE, AND NATIONAL LEVELS. THE CHAMBER'S GOVERNMENT AFFAIRS COMMITTEE HOLDS REGULAR MEETINGS THAT ARE OPEN TO MEMBERS AND GUESTS TO HEAR REPORTS FROM ELECTED OFFICIALS AND EXPERTS. ITS LEGISLATIVE POLICY HANDBOOK PROVIDES BACKGROUND ON RELEVANT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schultz Treasurer | OfficerTrustee | 0.5 | $0 |
Carlos Oregon Chair | OfficerTrustee | 0.5 | $0 |
Andrew Bernstein Director | Trustee | 0.5 | $0 |
Barry Draskovich Director | Trustee | 0.5 | $0 |
Barry L Rodolff Director | Trustee | 0.5 | $0 |
Brian Montes Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Expedia Travel Advertising | 6/29/22 | $251,998 |
Simpleview Worldwide Inc Database Crm And Web Design | 6/29/22 | $116,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,495,943 |
| Investment income | $3,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,532,412 |
| 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. | $367,243 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $802,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,532 |
| Payroll taxes | $85,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,712 |
| Fees for services: Accounting | $32,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,248 |
| Advertising and promotion | $906,654 |
| Office expenses | $15,725 |
| Information technology | $55,155 |
| Royalties | $0 |
| Occupancy | $246,471 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,315 |
| Interest | $18,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,604 |
| Insurance | $5,227 |
| All other expenses | $66,303 |
| Total functional expenses | $3,099,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,743 |
| Savings and temporary cash investments | $533,834 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $546,596 |
| 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 | $120,204 |
| Net Land, buildings, and equipment | $39,269 |
| Investments—publicly traded securities | $259,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,589,302 |
| Accounts payable and accrued expenses | $133,865 |
| Grants payable | $0 |
| Deferred revenue | $230,128 |
| 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 | $150,000 |
| Other liabilities | $362,716 |
| Total liabilities | $876,709 |
| Net assets without donor restrictions | $815,372 |
| Net assets with donor restrictions | $897,221 |
| 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 | $2,589,302 |