Murrieta Chamber Of Commerce
- Assets
- $487.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Murrieta, CA
- Founding
- 05/1965
- Data as of
- 12/2022
- EIN
- 95-6111677
Organization Overview
Murrieta Chamber Of Commerce is located in Murrieta, CA. The organization was established in 1965. 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, Murrieta Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Murrieta 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, Murrieta Chamber Of Commerce generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE AND MISSION OF THE MURRIETA / WILDOMAR CHAMBER OF COMMERCE IS TO ENHANCE AND SUPPORT THE GROWTH AND DEVELOPMENT OF ITS MEMBERS. THE CHAMBER WORKS TO CREATE AND MAINTAIN A FAVORABLE ENVIRONMENT FOR BUSINESSES IN THE CITIES OF MURRIETA AND WILDOMAR, AS A MEANS TO ENHANCE SOCIOECONOMIC WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADVERTISING, MARKETING, RESOURCES, AND PROMOTIONAL SERVICES TO OUR MEMBERS. THIS INCLUDES ADVERTISING TO OUR LOCAL COMMUNITY, AS WELL AS PROVIDING BUSINESSES WITH THE RESOURCES AND TOOLS NECESSARY TO MANAGE SUCCESSFUL VENTURES.
THE BREAKFASTS, LUNCHEONS, AND OTHER NETWORKING MIXERS ARE HELD ON A REGULAR BASIS TO PROVIDE INFORMATION ABOUT COMMUNITY FUNCTIONS AND AN OPPORTUNITY FOR NETWORKING AMONG THE MEMBERS. SEVERAL VIRTUAL MONTHLY NETWORKING BREAKFASTS AND OTHER MIXERS WERE HELD, BRINGING TOGETHER HUNDREDS OF BUSINESSES TO THE MURRIETA / WILDOMAR COMMUNITY.
BUSINESS EDUCATION AND LEARNING EVENTS ALLOW MEMBERS TO GAIN GREATER UNDERSTANDING OF BEST PRACTICES IN CONDUCTING BUSINESS IN THE COMMUNITY, AS WELL AS AN UNDERSTANDING OF THE BUSINESS ENVIRONMENT. THESE INCLUDE THE STATE OF THE CITY, ECONOMIC OUTLOOK, WEBSITE WORKSHOPS, AND OTHER INFORMATIVE EVENTS.
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 |
|---|---|---|---|
Patrick Ellis CEO | Officer | 40 | $170,658 |
Eddie Binder Director | Trustee | 5 | $0 |
Erik Mcleod Past Chair | OfficerTrustee | 5 | $0 |
Michael Klein Treasurer | OfficerTrustee | 3 | $0 |
Daneen Ashworth Chairman | OfficerTrustee | 3 | $0 |
Nicole Albrecht Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Custom Corporate Communications Workforce Training | 12/30/22 | $189,139 |
Western Training Group Llc Workforce Training | 12/30/22 | $75,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $285,241 |
| Fundraising events | $26,550 |
| Related organizations | $0 |
| Government grants | $328,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $794,857 |
| Total Program Service Revenue | $268,531 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,450 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,810 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,900 |
| 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. | $234,707 |
| Compensation of current officers, directors, key employees. | $93,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,751 |
| Pension plan accruals and contributions | $4,255 |
| Other employee benefits | $17,237 |
| Payroll taxes | $28,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,736 |
| Advertising and promotion | $625 |
| Office expenses | $15,353 |
| Information technology | $8,271 |
| Royalties | $0 |
| Occupancy | $90,751 |
| Travel | $19,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,321 |
| Interest | $5,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,161 |
| Insurance | $1,137 |
| All other expenses | $27,373 |
| Total functional expenses | $1,098,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,169 |
| Savings and temporary cash investments | $42,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,402 |
| 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 | $12,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $487,814 |
| Accounts payable and accrued expenses | $63,526 |
| 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 | $0 |
| Total liabilities | $63,526 |
| Net assets without donor restrictions | $0 |
| 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 | $424,288 |
| Total liabilities and net assets/fund balances | $487,814 |
Grants Awarded
Over the last fiscal year, Murrieta Chamber Of Commerce has awarded $14,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWEST CA LEGISLATIVE COUN PURPOSE: Public Policy Research/Education | $8,000 |
STUDENT OF THE MONTH PROGRAM PURPOSE: Student awards and scholarships | $6,900 |