Form 990 for tax year 2023
Filed by SIMI VALLEY CHAMBER OF COMMERCE.
Totals
- Total revenue
- $2,453,178
- Total expenses
- $2,544,203
- Contributions and grants received
- $421,148
- Grants paid
- $0
- Program service revenue
- $1,938,761
- Investment income
- $13,006
- Other revenue
- $80,263
- Total assets, end of year
- $834,829
- Total liabilities, end of year
- $170,589
- Net assets or fund balances, end of year
- $664,240
- Program services expenses (Part IX)
- $1,844,766
- Management and general expenses
- $699,282
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,844,766
Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$229,994
-
1e · Government grants (contributions)
$191,154
-
2a · Program service revenue: CONFERENCES & CONVENTIONS
total $39,489 · related or exempt $39,489
-
2b · Program service revenue: LEADERSHIP PROGRAM
total $37,325 · related or exempt $37,325
-
2c · Program service revenue: LITTLE HOUSE PRAIRIE 50TH
total $1,189,925 · related or exempt $1,189,925
-
2d · Program service revenue: TOURISM ALLIANCE
total $386,801 · related or exempt $386,801
-
2e · Program service revenue: TRADE FAIRS
total $258,924 · related or exempt $258,924
-
2f · All other program service revenue
total $26,297 · related or exempt $18,714 · unrelated business $7,583
-
3 · Investment income
total $13,006 · related or exempt $13,006
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OFFICE INCOME
total $80,263 · related or exempt $80,263
-
11e · Other revenue, total
$80,263
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $85,000 · management and general $85,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $306,745 · management and general $306,745
-
8 · Pension plan contributions
total $6,155 · management and general $6,155
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $40,133 · management and general $40,133
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,680 · management and general $5,680
-
11c · Fees: accounting
total $3,600 · management and general $3,600
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $21,640 · management and general $21,640
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $67,476 · management and general $67,476
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $6,309 · management and general $6,309
-
20 · Interest
total $13,650 · management and general $13,650
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $155
-
23 · Insurance
total $73,856 · management and general $73,856
-
24a · Other expenses: PROGRAM EXPENSES
total $1,844,766 · program services $1,844,766
-
24b · Other expenses: Printing and Publications
total $18,830 · management and general $18,830
-
24c · Other expenses: COMPUTER
total $15,944 · management and general $15,944
-
24d · Other expenses: CREDIT CARD PROCESSING
total $15,037 · management and general $15,037
-
24e · All other expenses
total $19,227 · management and general $19,227
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $120,082 · end of year $226,969
-
2 · Savings and temporary cash investments
beginning of year $796,097 · end of year $607,428
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$66,800
-
10b · Land, buildings and equipment: accumulated depreciation
$66,369
-
10c · Land, buildings and equipment, net
beginning of year $586 · end of year $431
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $1
-
25 · Other liabilities
beginning of year $161,500 · end of year $170,589
-
31 · Retained earnings, endowment or other funds
beginning of year $755,265 · end of year $664,240
Mission and programs · 2023
Mission
THE CHAMBER OF COMMERCE IS A BROAD-BASED FEDERATION OF BUSINESS, INDUSTRIAL, PROFESSIONAL FIRMS AND INTERESTED INDIVIDUALS ORGANIZED TO ENHANCE SIMI VALLEY'S ECONOMIC HEALTH THROUGH VARIOUS PROGRAMS & COMMUNITY PROJECTS.
-
THE CHAMBER CONTINUED ITS FUNCTIONS AS SIMI VALLEY VISITOR'S CENTER FOR THE BENEFIT OF THE PUBLIC BOTH WITHIN AND WITHOUT THE CITY. THE CHAMBER PUBLISHED NUMEROUS PUBLICATIONS TO INFORM THE PUBLIC OF THE RESOURCES AVAILABLE TO THEM AND THE MEMBERS THAT PROVIDED THOSE RESOURCES
Expenses $1,699,641
-
THE CHAMBER ORGANIZED A ONE-DAY STREET FAIR TO PROMOTE MEMBERS TO GENERAL PUBLIC.
Expenses $96,145
-
NETWORKING BREAKFASTS, BUSINESS DEVELOPMENT LUNCHEONS, RIBBON CUTTINGS, AND OTHER NETWORKING EVENTS.
Expenses $48,980
As filed on the 2023 return.
Listed in Part VII
-
Paul GoodnoughPAUL GOODNOUGH
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Karen TroopKAREN TROOP
CFO
- Total calculated
- $0
- Hours/week
- 0
-
Michelle LiddellMICHELLE LIDDELL
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 0
-
Kailey CraigKAILEY CRAIG
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Kathi Van EttenKATHI VAN ETTEN
CEO
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511349349311461
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