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Nonprofiteer
← BAY AREA CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2023

Filed by BAY AREA CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$195,371
Total expenses
$196,058
Contributions and grants received
$195,157
Grants paid
$0
Program service revenue
$0
Investment income
$214
Other revenue
$0
Total assets, end of year
$632,481
Total liabilities, end of year
$403,841
Net assets or fund balances, end of year
$228,640
Program services expenses (Part IX)
$189,184
Management and general expenses
$6,874
Fundraising expenses
$0
Program service expenses (Part III)
$189,184

Program services were 96.5% 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.

  • 1e · Government grants (contributions)

    $125,454

  • 1f · All other contributions, gifts and grants

    $69,703

  • 3 · Investment income

    total $214 · excluded $214

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,100 · program services $1,100

  • 11g · Fees: other

    total $83,307 · program services $77,057 · management and general $6,250

  • 12 · Advertising and promotion

    total $13,895 · program services $13,895

  • 13 · Office expenses

    total $622 · management and general $622

  • 14 · Information technology

    total $22,113 · program services $22,113

  • 16 · Occupancy

    total $2,100 · program services $2,100

  • 19 · Conferences, conventions and meetings

    total $315 · program services $315

  • 24a · Other expenses: CLASS PROJECTS

    total $62,664 · program services $62,664

  • 24b · Other expenses: PITCH A DREAM

    total $3,123 · program services $3,123

  • 24c · Other expenses: YOUTH LEADERSHIP

    total $3,115 · program services $3,115

  • 24d · Other expenses: TRAINING

    total $2,000 · program services $2,000

  • 24e · All other expenses

    total $1,704 · program services $1,702 · management and general $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $539,261 · end of year $566,402

  • 2 · Savings and temporary cash investments

    beginning of year $16,079 · end of year $16,079

  • 3 · Pledges and grants receivable

    beginning of year $141,324 · end of year $50,000

  • 15 · Other assets

    beginning of year $24,303

  • 19 · Deferred revenue

    beginning of year $467,750 · end of year $350,719

  • 25 · Other liabilities

    beginning of year $23,890 · end of year $53,122

  • 27 · Net assets without donor restrictions

    beginning of year $6,340 · end of year $6,534

  • 28 · Net assets with donor restrictions

    beginning of year $222,987 · end of year $222,106

Mission and programs · 2023

Mission

TO BENEFIT THE BAY AREA CHAMBER OF COMMERCE IN ITS ENDEAVORS.

  • CLASS PROJECT - EACH YEAR THE CLASS HAS A COMMUNITY PROJECT TO BETTER THE AREA.

    Expenses $62,664

  • YOUTH LEADERSHIP PROGRAM - THIS FOSTERS A PROGRAM TO BETTER YOUTH IN THE COMMUNITY

    Expenses $3,115

  • TALENT, ATTRACTION AND RETENTION- THE PURPOSE OF THIS PROGRAM IS TO CREATE A PLATFORM THAT WILL UTILIZE LEADING-EDGE MARKETING STRATEGIES TO POSITION BAY COUNTY AS A DESTINATION FOR QUALIFIED EMPLOYEES, REMOTE WORKERS, AND THOSE SEEKING THE QUALITY OF LIFE IN OUR COMMUNITY.

    Expenses $118,580

  • REALTOR PARK, MINORITY BUSINESS PARTNERSHIP AND OTHER ACTVTIES

    Expenses $4,825

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Stephen Bigelow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Mike Debo

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.15

  • Magen Samyn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.15

  • Larry Ehrlinger

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    0.15

  • Jeff Quast

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.15

  • Mike Stodolak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Heather Gallegos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Todd Clements

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
26 August 2024
IRS schema version
2023v5.0
Source object
202422539349300962

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