Civic Intelligence

Summit County Chamber of Commerce

990 • Fiscal year 2017 • EIN 84-0835598

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 01, 2017

PO Box 5450Frisco, CO 80443

(970) 668-4776

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.08x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.08x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

70th percentile

11%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

80th percentile

24%

Faster asset growth than 80% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

23%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$200,801

Up $39,023 (+24%) from 2016

Net Assets

$184,362

No earlier filing loaded for comparison.

Liabilities

Up

$16,439

Up $3,649 (+29%) from 2016

Revenue

Up

$203,294

Up $38,463 (+23%) from 2016

Expenses

Up

$181,182

Up $37,338 (+26%) from 2016

Net Income

Up

$22,112

Up $1,125 (+5.4%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $31,546Liabilities 2010: $19,041Net Assets 2010: $12,5052010Assets 2011: $40,660Liabilities 2011: $8,177Net Assets 2011: $32,4832011Assets 2012: $55,071Liabilities 2012: $02012Assets 2013: $82,341Liabilities 2013: $02013Assets 2014: $112,397Liabilities 2014: $02014Assets 2015: $132,834Liabilities 2015: $4,8332015Assets 2016: $161,778Liabilities 2016: $12,7902016Assets 2017: $200,801Liabilities 2017: $16,439Net Assets 2017: $184,3622017Assets 2018: $204,219Liabilities 2018: $5,161Net Assets 2018: $199,0582018Assets 2019: $223,446Liabilities 2019: $6,001Net Assets 2019: $217,4452019Assets 2020: $240,315Liabilities 2020: $23,961Net Assets 2020: $216,3542020Assets 2021: $254,199Liabilities 2021: $9,697Net Assets 2021: $244,5022021Assets 2022: $231,159Liabilities 2022: $6,843Net Assets 2022: $224,3162022Assets 2023: $217,785Liabilities 2023: $7,439Net Assets 2023: $210,3462023Assets 2024: $218,053Liabilities 2024: $10,242Net Assets 2024: $207,8112024

Highlighted filing

2017

Assets$200,801
Liabilities$16,439
Net Assets$184,362

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2010: $69,859Expenses 2010: $31,432Net Income 2010: $38,4272010Revenue 2011: $78,622Expenses 2011: $58,944Net Income 2011: $19,6782011Revenue 2012: $100,109Expenses 2012: $77,521Net Income 2012: $22,5882012Revenue 2013: $125,360Expenses 2013: $98,090Net Income 2013: $27,2702013Revenue 2014: $149,569Expenses 2014: $119,513Net Income 2014: $30,0562014Revenue 2015: $150,000Expenses 2015: $134,396Net Income 2015: $15,6042015Revenue 2016: $164,831Expenses 2016: $143,844Net Income 2016: $20,9872016Revenue 2017: $203,294Expenses 2017: $181,182Net Income 2017: $22,1122017Revenue 2018: $213,556Expenses 2018: $198,860Net Income 2018: $14,6962018Revenue 2019: $272,712Expenses 2019: $271,064Net Income 2019: $1,6482019Revenue 2020: $204,286Expenses 2020: $205,368Net Income 2020: -$1,0822020Revenue 2021: $262,863Expenses 2021: $234,722Net Income 2021: $28,1412021Revenue 2022: $236,895Expenses 2022: $257,080Net Income 2022: -$20,1852022Revenue 2023: $270,348Expenses 2023: $306,808Net Income 2023: -$36,4602023Revenue 2024: $349,372Expenses 2024: $349,056Net Income 2024: $3162024

Highlighted filing

2017

Revenue$203,294
Expenses$181,182
Net Income$22,112
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 1, 2017
Return Version
2017v2.2
Gross Receipts
$203,294
Mission and Program Overview

Mission

To ensure business success for our members and to foster community-wide economic vitality by providing resourcesm educational opportunities, and business connections. We unite key stakeholders lead with a clear vision of the future and we support collaborative community efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$101,077$122,212▲ $21,135
Cash and Non-Interest-Bearing Accounts$59,277$67,579▲ $8,302
Accounts Receivable$1,425$9,000▲ $7,575
Prepaid Expenses and Deferred Charges-$2,010-
Total Assets$161,779$200,801▲ $39,022
Liabilities
Deferred Revenue$12,483$16,439▲ $3,956
Accounts Payable and Accrued Expenses$308--
Total Liabilities$12,791$16,439▲ $3,648
Net Assets / Fund Balance
Unrestricted Net Assets$148,988$171,100▲ $22,112
Temporarily Rstr Net Assets-$13,262-
Total Net Assets Fund Balance$148,988$184,362▲ $35,374
Total Liabilities and Net Assets / Fund Balance$161,779$200,801▲ $39,022
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark NunnPast President
Tony PestelloPresident
Allen BacherBoard Member
Corry MihmBoard Member
Dan GibbsBoard Member
Del BushBoard Member
Eric BuckBoard Member
Erin GiglielloBoard Member
Kerstin AndersonBoard Member
Lindsay CottonBoard Member
Meg BoyerBoard Member
Mike SpryBoard Member
Miranda CrawfordBoard Member
Nell WarehamBoard Member
Nora GilbertsonBoard Member
Sean GatzenBoard Member
Stephanie SweeneyBoard Member
Tim ApplegateBoard Member
Holly RobinsonExecutive Board Member
Blair McGarySecretary
Mark McManisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$80,774
Program Service Revenue
$113,879
Investment Income
$7,873
Other Revenue
$768
Change in Net Assets
$22,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,826
Grants and Similar Amounts Paid$5,856
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$80,365--$80,365
Fees for Services Management-$63,129-$63,129
Fees for Services Accounting-$8,923-$8,923
Advertising$1,000$7,000-$8,000
Office Expenses-$6,342-$6,342
Grants to Domestic Individuals$3,692--$3,692
Information Technology$3,669--$3,669
Benefits to Members$3,500--$3,500
Grants to Domestic Orgs$2,164--$2,164
Insurance-$1,398-$1,398
Total Functional Expenses$94,390$86,792$0$181,182
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

The members elect a board of 21, which elects officers and executive committee.

Member election for additional members Part VI line 7A

The members elect a board of 21, which elects officers and executive committee.

Form 990 governing body review Part VI line 11

Form 990 provided to executive committee members for review

CEO executive director top management comp Part VI line 15A

Executive commmittee reviews compensation and recommends to full board for approval.

Other officer or key employee compensation Part VI line 15B

Executive commmittee reviews compensation and recommends to full board for approval.

Governing documents etc available to public Part VI line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Summit County Chamber of Commerce
EIN
84-0835598
Address
PO Box 5450, Frisco, CO 80443

Signing Officer

Name
Mark McManis CPA
Title
Treasurer
Phone
9703684808
Signed
2017-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Pestello
Formed
1987
Legal Domicile
Co
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
40

Preparer

Firm
Frisco Tax & Accounting
Address
PO Box 947, Frisco, CO 80443
Preparer
Mark McManis
Phone
9703684808
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Scholarship fund trasferred from Frisco Chamber of Commerce Inc 61-1412946$13,262

List of other expenses Part IX line 24E

Event expenses $80365

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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03692
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03692
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02164
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02164
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0203294
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt03669
IRS990/InformationTechnologyGrp/TotalAmt03669
IRS990/InsuranceGrp/ManagementAndGeneralAmt01398
IRS990/InsuranceGrp/TotalAmt01398
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt07873
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07873
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/JointCostsInd0X
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt080774
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To ensure business success for our members and to foster community-wide economic vitality by providing resourcesm educational opportunities, and business connections. We unite key stakeholders lead with a clear vision of the future and we support collaborative community efforts.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0148988
IRS990/NetAssetsOrFundBalancesEOYAmt0184362
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06342
IRS990/OfficeExpensesGrp/TotalAmt06342
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt013262
IRS990/OtherExpensesGrp/Desc0Event expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt080365
IRS990/OtherExpensesGrp/TotalAmt080365
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Safety Dividend
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0768
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0768
IRS990/OtherRevenueTotalAmt0768
IRS990/PartialLiquidationInd0false
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02010
IRS990/PrincipalOfficerNm0Tony Pestello
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Community support event
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0113879
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0113879
IRS990/ProgSrvcAccomActy2Grp/Desc0Business mixers
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt029032
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015006
IRS990/ProgSrvcAccomActy3Grp/Desc0Produced Business Excellence Award Dinner to recognize local businesses that excelled in some way. Attended by local business leaders.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt018468
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt015328
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Operated the Country Store at the Frisco BBQ Challenge to assist Town of Frisco in its effort to attact consumers for local businesses.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt010000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt017291
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt076949
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PYInvestmentIncomeAmt0-419
IRS990/PYOtherExpensesAmt092539
IRS990/PYOtherRevenueAmt07430
IRS990/PYProgramServiceRevenueAmt080871
IRS990/PYRevenuesLessExpensesAmt020987
IRS990/PYSalariesCompEmpBnftPaidAmt050805
IRS990/PYTotalExpensesAmt0143844
IRS990/PYTotalRevenueAmt0164831
IRS990/ReconcilationRevenueExpnssAmt022112
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt069965
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0101077
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0122212
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0true
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark Nunn
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Past President
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members elect a board of 21, which elects officers and executive committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The members elect a board of 21, which elects officers and executive committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990 provided to executive committee members for review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Executive commmittee reviews compensation and recommends to full board for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Executive commmittee reviews compensation and recommends to full board for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents are available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Scholarship fund trasferred from Frisco Chamber of Commerce Inc 61-1412946$13,262
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Event expenses $80365
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt013262
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0161779
IRS990/TotalAssetsEOYAmt0200801
IRS990/TotalAssetsGrp/BOYAmt0161779
IRS990/TotalAssetsGrp/EOYAmt0200801
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt080774
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086792
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt094390
IRS990/TotalFunctionalExpensesGrp/TotalAmt0181182
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012791
IRS990/TotalLiabilitiesEOYAmt016439
IRS990/TotalLiabilitiesGrp/BOYAmt012791
IRS990/TotalLiabilitiesGrp/EOYAmt016439
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0148988
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0184362
IRS990/TotalOtherCompensationAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.18$0.10$2.08$3.49$3.49$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.18$0.07$2.10$2.70$3.07$0.36
2022Detailed filing. Detailed filing data is available for this year.$2.31$0.07$2.24$2.37$2.57$0.20
2021Detailed filing. Detailed filing data is available for this year.$2.54$0.10$2.45$2.63$2.35$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.40$0.24$2.16$2.04$2.05$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.23$0.06$2.17$2.73$2.71$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.04$0.05$1.99$2.14$1.99$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.01$0.16$1.84$2.03$1.81$0.22
2016Summary only. Only limited summary data is available for this year.$1.62$0.13$1.65$1.44$0.21
2015Summary only. Only limited summary data is available for this year.$1.33$0.05$1.50$1.34$0.16
2014Summary only. Only limited summary data is available for this year.$1.12$0.00$1.50$1.20$0.30
2013Summary only. Only limited summary data is available for this year.$0.82$0.00$1.25$0.98$0.27
2012Summary only. Only limited summary data is available for this year.$0.55$0.00$1.00$0.78$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.08$0.32$0.79$0.59$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.19$0.13$0.70$0.31$0.38