Civic Intelligence

Carlsbad Chamber of Commerce Inc

EIN 85-0026470 • 501(c)6 • Carlsbad, NM

Profile

To provide leadership, guidance and support to the business community, to promote economic and community growth in carlsbad, new mexico.

302 S Canal StCarlsbad, NM 88220

www.carlsbadchamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.21x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.13x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

40th percentile

1.4%

Higher net margin than 40% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-3.6%

Faster asset growth than 24% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

3.8%

Faster revenue growth than 44% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,190,896

Down $43,975 (-3.6%) from 2023

Liabilities

Down

$244,642

Down $18,897 (-7.2%) from 2023

Net Assets

Down

$946,254

Down $25,078 (-2.6%) from 2023

Revenue

Up

$1,858,697

Up $67,664 (+3.8%) from 2023

Expenses

Up

$1,832,818

Up $165,750 (+9.9%) from 2023

Net Income

Down

$25,879

Down $98,086 (-79%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2012: $768,119Liabilities 2012: $119,987Net Assets 2012: $648,1322012Assets 2013: $875,344Liabilities 2013: $228,915Net Assets 2013: $646,4292013Assets 2014: $818,745Liabilities 2014: $150,403Net Assets 2014: $668,3422014Assets 2015: $821,035Liabilities 2015: $93,217Net Assets 2015: $727,8182015Assets 2016: $813,249Liabilities 2016: $50,572Net Assets 2016: $762,6772016Assets 2017: $853,426Liabilities 2017: $76,163Net Assets 2017: $777,2632017Assets 2018: $911,145Liabilities 2018: $94,075Net Assets 2018: $817,0702018Assets 2019: $909,675Liabilities 2019: $94,671Net Assets 2019: $815,0042019Assets 2020: $1,028,094Liabilities 2020: $204,623Net Assets 2020: $823,4712020Assets 2021: $1,034,181Liabilities 2021: $265,817Net Assets 2021: $768,3642021Assets 2022: $1,120,584Liabilities 2022: $317,162Net Assets 2022: $803,4222022Assets 2023: $1,234,871Liabilities 2023: $263,539Net Assets 2023: $971,3322023Assets 2024: $1,190,896Liabilities 2024: $244,642Net Assets 2024: $946,2542024

Highlighted filing

2024

Assets$1,190,896
Liabilities$244,642
Net Assets$946,254

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $1,057,162Expenses 2012: $1,024,973Net Income 2012: $32,1892012Revenue 2013: $988,174Expenses 2013: $989,877Net Income 2013: -$1,7032013Revenue 2014: $1,072,755Expenses 2014: $1,050,842Net Income 2014: $21,9132014Revenue 2015: $1,126,185Expenses 2015: $1,066,709Net Income 2015: $59,4762015Revenue 2016: $1,238,693Expenses 2016: $1,203,834Net Income 2016: $34,8592016Revenue 2017: $1,177,676Expenses 2017: $1,146,711Net Income 2017: $30,9652017Revenue 2018: $1,192,134Expenses 2018: $1,152,327Net Income 2018: $39,8072018Revenue 2019: $1,265,812Expenses 2019: $1,267,878Net Income 2019: -$2,0662019Revenue 2020: $1,445,712Expenses 2020: $1,437,245Net Income 2020: $8,4672020Revenue 2021: $986,133Expenses 2021: $1,041,240Net Income 2021: -$55,1072021Revenue 2022: $1,561,038Expenses 2022: $1,525,980Net Income 2022: $35,0582022Revenue 2023: $1,791,033Expenses 2023: $1,667,068Net Income 2023: $123,9652023Revenue 2024: $1,858,697Expenses 2024: $1,832,818Net Income 2024: $25,8792024

Highlighted filing

2024

Revenue$1,858,697
Expenses$1,832,818
Net Income$25,879

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$1,858,697
Mission and Program Overview

Mission

To provide leadership, guidance and support to the business community, to promote economic and community growth in carlsbad, new mexico

To provide leadership, guidance, and support to the business community for the promotion of economic and community growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$619,475$559,015▼ $60,460
Cash and Non-Interest-Bearing Accounts$460,858$403,429▼ $57,429
Accounts Receivable$71,355$206,524▲ $135,169
Prepaid Expenses and Deferred Charges$21,928$21,928→ $0
Total Assets$1,234,871$1,190,896▼ $43,975
Other Assets Total$61,255--
Liabilities
Accounts Payable and Accrued Expenses$125,712$125,934▲ $222
Other Liabilities$18,330$70,227▲ $51,897
Mortgage Notes Payable Secured by Investment Property$74,135$48,481▼ $25,654
Deferred Revenue$45,362--
Total Liabilities$263,539$244,642▼ $18,897
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$971,332$946,254▼ $25,078
Total Net Assets Fund Balance$971,332$946,254▼ $25,078
Total Liabilities and Net Assets / Fund Balance$1,234,871$1,190,896▼ $43,975

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$291,667$298,633$590,300
Equipment$213,465$227,434$440,899
Land$53,883-$53,883
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,019,630
Program Service Revenue
$832,764
Investment Income
$0
Other Revenue
$6,303
All Other Contributions
$192,500
Change in Net Assets
$25,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,280,648
Salaries, Compensation, and Employee Benefits$552,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$467,446$38,058-$505,504
Other Salaries and Wages$64,031$432,528-$496,559
All Other Expenses$88,894$44,514-$133,408
Occupancy$60,544$21,499-$82,043
Depreciation Depletion$21,313$35,747-$57,060
Other Expenses$49,372$15,947-$49,372
Payroll Taxes$4,617$39,707-$44,324
Office Expenses$5,042$36,619-$41,661
Insurance$1,218$37,885-$39,103
Other Employee Benefits$72$11,215-$11,287
Interest-$4,712-$4,712
Total Functional Expenses$1,049,455$783,363$0$1,832,818
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$30,759
Payroll Liabilities$23,363
Development Fund$16,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization provides a copy of form 990 to its board of directors at their monthly meeting prior to filing the form. At this meeting the board reviews and approves the form 990 for filing with the irs.

Form 990, Page 6, Part VI, Line 12C

The board of directors review all transactions of the organization on a monthly basis to monitor and enforce compliance with all written policies, including the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The organization selects committee each year to evaluate employee compensation. The committee reports recommendations to the board of directors. The board of directors reviews the commmittee's recommendations and votes to approve all employee compensation including the ceo's compensation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, policies and financial information is available to the public upon request. Anyone may review the documents at the business office during regular business hours.

Filing and Contact Details

Filer

Filer Name
Carlsbad Chamber of Commerce Inc
EIN
85-0026470
Phone
5758876516
Address
302 S CANAL ST, CARLSBAD, NM 88220

Signing Officer

Name
Chad Ingram
Title
CEO
Phone
5758876516
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Khush Ghadiali
Formed
1947
Legal Domicile
Nm
Voting Board Members
13
Independent Board Members
13
Employees
24

Preparer

Firm
Beasley Mitchell & Co Llp
Address
PO DRAWER 550, LAS CRUCES, NM 88004-0550
Preparer
Bradley M Beasley CPA
Phone
5755286700
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/BookValueAmt0213465
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0227434
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0440899
IRS990ScheduleD/LandGrp/BookValueAmt053883
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF FORM 990 TO ITS BOARD OF DIRECTORS AT THEIR MONTHLY MEETING PRIOR TO FILING THE FORM. AT THIS MEETING THE BOARD REVIEWS AND APPROVES THE FORM 990 FOR FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEW ALL TRANSACTIONS OF THE ORGANIZATION ON A MONTHLY BASIS TO MONITOR AND ENFORCE COMPLIANCE WITH ALL WRITTEN POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION SELECTS COMMITTEE EACH YEAR TO EVALUATE EMPLOYEE COMPENSATION. THE COMMITTEE REPORTS RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS THE COMMMITTEE'S RECOMMENDATIONS AND VOTES TO APPROVE ALL EMPLOYEE COMPENSATION INCLUDING THE CEO'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST. ANYONE MAY REVIEW THE DOCUMENTS AT THE BUSINESS OFFICE DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/USAddress/AddressLine1Txt0302 S CANAL ST
IRS990/USAddress/CityNm0CARLSBAD
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088220
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAD INGRAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05758876516
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARLSBAD CHAMBER OF COMMERCE INC
ReturnHeader/Filer/BusinessNameControlTxt0CARL
ReturnHeader/Filer/EIN0850026470
ReturnHeader/Filer/PhoneNum05758876516
ReturnHeader/Filer/USAddress/AddressLine1Txt0302 S CANAL ST
ReturnHeader/Filer/USAddress/CityNm0CARLSBAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0850366848
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEASLEY MITCHELL & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO DRAWER 550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS CRUCES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0880040550
ReturnHeader/PreparerPersonGrp/PhoneNum05755286700
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY M BEASLEY CPA
ReturnHeader/ReturnTs02025-05-15T17:13:00-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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