Civic Intelligence

Escondido Chamber of Commerce

990 • Fiscal year 2015 • EIN 95-0718345

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 29, 2016

720 N BroadwayEscondido, CA 92025

(760) 745-2125

Siviq Scores

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

Liabilities / Assets

94th percentile

0.82x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

1.99x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

12th percentile

-11%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$63,748

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

33rd percentile

-2.1%

Faster asset growth than 33% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2015

Revenue Growth

10th percentile

-18%

Faster revenue growth than 10% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2015

Assets

Down

$676,848

Down $29,699 (-4.2%) from 2013

Net Assets

Up

$121,977

Up $2,074 (+1.7%) from 2013

Liabilities

Down

$554,871

Down $31,773 (-5.4%) from 2013

Revenue

Down

$278,892

Down $137,246 (-33%) from 2013

Expenses

Down

$310,341

Down $39,126 (-11%) from 2013

Net Income

Down

-$31,449

Down $98,120 (-147%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $693,751Liabilities 2011: $635,978Net Assets 2011: $57,7732011Assets 2012: $665,869Liabilities 2012: $597,540Net Assets 2012: $68,3292012Assets 2013: $706,547Liabilities 2013: $586,644Net Assets 2013: $119,9032013Assets 2015: $676,848Liabilities 2015: $554,871Net Assets 2015: $121,9772015Assets 2016: $645,443Liabilities 2016: $527,738Net Assets 2016: $117,7052016Assets 2017: $647,920Liabilities 2017: $503,767Net Assets 2017: $144,1532017Assets 2018: $687,954Liabilities 2018: $504,156Net Assets 2018: $183,7982018Assets 2019: $624,965Liabilities 2019: $481,665Net Assets 2019: $143,3002019Assets 2020: $683,992Liabilities 2020: $656,305Net Assets 2020: $27,6872020Assets 2021: $593,226Liabilities 2021: $640,582Net Assets 2021: -$47,3562021Assets 2022: $568,539Liabilities 2022: $698,803Net Assets 2022: -$130,2642022Assets 2023: $480,786Liabilities 2023: $804,024Net Assets 2023: -$323,2382023Assets 2024: $509,926Liabilities 2024: $817,063Net Assets 2024: -$307,1372024

Highlighted filing

2015

Assets$676,848
Liabilities$554,871
Net Assets$121,977

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $410,132Expenses 2011: $434,557Net Income 2011: -$24,4252011Revenue 2012: $412,681Expenses 2012: $402,125Net Income 2012: $10,5562012Revenue 2013: $416,138Expenses 2013: $349,467Net Income 2013: $66,6712013Revenue 2015: $278,892Expenses 2015: $310,341Net Income 2015: -$31,4492015Revenue 2016: $301,520Expenses 2016: $305,792Net Income 2016: -$4,2722016Revenue 2017: $309,964Expenses 2017: $283,516Net Income 2017: $26,4482017Revenue 2018: $298,895Expenses 2018: $259,250Net Income 2018: $39,6452018Revenue 2019: $258,972Expenses 2019: $299,470Net Income 2019: -$40,4982019Revenue 2020: $186,535Expenses 2020: $302,148Net Income 2020: -$115,6132020Revenue 2021: $215,336Expenses 2021: $290,379Net Income 2021: -$75,0432021Revenue 2022: $354,904Expenses 2022: $481,686Net Income 2022: -$126,7822022Revenue 2023: $336,073Expenses 2023: $529,047Net Income 2023: -$192,9742023Revenue 2024: $248,988Expenses 2024: $232,887Net Income 2024: $16,1012024

Highlighted filing

2015

Revenue$278,892
Expenses$310,341
Net Income-$31,449
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 29, 2016
Return Version
2014v6.0
Gross Receipts
$379,709
Mission and Program Overview

Mission

The Chamber is the voice of business in Escondido providing leadership and guidance for small business community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$610,555$588,881▼ $21,674
Cash and Non-Interest-Bearing Accounts$81,519$74,136▼ $7,383
Accounts Receivable$3,814$6,831▲ $3,017
Intangible Assets$6,495$6,270▼ $225
Prepaid Expenses and Deferred Charges$1,096$730▼ $366
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$703,479$676,848▼ $26,631
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$535,471$521,481▼ $13,990
Deferred Revenue$10,499$16,620▲ $6,121
Accounts Payable and Accrued Expenses$2,701$13,573▲ $10,872
Other Liabilities$1,383$3,197▲ $1,814
Total Liabilities$550,054$554,871▲ $4,817
Net Assets / Fund Balance
Unrestricted Net Assets$153,425$121,977▼ $31,448
Total Net Assets Fund Balance$153,425$121,977▼ $31,448
Total Liabilities and Net Assets / Fund Balance$703,479$676,848▼ $26,631

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$542,701$207,085$749,786
Other Land Buildings$20,656$27,546$48,202
Equipment$18,680$10,524$29,204
Leasehold Improvements$2,044$3,125$5,169
Land$4,800-$4,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rorie JohnstonPresident & CEOFT$63,748$63,748

Board Members and Trustees

NameTitle
Alicia ReevesBoard Chair
Jerry KaufmanBoard Chair
Jill LitschewskiBoard Chair
Kevin SvetichBoard Chair
Rosa RuizBoard Chair
Scott LiljegrenBoard Chair
Fred BaranowskiPast Chair
Brian MurphyBoard Director
Constance LarsenBoard Director
Damien OsipBoard Director
Dan MeyerBoard Director
Dr Derry ConnollyBoard Director
Ernie CowanBoard Director
Joel BrownBoard Director
Paul SmithBoard Director
Steve BoyleBoard Director
Sylvanus AisabonghiBoard Director
Wendy WilsonBoard Director
Jon HudsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,886
Program Service Revenue
$85,845
Investment Income
$0
Other Revenue
$52,161
Change in Net Assets
$-31,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$174,944
Salaries, Compensation, and Employee Benefits$135,397
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$65,158
Other Salaries and Wages$45,847$15,282-$61,129
All Other Expenses$17,600$6,820-$24,420
Depreciation Depletion$16,425$5,474-$21,899
Interest$15,208$5,069-$20,277
Other Expenses$8,621$2,873-$11,494
Office Expenses$7,343$2,447-$9,790
Insurance$7,256$2,418-$9,674
Payroll Taxes$6,833$2,277-$9,110
Information Technology$5,280$1,760-$7,040
Conferences and Meetings$3,878$1,292-$5,170
Fees for Services Accounting$1,301$433-$1,734
Travel$958$319-$1,277
Advertising$524$174-$698
Total Functional Expenses$190,678$54,505$0$310,341
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$157,325
Fundraising Direct Expenses$100,817
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Street Faires$147,721$147,721$96,238$51,483
Other Misc Events$9,604$9,604$4,579$5,025
Total Events$157,325$157,325$100,817$56,508
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent deposit$1,725
Due to Ambassadors$1,464
College connections$7
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Chamber has a governing body made up of 8 members sitting on the executive committee and 11 members who make up the board of directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 will be reviewed by the Executive Board prior to filing.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Board of Directors reviews compensation arrangements.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board of Directors reviews compensation arrangements.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Information is provided upon written request.

Filing and Contact Details

Filer

Filer Name
Escondido Chamber of Commerce
EIN
95-0718345
Address
720 N Broadway, Escondido, CA 92025

Signing Officer

Name
John Hudson
Title
Treasurer
Signed
2016-03-29
Discuss with paid preparer
Yes

Organization Details

Formed
1910
Legal Domicile
CA
Voting Board Members
20
Independent Board Members
20
Employees
4

Preparer

Firm
Vander Spek & Corsello CPAs
Address
350 West Fifth Ave Suite 300, Escondido, CA 92025-4865
Preparer
James K Vander Spek CPA
Phone
7607412659
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

rounding = $1

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IRS990/Form990PartVIISectionAGrp/PersonNm19Rorie Johnston
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Director
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