Civic Intelligence

Morro Bay Chamber of Commerce

EIN 95-2590040 • 501(c)6 • Morro Bay, CA

Profile

The morro bay chamber of commerce empowers business through connection, advocacy, and education.

695 Harbor StreetMorro Bay, CA 93442

www.morrochamber.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.63x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.31x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

23rd percentile

-19%

Higher net margin than 23% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$29,370

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

26th percentile

-22%

Faster asset growth than 26% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-9.9%

Faster revenue growth than 35% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$120,048

Down $33,257 (-22%) from 2023

Liabilities

Up

$76,181

Up $12,576 (+20%) from 2023

Net Assets

Down

$43,867

Down $45,833 (-51%) from 2023

Revenue

Down

$242,800

Down $26,683 (-9.9%) from 2023

Expenses

Down

$288,633

Down $26,289 (-8.3%) from 2023

Net Income

Down

-$45,833

Down $394 (-0.9%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $68,368Liabilities 2011: $46,182Net Assets 2011: $22,1862011Assets 2012: $51,582Liabilities 2012: $15,337Net Assets 2012: $36,2452012Assets 2013: $28,327Liabilities 2013: $5,286Net Assets 2013: $23,0412013Assets 2014: $32,898Liabilities 2014: $0Net Assets 2014: $32,8982014Assets 2015: $71,817Liabilities 2015: $0Net Assets 2015: $71,8172015Assets 2016: $95,550Liabilities 2016: $8,651Net Assets 2016: $86,8992016Assets 2017: $79,433Liabilities 2017: $8,493Net Assets 2017: $70,9402017Assets 2018: $101,865Liabilities 2018: $3,175Net Assets 2018: $98,6902018Assets 2019: $111,044Liabilities 2019: $4,024Net Assets 2019: $107,0202019Assets 2020: $167,621Liabilities 2020: $67,858Net Assets 2020: $99,7632020Assets 2021: $206,053Liabilities 2021: $66,265Net Assets 2021: $139,7882021Assets 2022: $220,838Liabilities 2022: $66,565Net Assets 2022: $154,2732022Assets 2023: $153,305Liabilities 2023: $63,605Net Assets 2023: $89,7002023Assets 2024: $120,048Liabilities 2024: $76,181Net Assets 2024: $43,8672024

Highlighted filing

2024

Assets$120,048
Liabilities$76,181
Net Assets$43,867

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $248,1992011Expenses 2012: $239,3082012Revenue 2013: $258,676Expenses 2013: $271,880Net Income 2013: -$13,2042013Revenue 2014: $176,758Expenses 2014: $168,078Net Income 2014: $8,6802014Revenue 2015: $146,273Expenses 2015: $107,354Net Income 2015: $38,9192015Revenue 2016: $157,361Expenses 2016: $142,279Net Income 2016: $15,0822016Revenue 2017: $170,187Expenses 2017: $186,146Net Income 2017: -$15,9592017Revenue 2018: $239,776Expenses 2018: $213,699Net Income 2018: $26,0772018Revenue 2019: $121,682Expenses 2019: $115,391Net Income 2019: $6,2912019Revenue 2020: $210,444Expenses 2020: $231,884Net Income 2020: -$21,4402020Revenue 2021: $244,406Expenses 2021: $204,381Net Income 2021: $40,0252021Revenue 2022: $527,677Expenses 2022: $513,192Net Income 2022: $14,4852022Revenue 2023: $269,483Expenses 2023: $314,922Net Income 2023: -$45,4392023Revenue 2024: $242,800Expenses 2024: $288,633Net Income 2024: -$45,8332024

Highlighted filing

2024

Revenue$242,800
Expenses$288,633
Net Income-$45,833

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.20$0.76$0.44$2.43$2.89$0.46
2023Detailed filing. Detailed filing data is available for this year.$1.53$0.64$0.90$2.69$3.15$0.45
2022Detailed filing. Detailed filing data is available for this year.$2.21$0.67$1.54$5.28$5.13$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.06$0.66$1.40$2.44$2.04$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.68$0.68$1.00$2.10$2.32$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.04$1.07$1.22$1.15$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.03$0.99$2.40$2.14$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.08$0.71$1.70$1.86$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.09$0.87$1.57$1.42$0.15
2015Summary only. Only limited summary data is available for this year.$0.72$0.00$0.72$1.46$1.07$0.39
2014Summary only. Only limited summary data is available for this year.$0.33$0.00$0.33$1.77$1.68$0.09
2013Summary only. Only limited summary data is available for this year.$0.28$0.05$0.23$2.59$2.72$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.15$0.36$2.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.46$0.22$2.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$289,931
Mission and Program Overview

Mission

CHAMBER OF COMMERCE

The morro bay chamber of commerce empowers business through connection, advocacy, and education. We hold monthly networking events, educational seminars, and topical forums designed to foster an informed and successful business culture. We advocate for pro-business policies to ensure a thriving local economy. Whether you are looking to relocate, expand, or open a business in morro bay, the chamber is your first stop to connect with local resources and peers. We have a finger on the pulse of city policies, initiatives, and trends and will help to position your venture for success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,614$108,422▼ $25,192
Accounts Receivable$17,616$11,476▼ $6,140
Total Assets$153,305$120,048▼ $33,257
Other Assets Total$2,075$150▼ $1,925
Liabilities
Other Liabilities$62,428$60,954▼ $1,474
Accounts Payable and Accrued Expenses$677$14,727▲ $14,050
Deferred Revenue$500$500→ $0
Total Liabilities$63,605$76,181▲ $12,576
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,700$43,867▼ $45,833
Total Net Assets Fund Balance$89,700$43,867▼ $45,833
Total Liabilities and Net Assets / Fund Balance$153,305$120,048▼ $33,257
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dina LindquistCEOPT$28,269$1,101$29,370

Board Members and Trustees

NameTitle
Lexy JacobsBoard Chair
Bob FowlerBoard Member
Cameron WilsonBoard Member
Denise LoweBoard Member
Jim DuffyBoard Member
Paul BoisclairBoard Member
Ray RiordanBoard Member
Cherise HanssonBoard Vice C
Ryan BlevinsSecretary
Anna PatelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$178,615
Program Service Revenue
$23,086
Investment Income
$0
Other Revenue
$41,099
Change in Net Assets
$-45,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$165,608
Other Expenses$123,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$69,297$69,297-$138,594
Fees for Services Other$17,768$17,768-$35,536
Fees for Services Accounting$10,654$10,655-$21,309
Other Employee Benefits$7,682$7,683-$15,365
Payroll Taxes$5,824$5,825-$11,649
All Other Expenses$3,641$7,004-$10,645
Insurance$3,004$3,005-$6,009
Information Technology$2,648$2,649-$5,297
Other Expenses$3,864$5,679-$3,864
Office Expenses$1,471$1,474-$2,945
Advertising$1,175$1,175-$2,350
Interest$923$923-$1,846
Total Functional Expenses$138,119$150,514$0$288,633
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$88,230
Fundraising Direct Expenses$47,131
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$34,920$34,920$36,381$-1,461
Shop, Sip, and$29,995$29,995$8,112$21,883
Total Events$88,230$88,230$47,131$41,099
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$60,660
Payroll Tax Payable$294
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Page 6, Part VI, Line 11B

Finance committee reviews form 990.

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

SET BY DIRECTORS.

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

Annual meeting of executive committee reviews ceo's compensation. Other chamber of commerce ceo compensation is considered.

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

DETERMINED BY CEO.

Form 990, Page 6, Part VI, Line 19

Governing documents available to public upon request.

Filing and Contact Details

Filer

Filer Name
Morro Bay Chamber of Commerce
EIN
95-2590040
Phone
8057724467
Address
695 HARBOR STREET, MORRO BAY, CA 93442

Signing Officer

Name
Anna Patel
Title
Treasurer
Phone
7147195720
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lexy Jacobs
Formed
1948
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
3

Preparer

Firm
Ross Carreiro Brown Cpas Pc
Address
895 SHASTA AVE, MORRO BAY, CA 93442
Preparer
George G Ross
Phone
8057722808
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Chamber fulfills its mission by connecting business peers to one another, to local leaders, and to community champions.

Form 990, Part IX, Line 11G

Consultants 17,768 17,768 0

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt015365
IRS990/OtherExpensesGrp/Desc0BAD DEBTS
IRS990/OtherExpensesGrp/Desc1FACILITY COSTS
IRS990/OtherExpensesGrp/Desc2PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc3MEMBER APPRECIATION
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15679
IRS990/OtherExpensesGrp/ProgramServicesAmt05679
IRS990/OtherExpensesGrp/ProgramServicesAmt14489
IRS990/OtherExpensesGrp/ProgramServicesAmt23864
IRS990/OtherExpensesGrp/TotalAmt017377
IRS990/OtherExpensesGrp/TotalAmt111358
IRS990/OtherExpensesGrp/TotalAmt24489
IRS990/OtherExpensesGrp/TotalAmt33864
IRS990/OtherLiabilitiesGrp/BOYAmt062428
IRS990/OtherLiabilitiesGrp/EOYAmt060954
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069297
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt069297
IRS990/OtherSalariesAndWagesGrp/TotalAmt0138594
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05825
IRS990/PayrollTaxesGrp/ProgramServicesAmt05824
IRS990/PayrollTaxesGrp/TotalAmt011649
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LEXY JACOBS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023086
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CHAMBER FULFILLS ITS MISSION BY CONNECTING BUSINESS PEERS TO ONE ANOTHER, TO LOCAL LEADERS, AND TO COMMUNITY CHAMPIONS.
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IRS990/PYOtherRevenueAmt030170
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IRS990/PYSalariesCompEmpBnftPaidAmt0209466
IRS990/PYTotalExpensesAmt0314922
IRS990/PYTotalRevenueAmt0269483
IRS990/ReconcilationRevenueExpnssAmt0-45833
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1294
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SHOP, SIP, AND
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt029995
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt023315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt088230
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt029995
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt023315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt088230
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt041099
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02638
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt047131
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036381
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08112
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHAMBER FULFILLS ITS MISSION BY CONNECTING BUSINESS PEERS TO ONE ANOTHER, TO LOCAL LEADERS, AND TO COMMUNITY CHAMPIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCE COMMITTEE REVIEWS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SET BY DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL MEETING OF EXECUTIVE COMMITTEE REVIEWS CEO'S COMPENSATION. OTHER CHAMBER OF COMMERCE CEO COMPENSATION IS CONSIDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DETERMINED BY CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTANTS 17,768 17,768 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0153305
IRS990/TotalAssetsEOYAmt0120048
IRS990/TotalAssetsGrp/BOYAmt0153305
IRS990/TotalAssetsGrp/EOYAmt0120048
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0138119
IRS990/TotalFunctionalExpensesGrp/TotalAmt0288633
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063605
IRS990/TotalLiabilitiesEOYAmt076181
IRS990/TotalLiabilitiesGrp/BOYAmt063605
IRS990/TotalLiabilitiesGrp/EOYAmt076181
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt089700
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt043867
IRS990/TotalOtherCompensationAmt01101
IRS990/TotalProgramServiceRevenueAmt023086
IRS990/TotalReportableCompFromOrgAmt028269
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242800
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0153305
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0120048
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0695 HARBOR STREET
IRS990/USAddress/CityNm0MORRO BAY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd093442
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0HTTPS://WWW.MORROCHAMBER.ORG/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNA PATEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07147195720
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORRO BAY CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0MORR
ReturnHeader/Filer/EIN0952590040
ReturnHeader/Filer/PhoneNum08057724467
ReturnHeader/Filer/USAddress/AddressLine1Txt0695 HARBOR STREET
ReturnHeader/Filer/USAddress/CityNm0MORRO BAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093442
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873744513
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROSS CARREIRO BROWN CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0895 SHASTA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORRO BAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093442
ReturnHeader/PreparerPersonGrp/PhoneNum08057722808
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE G ROSS
ReturnHeader/ReturnTs02025-11-07T17:06:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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