2024-05-13T18:58:49-05:00 2023-06-30 952302617 SINGERLEWAK LLP 1255 LEE ST SE SUITE 210 SALEM OR 97302 990 2022-07-01 930138235 SALEM AREA CHAMBER OF COMMERCE SALE 5035811466 1110 COMMERCIAL ST NE SALEM OR 973011020 THOMAS A HOFFERT CEO 5035811466 2024-05-07 1 THOMAS HOFFERT 999009999 0 BRADLEY BINGENHEIMER P00357744 5035857751 2024-05-02 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS A HOFFERT 1110 COMMERCIAL ST NE SALEM OR 973011020 1933164 0 X WWW.SALEMCHAMBER.ORG X 1884 OR TO PROMOTE BUSINESS AND A GOOD BUSINESS CLIMATE IN SALEM, OREGON. 24 24 15 102 12812 0 0 350000 1327844 1346640 65 117256 45166 52480 1373075 1866376 1341 362500 0 0 867254 894358 0 0 0 392105 416407 1260700 1673265 112375 193111 1425209 1221227 589829 192736 835380 1028491 X TO DEVELOP, ENCOURAGE, PROMOTE AND PROTECT THE COMMERCIAL, PROFESSIONAL, INDUSTRIAL, AGRICULTURAL, FINANCIAL, ECONOMIC AND GENERAL BUSINESS INTERESTS OF THE CITY OF SALEM, OREGON, AND AREA TRIBUTARY THERETO; TO FOSTER, DEVELOP AND PROTECT ITS INDUSTRY; TO ENCOURAGE THE DEVELOPMENT OF THE TRANSPORTATION AND COMMERCIAL FACILIITES AND THE VARIOUS RESOURCES OF THE AREA; TO STUDY, ENCOURAGE, DEVELOP, INVESTIGATE AND RESEARCH PLANS AND PROJECTS FOR THE BUSINESS AND ECONOMIC WELFARE OF THE AREA AND TO PROMOTE THE CIVIC INTERESTS AND GENERAL WELFARE OF THE COMMUNITY. 0 0 THE ORGANIZATION SERVES AS AN ADVOCATE FOR BUSINESSES AND THEIR EMPLOYEES, IN THE SALEM, OR REGION. WE ACTIVELY SUPPORT ECONOMIC AND WORKFORCE DEVELOPMENT INITIATIVES DESIGNED TO SUSTAIN AND IMPROVE ECONOMIC CONDITIONS WITHIN THE REGION, ALLOWING FOR STRATEGIC GROWTH IN JOB OPPORTUNITIES FOR SALEM AREA RESIDENTS. THE CHAMBER SERVES OVER 1,100 MEMBER BUSINESSES WHO EMPLOY APPROXIMATELY 45,000 PEOPLE THROUGHOUT THE REGION BY PROVIDING SMALL BUSINESS ADVOCACY, NETWORKING AND CONNECTION, LEADERSHIP DEVELOPMENT TRAINING, BUSINESS FORUMS, AND VARIOUS MONTHLY AND YEARLY KEY EVENTS WHICH PROVIDES NETWORKING AND CONNECTION WITHIN THE SALEM BUSINESS COMMUNITY. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 62 0 1 15 1 1 1 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X SALEM OREGON CHAMBER OF COMMERCE 5035811466 1110 COMMERCIAL ST NE SALEM OR 973011020 WENDY VELIZ PRESIDENT 1.00 X X 0 0 0 LAURA DORN PAST PRESIDENT 1.00 X X 0 0 0 MIKE HERRON SECRETARY 1.00 X X 0 0 0 STEPHEN JOYE TREASURER 1.00 X X 0 0 0 JENNIFER MARTIN VP OF MEMBERSHIP 1.00 X X 0 0 0 JEFF MILLER VP OF ADVOCACY 1.00 X X 0 0 0 ALAN RASMUSSEN PRESIDENT-ELECT 1.00 X X 0 0 0 CHRISTY WITZKE VP-EVENTS & PROGRAMMING 1.00 X X 0 0 0 BRANDON BLAIR DIRECTOR 1.00 X 0 0 0 JONATHAN CASTRO MONROY DIRECTOR 1.00 X 0 0 0 RYAN COLLIER DIRECTOR 1.00 X 0 0 0 RYAN DEMPSTER DIRECTOR 1.00 X 0 0 0 RICH DUNCAN DIRECTOR 1.00 X 0 0 0 JEFF DUNN DIRECTOR 1.00 X 0 0 0 TED FERRY DIRECTOR 1.00 X 0 0 0 KATHY GORDON DIRECTOR 1.00 X 0 0 0 JULIE HOY DIRECTOR 1.00 X 0 0 0 DAN MCDOWELL DIRECTOR 1.00 X 0 0 0 KATYA MENDEZ DIRECTOR 1.00 X 0 0 0 CONNOR REITEN DIRECTOR 1.00 X 0 0 0 QUANDRAY ROBERTSON DIRECTOR 1.00 X 0 0 0 RANDY SUTTON DIRECTOR 1.00 X 0 0 0 ERIC TEMPLETON DIRECTOR 1.00 X 0 0 0 JIM VU DIRECTOR 1.00 X 0 0 0 THOMAS A HOFFERT CEO 40.00 X 168629 0 15154 168629 0 15154 1 0 1 0 0 350000 350000 MEMBERSHIP DUES 900099 672258 672258 MENTORING 611430 396070 396070 TRADESHOWS AND EVENTS 900099 264900 264900 ADVERTISING 541800 13412 600 12812 1346640 2997 2997 150000 35741 114259 114259 114259 83527 31047 52480 52480 1866376 1333828 12812 169736 362500 189371 551706 17124 63009 73148 25792 63722 8992 57810 5652 44339 777 148016 26992 7638 OTHER PROGRAM EXPENSES 13887 VOLUNTEER AND STAFF REC 7058 MEMBERSHIP DEVELOPMENT 5582 STATE TAX 150 1673265 947564 384962 31273 334178 65439 118755 27328 8061 12799 991866 655550 365449 336316 7423 6889 1425209 1221227 106676 99221 116615 76304 366538 17211 589829 192736 X 835380 1028491 835380 1028491 1425209 1221227 193111 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5000 5000 0 CREATE JOBS COALITION 1110 COMMERCIAL STREET NE SALEM OR 97301 844859682 5000 0 1 0 192322 192322 702154 586912 115242 97390 68638 28752 336316 FUNDS HELD FOR OTHERS 17211 17211 X PART X, LINE 2: THE CHAMBER FOLLOWS THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." ASC 750 PRESCRIBES A THRESHOLD FOR DETERMINING WHEN AN INCOME TAX BENEFIT CAN BE RECOGNIZED, WHICH IS A HIGHER THRESHOLD THAN THE ONE IMPOSED FOR CLAIMING DEDUCTION ON INCOME TAX RETURNS. ASC 740 DOES NOT HAVE ANY SIGNIFICANT IMPACT ON THE CHAMBER'S FINANCIAL STATEMENTS. THE CHAMBER'S FEDERAL TAX RETURN IS SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHRITIES UNTIL THE EXPIRATION OF THE RELATED STATUTES OF LIMITATIONS ON THOSE TAX RETURNS. IN GENERAL, THE FEDERAL AND STATE INCOME TAX RETURNS HAVE A THREE-YEAR STATUTE OF LIMITATIONS. THE CHAMBER WOULD RECOGNIZE ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX PROVISIONS, IF ANY, AS PART OF THE INCOME TAX PROVISION. AS OF JUNE 30, 2023, THE CHAMBER HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS BASED ON THIS GUIDANCE. GOLF TOURNAMENT 83527 83527 31047 83527 83527 31047 31047 52480 1 CULINARY RUSTICA 931069699 15000 0 TO RELIEVE ECONOMIC IMPACT DUE TO CORONAVIRUS. SALEM ROPES - YOUTH WITH A MISSION 7085 BATTLECREEK RD SE SALEM OR 97317 930748796 15000 0 TO RELIEVE ECONOMIC IMPACT DUE TO CORONAVIRUS. B2 COMMUNITY CARE 2270 NE MCDANIEL LANE MCMINNVILLE OR 97128 124524213 10000 0 TO RELIEVE ECONOMIC IMPACT DUE TO CORONAVIRUS. FALAFEL KING EXPRESS 261518845 10000 0 TO RELIEVE ECONOMIC IMPACT DUE TO CORONAVIRUS. INSPIRATION DANCE COMPANY 830945391 10000 0 TO RELIEVE ECONOMIC IMPACT DUE TO CORONAVIRUS. SALEM AUDIOLOGY CLINIC 3857 WOLVERINE ST NE STE 16C SALEM OR 97305 911758218 10000 0 TO RELIEVE ECONOMIC IMPACT DUE TO CORONAVIRUS. TIGA SUSHI 260 LIBERTY ST SE SALEM OR 97301 592755890 10000 0 TO RELIEVE ECONOMIC IMPACT DUE TO CORONAVIRUS. 0 7 X 0 0 0 THOMAS A HOFFERT CEO 168629 0 0 0 0 0 0 0 15154 0 183783 0 0 0 MCLARAN LEADERSHIP FOUNDATION CONTRACTORS CONSIST OF COMMOM MEMBERS OF GOVERNANCE PROGRAM EXPENSES TO BE REIMBURSED BY THE FOUNDATION AT AN ARM'S LENGTH TERM X 27328 27328 0 1 0 27328 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE SALEM AREA CHAMBER OF COMMERCE SHALL CONSIST OF THOSE INDIVIDUALS, PARTNERSHIPS, FIRMS OR CORPORATIONS RESIDING IN OR DOING BUSINESS IN THE AREA SERVED BY THE SALEM AREA CHAMBER OF COMMERCE WHO ARE INTERESTED IN THE PURPOSES AND OBJECTIVES OF THE SALEM AREA CHAMBER OF COMMERCE AND WHO HAVE FULLY PAID ALL STIPULATED DUES PRESCRIBED FOR THE THEN CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE SHALL INDICATE THE DATE OF ITS MEETING AND NOTICE OF SUCH MEETING SHALL BE PREVIOUSLY GIVEN TO EACH MEMBER BY PUBLICATION IN THE CHAMBER NEWSLETTER. ANY MEMBER OF THE CHAMBER IN GOOD STANDING MAY SUBMIT SUGGESTIONS FOR NOMINATIONS TO THE COMMITTEE IN WRITING PRIOR TO THE DATE OF SUCH MEETING. ANY MEMBER FIRM, ASSOCIATION, CORPORATION OR PERSON SHALL BE ENTITLED TO CAST ONE VOTE; HOWEVER, WHERE INDIVIDUALS HAVE BEEN DESIGNATED TO REPRESENT ADDITIONAL MEMBERSHIPS, SUCH INDIVIDUALS SHALL BE ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B BUSINESS MEETINGS ARE HELD ANNUALLY IN JUNE AND ANNUAL REPORTS ARE MAILED TO MEMBERS OF THE CHAMBER FOR REVIEW AND COMMENT. MEMBERS COMMENT ON ACTION PLANS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, WHO IS THE CHAIR OF THE WAYS AND MEANS COMMITTEE, AND THE CEO REVIEW THE INFORMATIONAL FORM 990. THE INFORMATION FORM 990 IS THEN PRESENTED TO THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY AT THEIR BOARD OF DIRECTORS RETREAT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE REVIEWS AND DETERMINES THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE CHAMBER OFFICE. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.