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Rainbow Chamber Of Commerce

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205063467 ✦ Sacramento, CA ✦ Designated as a 501(c)(6)

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Overview

What is Rainbow Chamber Of Commerce?

The Rainbow Chamber of Commerce, based in Sacramento, California, is a nonprofit organization that serves the local gay and lesbian business community and its supporters. Its primary objective is to foster networking opportunities, promote business growth, and share relevant information within this community. Additionally, the organization aims to raise awareness of political and social issues, encouraging involvement in charitable causes. By doing so, the Rainbow Chamber of Commerce plays a significant role in strengthening and supporting the gay and lesbian business sector in Sacramento.


Official website here: www.rainbowchamber.com

Is Rainbow Chamber Of Commerce legitimate?

Rainbow Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rainbow Chamber Of Commerce submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $46,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rainbowchamber.com

What is the mission statement of Rainbow Chamber Of Commerce?

The Rainbow Chamber of Commerce is dedicated to fostering a thriving business environment within the gay and lesbian community and its supporters. Its primary goal is to promote networking opportunities, share valuable information, and encourage participation in charitable initiatives. Furthermore, the organization strives to raise awareness of political and social issues that affect this community. By doing so, the Rainbow Chamber of Commerce aims to foster a stronger, more united business community.


Official website here: www.rainbowchamber.com

Who is the CEO of Rainbow Chamber Of Commerce?

Samuel Jones is the Vice Chair of Rainbow Chamber Of Commerce.


Official website here: www.rainbowchamber.com

What is the revenue of Rainbow Chamber Of Commerce?

Rainbow Chamber Of Commerce's revenue in 2022 was $263,943.


Official website here: www.rainbowchamber.com

Who are the executives of Rainbow Chamber Of Commerce and what are their salaries?


Here are 15 key members and their salaries:


Fred Palmer (Exe Director)
  • Compensation: $46,626
  • Related: $0
  • Other: $0
Sara Hanson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Jones (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Crouch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Austin Cooper (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Hockman (Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexandra Michel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Pulido (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erika Janson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kris Ritualo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Weathington (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Grove Dds (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Muganzo Murphy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kris Ritualo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rainbowchamber.com

Where can I find the form 990 for Rainbow Chamber Of Commerce?

Rainbow Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rainbowchamber.com

Learn more at the official website: www.rainbowchamber.com

Mission Statement of Rainbow Chamber Of Commerce

The Rainbow Chamber of Commerce is an organization with a mission to foster connections within the gay and lesbian business community and its supporters. Its primary objective is to promote business growth, facilitate information sharing, and encourage networking within this specific community. Beyond this, the Chamber also seeks to raise awareness of political and social issues that impact this community. Additionally, it encourages involvement in charitable causes, aiming to make a positive impact beyond the business sphere. The Rainbow Chamber of Commerce serves as a platform for advocacy, networking, and community involvement, working towards the betterment of the gay and lesbian business community and its supporters.

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Impact




October, 2024

The Rainbow Chamber of Commerce fosters vital connections within Sacramento's gay and lesbian business community, enhancing networking opportunities among its members and supporters. By facilitating business promotion and information sharing, it empowers local entrepreneurs and professionals to thrive.

Moreover, the chamber raises awareness of essential political and social issues affecting the LGBTQ+ community, advocating for greater inclusion and visibility in the business landscape. It encourages active participation in charitable causes, promoting a culture of giving and community support.

Through these initiatives, the Rainbow Chamber of Commerce not only bolsters economic growth in the region but also cultivates a sense of solidarity, encouraging members to advocate for their rights and engage in meaningful social change. This dual focus on business development and social advocacy is instrumental in creating a more inclusive and vibrant community in Sacramento.




This information is meant to be a general summary of Rainbow Chamber Of Commerce. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$263,943 (2022)
Expenses
$197,862 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9
  • Program Service Revenue: $190,475
  • Gross Receipts: $263,943

Assets and Liabilities:

  • Total Assets: $245,493
  • Total Liabilities: $3,421
  • Net Assets: $242,072

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Advertising Revenue
Event Revenue

Revenue

$76,520

Membership Dues & Assessments

Revenue

$98,705

Sponsorship Revenue

Revenue

$15,250

Organization Details

Principal Officer

Samuel Jones

Main Address

PO Box 160126, Sacramento, CA, 95816

NTEE Category

Code: S41 - Community improvement

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