Lafayette Chamber Of Commerce

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

EIN: 840721730 ✦ Lafayette, CO ✦ Designated as a 501(c)(6)

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Overview

What is Lafayette Chamber Of Commerce?

The Lafayette Chamber of Commerce, situated in Lafayette, Colorado, serves as a thriving trade and professional association. Its primary objective is to foster a strong sense of community and support local businesses. By actively promoting both aspects, the chamber strives to enhance the overall well-being and growth of Lafayette's local economy.

Is Lafayette Chamber Of Commerce legitimate?

Lafayette Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lafayette 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,207

For more financial information, click here

What is the mission statement of Lafayette Chamber Of Commerce?

The Lafayette Chamber of Commerce serves as a trade or professional association, operating with a mission to promote the well-being of the community and local businesses. Their primary objective is to foster an environment that supports both community growth and the success of local businesses. By doing so, they aim to enhance the overall prosperity and vitality of the community.

Who is the CEO of Lafayette Chamber Of Commerce?

Richard Welty is the President of Lafayette Chamber Of Commerce.

What is the revenue of Lafayette Chamber Of Commerce?

Lafayette Chamber Of Commerce's revenue in 2022 was $324,107.

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

The average compensation at Lafayette Chamber Of Commerce during 2022 was $58,402. There are 3 employees and 40 volunteers at Lafayette Chamber Of Commerce.


Here are 13 key members and their salaries:


Pat Gross (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristel Pierce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Chard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Bonner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Bramer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Ingraham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Trumbo (Exec Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Brungardt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Ellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Myers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chase Ryant (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Welty (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Hazelwood (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lafayette Chamber Of Commerce?

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

Mission Statement of Lafayette Chamber Of Commerce

The Lafayette Chamber of Commerce, serving as a trade or professional association, is dedicated to promoting both the community and local businesses. Its mission is multifaceted, aiming to foster a sense of unity and growth within the community while simultaneously supporting and elevating local businesses. By promoting community and local business, the Lafayette Chamber of Commerce strives to create a thriving environment where businesses can flourish and the community can benefit.

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Impact




October, 2024

The Lafayette Chamber of Commerce plays a vital role in fostering economic growth and community development in Lafayette, Colorado. By promoting local businesses, the Chamber helps create a thriving economic environment that benefits both entrepreneurs and residents. This focus on local commerce enhances the city’s economic resiliency and supports job creation, which is essential for community prosperity.

In addition to supporting businesses, the Chamber actively engages in community improvement initiatives. Through networking events, educational programs, and advocacy, it connects business owners and leaders, facilitating collaboration and resource sharing. This networking is crucial for creating a unified voice for local businesses, ensuring their interests are represented in both local and regional decision-making processes.

Furthermore, the Lafayette Chamber of Commerce enhances community spirit by organizing events that bring residents together. These activities not only promote local businesses but also strengthen community ties, making Lafayette a more vibrant and cohesive place to live and work. The Chamber's efforts ultimately lead to a healthier economy and improved quality of life for all residents in the area.




This information is meant to be a general summary of Lafayette 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
$324,107 (2022)
Expenses
$349,600 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $150
  • Program Service Revenue: $82,555
  • Gross Receipts: $424,179

Assets and Liabilities:

  • Total Assets: $1,279,062
  • Total Liabilities: $82,136
  • Net Assets: $1,196,926

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Programs

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

CHAMBER BUCKS

Revenue

$40,730

ECON DEVELOPMENT

Revenue

$15,000

NETWORKING EVENTS

Revenue

$8,610

Organization Details

Founding Year

1969

Principal Officer

Richard Welty

Main Address

304 W BASELINE RD, Lafayette, CO, 80026

NTEE Category

Code: S41 - Community improvement

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