San Carlos Chamber of Commerce

Nonprofit profile at a glance

EIN
941074734
IRS 990 coverage
2010–2021
Forms available
Form 990 2021
Location
San Carlos, CA, USA
Phone
6505931068
Rating
39
Verdict
REVIEW
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$3,767
Expenses
$12,363
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • Thomas Davids (CEO)

People named in this filing

  • Attached list of Board Members
  • Thomas Davids (CEO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The San Carlos Chamber of Commerce is an association of businesses combining their efforts to ensure the economic vitality of the community. The Chamber works continuously with new and existing businesses to help them succeed. It works closely with the City of San Carlos to make sure that San Carlos is a quality place in which to live and do business. Its focus is Economic Development and it is a founding member of the Economic Development Partnership, a group of associations working to better the business climate in San Carlos. In addition to the activities carried on by its directors and committee members, the Chamber is Information Central for visitors, new residents, potential businesses and the community. The office provides a wealth of information on San Carlos, its amenities and the surrounding area.

What it reported doing in 2021

Exempt Purpose AchievementsMembership & Economic Development* Hosted Member Mixer and Business Spotlight events to showcase businesses and offer networking opportunities to our members.* Hosted a Home Improvement Marketplace to widen the networking opportunities and exposure for businesses to a larger marketing area. Open to the public and well attended.* Sponsored the San Carlos Art & Wine Faire with a booth to provide information about the Chamber and offer San Carlos Holiday Ornaments designed by a local artist.* Holiday campaign to keep holiday shopping local. Including a Santa House downtown, Santa's arrival at our airport and Hiller Aviation Museum which is our main tourist attraction. Mailed a brochure to all residents and businesses highlighting all local holiday activities.* Hosted a Farmers Market space downtown on Thursdays during summer and fall to bring residents into downtown. Titled: Hot Harvest Nights Farmers Market.* Hosted a State of the City breakfast to give businesses and residents an opportunity to hear from the City's new mayor and ask questions.* Hosted a Government Affairs Luncheon to give civic leaders and businesses an opportunity to dialogue with legislative officials.* Awarded ten scholarships to deserving San Carlos high school graduates who are entering fields of business or public service.* Hosted a summer and holiday Wine Stroll in downtown with 20 merchants pouring wines from nearby boutique win with lite bites to nibble. A community gathering to draw residents to downtown and visit the merchants and restaurants in the area.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 76
  • Accountability: 76
  • Sustainability: 13
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 84.6%; rating input score 85; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -228.2%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -8.8% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: -12.9% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 18 of 18 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.