CARLSBAD CHAMBER COMMUNITY FOUNDATION

EIN: 330625999 501(c)(3) Unknown

CARLSBAD, CA

Total Revenue
$60,875
Total Expenses
$108,947
Total Assets
$215,796
Net Assets
$15,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
CA
Principal Officer
BRET SCHANZENBACH
Phone
7609318400
Tax Period
2024-01-01 to 2024-12-31

CARLSBAD CHAMBER COMMUNITY FOUNDATION, founded in 1993, is a micro nonprofit in the Unknown sector that reported $61K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 79% operating deficit.

Mission

THE SPECIFIC AND PRIMARY PURPOSE FOR WHICH THE FOUNDATION IS FORMED IS TO ENGAGE IN THE SOLICITATION, RECEIPT AND ADMINISTRATION OF PROPERTY AND MONEYS, AND FROM TIME TO TIME, TO DISBURSE SUCH PROPERTY AND THE INCOME THERE FROM TO, OR FOR THE BENEFIT OF, ONE OR MORE OF THE FOLLOWING: 1. PUBLIC AND/OR PRIVATE SCHOOLS (GRADES K THROUGH 12) SERVING THE CITY OF CARLSBAD, CALIFORNIA, INCLUDING, BUT NOT LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF ECONOMIC EDUCATIONAL OPPORTUNITIES AND PROGRAMS FOR BOTH STUDENTS AND FACULTY BY DEVELOPING A PARTNERSHIP BETWEEN THE SCHOOLS AND THE CARLSBAD BUSINESS COMMUNITY. 2. BUSINESSES WHO ARE BASED IN CARLSBAD, CALIFORNIA OR ARE MEMBERS OF THE CARLSBAD CHAMBER OF COMMERCE WHO HAVE SUFFERED ECONOMIC HARDSHIP DUE TO CIRCUMSTANCES OUTSIDE THEIR CONTROL, AS JUDGED BY THE FOUNDATION BOARD. 3. INDIVIDUALS WHO LIVE AND/OR WORK IN CARLSBAD, CALIFORNIA WHO HAVE SUFFERED ECONOMIC HARDSHIP DUE TO CIRCUMSTANCES OUTSIDE THEIR CONTROL, AS JUDGED BY THE FOUNDATION BOARD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $43,566
Program Service Revenue $0
Investment Income $196
Other Revenue $17,113
TOTAL REVENUE $60,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,578
Fundraising Expenses $29,031
Program Expenses $36,289
Other Expenses $36,369
TOTAL EXPENSES $108,947

Year-over-Year Comparison

2024 2023 Change
Revenue $60,875 $143,033 -0.6%
Expenses $108,947 $83,552 +0.3%
Net Income $-48,072 $59,481 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRET SCHANZENBACH PRESIDENT & CEO 3.00
Officer Director
$0 $0 $0
JR PHILLIPS CHAIR 2.00
Officer Director
$0 $0 $0
AMANDA MILES CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
ADAM JACOBS IMMEDIATE PAST CHAIR 0.00
Officer Director
$0 $0 $0
RACHEL IVANOVICH TREASURER 0.00
Officer Director
$0 $0 $0
JOSH MAZUR VICE CHAIR 0.00
Director
$0 $0 $0
CARL STREICHER VICE CHAIR 0.00
Director
$0 $0 $0
MIGUEL DE JESUS VICE CHAIR 0.00
Director
$0 $0 $0
ALEX RENEE VICE CHAIR 0.00
Director
$0 $0 $0
JOE GABALDON VICE CHAIR 0.00
Director
$0 $0 $0
CAROLYN REINMILLER VICE CHAIR 0.00
Director
$0 $0 $0
LORI BOODY VICE CHAIR 0.00
Director
$0 $0 $0
KRISTEN HUYCK VICE CHAIR 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $60,875 $108,947 $215,796 $-48,072
2023 $143,033 $83,552 $204,510 $59,481
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