Mill Valley Chamber of Commerce Inc

EIN: 941242798

Mill Valley, CA

Total Revenue
$604,454
Total Expenses
$571,929
Total Assets
$283,995
Net Assets
$250,180
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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
CA
Principal Officer
Jim Welte
Tax Period
2023-01-01 to 2023-12-31

Mill Valley Chamber of Commerce Inc, founded in 1953, is a small nonprofit that reported $604K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $572K left a modest 5% surplus.

Mission

promote business in Mill Valley, California

Program Service Accomplishments

Program 1
Expenses: $183,159 Revenue: $305,434

The Mill Valley Music Festival started in 2022 as an outdoor arts and culture event produced by the Mill Valley Chamber and Noise Pop Industries. It features a heady, multi-genre mix of diverse...

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The Mill Valley Music Festival started in 2022 as an outdoor arts and culture event produced by the Mill Valley Chamber and Noise Pop Industries. It features a heady, multi-genre mix of diverse national acts and local lights, coupled with world-class food, drink and art for your best friends and the ones you have yet to meet.The two-day Mill Valley Music Festival takes place at Friends Field, located adjacent to the Mill Valley Community Center, turning it into a sprawling festival grove for an all-ages celebration of local arts and culture. Nestled below the slopes of Mount Tamalpais, this new destination festival looks to serve as Mill Valleys signature event drawing attention to the longstanding cultural contributions of Mill Valley throughout the greater Bay Area and far beyond.

Program 2
Expenses: $30,071 Revenue: $31,900

WinterFest 2023This quintessential, fun-filled holiday community event features an array of live entertainment, and a variety of childrens activities. The event culminates with the annual Tree...

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WinterFest 2023This quintessential, fun-filled holiday community event features an array of live entertainment, and a variety of childrens activities. The event culminates with the annual Tree Lighting Ceremony. Sponsors have the unique opportunity to engage and connect with Winterfest participants and families.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,731
Program Service Revenue $444,943
Investment Income $9,578
Other Revenue $49,202
TOTAL REVENUE $604,454

Expense Breakdown

Grants Paid $0
Salaries & Benefits $276,984
Fundraising Expenses $0
Program Expenses $213,230
Other Expenses $294,945
TOTAL EXPENSES $571,929

Year-over-Year Comparison

2023 2022 Change
Revenue $604,454 $459,752 +0.3%
Expenses $571,929 $480,697 +0.2%
Net Income $32,525 $-20,945 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
11
Volunteers
21

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
6
$162,112
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jim Welte Executive Director 40.00
Officer
$137,071 $0 $137,071
Paula Reynolds Director of Operations 20.00
Officer
$25,041 $0 $25,041
Melinda Neal Board Member 1.00
Director
$0 $0 $0
Karl Hasz Board Member 1.00
Director
$0 $0 $0
Jan Mathews Board Member 1.00
Director
$0 $0 $0
Jonathan Reynolds Board Member 1.00
Director
$0 $0 $0
Susie Turner Board Member 1.00
Director
$0 $0 $0
Jason Sims Board Member 1.00
Director
$0 $0 $0
Christine Donahue Board Member 1.00
Director
$0 $0 $0
Ryan Canepa Board Member 1.00
Director
$0 $0 $0
Stacey Lamirand Board Member 1.00
Director
$0 $0 $0
Armando Gallegos Board Member 1.00
Director
$0 $0 $0
Teresa Rea Secretary 1.00
Officer Director
$0 $0 $0
Megan Acio Vice Chair 1.00
Officer Director
$0 $0 $0
Hunter Moore Board Chair 1.00
Officer Director
$0 $0 $0
Gabe Burczyk Treasurer 1.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $604,454 $571,929 $283,995 $32,525
2022 $459,752 $480,697 $252,495 $-20,945
2021 $340,973 $250,257 $272,165 $90,716
2020 $273,469 $295,120 $224,063 $-21,651
2019 $333,309 $322,972 $151,356 $10,337
2018 $311,955 $290,406 $147,470 $21,549
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