By Larry Rosenstein, Riptide Correspondent
To go with Lionel's recent op-ed here on Riptide about the Chamber of Commerce, click the link below for a copy of the chamber's 2010 IRS tax return, the latest available online at Guidestar. (The chamber usually has filed its tax returns in the fall, so the 2011 copy isn't available online yet.)
The bottom line is that in 2010 the chamber lost $68,451 (Line 18), almost half of its total assets as of the start of 2010. It also had a loss in the previous two years, although it was much smaller: $19,499 in 2009 and $11,747 in 2008. It will be interesting to get the 2011 numbers and see if the losses continue. But if the chamber is still losing that much money, it could explain why it is increasing its fees, although I think that may backfire if a lot of people drop their membership.