Abilene Chamber Of Commerce Foundation
- Assets
- $450.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Abilene, TX
- Founding
- 12/1972
- Data as of
- 09/2021
- EIN
- 23-7248959
Organization Overview
Abilene Chamber Of Commerce Foundation is located in Abilene, TX. The organization was established in 1972. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene Chamber Of Commerce Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Abilene Chamber Of Commerce Foundation generated $95.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $76.1k during the year ending 09/2021. While expenses have increased by 1.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
COMMUNITY PROGRAMS - VARIOUS CONTRIBUTIONS SUPPORTING THE PROGRAMS OF THE ABILENE INDUSTRIAL FOUNDATION, THE ABILENE CHAMBER OF COMMERCE AND OTHER LOCAL NON-PROFIT ENTITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrin Black Past Chair | 1 | $0 | |
Mike Fernandez Secretarytreasurer | 1 | $0 | |
Marshall Morris Chair | 1 | $0 | |
Laura Moore Chair Elect | 1 | $0 | |
Doug Peters President & CEO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,666 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,635 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,301 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $22,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,622 |
| Total expenses | $76,122 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $220,091 |
| Other assets | $0 |
| Total assets | $450,487 |
| Total liabilities | $301 |
| Net assets or fund balances | $450,186 |
Grants Awarded
Over the last fiscal year, Abilene Chamber Of Commerce Foundation has awarded $42,433 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Abilene, TX PURPOSE: Program Support | $24,933 |
Abilene, TX PURPOSE: Program Support | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Abilene Chamber Of Commerce Foundation has recieved totaling $51,505.
| Awarding Organization | Amount |
|---|---|
Legett Foundation Abilene, TX PURPOSE: CHARITABLE - ABILENE INDUSTRIAL FOUNDATION | $25,000 |
Legett Foundation Abilene, TX PURPOSE: CHARITABLE - START-UP EXPENSES AT NEW RENTAL LOCATION | $25,000 |
Shelton Family Foundation Abilene, TX PURPOSE: MLK BANQUET | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |
American Agape Foundation Inc San Antonio, TX | $30,797,369 | $7,152,363 |
American Payroll Institute Inc San Antonio, TX | $40,803,179 | $11,952,321 |
American Concrete Pipe Association Irving, TX | $3,273,798 | $7,015,409 |
Texas Society Of Certified Public Accountants Addison, TX | $14,362,977 | $7,206,756 |
Salesmanship Club Foundation Dallas, TX | $158,358,007 | $4,239,483 |
American Fire Sprinkler Association Inc Dallas, TX | $8,235,179 | $6,322,612 |
Professional Retail Store Maintenance Association Irving, TX | $6,167,916 | $5,149,487 |