Fulshear-Katy Area Chamber Of Commerce
- Assets
- $163.3k
- Revenue
- $351.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fulshear, TX
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-3856572
Organization Overview
Fulshear-Katy Area Chamber Of Commerce is located in Fulshear, TX. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Fulshear-Katy Area Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Fulshear-Katy Area Chamber Of Commerce generated $351.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $319.6k during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AND PROMOTE THE ECONOMIC ENVIRONMENT FOR BUSINESS, AND TO ADVOCATE RESPONSIVE GOVERNMENT AND QUALITY EDUCATION, WHILE PRESERVING THE AREA'S UNIQUE COMMUNITY CHARACTERISTICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOWLING TOURNAMENT,SALUTE TO BUSINESS, ST. PATRICKS DAY FESTIVAL, FREEDOM FESTIVAL, HOLIDAY FESTIVAL OF LIGHTS,SCARECROW FESTIVAL, TOP GOLF, AND STATE OF OUR REGION- ALL FUNDRAISERS TO HELP FOSTER CONNECTIONS AND MAKE FULSHEAR/KATY A GREAT PLACE TO GROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Mccoy President | Trustee | 50 | $95,637 |
Matthew Williams Treasurer | Officer | 5 | $0 |
Dennis Silva Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,266 |
| Total Program Service Revenue | $279,317 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,452 |
| Net Income from Gaming Activities | -$2,608 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,637 |
| Compensation of current officers, directors, key employees. | $95,637 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,993 |
| Advertising and promotion | $11,725 |
| Office expenses | $6,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,362 |
| Travel | $2,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $814 |
| Insurance | $0 |
| All other expenses | $826 |
| Total functional expenses | $319,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,391 |
| Savings and temporary cash investments | $63,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $275 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $163,287 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,053 |
| Total liabilities | $35,053 |
| Net assets without donor restrictions | $128,234 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $163,287 |
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