Shreveport Chamber Of Commerce Inc
- Assets
- $3.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Shreveport, LA
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 72-0315700
Organization Overview
Shreveport Chamber Of Commerce Inc is located in Shreveport, LA. The organization was established in 1945. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Shreveport Chamber Of Commerce Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shreveport Chamber Of Commerce Inc 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, Shreveport Chamber Of Commerce Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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
SHREVEPORT CHAMBER OF COMMERCE PROVIDES VARIOUS PROJECTS THROUGHOUT THE YEAR FOR CHAMBER MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHREVEPORT CHAMBER OF COMMERCE PROVIDES VARIOUS PROJECTS THROUGHOUT THE YEAR FOR CHAMBER MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Timothy Magner President | Officer | 40 | $205,000 |
Brian Crawford Member | Trustee | 0 | $0 |
Michael Corbin Member | Trustee | 0 | $0 |
Richard Lamb III Member | Trustee | 0 | $0 |
Ronald Bailey Member | Trustee | 0 | $0 |
Lyle H Jeansonne Immediate Past-Chairman | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $237,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,012 |
| Total Program Service Revenue | $706,813 |
| Investment income | $115,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,629 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,492,864 |
| 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. | $205,000 |
| Compensation of current officers, directors, key employees. | $205,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,971 |
| Pension plan accruals and contributions | $48,624 |
| Other employee benefits | $69,482 |
| Payroll taxes | $43,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,227 |
| Office expenses | $7,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,262 |
| Travel | $8,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,384 |
| Insurance | $26,033 |
| All other expenses | $139,797 |
| Total functional expenses | $1,191,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,501 |
| Savings and temporary cash investments | $957,730 |
| Pledges and grants receivable | $25,984 |
| Accounts receivable, net | $100,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,565 |
| Net Land, buildings, and equipment | $1,875,075 |
| Investments—publicly traded securities | $253,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,805,849 |
| Accounts payable and accrued expenses | $83,890 |
| Grants payable | $0 |
| Deferred revenue | $23,950 |
| 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 | $14,195 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $272,035 |
| Net assets without donor restrictions | $3,279,816 |
| Net assets with donor restrictions | $253,998 |
| 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 | $3,805,849 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shreveport Chamber Of Commerce Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Willis-Knighton Medical Center Shreveport, LA PURPOSE: SPONSORSHIP | $50,000 |
Endowment Analysis
| Beg. Balance | $254,006 |
| Earnings | -$8 |
| Ending Balance | $253,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
Community Development Foundation Tupelo, MS | $26,378,062 | $9,486,414 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |
Better Business Bureau Of Metropolitan Houston Inc Houston, TX | $4,729,521 | $4,975,179 |