Shreveport Chamber Of Commerce Inc
- Assets
- $8.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Shreveport, LA
- Founding
- 05/1945
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Shreveport Chamber Of Commerce Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHREVEPORT CHAMBER OF COMMERCE PROVIDES VARIOUS PROJECTS THOUGHOUT THE YEAR FOR CHAMBER MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHREVEPORT CHAMBER OF COMMERCE PROVIDES VARIOUS PROJECTS THOUGHOUT THE YEAR FOR CHAMBER MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Magner President | Trustee | 40 | $185,500 |
David Alexander Member | Trustee | $0 | |
Gabriel Balderas Member | Trustee | $0 | |
Linda Biernacki Member | Trustee | $0 | |
Michael Corbin Chairman-Ele | Trustee | $0 | |
Andrew Craig Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $438,995 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,339 |
| Total Program Service Revenue | $738,295 |
| Investment income | $292,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,614 |
| Net Gain/Loss on Asset Sales | $537,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,323,852 |
| 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. | $175,000 |
| Compensation of current officers, directors, key employees. | $175,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,250 |
| Pension plan accruals and contributions | $58,814 |
| Other employee benefits | $91,861 |
| Payroll taxes | $54,147 |
| 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 | $22,109 |
| Office expenses | $31,480 |
| Information technology | $19,695 |
| Royalties | $0 |
| Occupancy | $8,521 |
| Travel | $41,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,449 |
| Interest | $5,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,370 |
| Insurance | $30,481 |
| All other expenses | $148,071 |
| Total functional expenses | $1,532,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,496 |
| Savings and temporary cash investments | $4,983,543 |
| Pledges and grants receivable | $234,715 |
| Accounts receivable, net | $61,688 |
| 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 | $30,205 |
| Net Land, buildings, and equipment | $2,613,787 |
| Investments—publicly traded securities | $201,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,466,652 |
| Accounts payable and accrued expenses | $140,675 |
| Grants payable | $0 |
| Deferred revenue | $29,336 |
| 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 | $13,345 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $333,356 |
| Net assets without donor restrictions | $7,932,078 |
| Net assets with donor restrictions | $201,218 |
| 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 | $8,466,652 |