French American Chamber Of Commerce Gulf Coast
- Assets
- $102.4k
- Revenue
- $127.2k
- Investments
- $0.0
- Employees
- 3
- Location
- New Orleans, LA
- Founding
- 07/1990
- Data as of
- 12/2019
- EIN
- 72-1138693
Organization Overview
French American Chamber Of Commerce Gulf Coast is located in New Orleans, LA. The organization was established in 1990. 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. As of 12/2018, French American Chamber Of Commerce Gulf Coast employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French American Chamber Of Commerce Gulf Coast 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 12/2019, French American Chamber Of Commerce Gulf Coast generated $127.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $73.2k during the year ending 12/2019. While expenses have increased by 3.2% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
CHAMBER OF COMMERCE, ENCOURAGE TRADE AND CULTURAL TIES BETWEEN FRANCE AND US GULF COAST
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MONTHLY NETWORKING EVENTS FOR BUSINESS AND TRADE LEADERS; COMMISSIONED AND DISEMINATED RESOURCE MATERIAL ON TRADE AND INVESTMENT ACTIVITY; PARTICIPATED IN TRADE MISSIONS BETWEEN FRANCE AND THE US; SPONSORED OR SUPPORTED SOCIAL, HISTORICAL AND CULTURAL EVENTS IN CONNECTION WITH AREA ORGANIZATIONS AND THE FRENCH GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Weller Secretary | 5 | $0 | |
Eric Belin President | 10 | $0 | |
David Bourg Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,964 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$68,727 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,887 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $73,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,382 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $102,382 |
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