Greater Elgin Chamber Of Commerce
- Assets
- $66.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elgin, TX
- Founding
- 11/1935
- Data as of
- 12/2021
- EIN
- 74-0607348
Organization Overview
Greater Elgin Chamber Of Commerce is located in Elgin, TX. The organization was established in 1935. 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. Greater Elgin 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, Greater Elgin Chamber Of Commerce generated $165.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $151.8k during the year ending 12/2021. While expenses have increased by 3.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SERVED AS OFFICIAL STATE TOURISM CENTER FOR ELGIN; HOSTEDNUMEROUS EVENTS FOR NETWORKING AND BUSINESS PROMOTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gena Carter President | 40 | $36,709 | |
Ed Rivers Chair | 1 | $0 | |
Tim Schultz Past Chair | 1 | $0 | |
Stacey Wilhite Treasurer | 1 | $0 | |
Candace Elliott Chair Elect | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,395 |
| Total Program Service Revenue | $16,177 |
| Membership dues | $32,026 |
| Investment income | $48 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,556 |
| Other Revenue | $0 |
| Total Revenue | $165,202 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $106,516 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,643 |
| Printing, publications, postage, and shipping | $10,520 |
| Other expenses | $32,134 |
| Total expenses | $151,813 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,065 |
| Other assets | $0 |
| Total assets | $66,065 |
| Total liabilities | $2,686 |
| Net assets or fund balances | $63,379 |
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