Fredericksburg Chamber Of Commerce Inc
- Assets
- $628.0k
- Revenue
- $432.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Fredericksburg, TX
- Founding
- 03/1952
- Data as of
- 12/2023
- EIN
- 74-0633163
Organization Overview
Fredericksburg Chamber Of Commerce Inc is located in Fredericksburg, TX. The organization was established in 1952. 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 12/2023, Fredericksburg Chamber Of Commerce Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg 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, Fredericksburg Chamber Of Commerce Inc generated $432.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $435.2k during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER OF COMMERCE'S MISSION IS TO PROMOTE A POSITIVE GROWING BUSINESS COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER OF COMMERCE'S PRIMARY PROGRAM SERVICE IS TO PROMOTE A POSITIVE GROWING BUSINESS COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Mcbride Pres Partial | Officer | 40 | $103,447 |
Christie Bourquin Executive VP | Officer | 40 | $57,856 |
James Mikula Pres Partial | Officer | 40 | $8,600 |
Ken Cooke Director | Trustee | 2 | $0 |
Todd Eidson Director | Trustee | 2 | $0 |
Adam Hahn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $319,997 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,997 |
| Total Program Service Revenue | $57,750 |
| Investment income | $252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,598 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,957 |
| Pension plan accruals and contributions | $13,668 |
| Other employee benefits | $36,341 |
| Payroll taxes | $19,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $519 |
| Office expenses | $3,603 |
| Information technology | $7,925 |
| Royalties | $0 |
| Occupancy | $21,816 |
| Travel | $66 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21 |
| Interest | $7,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,233 |
| Insurance | $13,157 |
| All other expenses | $2,117 |
| Total functional expenses | $435,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,937 |
| Savings and temporary cash investments | $56,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,600 |
| 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 |
| Net Land, buildings, and equipment | $363,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $628,022 |
| Accounts payable and accrued expenses | $1,361 |
| Grants payable | $0 |
| Deferred revenue | $105,896 |
| 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 | $186,846 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $443 |
| Total liabilities | $294,546 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $333,476 |
| Total liabilities and net assets/fund balances | $628,022 |