Georgetown Chamber Of Commerce
- Assets
- $963.3k
- Revenue
- $715.4k
- Investments
- $0.0
- Employees
- 12
- Location
- Georgetown, TX
- Founding
- 12/1951
- Data as of
- 12/2021
- EIN
- 74-0642691
Organization Overview
Georgetown Chamber Of Commerce is located in Georgetown, TX. The organization was established in 1951. 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 12/2021, Georgetown Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgetown 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, Georgetown Chamber Of Commerce generated $715.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $706.2k during the year ending 12/2021. While expenses have increased by 5.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE ECONOMIC SUCCESS FOR OUR COMMUNITY THROUGH ADVOCACY, EDUCATION AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INVOLVEMENT-PROGRAMS THAT PROVIDE OPPORTUNITIES FOR PUBLIC SERVICE, LEADERSHIP DEVELOPMENT AND CIVIC WELFARE.
MEMBERSHIP DEVELOPMENT-PROGRAMS TO MAINTAIN PRESENT MEMBERSHIP AND ENCOURAGE NEW MEMBERSHIP.
BUSINESS DEVELOPMENT-PROGRAMS THAT ARE RESOURCES FOR BUSINESSES BY ENSURING MEMBERSHIP BENEFITS ALIGN WITH MEMBER NEEDS AND INTERESTS AND BY BEING A CONDUIT TO BUSINESS SUCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Johnson President | Officer | 40 | $61,947 |
Barrie Laing Immediate Past Chair | OfficerTrustee | 24 | $23,275 |
Karin Sladek Chair-Elect | OfficerTrustee | 8 | $0 |
Melinda Brasher Secretary | OfficerTrustee | 8 | $0 |
Michele Jaroszewski-Webb Chair | OfficerTrustee | 8 | $0 |
Lori Szyperski Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,085 |
| 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 | $70,085 |
| Total Program Service Revenue | $491,079 |
| Investment income | $753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $715,423 |
| 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. | $85,222 |
| Compensation of current officers, directors, key employees. | $11,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,716 |
| Pension plan accruals and contributions | $5,960 |
| Other employee benefits | $0 |
| Payroll taxes | $25,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| 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 | $26,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,711 |
| Insurance | $11,269 |
| All other expenses | $68,291 |
| Total functional expenses | $706,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,236 |
| Savings and temporary cash investments | $113,363 |
| 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 |
| Net Land, buildings, and equipment | $536,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $963,251 |
| 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 | $385,504 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $385,504 |
| Net assets without donor restrictions | $562,498 |
| Net assets with donor restrictions | $15,249 |
| 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 | $963,251 |
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