Llano Chamber Of Commerce
- Assets
- $125.7k
- Revenue
- $187.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Llano, TX
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 74-0749511
Organization Overview
Llano Chamber Of Commerce is located in Llano, TX. The organization was established in 1984. 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. Llano 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 12/2023, Llano Chamber Of Commerce generated $187.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $160.2k during the year ending 12/2023. While expenses have increased by 3.6% 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
TO ASSIST THE LOCAL BUSINESS, GOVERNMENTAL AND INDIVIDUAL COMMUNITY IN DEVELOPING BETTER BUSINESS RELATIONSHIPS AND TO INCREASE THE LOCAL REVENUE BASE BY ENCOURAGING TOURISM AND BUSINESS DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LLANO CHAMBER OF COMMERCE CONTINUES TO FOCUS OUR ATTENTION ON BRINGING VISITORS TO OUR TOWN TO DISCOVER THE PEACE AND SERENITY LLANO HAS TO OFFER ON A DAILY BASIS. WE HAVE QUAINT SHOPS, WONDERFUL RESTAURANTS, AND AN INCREASING NUMBER OF LIVE MUSIC VENUES IN TOWN. THE MISSION OF THE CHAMBER IS TO ENGAGE IN PROJECTS AND ACTIVITIES THAT HAVE A POSITIVE ECONOMIC IMPACT ON THE COMMUNITY AND/OR SERVE THE MEMBERS OF THE CHAMBER OF COMMERCE.
WE VIEW OUR VISITOR'S CENTER AS THE FIRST IMPRESSION MANY VISITORS HAVE OF LLANO. WE CONTINUED TO STRIVED TO BE ONE OF THE BEST IN TEXAS. EMPLOYEES ARE TERRIFIC REPRESENTATIVES TO CONVEY THEIR ENTHUSIASM ABOUT LLANO IN PERSON AND ON THE PHONE. THESE EMPLOYEES GIVE INFORMATION TO ENCOURAGE LONGER STAYS, ACTIVELY PROMOTE LOCAL DINING, LODGING, AND SHOPPING OPPORTUNITIES FOR VISITORS, AND SELL TICKETS TO ALL LOCAL EVENTS TO SUPPORT TOURIST AND COMMUNITY PARTICIPATION IN LOCAL EVENTS.
OUR WEB SITE WENT LIVE IN APRIL 2011. IT HELPS US STREAMLINE OPERATIONS OF THE VISITOR CENTER AND HAS INCREASED THE ADVERTISING OPPORTUNITIES OF OUR BUSINESS MEMBERS. GOOGLE ANALYTICS HELPS US TRACK THE NUMBER OF VISITS ON OUR WEB SITE AS WELL AS ENGAGEMENT OF ACTIVITY ON OUR SITE. WE ARE ABLE TO DETERMINE DEMOGRAPHICS OF OUR WEBISTE VISITORS WHICH ASSIST US IN TARGETING LOCATIONS TO FOCUS OUR PRINT ADVERTISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Baugus Chairman | Trustee | 5 | $0 |
Tony Guidroz Director | Trustee | 5 | $0 |
George Fricke 1st Vice Chair | Trustee | 5 | $0 |
John Roberie 2nd Vice Chairm | Trustee | 5 | $0 |
Ron Wood Member | Trustee | 5 | $0 |
Jeff Scoggins Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,972 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,972 |
| Total Program Service Revenue | $64,790 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,162 |
| 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 | $46,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,748 |
| Office expenses | $5,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,542 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,286 |
| All other expenses | $3,499 |
| Total functional expenses | $160,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,687 |
| 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 |
| Net Land, buildings, and equipment | $993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,680 |
| 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 | $1,380 |
| Total liabilities | $1,380 |
| 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 | $124,300 |
| Total liabilities and net assets/fund balances | $125,680 |