Waco Chamber Of Commerce
- Assets
- $2.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Waco, TX
- Founding
- 02/1936
- Data as of
- 12/2021
- EIN
- 74-0967440
Organization Overview
Waco Chamber Of Commerce is located in Waco, TX. The organization was established in 1936. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Waco Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco 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, Waco Chamber Of Commerce generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. 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
PROMOTE COMMERCE & ECO DEV IN WACO
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE COMMERCE & ECONOMIC DEVELOPMENT IN WACO, TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Meadors CEO | Officer | 40 | $256,088 |
Kristina Collins VP | Officer | 40 | $152,365 |
Seth Morris VP | Officer | 40 | $93,079 |
Jason Powers VP | Officer | 40 | $78,238 |
Jessica Attas VP | Officer | 40 | $22,730 |
Jennifer Manning Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $867,848 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $995,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $697,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,560,892 |
| Total Program Service Revenue | $1,264,494 |
| Investment income | $1,434 |
| 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 | $3,835,143 |
| 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. | $602,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $619,353 |
| Pension plan accruals and contributions | $112,470 |
| Other employee benefits | $102,351 |
| Payroll taxes | $78,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,560 |
| 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 | $56,618 |
| Information technology | $20,646 |
| Royalties | $0 |
| Occupancy | $192,740 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,683 |
| Insurance | $27,460 |
| All other expenses | $1,218,197 |
| Total functional expenses | $3,114,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,698,943 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $43,750 |
| Accounts receivable, net | $9,887 |
| 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 | $47,848 |
| Net Land, buildings, and equipment | $70,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,870,521 |
| Accounts payable and accrued expenses | $52,053 |
| Grants payable | $0 |
| Deferred revenue | $506,020 |
| 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 | $162,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $720,186 |
| Net assets without donor restrictions | $2,150,335 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,870,521 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Waco Chamber Of Commerce has recieved totaling $118,106.
| Awarding Organization | Amount |
|---|---|
Baylor University Waco, TX PURPOSE: Event Sponsorships | $54,606 |
Magnolia Foundation Waco, TX PURPOSE: UNRESTRICTED DONATION | $40,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $7,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |