Weslaco Chamber Of Commerce is located in Weslaco, TX. The organization was established in 1988. 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 09/2023, Weslaco Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weslaco 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 09/2023, Weslaco Chamber Of Commerce generated $497.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $410.6k during the year ending 09/2023. While expenses have increased by 0.9% per year over the past 8 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
WE PROVIDE LEADERSHIP TO ADVANCE A PROSPEROUS ECONOMY THAT ENHANCES THE QUALITY OF LIFE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WACC PROVIDES VARIOUS PROGRAMS AND INITIATIVES TO PREPARE FUTURE LEADERS OF OUR COMMUNITY THROUGH VARIOUS EDUCATIONAL PROGRAMS. THESE PROGRAMS SUPPORT OUR BUSINESS ALLIANCES IN THE DEVELOPMENT OF SKILLS NECESSARY TO RUN A SUCCESSFUL BUSINESS. WE HOST AN ANNUAL LEADERSHIP MID VALLEY INITIATIVE WHICH CONSISTS OF 8 MONTHS OF CONTINUING EDUCATION IN VARIOUS TOPICS. TO DATE THE LEADERSHIP PROGRAM HAS HELD 17 YEARS OF COHORTS, WITH OVER 180 ALUMNI OF LEADERS SERVING THE COMMUNITY AT LARGE. WE OFFER VARIOUS OPPORTUNITIES FOR THE COMMUNITYS YOUTH TO PREPARE FOR THE FUTURE INCLUDING THE WESLACO ROYAL PAGEANT THAT HAS A 67 YEAR HISTORY IN THE COMMUNITY. THE PAGEANT SUPPORTS PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT OF OUR YOUTH. WE HOST A BACK TO SCHOOL EVENT THAT SERVES OVER 300 MID VALLEY EDUCATORS AND AN EDUCATION DAY WITH A UTRGV UPWARD BOUND GROUP THAT HAD PRESENTATIONS FROM BUSINESS LEADERS IN STEM CAREERS FOR STUDENTS IN HIGH SCHOOL.
THE WACC HAS NUMEROUS MEMBERSHIP SERVICES FOR BUSINESSES THROUGH A VARIETY OF PROGRAMS AND OPPORTUNITIES. IN 2022-23, WE HELD 47 RIBBON CUTTINGS TO CELEBRATE MEMBERS ACHIEVEMENTS AND ACCOMPLISHMENTS. WE HELD 24 NETWORKING EVENTS, INCLUDING JOB FAIRS AND COMMUNITY EVENTS. WE OFFERED ADVANCE SEO ON OUR WEBSITE AND HAD OVER 280,000 VIEWS. WE HAVE INITIATED STRONGER SUPPORT LOCAL INITIATIVES THROUGH OUR CASH MOBS THAT SUPPORT RETAILERS AND LUNCH MOBS THAT SUPPORT LOCAL RESTAURANTS, ALL WHILE ENHANCING OUR CONNECTIONS WITH PEERS. WEVE HELD WORKSHOPS IN LEADERSHIP, CUSTOMER SERVICE, SMALL BUSINESS FINANCIALS,SMALL BUSINESS OPERATIONS AND STRATEGIES, AS WELL AS SEMINARS ON HOTEL TAX LAW. WE ADDED 57 MEW MEMBERS WHILE HAVING AN 82% RETENTION RATE OVERALL. AT THE END OF THE YEAR, WE HAD 357 MEMBERS.
THE WACC FOCUSES ON ADVERTISING OUTSIDE OF WESLACO TO PROMOTE WESLACO AS A VISITORS DESTINATION. MARKETING IS DONE IN A VARIETY OF WAYS, INCLUDING ADVERTISING, BILLBOARDS, CITY PROMOTIONS, AND TRADE SHOWS. THIS YEAR, THE WESLACO VISITORS CENTER HAD 12,848 VISITORS COME IN FOR INFORMATION , EVENTS, OR SPECIAL PRESENTATIONS. IN THIS FISCAL YEAR, WE HAD OVER 35,000 PARTICIPANTS IN OUR COMMUNITY EVENTS SUCH AS THE ANNUAL CHRISTMAS PARADE, THE TEXAS ONION FESTIVAL AND SABOR WESLACO.WE REACH OVER 35,000 WINTER TEXAN VISITORS IN ORDER TO HELP THEM RELOCATE TO WESLACO DURING THE WINTER TEXAS SEASON. WE MARKET TO THE BIRDING COMMUNITY TO ENCOURGAGE THEM TO VISIT AND STAY IN WESLACO AND VISIT OUR 3 NATURE PARKS. OUR BORDER COMMUNITY MARKETING EFFORTS TO PROMOTE WESLACO IN MEXICO REACHES OVER 316,000 IMPRESSIONS. WE HAVE 2 BILLBOARDS THAT APPROXIMATELY 700,000 PEOPLE VIEW.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Barbara J Garza President CEO | Officer | 40 | $81,756 |
Alejandro Benavides Director | Trustee | 1 | $0 |
Sandy O Pena Director | Trustee | 1 | $0 |
Marty Masso Director | Trustee | 1 | $0 |
Roxanna Trevinio Director | Trustee | 1 | $0 |
Rosemarie Ellis Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $146,897 |
Fundraising events | $85,680 |
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 | $232,577 |
Total Program Service Revenue | $284,160 |
Investment income | $237 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$19,455 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $497,519 |
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. | $81,756 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $95,125 |
Pension plan accruals and contributions | $5,566 |
Other employee benefits | $16,799 |
Payroll taxes | $14,385 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,424 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $95 |
Advertising and promotion | $93,912 |
Office expenses | $9,463 |
Information technology | $3,579 |
Royalties | $0 |
Occupancy | $15,477 |
Travel | $1,769 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,810 |
Interest | $10,802 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $134 |
Insurance | $8,262 |
All other expenses | $0 |
Total functional expenses | $410,583 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $406,743 |
Savings and temporary cash investments | $230,391 |
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 | $287 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $637,421 |
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 | $67,602 |
Other liabilities | $3,338 |
Total liabilities | $70,940 |
Net assets without donor restrictions | $566,481 |
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 | $637,421 |