Rockport-Fulton Area Chamber Of Commerce
- Assets
- $1.0m
- Revenue
- $938.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Rockport, TX
- Founding
- 03/1954
- Data as of
- 09/2023
- EIN
- 74-1066091
Organization Overview
Rockport-Fulton Area Chamber Of Commerce is located in Rockport, TX. The organization was established in 1954. 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, Rockport-Fulton Area Chamber Of Commerce employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockport-Fulton Area 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, Rockport-Fulton Area Chamber Of Commerce generated $938.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $915.9k during the year ending 09/2023. While expenses have increased by 1.2% 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
PROMOTION OF COMMERCE AND TOURISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
WWW.ROCKPORT-FULTON.ORG/CHAMBER_PROGRAMS_EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Journeay Interim President/ceo | Officer | 40 | $47,269 |
Shelly Stuart New President/ceo | Officer | 40 | $7,500 |
Chad Lee Chairman | Trustee | 4 | $0 |
Courtney Sanchez Past Chairman | Trustee | 4 | $0 |
Jordan Pilgrim Vice Chairman | Trustee | 4 | $0 |
Jennifer Park Vice Chairman | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $223,338 |
| Fundraising events | $40,437 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,680 |
| Total Program Service Revenue | $527,393 |
| Investment income | $2,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,830 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $938,434 |
| 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. | $60,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $163,250 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,483 |
| Payroll taxes | $17,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $367,236 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,467 |
| Travel | $6,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,484 |
| Insurance | $28,912 |
| All other expenses | $98,515 |
| Total functional expenses | $915,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,834 |
| Savings and temporary cash investments | $314,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,863 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,293 |
| Prepaid expenses and deferred charges | $70,085 |
| Net Land, buildings, and equipment | $442,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $1,025,860 |
| Accounts payable and accrued expenses | $39,601 |
| Grants payable | $0 |
| Deferred revenue | $122,111 |
| 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 | $0 |
| Total liabilities | $161,712 |
| Net assets without donor restrictions | $864,148 |
| 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 | $1,025,860 |