Angleton Chamber Of Commerce
- Assets
- $1.0m
- Revenue
- $436.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Angleton, TX
- Founding
- 06/1966
- Data as of
- 12/2021
- EIN
- 74-1310231
Organization Overview
Angleton Chamber Of Commerce is located in Angleton, TX. The organization was established in 1966. 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, Angleton Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angleton 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, Angleton Chamber Of Commerce generated $436.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $366.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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 ENHANCE ECONOMIC GROWTH BY FOCUSING ON EDUCATION, CONNECTIVITY, AND STRENGTHENING THE HEARTBEAT OF OUR BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADING ANGLETON AND BRAZORIA COUNTY AS THE "COMMUNITY OF CHOICE" FOR BUSINESS AND FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Belinda Gaines Vice Chair | OfficerTrustee | $0 | |
Dr Ron Slate Vice Chair | OfficerTrustee | $0 | |
Shane Jennings Chair Elect | OfficerTrustee | $0 | |
Gina Langlinais Vice Chair | OfficerTrustee | $0 | |
Jeff Bilyeu Board Chair | OfficerTrustee | $0 | |
Angela Dees Past Chair | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,769 |
| Total Program Service Revenue | $163,839 |
| Investment income | $2,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,313 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $436,034 |
| 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 | $160,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,534 |
| Payroll taxes | $12,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $675 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $609 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $36,257 |
| Information technology | $4,890 |
| Royalties | $0 |
| Occupancy | $8,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194 |
| Interest | $943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,036 |
| Insurance | $25,925 |
| All other expenses | $28,670 |
| Total functional expenses | $366,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,823 |
| Savings and temporary cash investments | $199,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,834 |
| 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 | $2,997 |
| Net Land, buildings, and equipment | $392,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,008,689 |
| Accounts payable and accrued expenses | $2,515 |
| 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 | $49,854 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,900 |
| Total liabilities | $207,269 |
| 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 | $801,420 |
| Total liabilities and net assets/fund balances | $1,008,689 |
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