Lavernia Chamber Of Commerce
- Assets
- $283.5k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- La Vernia, TX
- Founding
- 11/1951
- Data as of
- 12/2023
- EIN
- 74-1381802
Organization Overview
Lavernia Chamber Of Commerce is located in La Vernia, TX. The organization was established in 1951. 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. Lavernia Chamber Of Commerce is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Lavernia Chamber Of Commerce generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 74.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 71.1% per year over the past 5 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
PUBLIC SUPPORT/STUDENT PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RURAL COMMUNITY STOCK SHOW IS AN ANNUAL EVENT DESIGNED TO PROMOTE AND CELEBRATE THE AGRICULTURAL HERITAGE OF OUR LOCAL COMMUNITY WHILE FOSTERING YOUTH DEVELOPMENT AND COMMUNITY ENRICHMENT. THIS EVENT PROVIDES A PLATFORM FOR LOCAL AGRICULTURAL PRODUCERS AND YOUTH TO SHOWCASE THEIR LIVESTOCK AND AGRICULTURAL PROJECTS, ENHANCING PUBLIC AWARENESS OF RURAL AGRICULTURAL PRACTICES AND THE IMPORTANCE OF SUSTAINABLE FARMING.
$500 SCHOLARSHIPS TO 7 STUDENTS FOR COLLEGE TOTALLING $3,500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chrystal Coble Secretary | Officer | 0 | $0 |
Charity Schroeder Treasurer | Officer | 0 | $0 |
Gary Skryzcki President | Officer | 0 | $0 |
Keith Wildenstein Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $275 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,275 |
| Total Program Service Revenue | $1,002,370 |
| Investment income | $510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,929 |
| 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 | $17,904 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,033,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,012 |
| 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 | $0 |
| Information technology | $1,249 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,863 |
| Insurance | $8,052 |
| All other expenses | $1,005,681 |
| Total functional expenses | $1,045,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $68,448 |
| 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 | $1,540 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $212,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $283,457 |
| 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 | $86,172 |
| Other liabilities | $0 |
| Total liabilities | $86,172 |
| 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 | $197,285 |
| Total liabilities and net assets/fund balances | $283,457 |