Houston Northwest Chamber Of Commerce Inc
- Assets
- $496.3k
- Revenue
- $387.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Spring, TX
- Founding
- 02/1980
- Data as of
- 12/2023
- EIN
- 74-1802047
Organization Overview
Houston Northwest Chamber Of Commerce Inc is located in Spring, TX. The organization was established in 1980. 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 12/2023, Houston Northwest Chamber Of Commerce Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Northwest Chamber Of Commerce Inc 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 12/2023, Houston Northwest Chamber Of Commerce Inc generated $387.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $405.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HOUSTON NORTHWEST CHAMBER OF COMMERCE IS DEVELOPING SUCCESSFUL BUSINESSES AND THRIVING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE HOUSTON NORTHWEST CHAMBER OF COMMERCE IS TO PROMOTE AREA BUSINESSES AND ENHANCE MEMBER VALUE THROUGH REGULAR PROGRAMS AND EVENTS. SUCH ACTIVITIES INCLUDE NETWORKING EVENTS, OPEN TO MEMBERS AND NON-MEMBERS ALIKE, COMMUNITY LUNCHEONS INVOLVING AN AREA LEADER TO PROVIDE A KEYNOTE ADDRESS, A TABLE-TOP BUSINESS EXPO, AND SEVERAL INFORMATIONAL ECONOMIC FORUMS AND BUSINESS IMPROVEMENT SEMINARS. THE CHAMBER ALSO PERFORMS RIBBON CUTTINGS FOR NEW BUSINESSES AND PROVIDES PUBLICITY AND ADVERTISING OPPORTUNITIES FOR ITS MEMBERS. THE ORGANIZATIONS KEY INITIATIVE TO WAS TO RECRUIT AND RETAIN MEMBERSHIP. THIS WAS ACCOMPLISHED BY IMPLEMENTING SEVERAL MARKETING TACTICS SUCH AS SAME-DAY SIGN UP DISCOUNTS, FIRST YEAR MEMBER BENEFIT COMMUNICATIONS, RENEWAL ANNIVERSARY RESETS FOR PAST DUE MEMBERS, AND DUES INCREASE DELAY FOR EARLY RENEWALS. THE CHAMBER ADVOCATES WITH LOCAL AND STATE GOVERNMENT FOR FLOOD MITIGATION FUNDING, INCREASED LAW ENFORCEMENT/CRIME REDUCTION, AND TRANSPORTATION FUNDING. THE HOUSTON NORTHWEST CHAMBER OF COMMERCE ALSO FUNDS A LOCAL ECONOMIC DEVELOPMENT PROGRAM, WHICH WORKS WITH THE OTHER AREA ECONOMIC DEVELOPMENT ORGANIZATIONS AND THE STATE TO ATTRACT NEW BUSINESSES TO THE AREA AND RETAIN EXISTING BUSINESSES. ITS OTHER PRIMARY INITIATIVE IS TO CREATE MANAGEMENT DISTRICT IN THE SERVICE AREAS MAIN COMMERCIAL CORRIDOR. THIS EFFORT IS INTENDED TO ADDRESS CRIME, ECONOMICALLY DISTRESSED PROPERTIES AND ATTRACT NEW BUSINESSES TO THE AREA. THIS IS AN ONGOING EFFORT.
GROW NORTHWEST IS THE ECONOMIC DEVELOPMENT BRANCH OF THE HOUSTON NORTHWEST CHAMBER OF COMMERCE. PRIMARY GOALS INCLUDE: ATTRACTING NEW BUSINESS TO THE AREA, IMPROVING SAFETY & SECURITY, AND MARKETING AND BRANDING THE LOCAL COMMUNITY. GROW NORTHWEST'S PRIORITY INITIATIVE IS THE CREATION OF A MANAGEMENT DISTRICT ALONG THE PRIMARY COMMERCIAL CORRIDOR OF ITS SERVICE. THIS THOROUGHFARE HAS EXPERIENCED SIGNIFICANT ECONOMIC BLIGHT BROUGHT ON BY CRIME, VAGRANCY AND BUSINESS CLOSURES. A MANAGEMENT DISTRICT IS A MECHANISM THAT GENERATES RESOURCES THROUGH AN ASSESSMENT OF THE COMMERCIAL PROPERTIES WITHIN THE DISTRICT TO BRING ABOUT REVITALIZATION BY ENGAGING IN ECONOMIC DEVELOPMENT AND INFRASTRUCTURE IMPROVEMENTS ACTIVITIES. GROW NORTHWEST ALSO OFFERS ECONOMIC RESEARCH AND MARKET DATA FOR EXISTING AND PROSPECTIVE BUSINESSES LOOKING INTO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Lieb Jr President & | OfficerTrustee | 40 | $93,500 |
Clark Boyd Board Member | Trustee | 0.5 | $0 |
Les Cave Board Member | Trustee | 0.5 | $0 |
Scott Davis Chair | Trustee | 0.5 | $0 |
Davina Hosick Secretary | Trustee | 0.5 | $0 |
Grant Magness Chair Elect | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $288,442 |
| Fundraising events | $0 |
| 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 | $288,442 |
| Total Program Service Revenue | $84,399 |
| Investment income | $8,330 |
| 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 | $387,371 |
| 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 | $93,500 |
| Other salaries and wages | $104,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,776 |
| Payroll taxes | $16,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,513 |
| Advertising and promotion | $0 |
| Office expenses | $13,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121 |
| Insurance | $4,923 |
| All other expenses | $14,863 |
| Total functional expenses | $405,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,753 |
| 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 | $5,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,195 |
| Total assets | $496,318 |
| Accounts payable and accrued expenses | $3,476 |
| Grants payable | $0 |
| Deferred revenue | $122,010 |
| 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 | $149,074 |
| Total liabilities | $274,560 |
| Net assets without donor restrictions | $100,113 |
| Net assets with donor restrictions | $121,645 |
| 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 | $496,318 |