Schertz Business Association
- Assets
- $498.9k
- Revenue
- $668.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Schertz, TX
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 74-1900371
Organization Overview
Schertz Business Association, operating under the name The Chamber, is located in Schertz, TX. The organization was established in 1994. 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, Chamber employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chamber 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, Chamber generated $668.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $586.9k during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CHAMBER IS TO SERVE, PROMOTE AND ENHANCE ECONOMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED CONTRIBUTIONS TO CLEMENS AND STEELE HS PROJECT GRADUATIONS IN THE AMOUNTS OF 500 EACH, AND CONTRIBUTED 5,414 TO EACH HIGH SCHOOL FOR THEIR DECA PROGRAMS. OUR YOUNG PROFESSIONALS GROUP, HYPER, HAD A SHRED DAY AND DONATED 1,600 RAISED IN DINNERS FOR THANKSGIVING AND CHRISTMAS, AND CHRISTMAS PRESESNTS FOR ADOPTED RACAP FAMILIES.
ASSISTED IN ADVOCACY FOR LOCAL BUSINESSES WITH CITIES OF SCHERTZ, CIBOLO AND SELMA ON ISSUES OF ZONING, VARIANCES, SIGNS, PERMITS AND PROPERTY USE. PROVIDED NETWORKING AND MARKETING OPPORTUNITIES FOR OUR MEMBERSHIP THROUGH MONTHLY EVENTS, ANNUAL EVENTS, WEBSITE AND SOCIAL MEDIA, CONDUCTED BUSINESS EDUCATION AND LEADERSHIP CLASSES, CURRENTLY ON BOARDS FOR CTE, COMMUNITY ADVISORY COMMITTEE AND FRIENDS OF NIGHTHAWKS, CENTER OF CHAMBER OF COMMERCE EXCELLENCE, MILITARY AFFAIRS FOR RAFB AND HONORARY COMMANDER OF THE 558TH SQUADRON ON RAFB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Haile Past Chair | OfficerTrustee | 1.4 | $0 |
Jill Carpenter Chair | OfficerTrustee | 2.3 | $0 |
Charlie Weisinger Treasurer (j | OfficerTrustee | 1.2 | $0 |
Stacy Husted Secretary | OfficerTrustee | 1.4 | $0 |
Hengam Stanfield Chair Elect | OfficerTrustee | 2.3 | $0 |
Olaf Emblem Treasurer (j | OfficerTrustee | 2.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $865 |
| Noncash contributions included in lines 1a–1f | $865 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865 |
| Total Program Service Revenue | $308,985 |
| Investment income | $4,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $302,596 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $668,524 |
| 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. | $94,035 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,219 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,364 |
| Payroll taxes | $21,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,831 |
| Advertising and promotion | $19,111 |
| Office expenses | $81,978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,890 |
| Travel | $3,483 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,367 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,457 |
| Insurance | $3,072 |
| All other expenses | $0 |
| Total functional expenses | $586,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,097 |
| Savings and temporary cash investments | $197,126 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,317 |
| 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 | $6,700 |
| Net Land, buildings, and equipment | $11,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $498,888 |
| Accounts payable and accrued expenses | $2,270 |
| Grants payable | $0 |
| Deferred revenue | $33,331 |
| 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 | $5,059 |
| Other liabilities | $2,154 |
| Total liabilities | $42,814 |
| Net assets without donor restrictions | $456,074 |
| 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 | $498,888 |
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