Round Rock Chamber Of Commerce Inc
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Round Rock, TX
- Founding
- 08/1978
- Data as of
- 12/2021
- EIN
- 74-1983423
Organization Overview
Round Rock Chamber Of Commerce Inc, operating under the name Round Rock Chamber, is located in Round Rock, TX. The organization was established in 1978. 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, Round Rock Chamber employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Round Rock 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, Round Rock Chamber generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 0.4% 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 ROUND ROCK CHAMBER WILL LEAD ECONOMIC GENERATION IN ROUND ROCK THROUGH COLLABORATION WITH COMMUNITY AND BUSINESS LEADERS TO ESTABLISH PROGRAMS THAT SUPPORT BUSINESS GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE ROUND ROCK CHAMBER RE-ENGAGED GARNER ECONOMICS, A NATIONAL SITE SELECTION AND CONSULTING FIRM, TO REFRESH THE ORGANIZATION'S ECONOMIC DEVELOPMENT STRATEGY WITH AN UPDATED SET OF TARGET INDUSTRY SECTORS AND PROGRAM RECOMMENDATIONS. SIMULTANEOUSLY, THE CHAMBER HIRED GLOBAL ECONOMIC DEVELOPMENT MARKETING AGENCY, DEVELOPMENT COUNSELLORS INTERNATIONAL, TO LAUNCH AN EXTERNAL BRANDING AND MARKETING PLAN TO SUPPORT NATIONAL BUSINESS RECRUITMENT EFFORTS. THE RESULTS FROM BOTH INITIATIVES WILL SERVE AS A ROADMAP FOR EXECUTION OF THE CHAMBER'S ECONOMIC DEVELOPMENT PROGRAM FOR THE NEXT THREE TO FIVE YEARS.THE CHAMBER ALSO SUPPORTED THE RECRUITMENT AND EXPANSION OF BOTH NEW AND EXISTING BUSINESSES ACROSS A DIVERSE SET OF INDUSTRIES THAT REPRESENTS THE CREATION OF HUNDREDS OF NEW AND RETAINED JOBS AND MILLIONS OF DOLLARS IN NEW INVESTMENT IN THE COMMUNITY. IN ADDITION, THE CHAMBER'S ECONOMIC DEVELOPMENT DIVISION GENERATED 128 NEW BUSINESS PROSPECT LEADS, RESPONDED TO 28 PROPOSAL REQUESTS, HOSTED 8 PROSPECT VISITS AND PARTICIPATED IN 4 OUT-OF-MARKET ECONOMIC DEVELOPMENT MARKETING TRIPS. TO SUPPORT ROUND ROCK'S ENTREPRENEUR ECOSYSTEM, THE CHAMBER HOSTED MORE THAN 30 ENTREPRENEURSHIP EVENTS WITH MORE THAN 400 TOTAL ATTENDEES AND PROVIDED MORE THAN 100 HOURS OF ENTREPRENEURSHIP EDUCATION. IN ADDITION, THE CHAMBER TEAM ORGANIZED AND HOSTED 95 EVENTS AND INVESTOR ENGAGEMENT OPPORTUNITIES, INCLUDING VIRTUAL, HYBRID AND SOCIALLY-DISTANCED, IN-PERSON EVENTS, WITH A TOTAL ATTENDANCE OF MORE THAN 4,800 PEOPLE.FINALLY, SIGNIFICANT EFFORTS WERE MADE DURING THE 87TH LEGISLATIVE SESSION TO PROTECT PRO-BUSINESS POLICIES AND ECONOMIC DEVELOPMENT TOOLS THAT ALLOW US TO COMPETE FOR NEW BUSINESSES, WHILE ALSO SUPPORTING PROGRAMS THAT PROVIDE CRITICAL FUNDING FOR INFRASTRUCTURE AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Ball President/ceo | Officer | 40 | $184,662 |
Jordan Robinson VP Of Economic Development | Officer | 40 | $149,265 |
Avis Wukasch Director | Trustee | 2 | $0 |
John Howard Director | Trustee | 2 | $0 |
Regina Munson Director | Trustee | 2 | $0 |
Jeremy Barclay Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $146,012 |
| 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 | $151,012 |
| Total Program Service Revenue | $1,670,048 |
| Investment income | $3,286 |
| 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 | $1,901,799 |
| 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. | $363,681 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,322 |
| Pension plan accruals and contributions | $31,217 |
| Other employee benefits | $30,910 |
| Payroll taxes | $56,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,085 |
| Advertising and promotion | $52,179 |
| Office expenses | $35,015 |
| Information technology | $936 |
| Royalties | $0 |
| Occupancy | $23,242 |
| Travel | $21,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,355 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,796 |
| Insurance | $7,207 |
| All other expenses | $0 |
| Total functional expenses | $1,586,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,737 |
| Savings and temporary cash investments | $2,005,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,024 |
| 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 | $51,258 |
| Net Land, buildings, and equipment | $196,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,346,662 |
| Accounts payable and accrued expenses | $116,749 |
| Grants payable | $0 |
| Deferred revenue | $417,296 |
| 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 | $534,045 |
| Net assets without donor restrictions | $1,812,617 |
| 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 | $2,346,662 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Round Rock Chamber Of Commerce Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Us Chamber Of Commerce Foundation Washington, DC PURPOSE: Communications subgrant to support students awareness of potential career pathways. The subgrant contract requires a final report insuring funds were spent as required. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |