Round Rock Chamber Of Commerce Inc
- Assets
- $3.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Round Rock, TX
- Founding
- 08/1978
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Round Rock Chamber generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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
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
THE ROUND ROCK CHAMBER'S ECONOMIC DEVELOPMENT STRATEGY STIMULATES JOB CREATION, ENCOURAGES BUSINESS INVESTMENT, NURTURES EXISTING LOCAL COMPANIES, AND EXPANDS THE CITY'S ECONOMIC BASE. WE FOCUS ON RECRUITMENT OF NEW BUSINESSES AND EXPANSION OF EXISTING BUSINESSES ACROSS A DIVERSE SET OF INDUSTRIES. ENTREPRENEURS, STARTUPS, AND SMALL BUSINESSES ARE THRIVING AS A RESULT OF THE CHAMBER'S PROGRAMS AND EXPERTISE. A NOTABLE INITIATIVE DURING 2023 NATIONAL SMALL BUSINESS WEEK WAS THE CHAMBER'S PITCH CONTEST WHICH FEATURED AREA ENTREPRENEURS AND AWARDED GRANTS TO SMALL BUSINESSES.WORKFORCE DEVELOPMENT AND EDUCATION ARE KEY AREAS OF WORK IN PARTNERSHIP WITH PRIMARY, SECONDARY, AND POST-SECONDARY INSTITUTIONS IN ROUND ROCK AND WILLIAMSON COUNTY. THE CHAMBER'S TALENT DEVELOPMENT COUNCIL DRIVES SPECIFIC INITIATIVES TO DEVELOP SUCCESSFUL CAREER PATHWAYS FOR ROUND ROCK STUDENTS WHILE CREATING SOLID TALENT PIPELINES FOR AREA EMPLOYERS.FOR OVER 35 YEARS, THE CHAMBER HAS CULTIVATED LOCAL LEADERS AND RAISED AWARENESS OF ISSUES AND OPPORTUNITIES THROUGH OUR LEADERSHIP ROUND ROCK PROGRAM. DURING 2023, THE CHAMBER EXPANDED OUR OUTREACH TO A BROADER AUDIENCE BY LAUNCHING A YOUNG PROFESSIONALS PROGRAM, INITIATING A DIVERSITY, EQUITY & INCLUSION COMMITTEE, AND HOSTING OUR SECOND WOMEN WHO MENA BUSINESS POWER LUNCH. THE CHAMBER ACTS AS A TRUSTED CONVENER FOR POLICYMAKERS AND THE BUSINESS COMMUNITY THROUGH OUR EVENTS, COMMITTEES, AND PROGRAMS WHILE WORKING TO FACILITATE FEDERAL, STATE, AND LOCAL COOPERATION. IN TIMES OF NEED, THE ROUND ROCK CHAMBER LEADS EFFORTS AND FINANCIAL CAMPAIGNS TO AID AFFECTED FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Barclay Chair | OfficerTrustee | 3 | $0 |
John Howard Past Chair | OfficerTrustee | 3 | $0 |
Mike Lancaster Treasurer | OfficerTrustee | 3 | $0 |
Selicia Sanchez-Adame Secretary | OfficerTrustee | 3 | $0 |
Jessica Scanlon Chair-Elect | OfficerTrustee | 3 | $0 |
Nick Albino Director | Trustee | 2 | $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 | $19,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,355 |
| Total Program Service Revenue | $2,199,294 |
| Investment income | $84,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,408,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,000 |
| 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. | $221,882 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $838,954 |
| Pension plan accruals and contributions | $32,307 |
| Other employee benefits | $82,381 |
| Payroll taxes | $75,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,473 |
| Advertising and promotion | $109,488 |
| Office expenses | $57,531 |
| Information technology | $13,745 |
| Royalties | $0 |
| Occupancy | $17,263 |
| Travel | $36,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,065 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,691 |
| Insurance | $7,252 |
| All other expenses | $0 |
| Total functional expenses | $2,090,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,940 |
| Savings and temporary cash investments | $2,631,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,762 |
| 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 | $48,917 |
| Net Land, buildings, and equipment | $155,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,063,239 |
| Accounts payable and accrued expenses | $129,423 |
| Grants payable | $0 |
| Deferred revenue | $536,865 |
| 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 | $666,288 |
| Net assets without donor restrictions | $2,396,951 |
| 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 | $3,063,239 |
Grants Awarded
Over the last fiscal year, Round Rock Chamber Of Commerce Inc has awarded $66,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BGE INC PURPOSE: ECONOMIC INCENTIVE TO INVEST IN THE COMMUNITY CREATING LOCAL JOBS | $16,000 |
SMARTER REALITY LLC PURPOSE: ECONOMIC INCENTIVE TO INVEST IN THE COMMUNITY CREATING LOCAL JOBS | $20,000 |
ELYSIUM ROBOTICS LLC PURPOSE: ECONOMIC INCENTIVE TO INVEST IN THE COMMUNITY CREATING LOCAL JOBS | $20,000 |
23YESFORRR PURPOSE: CONTRIBUTION TO THE PAC TO PROMOTE THE CITY BOND IN 2023 | $10,000 |