South Montgomery County Woodlands Chamber Of Commerce
- Assets
- $625.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 13
- Location
- The Woodlands, TX
- Founding
- 10/1979
- Data as of
- 08/2021
- EIN
- 74-2053667
Organization Overview
South Montgomery County Woodlands Chamber Of Commerce is located in The Woodlands, TX. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2021, South Montgomery County Woodlands Chamber Of Commerce employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Montgomery County Woodlands Chamber Of Commerce 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 08/2021, South Montgomery County Woodlands Chamber Of Commerce generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WOODLANDS AREA CHAMBER OF COMMERCE PROVIDES PATHWAYS TO OPPORTUNITIES THROUGH: ADVOCATING FOR THE BUSINESS COMMUNITY, CREATING MARKETING/NETWORKING OPPORTUNITIES, SERVING AS A PROFESSIONAL AND COMMUNITY RESOURCE, AND SUPPORTING CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOODLANDS AREA CHAMBER OF COMMERCE IS A MEMBER BASED ORGANIZATION THAT FACILITATES NETWORKING, MARKETING OPPORTUNITIES, BUSINESS ADVOCACY, PROFESSIONAL DEVELOPMENT, COMMUNITY RESOURCES AND VOLUNTEER OPPORTUNITIES IN ORDER TO CREATE A MORE POSITIVE AND SUCCESSFUL BUSINESS ENVIRONMENT. WE ACCOMPLISH THIS BY PROVIDING OUR MEMBER BUSINESSES AND/OR THE COMMUNITY VARIOUS RESOURCES AND SERVICES INCLUDING: PUBLICATIONS, EDUCATIONAL SEMINARS, NETWORKING AND COMMUNITY EVENTS, MARKETING AVENUES, MEETING ROOMS AND ELECTION INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jj Hollie President & CEO | OfficerTrustee | 40 | $155,736 |
Julie Ambler Vice Chairman | OfficerTrustee | 2 | $0 |
Randy Lovelace Vice President | OfficerTrustee | 2 | $0 |
Dan Alton Vice President | OfficerTrustee | 2 | $0 |
Angela Strong Vice President | OfficerTrustee | 2 | $0 |
Linda Nelson Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $878,645 |
| Fundraising events | $311,848 |
| Related organizations | $0 |
| Government grants | $134,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $50,647 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,324,710 |
| Total Program Service Revenue | $146,061 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$59,790 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,422,945 |
| 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. | $160,446 |
| Compensation of current officers, directors, key employees. | $70,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $376,206 |
| Pension plan accruals and contributions | $21,192 |
| Other employee benefits | $61,350 |
| Payroll taxes | $38,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,462 |
| Office expenses | $14,983 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $280,828 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,514 |
| Insurance | $11,949 |
| All other expenses | $102,556 |
| Total functional expenses | $1,594,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,359 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $6,868 |
| Net Land, buildings, and equipment | $281,531 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $625,758 |
| Accounts payable and accrued expenses | $13,235 |
| Grants payable | $0 |
| Deferred revenue | $557,231 |
| 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 | $191,173 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,033 |
| Total liabilities | $910,672 |
| Net assets without donor restrictions | -$284,914 |
| 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 | $625,758 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Montgomery County Woodlands Chamber Of Commerce has recieved totaling $6,025.
| Awarding Organization | Amount |
|---|---|
Methodist Hospital Group Houston, TX PURPOSE: SPONSORSHIP | $6,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |