South Montgomery County Woodlands Chamber Of Commerce
- Assets
- $760.7k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- The Woodlands, TX
- Founding
- 10/1979
- Data as of
- 08/2023
- 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 08/2023, South Montgomery County Woodlands Chamber Of Commerce employed 14 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 08/2023, South Montgomery County Woodlands Chamber Of Commerce generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.0m during the year ending 08/2023. While expenses have increased by 1.0% 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
2023
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
CHAIRMAN'S BALL- AN EVENT THAT HONORS THE OUTGOING CHAIRMAN OF THE BOARD AND WELCOMES THE INCOMING CHAIRMAN. THIS PRESENTS AN OPPORTUNITY FOR GUESTS TO INTERACT WITH THE BOARD, AS WELL AS FOR BUSINESSES TO SHOWCASE THEIR COMPANIES AND MARKET TO EACH OTHER. EST. 650 ATTENDEES
THE ECONOMIC OUTLOOK CONFERENCE IS AN OPPORTUNITY FOR HIGH-PROFILE BUSINESS LEADERS TO GAIN INSIGHT AND KNOWLEDGE ON THE TRAJECTORY OF THE ECONOMY AND WAYS TO PREPARE FOR THE COMING GROWTH. GLOBAL, NATIONAL AND LOCAL SPEAKERS ADDRESS ATTENDEES ON THE ECONOMY, TRENDS AND GROWTH. EST. 800 ATTENDEES.
TASTE OF THE TOWN IS AN EVENT FOR OVER 40 LOCAL RESTAURANTS TO PROVIDE SAMPLES TO MEMBERS OF THE COMMUNITY. RESTAURANTS SHOWCASE THEIR FARE, WHILE OTHER LOCAL BUSINESSES UTILIZE BOTH SPONSORSHIP AND AMBASSADOR OPPORTUNITIES. EST. 3,000 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J J Hollie President & CEO | Officer | 40 | $161,725 |
Jim Carman Chairman | OfficerTrustee | 2 | $0 |
Jim Crowder Vice President | OfficerTrustee | 2 | $0 |
Ann Wolford Vice President | OfficerTrustee | 2 | $0 |
Nicole Preston Vice President | OfficerTrustee | 2 | $0 |
Angela Storseth-Cooper Vice President | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,016,118 |
| Investment income | $345 |
| 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 | $2,091,565 |
| 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. | $161,725 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,763 |
| Pension plan accruals and contributions | $20,824 |
| Other employee benefits | $70,410 |
| Payroll taxes | $45,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,170 |
| Office expenses | $23,233 |
| Information technology | $50,234 |
| Royalties | $0 |
| Occupancy | $296,765 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $593,570 |
| Interest | $13,057 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,582 |
| Insurance | $12,813 |
| All other expenses | $55,716 |
| Total functional expenses | $2,045,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,182 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,415 |
| 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 | $33,849 |
| Net Land, buildings, and equipment | $241,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $760,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $689,461 |
| 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 | $235,701 |
| Other liabilities | $0 |
| Total liabilities | $925,162 |
| Net assets without donor restrictions | $0 |
| 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 | -$164,493 |
| Total liabilities and net assets/fund balances | $760,669 |