Salado Chamber Of Commerce
- Assets
- $71.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salado, TX
- Founding
- 07/1983
- Data as of
- 12/2023
- EIN
- 74-2248323
Organization Overview
Salado Chamber Of Commerce is located in Salado, TX. The organization was established in 1983. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salado 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 12/2023, Salado Chamber Of Commerce generated $108.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $98.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT THE BUSINESS ENVIRONMENT IN SALADO AND SURROUNDING AREAS BY ACTIVELY PROMOTING MEMBER BUSINESSES,DEVELOPMENT & GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Kunz Secretary | 5 | $0 | |
Larry Templin Treasurer | 1 | $0 | |
Hillary Glossup Director | 1 | $0 | |
Jennifer Abraham Director | 1 | $0 | |
Deanna Whitson Chairman | 1 | $0 | |
Lary Tracy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,954 |
| Total Program Service Revenue | $0 |
| Membership dues | $50,900 |
| Investment income | $158 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $36,115 |
| Other Revenue | $0 |
| Total Revenue | $108,127 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,003 |
| Professional fees and other payments to independent contractors | $1,489 |
| Occupancy, rent, utilities, and maintenance | $17,528 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $30,636 |
| Total expenses | $98,722 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,157 |
| Other assets | $0 |
| Total assets | $71,035 |
| Total liabilities | $3,329 |
| Net assets or fund balances | $67,706 |