Waco Business League
- Assets
- $156.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 74-2318824
Organization Overview
Waco Business League is located in Waco, TX. The organization was established in 1984. 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. Waco Business League 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, Waco Business League generated $87.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $86.0k during the year ending 12/2021. While expenses have increased by 0.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUPPORT AND PROMOTION OF THE CITY OF WACO'S CHAMBER OF COMMERCE CIVIC ACTIVITIES AND OTHER PROJECTS WHICH PROMOTE WACO AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Anderson Executive Director(oct-Dec) | 20 | $12,381 | |
Ford Taylor President | 4 | $0 | |
Tate Christensen President-Elect | 1 | $0 | |
Glen Robinson Vice President | 1 | $0 | |
Jed Walker Secretary-Treasurer | 1 | $0 | |
Sarah Roberts Immediate Past President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $86,523 |
| Investment income | $978 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,501 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,000 |
| Professional fees and other payments to independent contractors | $2,463 |
| Occupancy, rent, utilities, and maintenance | $7,406 |
| Printing, publications, postage, and shipping | $209 |
| Other expenses | $19,950 |
| Total expenses | $86,028 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $156,239 |
| Other assets | $0 |
| Total assets | $156,343 |
| Total liabilities | $1,205 |
| Net assets or fund balances | $155,138 |
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