United Corpus Christi Chamber Foundation
- Assets
- $253.3k
- Revenue
- $303.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Corpus Christi, TX
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 74-2401712
Organization Overview
United Corpus Christi Chamber Foundation is located in Corpus Christi, TX. The organization was established in 1986. 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. United Corpus Christi Chamber Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, United Corpus Christi Chamber Foundation generated $303.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $193.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER FOUNDATION ASSISTS SMALL BUSINESSES IN DEVELOPING AND MARKETING THEMSELVES AND EDUCATIONAL PROGRAMS TARGETING LEADERSHIP DEVELOPMENT, YOUTH, AIR QUALITY AND OTHER BUSINESS RELATED ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP CORPUS CHRISTI IS THE THIRD-OLDEST COMMUNITY LEADERSHIP PROGRAM IN THE COUNTRY. ESTABLISHED IN 1972, IT SERVES AS AN ELITE TRAINING PROGRAM FOR EMERGING AND EXISTING LEADERS. OVER A PERIOD OF NINE MONTHS, CLASS PARTICIPANTS LEARN ABOUT CORPUS CHRISTI HISTORY, ECONOMY, GOVERNMENT STRUCTURE, SOCIAL ISSUES AND NEEDS OF THE COMMUNITY.
LEADERSHIP CORPUS CHRISTI IS THE THIRD-OLDEST COMMUNITY LEADERSHIP PROGRAM IN THE COUNTRY. ESTABLISHED IN 1972, IT SERVES AS AN ELITE TRAINING PROGRAM FOR EMERGING AND EXISTING LEADERS. OVER A PERIOD OF NINE MONTHS, CLASS PARTICIPANTS LEARN ABOUT CORPUS CHRISTI HISTORY, ECONOMY, GOVERNMENT STRUCTURE, SOCIAL ISSUES AND NEEDS OF THE COMMUNITY.
CONQUER THE COAST IS AN ANNUAL CYCLING EVENT HELD IN CORPUS CHRISTI, TEXAS, EACH SEPTEMBER. THE EVENT FEATURES A 65-MILE RIDE WHICH ENCOMPASSES THE CORPUS CHRISTI BAY INCLUDING A BEAUTIFUL SUNRISE RIDE OVER HARBOR BRIDGE, A ROUTE THROUGH THE COASTAL COMMUNITIES AND FISHING VILLAGES OF PORTLAND, INGLESIDE, ARANSAS PASS, AND PORT ARANSAS, A FERRY RIDE ACROSS THE INTERCOASTAL CANAL, A SCENIC CRUISE DOWN PADRE ISLAND CROSSING OVER THE JFK CAUSEWAY, A TOUR THROUGH NAVAL AIR STATION-CORPUS CHRISTI, AND A BIKE FRIENDLY PATH DOWN OCEAN DRIVE.
THE SMALL BUSINESS REGIONAL PANDEMIC RECOVERY GRANT PROGRAM IS A COLLABORATION BETWEEN UNITED CORPUS CHRISTI CHAMBER FOUNDATION, THE CITY OF CORPUS CHRISTI, AND THE PORT OF CORPUS CHRISTI TO JUMPSTART SMALL BUSINESSES AFFECTED BY THE COVID-19 SHUTDOWN. THE PROGRAM SUPPORTS BUSINESSES EXPERIENCING UNEXPECTED HARDSHIPS DUE TO THE GLOBAL PANDEMIC. ELIGIBLE BUSINESSES WILL RECEIVE FUNDS TO ENSURE THEY HAVE UNINTERRUPTED ACCESS TO UTILITIES AND ARE ABLE TO PAY OTHER WORKING CAPITAL EXPENSES DESPITE THE REVENUE LOSS AS A RESULT OF THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Larue Former President & CEO | OfficerTrustee | 1 | $0 |
Al Arreola Jr President & CEO | OfficerTrustee | 1 | $0 |
Merida May Mendoza Chair Elect | OfficerTrustee | 1 | $0 |
Anna Aldridge Treasurer | OfficerTrustee | 1 | $0 |
Eric Villarreal Pe Immediate Past Chair | OfficerTrustee | 1 | $0 |
Samuel Longoria Chair | OfficerTrustee | 1 | $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 | $302,989 |
| Investment income | $192 |
| 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 | $303,181 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,976 |
| Total functional expenses | $193,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,869 |
| 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 | $7,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $253,296 |
| Accounts payable and accrued expenses | $21,421 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $169 |
| Total liabilities | $21,590 |
| Net assets without donor restrictions | $230,706 |
| Net assets with donor restrictions | $1,000 |
| 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 | $253,296 |