Big Spring Area Chamber Of Commerce
- Assets
- $46.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Big Spring, TX
- Founding
- 07/1945
- Data as of
- 12/2022
- EIN
- 75-0182706
Organization Overview
Big Spring Area Chamber Of Commerce is located in Big Spring, TX. The organization was established in 1945. 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. As of 12/2022, Big Spring Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Spring Area 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 12/2022, Big Spring Area Chamber Of Commerce generated $159.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $163.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
DURING 2019, THE BIG SPRING AREA CHAMBER OF COMMERCE WAS ACTIVE IN ADVANCEING THE CIVIC, ECONOMIC, CULTURAL AND SOCIAL BETTERMENT AND INTEREST OF MEMBERS AND THE PEOPLE OF BIG SPRING AND HOWARD COUNTY AND ACTIVITLY PROMOTING AND EXPANDING THE BUSINESS OPPORTUNITES OF IT'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Valverde Executive Dir. | 40 | $74,572 | |
Mark L Morgan Treasurer | 0 | $0 | |
Marisha Beck Director | 0 | $0 | |
Michelle Hamlin Director | 0 | $0 | |
Kayla Jo Nichols Director | 0 | $0 | |
Manny Negron Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $159,356 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $159,365 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $114,047 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $9,478 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,199 |
| Total expenses | $163,724 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,028 |
| Other assets | $0 |
| Total assets | $46,839 |
| Total liabilities | $17,773 |
| Net assets or fund balances | $29,066 |