Dallas Regional Chamber

Organization Overview

Dallas Regional Chamber is located in Dallas, TX. The organization was established in 1935. 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 12/2021, Dallas Regional Chamber employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Regional Chamber 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, Dallas Regional Chamber generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 3.1% 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.

Since 2018, Dallas Regional Chamber has awarded 18 individual grants totaling $610,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE DALLAS REGIONAL CHAMBER PROMOTES PROSPERITY TO THE GREATER DALLAS REGION THROUGH ECONOMIC DEVELOPMENT, EDUCATION, ... (CONTINUED ON SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT: THE DRC CONTINUES TO SUPPORT THE REGION'S ECONOMIC GROWTH BY IDENTIFYING, RECRUITING, AND ASSISTING NEW COMPANIES TO RELOCATE TO THE REGION AND BECOME ENGAGED IN THE REGIONS BUSINESS COMMUNITY AND ACTIVITIES. DURING THE YEAR SEVERAL MORE COMPANIES, INCLUDING CORPORATE HEADQUARTERS, CONTINUED TO RELOCATE AND MAKE DALLAS REGION THEIR LOCATION OF CHOICE.


COMMUNITY ENGAGEMENT: THE DRC, WORKING WITH THE BUSINESS COMMUNITY MANAGES AND FACILITATES SEVERAL ACTIVITIES IN THE COMMUNITIES WHICH MAY BE UNDERSERVED AND UNDER-REPRESENTED, ATTEMPTING TO EXPAND THE ECONOMIC DEVELOPMENT IN THESE AREAS. DURING THE YEAR, DRC FUNDED AND EXECUTED A HIGHLY SUCCESSFUL PUBLIC SERVICE ANNOUNCEMENT VACCINE CAMPAIGN THAT TARGETED HIGH RISK COMMUNITIES IN THE REGION, WORKING WITH OUR PARTNERS TO INCREASE THE LEVEL OF RESIDENTS AND EMPLOYEES TO BECOME VACCINATED.


EDUCATION: THE DRC CONTINUES TO MANAGE AND FACILITATE PROGRAMS IN THE REGION THAT SUPPORT THE WORKFORCE AND TALENT REQUIREMENTS FOR BUSINESS, WITH A GOAL TO INCREASE THE NUMBER OF PEOPLE WHO CAN EARN A LIVING WAGE. DURING THE YEAR, THE DRC CONTINUED WITH ITS PARTNERS DEVELOPING AND EXECUTING THE DALLAS THRIVES PROGRAM IN THE EDUCATION AND WORKFORCE AREA.


OTHER SERVICE PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
Dale Petroskey
President & CEO
$589,573
Angela Farley
Coo/cfo
$338,364
Michael Rosa
SVP Economic Development
$244,670
Duane Dankesreiter
SVP Bus Info & Research
$184,866
Matthew R Garcia
SVP - Public Policy
$179,179
Jessica Heer
SVP Talent Attraction & Leader
$174,182

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,762,526
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$407,538
Noncash contributions included in lines 1a–1f $72,538
Total Revenue from Contributions, Gifts, Grants & Similar$3,170,064
Total Program Service Revenue$5,360,563
Investment income $95,385
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $253,838
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,505,789

Grants Awarded

Over the last fiscal year, Dallas Regional Chamber has awarded $245,000 in support to 12 organizations.

Grant RecipientAmount

INCLUSIVE COMMUNITIES PROJECT

Org PageRecipient Profile

Dallas, TX

PURPOSE: Preserve & protect Floral Farms Space

$50,000

COMMUNITIES FOUNDATION OF TEXAS INC

Org PageRecipient Profile

Dallas, TX

PURPOSE: DMN Education Lab

$35,000

DALLAS DEVELOPMENT FUND

Org PageRecipient Profile

Dallas, TX

PURPOSE: Match-Funding to an Awardee of our choosing

$30,000

SOUTHERN GATEWAY PUBLIC GREEN FOUNDATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: Continue Marketing Community Engagement & Outreach

$25,000

LOS BARRIOS UNIDOS COMMUNITY CLINIC

PURPOSE: Stop spread Covid-19 in hard hit community

$25,000

THE UNIVERSITY OF TEXAS AT ARLINGTON

PURPOSE: Graduate Research Assistant

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Dallas Regional Chamber has recieved totaling $331,075.

Awarding OrganizationAmount
Quality Of Life Foundation For Metropolitan Dallas

Dallas, TX

PURPOSE: Economic Development, Talent ATT., Etc.

$310,700
Texas Health Resources

Arlington, TX

PURPOSE: General Purpose

$10,375
National Skills Coalition

Washington, DC

PURPOSE: BLU SUBGRANT AGREEMENT

$10,000
View Grant Recipient Profile

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