Denison Area Chamber Of Commerce
- Assets
- $265.5k
- Revenue
- $346.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Denison, TX
- Founding
- 04/1941
- Data as of
- 12/2021
- EIN
- 75-0232500
Organization Overview
Denison Area Chamber Of Commerce is located in Denison, TX. The organization was established in 1941. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Denison Area Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denison 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 12/2021, Denison Area Chamber Of Commerce generated $346.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $372.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHAMBER OF COMMERCE WHICH PROMOTES ECONOMIC GROWTH AND AWARENESS OF THE DENISON TEXAS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR NUMEROUS EVENTS WHICH BRING PEOPLE TO THE COMMUNITY PROMOTING ECONOMIC GROWTH AND AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Theall CEO | 40 | $78,220 | |
Jason Taylor Vice President | OfficerTrustee | 2 | $0 |
Joey Gunn Past Chair | OfficerTrustee | 2 | $0 |
Zac Duce Treasurer | OfficerTrustee | 1 | $0 |
Deeann Abner Vice President | OfficerTrustee | 1 | $0 |
John Akers Incoming Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $102,880 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,027 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,438 |
| Noncash contributions included in lines 1a–1f | $2,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,345 |
| Total Program Service Revenue | $0 |
| Investment income | $3,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,794 |
| 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. | $78,220 |
| Compensation of current officers, directors, key employees. | $7,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,033 |
| Payroll taxes | $14,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,988 |
| Advertising and promotion | $62,363 |
| Office expenses | $10,752 |
| Information technology | $11,475 |
| Royalties | $0 |
| Occupancy | $18,286 |
| Travel | $5,163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,247 |
| Interest | $625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,780 |
| Insurance | $9,249 |
| All other expenses | $7,076 |
| Total functional expenses | $372,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,643 |
| Savings and temporary cash investments | $107,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $145,356 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $265,543 |
| Accounts payable and accrued expenses | $11,046 |
| 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 | $75,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $86,046 |
| Net assets without donor restrictions | $179,497 |
| Net assets with donor restrictions | $0 |
| 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 | $265,543 |
Grants Awarded
Over the last fiscal year, Denison Area Chamber Of Commerce has awarded $66,641 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DENISON ARTS COUNCIL PURPOSE: Promote the arts in Denison Texas | $51,641 |
RED RIVER RAILROAD MUSEUM PURPOSE: Provides funding for museum | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Orleans Physician Services Inc Marrero, LA | $14,295,398 | $37,317,749 |
Circuit Events Local Organizing Committee Austin, TX | $5,758,250 | $14,482,431 |
American Productivity & Quality Center Inc Houston, TX | $30,940,165 | $18,224,607 |
Dallas Tourism Public Improvement District Corporation Dallas, TX | $29,263,170 | $10,147,188 |
Better Business Bureau Of North Central Texas Inc Dallas, TX | $3,812,795 | $6,541,958 |
Arkansas Capital Corporation Little Rock, AR | $35,717,433 | $8,371,701 |
Open Compute Project Foundation Austin, TX | $5,357,330 | $7,132,647 |
San Antonio Tourism Public Improvement District Corporation San Antonio, TX | $8,579,205 | $6,386,484 |
William A Lawson Institute For Peace & Prosperity Houston, TX | $12,461,470 | $3,692,985 |
Dottie System Inc Baton Rouge, LA | $4,069,603 | $4,084,315 |
Oklahoma Alliance For Manufacturing Excellence Inc Tulsa, OK | $2,792,871 | $3,651,596 |
La Fe Preparatory School Inc El Paso, TX | $1,712,513 | $2,611,735 |