The Longview Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $963.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Longview, TX
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 75-0400490
Organization Overview
The Longview Chamber Of Commerce is located in Longview, TX. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Longview Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longview 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, Longview Chamber Of Commerce generated $963.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $964.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 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
TO ENHANCE ECONOMIC GROWTH OF THE LONGVIEW, TEXAS TRADE AREA BY FOCUSING ON EDUCATION, PROMOTION, AND DEVELOPMENT OF THE BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMBER OF COMMERCE ACTIVITIES - STATEMENT ATTACHED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Hall President | Officer | 50 | $131,911 |
Jill Alley Chair Of Fin | OfficerTrustee | $0 | |
Ray Bostick Director | Trustee | $0 | |
Andrew Coggins Director | Trustee | $0 | |
Brian Daugbjerg Vice Chairma | OfficerTrustee | $0 | |
Adrienne Deason Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $345,239 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,252 |
| Total Program Service Revenue | $402,035 |
| Investment income | $1,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,100 |
| Net Gain/Loss on Asset Sales | -$153 |
| Net Income from Fundraising Events | $123,997 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $963,776 |
| 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. | $131,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,663 |
| Pension plan accruals and contributions | $21,959 |
| Other employee benefits | $34,225 |
| Payroll taxes | $27,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,184 |
| Advertising and promotion | $0 |
| Office expenses | $10,288 |
| Information technology | $18,617 |
| Royalties | $0 |
| Occupancy | $38,556 |
| Travel | $9,582 |
| 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 | $34,079 |
| Insurance | $16,272 |
| All other expenses | $72,014 |
| Total functional expenses | $964,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,413 |
| Savings and temporary cash investments | $286,350 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $502,388 |
| 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 | $24,201 |
| Net Land, buildings, and equipment | $226,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $1,157,413 |
| Accounts payable and accrued expenses | $50,639 |
| Grants payable | $0 |
| Deferred revenue | $397,577 |
| 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 | $3,884 |
| Total liabilities | $452,100 |
| Net assets without donor restrictions | $659,270 |
| Net assets with donor restrictions | $46,043 |
| 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 | $1,157,413 |