The Longview Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $999.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Longview, TX
- Founding
- 10/1942
- Data as of
- 12/2021
- 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 12/2021, Longview Chamber Of Commerce employed 9 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 12/2021, Longview Chamber Of Commerce generated $999.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $946.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Hall President | Officer | 50 | $131,750 |
Brian Daugbjerg Vice Chairma | OfficerTrustee | $0 | |
Kevin Hood Chairman Ele | OfficerTrustee | $0 | |
Kristen Ishihara City Coun Ex | OfficerTrustee | $0 | |
Chuck King Past Chairma | OfficerTrustee | $0 | |
Jessica Larue Chairman Of | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $355,063 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,099 |
| Total Program Service Revenue | $349,185 |
| Investment income | $1,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,544 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $119,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $999,719 |
| 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. | $131,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,022 |
| Pension plan accruals and contributions | $26,040 |
| Other employee benefits | $37,665 |
| Payroll taxes | $31,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,200 |
| Advertising and promotion | $0 |
| Office expenses | $16,207 |
| Information technology | $21,932 |
| Royalties | $0 |
| Occupancy | $31,226 |
| Travel | $9,092 |
| 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 | $32,334 |
| Insurance | $11,377 |
| All other expenses | $71,925 |
| Total functional expenses | $946,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,981 |
| Savings and temporary cash investments | $210,640 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $460,677 |
| 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 | $44,106 |
| Net Land, buildings, and equipment | $238,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $1,153,813 |
| Accounts payable and accrued expenses | $47,892 |
| Grants payable | $0 |
| Deferred revenue | $393,736 |
| 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 | $6,519 |
| Total liabilities | $448,147 |
| Net assets without donor restrictions | $652,732 |
| Net assets with donor restrictions | $52,934 |
| 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 | $1,153,813 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Longview Chamber Of Commerce has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Eastman Credit Union Kingsport, TN PURPOSE: GENERAL ASSISTANCE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Convention & Visitors Bureau Dallas, TX | $16,156,055 | $23,486,746 |
Houston Association Of Realtors Houston, TX | $18,624,507 | $23,447,617 |
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |