Mt Pleasant Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Mount Pleasant, TX
- Founding
- 01/1944
- Data as of
- 12/2022
- EIN
- 75-0452635
Organization Overview
Mt Pleasant Chamber Of Commerce is located in Mount Pleasant, TX. The organization was established in 1944. 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, Mt Pleasant Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Pleasant 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, Mt Pleasant Chamber Of Commerce generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $837.1k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ITS BUSINESS AND PROFESSIONAL MEMBERS AND ENHANCE THE QUALITY OF LIFE AND BUSINESS CLIMATE FOR ALL CITIZENS THROUGH ECONOMIC AND COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY AWARENESS: THE CHAMBER SPONSORS NUMEROUS SEMINARS, MEETINGS, AND OTHER ACTIVITIES, AS WELL AS A WEB PRESENCE TO ENGOURAGE EDUCATORS, LOCAL BUSINESSES, AND COMMUNITY MEMBERS TO TAKE A PROACTIVE ROLE TO FURTHER INTEREST OF MEMBER BUSINESSES WHILE PRESENTING AND MAINTAINING A HEALTHY AND PROGRESSIVE BUSINESS RESIDENTIAL COMMUNITY: AND TO ENGCOURAGE GROWTH IN ALL ASPECTS OF THE COMMUNITY.
TOURISM PROMOTION: THE CHAMBER SPONSORS VARIOUS EVENTS AND COMMUNITY ACTIVITIES THROUGHOUT THE YEAR TO PROMOTE INTERACTION BETWEEN MEMBER BUSINESSES AND VISITORS TO THE AREA TO ENCOURAGE TOURISM AND CULTIVATE A SHOP LOCAL ATTITUDE WITHIN THE COMMUNITY. THESE ACTIVITIES HAVE HELPED THE DOWNTWON MERCHANT MEMBERS MAINTAIN MARKETS WHEN MANY MODERATE SIZED COMMUNITIES HAVE SUFFERED ECONOMIC DOWNTURNS IN THEIR RESPECTIVE DOWNTOWN AREAS. THE CHAMBER OFFICE MAKES INFORMATION READILY AVAILABLE ON SITE THROUGH ELECTRONIC MEDIA REGARDING AREA AMENITIES AND ACTIVITIES TO VISITORS, NEWCOMERS, POTENTIAL RESIDENTS, AND BUSINESSES PROVIDING A "BEST FOOT FORWARD" APPROACH.
MEMBER SERVICES: THE CHAMBER PROVIDES NUMEROUS MEETINGS AND CONFERENCES FOR ITS MEMBERS TO PROMOTE A CONFIDENT AND AMENABLE BUSINESS ENVIRONMENT. THE CHAMBER SPONSORS REGULAR BREAKFASTS AND AFTER HOURS GATHERINGS, AS WELL AS NUMEROUS OTHER MEETINGS TO PROVIDE OPPORTUNITY FOR MEMBERS TO MET AND EXCHANGE IDEAS AND INFORMATION. ALL DONE IN AN EFFORT TO PROMOTE ITS MEMBERS AND THE COMMUNITY. THE CHAMBER ALSO COMPILES AND DISTRIBUTES A COMMUNITY BUSINESS DIRECTORY TO PROMOTE MEMBER BUSINESSES. THE PUBLICATION IS MADE AVAILABLE TO MEMBER BUSINESSES AND RESIDENTS AS WELL AS THOSE SEEKING COMMUNITY INFORMATION IN AN EFFORT TO PROMOTE NEW GROWTH AND EXISTING BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bonney President / | OfficerTrustee | 40 | $93,187 |
Suzie Castillo Incoming Cha | OfficerTrustee | 1 | $0 |
Lisa Maldonado Vice Chair | OfficerTrustee | 1 | $0 |
Tony Mize Past Chair | OfficerTrustee | 1 | $0 |
Keitha Nilsson Treasurer | OfficerTrustee | 1 | $0 |
Dr Tony Rundles Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $117,971 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,971 |
| Total Program Service Revenue | $648,504 |
| Investment income | $2,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,561 |
| Net Gain/Loss on Asset Sales | $768,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,546,010 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,489 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,179 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,684 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,406 |
| Advertising and promotion | $33,149 |
| Office expenses | $4,162 |
| Information technology | $23,478 |
| Royalties | $0 |
| Occupancy | $36,996 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,220 |
| Insurance | $18,678 |
| All other expenses | $75,963 |
| Total functional expenses | $837,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,641 |
| Savings and temporary cash investments | $957,243 |
| Pledges and grants receivable | $133,816 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,113 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,884 |
| Net Land, buildings, and equipment | $453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,172,150 |
| Accounts payable and accrued expenses | $36,761 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,761 |
| Net assets without donor restrictions | $1,135,389 |
| 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 | $1,172,150 |