Tyler Chamber Of Commerce
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Tyler, TX
- Founding
- 00/0000
- Data as of
- 09/2023
- EIN
- 75-0624670
Organization Overview
Tyler Chamber Of Commerce is located in Tyler, TX. The organization was established in 0000. 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 09/2023, Tyler Chamber Of Commerce employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tyler 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 09/2023, Tyler Chamber Of Commerce generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE TYLER AREA TO ENCOURAGE ECONOMIC GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION AND VISITORS SERVICES - THE CVS WORKS TO GENERATE OVERNIGHT STAYS IN LOCAL HOTELS BY ATTRACTING AND SERVICING GROUP BUSINESS SUCH AS CONVENTIONS, REUNIONS AND SPORTING EVENTS AND TO PROMOTE TYLER TO LEISURE TOURIST AND GROUP TOURS. AS A RESULT OF THESE SERVICES, 2,017 VISITOR PACKETS WERE MAILED TO INTERESTED PARTIES AND 14 TOUR GROUPS. THE ESTIMATED ECONOMIC IMPACT OF THESE SERVICES IS OVER $475,000. ADDITIONALLY, CONVENTIONS HELD IN TYLER BROUGHT 15,231 PEOPLE TO THE CITY AND HAD AN ESTIMATED ECONOMIC IMPACT OF $1,241,000.
CHAMBER OF COMMERCE - THE CHAMBER WORKS TO ENHANCE THE BUSINESS ENVIRONMENT, THE ECONOMIC WELL-BEING, AND QUALITY OF LIFE FOR THE TYLER AREA. THE CHAMBER SERVICED 2,000 MEMBERS DURING THE YEAR. ADDITIONALLY, THE CHAMBER HELD 2 EXPOSITIONS DURING THE YEAR TO PROMOTE SENIOR HEALTH, AND GENERAL BUSINESSES IN THE TYLER AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Bell President | OfficerTrustee | 40 | $182,463 |
James Sheridan Treasurer | OfficerTrustee | 0.5 | $0 |
Cheryl Sartain Visit Tyler Cha | OfficerTrustee | 0.5 | $0 |
Tanya Redic Director | Trustee | 0.5 | $0 |
Starla Bickerstaff Membership Serv | OfficerTrustee | 0.5 | $0 |
April Munoz Exec Committee | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $575,522 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,650 |
| Noncash contributions included in lines 1a–1f | $20,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,172 |
| Total Program Service Revenue | $985,838 |
| Investment income | $6,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,369 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,898,444 |
| 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. | $203,226 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,114 |
| Pension plan accruals and contributions | $23,652 |
| Other employee benefits | $59,605 |
| Payroll taxes | $53,864 |
| Fees for services: Management | $53,978 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $44,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $131,860 |
| Office expenses | $8,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,854 |
| 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 | $13,449 |
| Depreciation, depletion, and amortization | $135,563 |
| Insurance | $1,821 |
| All other expenses | $201,701 |
| Total functional expenses | $1,806,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $893,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,565 |
| Prepaid expenses and deferred charges | $24,846 |
| Net Land, buildings, and equipment | $705,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $1,694,698 |
| Accounts payable and accrued expenses | $53,071 |
| Grants payable | $0 |
| Deferred revenue | $58,041 |
| 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 | $18,593 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,144 |
| Total liabilities | $160,849 |
| Net assets without donor restrictions | $1,485,067 |
| Net assets with donor restrictions | $48,782 |
| 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 | $1,694,698 |