Waxahachie Chamber Of Commerce
- Assets
- $184.5k
- Revenue
- $365.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Waxahachie, TX
- Founding
- 03/1959
- Data as of
- 12/2021
- EIN
- 75-0641430
Organization Overview
Waxahachie Chamber Of Commerce is located in Waxahachie, TX. The organization was established in 1959. 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 12/2021, Waxahachie Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waxahachie 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, Waxahachie Chamber Of Commerce generated $365.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $453.8k during the year ending 12/2021. 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
COMMUNITY AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY AND ECONOMIC DEVELOPMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy King Director | OfficerTrustee | 40 | $61,033 |
Michael K Strength President | OfficerTrustee | 40 | $57,167 |
Marcus Armstrong Chairman | OfficerTrustee | 0 | $0 |
Ryan Pitts Secretary/treas | OfficerTrustee | 0 | $0 |
Janet K Magee Chair Elect | OfficerTrustee | 0 | $0 |
Tracie Wood Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $173,538 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,217 |
| Total Program Service Revenue | $66,111 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,214 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,042 |
| 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. | $118,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,261 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,197 |
| Advertising and promotion | $3,720 |
| Office expenses | $24,978 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,294 |
| Travel | $0 |
| 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 | $4,812 |
| Insurance | $5,304 |
| All other expenses | $676 |
| Total functional expenses | $453,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,735 |
| Savings and temporary cash investments | $13,448 |
| 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 | $119,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,544 |
| Accounts payable and accrued expenses | $4,463 |
| 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 | $143,476 |
| Total liabilities | $147,939 |
| Net assets without donor restrictions | $0 |
| 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 | $36,605 |
| Total liabilities and net assets/fund balances | $184,544 |
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