Plano Chamber Of Commerce
- Assets
- $1.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Plano, TX
- Founding
- 09/1975
- Data as of
- 06/2023
- EIN
- 75-0717348
Organization Overview
Plano Chamber Of Commerce is located in Plano, TX. The organization was established in 1975. 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 06/2023, Plano Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plano 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 06/2023, Plano Chamber Of Commerce generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 1.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES RESOURCES TO MAXIMIZE BUSINESS DEVELOPMENT THROUGH ADVOCACY, EDUCATION, INNOVATION, AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BEST OF PLANO EVENT IS THE PLANO CHAMBER OF COMMERCE'S ANNUAL TOP BUSINESS AWARD CELEBRATION. THE EVENT HONORS THE CITY'S TOP LEADERS FOR THEIR SERVICE AND DEDICATION TO THEIR BUSINESS AND COMMUNITY. WINNERS OF THE ATHENA AWARD, SMALL BUSINESS OF THE YEAR AWARD, OUTSTANDING CORPORATE CITIZEN, AND THE BUSINESS EXECUTIVE OF THE YEAR AWARD ARE HONORED AT THE EVENT.
THE PLANO CHAMBER OF COMMERCE SPONSORS THE LEADERSHIP PLANO PROGRAM. LEADERSHIP PLANO IS A COMMUNITY LEADERSHIP DEVELOPMENT PROGRAM. LEADERSHIP PLANO IS DEDICATED TO EDUCATING, DEVELOPING, AND EMPOWERING CURRENT AND FUTURE LEADERS FOR THE COMMUNITY AND MOTIVATING THEM TO SERVE CIVIC, CHARITABLE, AND BUSINESS ORGANIZATIONS.
THE PLANO CHAMBER OF COMMERCE'S WOMEN'S DIVISION PROGRAM WAS CREATED TO EMPOWER WOMEN THROUGH ADVOCACY, EDUCATION, AND NETWORKING. ITS PURPOSE IS TO PROMOTE WOMEN IN BUSINESS THROUGH NETWORKING, EDUCATIONAL LUNCHEONS AND PROFESSIONAL DEVELOPMENT PROGRAMS. IN HARMONY WITH THE CHAMBER'S MISSION, THE PLANO CHAMBER OF COMMERCE STRIVES TO ACT AS ROLE MODELS, EDUCATORS, AND MENTORS TO WOMEN. THE PLANO CHAMBER OF COMMERCE PROVIDES A PLATFORM TO SUPPORT AND ENCOURAGE WOMEN IN BUSINESS AND TO PROVIDE A VOICE WITHIN THE CHAMBER FOR WOMEN'S BUSINESS ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Cetera Director | Trustee | 0.1 | $0 |
Crystal Clayton Secretary | Trustee | 0.1 | $0 |
Sean Corrington Director | Trustee | 0.1 | $0 |
Kellie Davidson Director | Trustee | 0.1 | $0 |
David Downs Chair-Elect | Trustee | 0.1 | $0 |
Russel Dubree Treasurer | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $771,359 |
| 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 | $771,359 |
| Total Program Service Revenue | $301,706 |
| Investment income | $33,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,158,891 |
| 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. | $120,033 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $492,991 |
| Pension plan accruals and contributions | $14,762 |
| Other employee benefits | $59,106 |
| Payroll taxes | $51,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,088 |
| Fees for services: Other | $23,435 |
| Advertising and promotion | $0 |
| Office expenses | $23,521 |
| Information technology | $14,610 |
| Royalties | $0 |
| Occupancy | $30,786 |
| 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 | $38,324 |
| Insurance | $3,217 |
| All other expenses | $64,968 |
| Total functional expenses | $1,173,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,184 |
| Savings and temporary cash investments | $704,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,102 |
| 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 | $4,521 |
| Net Land, buildings, and equipment | $132,439 |
| Investments—publicly traded securities | $806,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,374 |
| Total assets | $1,856,132 |
| Accounts payable and accrued expenses | $48,662 |
| Grants payable | $0 |
| Deferred revenue | $438,353 |
| 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 | $110,701 |
| Total liabilities | $597,716 |
| Net assets without donor restrictions | $1,258,416 |
| 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 | $1,856,132 |