Spearman Chamber Of Commerce Inc
- Assets
- $79.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spearman, TX
- Founding
- 04/1977
- Data as of
- 12/2021
- EIN
- 75-0726176
Organization Overview
Spearman Chamber Of Commerce Inc is located in Spearman, TX. The organization was established in 1977. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spearman Chamber Of Commerce Inc 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, Spearman Chamber Of Commerce Inc generated $40.8k 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 (5.2%) each year. All expenses for the organization totaled $27.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NORMAL ACTIVITIES OF A SMALL CHAMBER OF COMMERCE (ECONOMIC DEVELOPMENT, ENHANCE QUALITY OF THE COMMUNITY, SUPPORT BUSINESSES) ALL CITIZENS OF THE CITY OF SPEARMAN BENEFIT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Ooley President | 0 | $0 | |
Nekisha Whitefield Assistant Executive Direct | 0 | $0 | |
Cody Rodgers Member | 0 | $0 | |
Bonnie Thompson Executive Director | 0 | $0 | |
Toby Thompson Member | 0 | $0 | |
Suzanne Bellsnyder Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $14,900 |
| Investment income | $85 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,743 |
| Other Revenue | $7,118 |
| Total Revenue | $40,846 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,057 |
| Printing, publications, postage, and shipping | $300 |
| Other expenses | $26,143 |
| Total expenses | $27,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,117 |
| Other assets | $0 |
| Total assets | $79,007 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,007 |
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