Arlington Chamber Of Commerce
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Arlington, TX
- Founding
- 08/1971
- Data as of
- 09/2021
- EIN
- 75-0745859
Organization Overview
Arlington Chamber Of Commerce is located in Arlington, TX. The organization was established in 1971. 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 09/2021, Arlington Chamber Of Commerce employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington 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 09/2021, Arlington Chamber Of Commerce generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. 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
ECONOMIC & BUSINESS DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT-TO STIMULATE A SUSTAINABLE ECONOMY IN ARLINGTON AND THE SURROUNDING REGION THROUGH TARGETING INDUSTRY CLUSTER RECRUITMENT, RETENTION AND EXPANSION, BUILDING THE REGION'S IMAGE AND BRAND RECOGNITION AND ENHANCING THE ECONOMIC CLIMATE TO ESTABLISH THE REGION'S COMPETITIVE POSITIONS.
SMALL BUSINESS DEVELOPMENT-PROVIDE OPPORTUNITIES TO THE SMALL BUSINESSES OF ARLINGTON AND THE SURROUNDING REGION TO EXPAND AND REACH THEIR FULL ECONOMIC POTENTIAL THROUGH ACCESS TO CAPITAL, CUSTOMERS AND INFORMATION AND TRAINING.
EDUCATION AND WORKFORCE DEVELOPMENT-TO TRANSFORM OUR REGION'S WORKFORCE, DEVELOPING EFFECTIVE, EMPLOYER-LED EDUCATION AND WORKFORCE DEVELOPMENT SYSTEMS, FOCUSED ON EDUCATIONAL ATTAINMENT, RESPONSIVE TO OUR RAPIDLY CHANGING ECONOMY, IN ALIGNMENT WITH OUR PRIMARY CLUSTERS.
PUBLIC POLICY-TO ADVOCATE FOR PUBLIC POLICY AND A REGULATORY ENVIRONMENT SUPPORTIVE OF THE REGION'S ECONOMIC GROWTH, AND OUR PRIMARY INDUSTRY CLUSTERS. CHAMBER ACTIVITIES-TO PROVIDE OPPORTUNITIES FOR SIGNATURE EVENTS AND MEETINGS THAT SUPPORT POLICY, EDUCATION, SMALL BUSINESS DEVELOPMENT AND CHAMBER BUSINESS. MARKETING-TO COMMUNICATE PERTINENT CHAMBER NEWS, PROGRAMS, AND INITIATIVES THROUGH PRINT, DIGITAL AND SOCIAL MEDIUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Jacobson President | OfficerTrustee | 50 | $207,200 |
Jim Maibach Cpm 2nd Chair El | OfficerTrustee | 1 | $0 |
Kellie Fischer Chair Elect | OfficerTrustee | 1 | $0 |
Heidi Allison Director | Trustee | 1 | $0 |
Nicky Austin Director | Trustee | 1 | $0 |
Chad Bates Econ Devlop | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,358,430 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,506,844 |
| 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 | $813,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,958 |
| Travel | $2,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,416 |
| Insurance | $0 |
| All other expenses | $49,538 |
| Total functional expenses | $1,359,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,745 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,148 |
| 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 | $13,288 |
| Net Land, buildings, and equipment | $1,209,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,989,102 |
| Accounts payable and accrued expenses | $131,000 |
| 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 | $685,839 |
| Other liabilities | $168,143 |
| Total liabilities | $984,982 |
| Net assets without donor restrictions | $1,004,120 |
| 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 | $1,989,102 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arlington Chamber Of Commerce has recieved totaling $20,100.
| Awarding Organization | Amount |
|---|---|
Texas Health Resources Arlington, TX PURPOSE: General Purpose | $10,100 |
Pettinger Foundation Allen, TX PURPOSE: SCHOLARSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |