Commerce Chamber Of Commerce
- Assets
- $90.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Commerce, TX
- Founding
- 09/1975
- Data as of
- 12/2020
- EIN
- 75-0762425
Organization Overview
Commerce Chamber Of Commerce is located in Commerce, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commerce 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 12/2020, Commerce Chamber Of Commerce generated $101.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $97.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
PROMOTE BUSINESS INTEREST OF MERCHANTS AND CITIZENS ENCOURAGE COMMERCIAL, INDUSTRIAL AND AGRICULTURAL DEVELOPMENT OF THE CITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Welch President | 4 | $0 | |
Rj Nanny Exec Vice Pres | 4 | $0 | |
Jason Thompson Secretary | 4 | $0 | |
Autumn Graves Treasurer | 4 | $0 | |
Larry Willis Director | 2 | $0 | |
Bonnie Hunter Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,763 |
| Total Program Service Revenue | $9,785 |
| Membership dues | $33,732 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,063 |
| Total Revenue | $101,354 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,734 |
| Professional fees and other payments to independent contractors | $3,931 |
| Occupancy, rent, utilities, and maintenance | $5,462 |
| Printing, publications, postage, and shipping | $705 |
| Other expenses | $33,107 |
| Total expenses | $97,939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,453 |
| Other assets | $0 |
| Total assets | $90,407 |
| Total liabilities | $3,862 |
| Net assets or fund balances | $86,545 |
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|---|---|---|
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United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |
American Agape Foundation Inc San Antonio, TX | $30,797,369 | $7,152,363 |
American Payroll Institute Inc San Antonio, TX | $40,803,179 | $11,952,321 |
American Concrete Pipe Association Irving, TX | $3,273,798 | $7,015,409 |
Texas Society Of Certified Public Accountants Addison, TX | $14,362,977 | $7,206,756 |
Salesmanship Club Foundation Dallas, TX | $158,358,007 | $4,239,483 |
American Fire Sprinkler Association Inc Dallas, TX | $8,235,179 | $6,322,612 |
Professional Retail Store Maintenance Association Irving, TX | $6,167,916 | $5,149,487 |