Richardson Chamber Of Commerce
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Richardson, TX
- Founding
- 08/1947
- Data as of
- 12/2021
- EIN
- 75-0959636
Organization Overview
Richardson Chamber Of Commerce is located in Richardson, TX. The organization was established in 1947. 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 12/2021, Richardson Chamber Of Commerce employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richardson 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, Richardson Chamber Of Commerce generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 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
DEVELOP, PROMOTE AND FOSTER A CONTINUALLY GROWING, DIVERSE AND VIBRANT BUSINESS COMMUNITY AND CIVIC CLIMATE IN RICHARDSON AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECH TITANS AWARDS GALA RECOGNIZED THE MOST ELITE IN NORTH TEXAS TECHNOLOGY. FIFTEEN AWARDS WERE PRESENTED TO THE INNOVATORS, THE ADOPTERS AND LEADERS THAT ARE TRANSFORMING THE HIGH-TECH INDUSTRY WITH SOLUTIONS THAT IMPACT THE WORLD IN WHICH WE LIVE.
TECH TITAN INNOVATION COLLIDER PRODUCED AN INNOVATION SHOWCASE THAT ENABLED SMALL COMPANIES TO PITCH THEIR SERVICES TO LARGE COMPANIES AND ENTREPRENEURS, UNIVERSITY RESEARCHERS AND THOUGHT LEADERS WHO COLLIDE, CONNECT, COLLABORATE AND CREATE GROUNDBREAKING SOLUTIONS THAT ACCELERATE BUSINESS VALUE.
ANNUAL BANQUET - THE ONE TIME FOR THE ENTIRE MEMBERSHIP TO GATHER IN ONE PLACE TO CELEBRATE THE PAST YEAR'S ACCOMPLISHMENTS, LOOK TOWARDS GOALS FOR THE COMING YEAR, AND TO PROVIDE OPPORTUNITIES TO CONNECT WITH CURRENT AND POTENTIAL CLIENTS, SUPPLIERS, EMPLOYEES AND EMPLOYERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Sproull President/ceo | Officer | 45 | $311,222 |
John Jacobs Exec Fp Economic Development | Officer | 45 | $163,733 |
Paul Ray Bendel Senior VP Programs, Events | 45 | $117,239 | |
Darren Durrett Vice Chair, Budget/finance | OfficerTrustee | 0.1 | $0 |
Stan Bradshaw Past Chairman | OfficerTrustee | 0.1 | $0 |
Jan Arrant Vice Chair, Member Services | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $742,993 |
| Fundraising events | $62,250 |
| Related organizations | $0 |
| Government grants | $1,023,190 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,850,233 |
| Total Program Service Revenue | $186,236 |
| Investment income | $2,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $63,083 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,340,851 |
| 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. | $551,036 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,006 |
| Pension plan accruals and contributions | $20,738 |
| Other employee benefits | $0 |
| Payroll taxes | $179,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,997 |
| Fees for services: Accounting | $13,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $303,630 |
| Advertising and promotion | $111,933 |
| Office expenses | $75,233 |
| Information technology | $60,265 |
| Royalties | $0 |
| Occupancy | $35,210 |
| Travel | $3,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,254 |
| Insurance | $10,823 |
| All other expenses | $36,968 |
| Total functional expenses | $2,137,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,570 |
| Savings and temporary cash investments | $1,036,605 |
| 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 | $18,594 |
| Net Land, buildings, and equipment | $379,944 |
| Investments—publicly traded securities | $428,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,864,936 |
| Accounts payable and accrued expenses | $75,839 |
| Grants payable | $0 |
| Deferred revenue | $281,360 |
| 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 | $0 |
| Total liabilities | $357,199 |
| Net assets without donor restrictions | $1,420,671 |
| Net assets with donor restrictions | $87,066 |
| 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 | $1,864,936 |
Grants Awarded
Over the last fiscal year, Richardson Chamber Of Commerce has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH TEXAS PURPOSE: SCHOLARSHIP | $25,000 |
PLANO INTELLIGENCE INC PURPOSE: SCHOLARSHIP | $10,000 |
UNIVERSITY OF TEXAS AT DALLAS PURPOSE: SCHOLARSHIP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richardson Chamber Of Commerce has recieved totaling $26,181.
| Awarding Organization | Amount |
|---|---|
Methodist Hospitals Of Dallas Dallas, TX PURPOSE: Community Outreach | $26,181 |
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 |