Hurst Euless Bedford Chamber Of Commerce is located in Bedford, TX. The organization was established in 1963. 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 12/2023, Hurst Euless Bedford Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hurst Euless Bedford 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 12/2023, Hurst Euless Bedford Chamber Of Commerce generated $533.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $532.7k during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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
TO SERVE OUR MEMBERS AND THE COMMUNITY, AND TO FOSTER ECONOMIC DEVLOPMENT IN THE HURST-EULESS-BEDFORD AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT - TO PROVIDE PROGRAMS AND ACTIVITIES TO HELP MEMBERS STAY IN BUSINESS AND GROW THEIR BUSINESS THROUGH EDUCATIONAL AND NETWORKING OPPORTUNITIES.
COMMUNITY DEVELOPMENT - TO PROVIDE PROGRAMS AND ACTIVITIES TO FACILITATE MEMBERS INTERACTING WITH AND LEARNING ABOUT THE COMMUNITY TO IMPROVE THE QUALITY OF LIFE IN THE SURROUNDING AREA.
ECONOMIC DEVELOPMENT - TO PROVIDE PROGRAMS AND ACTIVITES THAT FOCUS ON RETAINING BUSINESSES IN THE HURST-EULESS-BEDFORD AREA AND ATTRACTING NEW BUSINESSES TO THE HURST-EULESS-BEDFORD AREA, AS WELL AS IMPROVING THE ECONOMIC CLIMATE OF THE AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mary Frazior President & CEO | OfficerTrustee | 50 | $135,540 |
Dalene Parker Chariman Of The Board | OfficerTrustee | 3 | $0 |
Jeri Harwell Immediate Past Chair | OfficerTrustee | 3 | $0 |
Brad Parker Chair-Elect/team Chair: Voice | OfficerTrustee | 3 | $0 |
Steve Farco Secretary/treasurer | OfficerTrustee | 3 | $0 |
Pete Benenati Corporate Guidance Officer | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $218,113 |
Fundraising events | $0 |
Related organizations | $3,424 |
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 | $221,537 |
Total Program Service Revenue | $134,977 |
Investment income | $1,860 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $175,403 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $533,777 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
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. | $143,315 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $142,482 |
Pension plan accruals and contributions | $4,288 |
Other employee benefits | $18,614 |
Payroll taxes | $23,563 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,266 |
Advertising and promotion | $0 |
Office expenses | $15,445 |
Information technology | $19,922 |
Royalties | $0 |
Occupancy | $25,825 |
Travel | $3,635 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,119 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,074 |
Insurance | $9,576 |
All other expenses | $27,290 |
Total functional expenses | $532,686 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $358,172 |
Savings and temporary cash investments | $50,000 |
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 | $0 |
Net Land, buildings, and equipment | $257,784 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $665,956 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Other liabilities | $42,760 |
Total liabilities | $42,760 |
Net assets without donor restrictions | $0 |
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 | $623,196 |
Total liabilities and net assets/fund balances | $665,956 |