Metrocrest Chamber Of Commerce

Organization Overview

Metrocrest Chamber Of Commerce is located in Farmers Branch, TX. The organization was established in 1968. 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. Metrocrest 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, Metrocrest Chamber Of Commerce generated $404.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $379.2k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE ECONOMIC PROSPERITY FOR OUR MEMBERS BY PROVIDING PROGRAMS, RESOURCES, AND SUPPORT THAT ASSIST AND BENEFIT BUSINESS, GOVERNMENT AND CITIZENS RESULTING IN A VIBRANT PLACE TO LIVE AND WORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT ACTIVITIES WHICH INCLUDE PROMOTING EXISTING BUSINESSES AND MARKETING TO PROSPECTIVE BUSINESSES FOR THE OVERALL ECONOMIC BENEFIT OF THE SERVICE AREA.


THE CHAMBER CONDUCTS GENERAL MEMBERSHIP LUNCHEONS AND WOMEN'S BUSINESS FORUM LUNCHEONS WITH SPEAKERS ADDRESSING TOPICS OF COMMUNITY AND BUSINESS INTEREST, INCLUDING LEGISLATIVE UPDATES AND OTHER LOCAL INTEREST UPDATES. IN 2023, APPROXIMATELY 403 ATTENDED THESE EVENTS WHICH WERE HOSTED BOTH VIRTUALLY AND IN PERSON.


THE ANNUAL BANQUET PROVIDES THE OPPORTUNITY FOR CHAMBER MEMBERS TO NETWORK, REVIEW THE ACCOMPLISHMENTS OF THE CHAMBER, AND TO PRESENT CHAMBER AND COMMUNITY AWARDS TO MEMBERS. ADDITIONAL NETWORKING MEETINGS ARE CONDUCTED DURING THE YEAR IN VARIOUS FORMATS SUCH AS METROCREST CONNECTS, AND BUSINESS SKILLS DEVELOPMENT WORKSHOPS.


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Board, Officers & Key Employees

Name (title)Compensation
Harold Shepard
Chair
$0
Jan Rugg
Chair-Elect
$0
Sandee Treptow
Director
$0
Kita Hobbs
Director
$0
Amir Mirzadeh
Past-Chairman
$0
Baharak Soutoudeh
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$161,240
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$161,240
Total Program Service Revenue$238,430
Investment income $36
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 $404,801

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