Northeast Tarrant County Chamber Of Commerce
- Assets
- $229.7k
- Revenue
- $454.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Haltom City, TX
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 75-1094584
Organization Overview
Northeast Tarrant County Chamber Of Commerce is located in Haltom City, TX. The organization was established in 1973. 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, Northeast Tarrant County Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Tarrant County 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, Northeast Tarrant County Chamber Of Commerce generated $454.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $453.5k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 8 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
COMMUNITY, ECONOMIC AND CIVIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT - PRESENT A FREE FAMILY 4TH FIREWORKS SHOW SPONSORED BY CHAMBER MEMBER BUSINESSES FOR THE COMMUNITIES SERVED (30,000 ATTENDEES.)CHAMBER WEBSITE PUBLICIZES LOCAL SCHOOL AND CHARITABLE EVENTS.VITAL LINK IS AN EDUCATION/BUSINESS PARTNERSHIP WHERE 120 8TH GRADE STUDENTS ARE INVITED TO WORK IN 120 AREA BUSINESSES. THIS PROGRAM GIVES STUDENTS FIRST-HAND EXPERIENCE IN THE BUSINESS WORLD. SCHOLARSHIPS ARE GIVEN TO AREA STUDENTS.HOME TOWN HEROES BANQUET IS HELD EACH YEAR TO ACKNOWLEDGE AND SHOW APPRECIATION TO 30-40 COMMUNITY VOLUNTEERS AND OUTSTANDING CITIZENS.
COMMUNICATIONS - MAINTENANCE OF DIRECTORY OF MEMBERS TO PROMOTE THE NETWORK OF LOCAL BUSINESSES.
BUSINESS DEVELOPMENT - MONTHLY MEMBER LUNCHEONS, BI-MONTHLY BUSINESS BREAKFASTS, RIBBON-CUTTINGS, POWERNET SPEED LEADS, WEEKLY LEADS GROUPS AND MONTHLY AFTER-HOURS MIXERS ENCOURAGE BUSINESS NETWORKING AND CONNECTIONS IN THE COMMUNITY. LUNCHEONS AVERAGE 150 ATTENDEES. MEMBER DIRECTORIES, NEWSLETTERS, WEBSITE AND AREA BUSINESS MAPS ARE DISTRIBUTED TO ALL OF THE ALMOST 1,000 MEMBERS. INCLUDES NON EXEMPT INCOME FROM COMMUNICATIONS ADVERTISING.
MEMBERSHIP DEVELOPMENT - THE DIPLOMAT PROGRAM MEETS MONTHLY TO DISCUSS WAYS TO INCREASE CHAMBER MEMBERSHIP AMONG BUSINESSES IN THE COMMUNITY. NEW MEMBER ORIENTATIONS ARE HELD EACH MONTH PRIOR TO THE LUNCHEON. ANNUAL MEMBER APPRECIATION DAY IS HELD IN CONJUNCTION WITH THE DISTRIBUTION OF MEMBER DIRECTORIES AND THE YEAR IS CONCLUDED WITH THE ANNUAL AWARDS BANQUET TO RECOGNIZE THE ACCOMPLISHMENTS OF MEMBERS, BUSINESSES AND VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Meehan Incoming Chairman | OfficerTrustee | 1 | $0 |
Ish Arebalos Past-Chairman | OfficerTrustee | 0.5 | $0 |
Dr Kenya Ayers-Palmore Chairwoman | OfficerTrustee | 0.5 | $0 |
Troy Dunn Vc Membership | OfficerTrustee | 0.5 | $0 |
Steve Buyers Vc Economic Development | OfficerTrustee | 0.5 | $0 |
Joshua Fichter Vc Commun Development | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $311,628 |
| 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 | $311,628 |
| Total Program Service Revenue | $115,809 |
| Investment income | $242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,318 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $453,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,807 |
| 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 | $200,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,045 |
| Fees for services: Accounting | $5,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $971 |
| Office expenses | $6,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,233 |
| Travel | $1,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $627 |
| Insurance | $9,416 |
| All other expenses | $53,294 |
| Total functional expenses | $453,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,961 |
| Savings and temporary cash investments | $0 |
| 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 | $23,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $229,731 |
| 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 | $145,277 |
| Other liabilities | $2,006 |
| Total liabilities | $147,283 |
| Net assets without donor restrictions | $82,448 |
| 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 | $229,731 |