Grapevine Chamber Of Commerce
- Assets
- $2.4m
- Revenue
- $570.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Grapevine, TX
- Founding
- 11/1972
- Data as of
- 12/2023
- EIN
- 75-1173578
Organization Overview
Grapevine Chamber Of Commerce is located in Grapevine, TX. The organization was established in 1972. 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, Grapevine Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grapevine 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, Grapevine Chamber Of Commerce generated $570.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $430.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS THAT ADDS VALUE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOMEN'S DIVISION - PROMOTE GOODWILL THROUGH THE COMMUNITY.
OTHER PROFRAM SERVICES
BANQUETS AND LUNCHES - FOR MEMBERS AND THE PUBLIC TO RECOBNIZE MAJOR CONTRIBUTIONS TO THE COMMUNITY AND TO PROMOTE BUSINESS FELLOWSHIP.
CHAMBER EVENTS - BUSINESS DEVELOPMENT ACTIVITIES DESIGNED TO BENEFIT THE BUSINESS COMMUNITY; LEADERSHIP GRAPEVINE, ECONOMIC DEVELOPMENT, YOUNG PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Radonna Hessel CEO | OfficerTrustee | 40 | $172,089 |
Trudy Cresswell Immediate Pa | OfficerTrustee | $0 | |
Kelly Schwartz Chair | OfficerTrustee | $0 | |
Joseph Stanyer Vc Business | OfficerTrustee | $0 | |
Sue Wykes Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $162,835 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,140 |
| Total Program Service Revenue | $332,774 |
| Investment income | $1,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $570,888 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,477 |
| Pension plan accruals and contributions | $6,551 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,970 |
| Information technology | $320 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,443 |
| Insurance | $12,581 |
| All other expenses | $59,144 |
| Total functional expenses | $430,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,860 |
| Savings and temporary cash investments | $498,245 |
| 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 | $1,578,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,406,539 |
| Accounts payable and accrued expenses | $880 |
| 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 | $1,139,778 |
| Other liabilities | $0 |
| Total liabilities | $1,140,658 |
| Net assets without donor restrictions | $1,265,881 |
| 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 | $2,406,539 |