Fort Worth Hispanic Chamber Of Commerce Inc
- Assets
- $615.7k
- Revenue
- $745.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Fort Worth, TX
- Founding
- 04/1975
- Data as of
- 12/2021
- EIN
- 75-1582512
Organization Overview
Fort Worth Hispanic Chamber Of Commerce Inc is located in Fort Worth, TX. The organization was established in 1975. 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 12/2021, Fort Worth Hispanic Chamber Of Commerce Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Hispanic Chamber Of Commerce Inc 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, Fort Worth Hispanic Chamber Of Commerce Inc generated $745.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $524.1k during the year ending 12/2021. 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
TO ENCOURAGE PEOPLE TO ENTER THE ECONOMIC WORLD, PROMOTE ECONOMIC DEVELOPMENT, AND TO PROVIDE NECESSARY SUPPORT SERVICES TO THE BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ASSISTANCE CENTER - TO ASSIST BUSINESSES THAT ARE IN THE START UP PHASE IN THE COBG AREA.
ECONOMIC DEVELOPMENT - PROVIDES ASSISTANCE FOR START-UP BUSINESS, ONE-ON-ONE COUNSELING, HOSTS A QUARTERLY EIGHT WEEK COURSE THAT GIVES AN OVERVIEW OF BUSINESS REQUIREMENTS, INSTRUCTION ON HOW TO WRITE A BUSINESS PLAN, ACCESS TO CAPITAL, CERTIFICATION, MARKETING, FINANCIAL & CONTRACTS, IMPORTS & EXPORTS, ZONING & PERMITS.
CONVENTIONS - PROVIDE NETWORKING, TRAINING AND PRODUCT PROMOTION OPPORTUNITIES AT THE STATE AND NATIONAL LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anette Landeros President/ceo | OfficerTrustee | 40 | $120,000 |
Larry Anfin Board Of Directors | Trustee | 2 | $0 |
Alexander Robledo Board Of Directors | Trustee | 2 | $0 |
Joanne Garcia Board Of Director | Trustee | 2 | $0 |
Michael Dimas Past Chairman | Trustee | 2 | $0 |
Charles Horne Board Of Directors | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,211 |
| 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 | $208,211 |
| Total Program Service Revenue | $292,525 |
| Investment income | $327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $77 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $230,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $745,478 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,700 |
| Office expenses | $37,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,848 |
| Travel | $5,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,596 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,482 |
| Insurance | $43,657 |
| All other expenses | $0 |
| Total functional expenses | $524,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,398 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,337 |
| Prepaid expenses and deferred charges | $15,630 |
| Net Land, buildings, and equipment | $118,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,669 |
| Accounts payable and accrued expenses | $4,675 |
| Grants payable | $0 |
| Deferred revenue | $229,407 |
| 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 | $12,656 |
| Total liabilities | $246,738 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $368,931 |
| 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 | $615,669 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Worth Hispanic Chamber Of Commerce Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |