Forney Chamber Of Commerce
- Assets
- $68.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forney, TX
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 75-2068832
Organization Overview
Forney Chamber Of Commerce is located in Forney, TX. The organization was established in 0000. 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. Forney 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 12/2021, Forney Chamber Of Commerce generated $98.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $80.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FORNEY AREA CHAMBER OF COMMERCE PROMOTED BUSINESS ACTIVITY AND INVOLVEMENT IN THE FORNEY, TEXAS AREA. PROMOTION WAS ACCOMPLISHED VIA MONTHLY MEETINGS AND VARIOUS ANNUAL EVENTS/FUNDRAISERS. THE CHAMBER OF COMMERCE WORKED IN CONJUNCTION WITH THE CITY OF FORNEY AND THE FORNEY ECONOMIC DEVELOPMENT CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Barkham President | 30 | $38,703 | |
Nicole Carpenter Director | 1 | $0 | |
Ryan Kile Director | 1 | $0 | |
Emily Warnasch Director | 1 | $0 | |
Greg Paschall Director | 1 | $0 | |
Willie Morgan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,516 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $227 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $49,641 |
| Other Revenue | $0 |
| Total Revenue | $98,384 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,301 |
| Professional fees and other payments to independent contractors | $4,756 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,686 |
| Total expenses | $80,743 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,344 |
| Other assets | $0 |
| Total assets | $68,094 |
| Total liabilities | $2,663 |
| Net assets or fund balances | $65,431 |
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