Stephenville Chamber Of Commerce Inc
- Assets
- $486.3k
- Revenue
- $347.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Stephenville, TX
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 75-2107868
Organization Overview
Stephenville Chamber Of Commerce Inc is located in Stephenville, TX. The organization was established in 1987. 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, Stephenville Chamber Of Commerce Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephenville 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 12/2023, Stephenville Chamber Of Commerce Inc generated $347.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $358.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 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
SUPPORT AND PROMOTE STEPHENVILLE IN A UNIFIED EFFORT TO ENHANCE GROWTH AND IMPROVE THE QUALITY OF LIFE BY IMPLEMENTING PROGRAMS IN THE AREAS OF COMMUNITY DEVELOPMENT AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE BUSINESS AND COMMUNITY DEVELOPMENT IN THE CITY OF STEPHENVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
July Danley Pres/ceo | OfficerTrustee | 40 | $82,500 |
Curt Plaxco Chair | OfficerTrustee | 2 | $0 |
Trent Swearengin Chair Elect | OfficerTrustee | 2 | $0 |
Jeff Weyers Vice Chair | OfficerTrustee | 2 | $0 |
Gary Sult Finance Chai | OfficerTrustee | 2 | $0 |
Gerrit Schouten Past Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $160,238 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,163 |
| Total Program Service Revenue | $55,946 |
| Investment income | $124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,306 |
| 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. | $88,500 |
| Compensation of current officers, directors, key employees. | $17,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,485 |
| Pension plan accruals and contributions | $10,830 |
| Other employee benefits | $0 |
| Payroll taxes | $15,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,972 |
| Office expenses | $6,424 |
| Information technology | $18,531 |
| Royalties | $0 |
| Occupancy | $15,441 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,090 |
| Insurance | $8,189 |
| All other expenses | $12,709 |
| Total functional expenses | $358,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,418 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $262,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,257 |
| Total assets | $486,338 |
| 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 | $125,287 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,831 |
| Total liabilities | $149,118 |
| Net assets without donor restrictions | $274,933 |
| Net assets with donor restrictions | $62,287 |
| 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 | $486,338 |