Metroport Chamber Of Commerce
- Assets
- $1.6m
- Revenue
- $602.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Roanoke, TX
- Founding
- 02/1989
- Data as of
- 12/2022
- EIN
- 75-2237644
Organization Overview
Metroport Chamber Of Commerce is located in Roanoke, TX. The organization was established in 1989. 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 12/2022, Metroport Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metroport 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 12/2022, Metroport Chamber Of Commerce generated $602.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $720.3k during the year ending 12/2022. While expenses have increased by 10.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE BUSINESS LEADERSHIP FOR THE BENEFIT OF OUR COMMUNITIES BY PROMOTING ECONOMIC OPPORTUNITY, ADVOCATING THE INTERESTS OF BUSINESS AND BUSINESS DEVELOPMENT THROUGH NETWORKING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY LUNCHEONS: CHAMBER MEMBERS AND MEMBERS OF THE COMMUNITY COME TOGETHER TO DISCUSS BUSINESS DEVELOPMENT WITHIN THE LOCAL CITIES.
ADVERTISING IN DIRECTORY-DIRECT EXPENSES
SPECIAL EVENTS: APPROXIMATELY 8 SEPARATE EVENTS THAT PROMOTE ECONOMIC OPPORTUNITY FOR LOCAL BUSINESSES.
OTHER DEPARTMENTAL INCOME: NAME BADGES TO BE USED AT EVENTS AND LUNCHEONS, LABELS FOR CHAMBER MEMBERS, MEMBER DIRECTORY AND BROADCAST EMAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Aldridge President/ce | Officer | 50 | $167,978 |
Bravis Brown Director | Trustee | 0.5 | $0 |
Jeff Dearing Director | Trustee | 0.5 | $0 |
John Delin Director | Trustee | 0.5 | $0 |
Becky Escott Director | Trustee | 0.5 | $0 |
Tanner Haydin Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,013 |
| 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 | $50,013 |
| Total Program Service Revenue | $280,303 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,052 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $203,224 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $602,506 |
| 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 | $405,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,815 |
| Payroll taxes | $29,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| 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 | $6,166 |
| Information technology | $10,733 |
| Royalties | $0 |
| Occupancy | $45,671 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,842 |
| Insurance | $7,546 |
| All other expenses | $4,354 |
| Total functional expenses | $720,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,663 |
| Savings and temporary cash investments | $5,037 |
| 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 | $1,427,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,836 |
| Other assets | $3,141 |
| Total assets | $1,620,488 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $53,000 |
| 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 | $1,589,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,206 |
| Total liabilities | $1,797,777 |
| Net assets without donor restrictions | $0 |
| 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 | -$177,289 |
| Total liabilities and net assets/fund balances | $1,620,488 |