Northwest Metroport Chamber Of Commerce
- Assets
- $1.7m
- Revenue
- $600.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Roanoke, TX
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 75-2237644
Organization Overview
Northwest 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 12/2021, Northwest Metroport Chamber Of Commerce employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest 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 12/2021, Northwest Metroport Chamber Of Commerce generated $600.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $659.1k during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 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
2021
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 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.
SPECIAL EVENTS: APROXIMATELY 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 E-MAILS.
ADVERTISING IN DIRECTORY-DIRECT EXPENSES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,850 |
| 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 | $178,850 |
| Total Program Service Revenue | $217,534 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,622 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $184,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $600,859 |
| 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 | $322,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,332 |
| Payroll taxes | $24,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,708 |
| Advertising and promotion | $0 |
| Office expenses | $6,184 |
| Information technology | $13,533 |
| Royalties | $0 |
| Occupancy | $115,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,841 |
| Insurance | $21,864 |
| All other expenses | $0 |
| Total functional expenses | $659,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,686 |
| Savings and temporary cash investments | $5,030 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 | $1,476,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,836 |
| Other assets | $2,588 |
| Total assets | $1,714,293 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $21,595 |
| 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 | $1,597,248 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,458 |
| Total liabilities | $1,772,301 |
| 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 | -$58,008 |
| Total liabilities and net assets/fund balances | $1,714,293 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Metroport Chamber Of Commerce has recieved totaling $11,925.
| Awarding Organization | Amount |
|---|---|
Texas Health Harris Methodist Hospital Alliance Fort Worth, TX PURPOSE: SPONSORSHIPS | $11,925 |
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 |