Montgomery Area Chamber Of Commerce
- Assets
- $129.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Montgomery, TX
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-2723703
Organization Overview
Montgomery Area Chamber Of Commerce is located in Montgomery, TX. The organization was established in 2015. 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, Montgomery Area Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Area 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, Montgomery Area Chamber Of Commerce generated $142.8k 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 (4.1%) each year. All expenses for the organization totaled $134.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
THE CHAMBER IS FOCUSED ON ECONOMIC DEVELOPMENT FOR BUSINESS ATTRACTION, RETENTION, AND EXPANSION IN THE MONTGOMERY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannan Reid Executive Dir. | 40 | $58,899 | |
Selinda Simpson Assistant To Director | 20 | $19,145 | |
Kati Krouse Chairman | 10 | $0 | |
Sheri Mcbride Chair Elect | 10 | $0 | |
Monica Bresofski Imm Past Chair | 5 | $0 | |
Bill Downs Vice Chair Membership | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,690 |
| Membership dues | $85,327 |
| Investment income | $38 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,792 |
| Other Revenue | $0 |
| Total Revenue | $142,847 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,044 |
| Professional fees and other payments to independent contractors | $910 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $367 |
| Other expenses | $55,509 |
| Total expenses | $134,830 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,623 |
| Other assets | $0 |
| Total assets | $129,633 |
| Total liabilities | $8,875 |
| Net assets or fund balances | $120,758 |