Nacogdoches County Chamber Foundation Inc
- Assets
- $385.1k
- Revenue
- $45.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Nacogdoches, TX
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-4030866
Organization Overview
Nacogdoches County Chamber Foundation Inc is located in Nacogdoches, TX. The organization was established in 2015. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nacogdoches County Chamber Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nacogdoches County Chamber Foundation Inc generated $45.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $40.1k during the year ending 12/2021. 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
TO PROVIDE PERMANENT MEETING FACILITIES FOR THE NACOGDOCHES COUNTY CHAMBER OF COMMERCE AS WELL AS OTHER NON-PROFITS. ADDITIONALLY, THE FOUNDATION WILL RAISE FUNDS TO PROVIDE SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL SENIORS IN NACOGDOCHES COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PERMANENT FACILITIES FOR THE NACOGDOCHES COUNTY CHAMBER OF COMMERCE AS WELL AS MEETING FACILITIES FOR OTHER SMALL NON-PROFITS. WILL ALSO RAISE FUNDS TO PROVIDE SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL SENIORS IN NACOGDOCHES COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rusty Rust President | Officer | 1 | $0 |
Scarlett Long Vice President | Officer | 0.5 | $0 |
Polly Etta Sunda Treasurer | Officer | 0.5 | $0 |
Wayne Mitchell Secretary | Officer | 0.5 | $0 |
Paul Smith III Director | Trustee | 0.5 | $0 |
Ben Wright Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,775 |
| Total Program Service Revenue | $10,395 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,368 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $40,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,341 |
| 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 | $0 |
| Net Land, buildings, and equipment | $355,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $385,113 |
| 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 | $89,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,874 |
| 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 | $295,239 |
| Total liabilities and net assets/fund balances | $385,113 |
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|---|---|---|
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Ifma Foundation Houston, TX | $1,376,827 | $594,549 |
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Rotary Club Of New Braunfels Foundation New Braunfels, TX | $243,912 | $368,541 |
Recognizegood The Foundation Austin, TX | $225,803 | $326,726 |
Del Rio Chamber Foundation Del Rio, TX | $5,103 | $0 |
Arkansas Independent Producers And Royalty Owners Association Inc Little Rock, AR | $370,547 | $208,976 |
Mandell Winlow Security Foundation Houston, TX | $125,618 | $203,543 |