Baton Rouge Area Chamber
- Assets
- $5.5m
- Revenue
- $4.6m
- Investments
- $2.0m
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 72-0126959
Organization Overview
Baton Rouge Area Chamber is located in Baton Rouge, LA. The organization was established in 1942. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baton Rouge Area Chamber 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, Baton Rouge Area Chamber generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. While expenses have increased by 2.8% 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
TO PROVIDE LEADERSHIP FOR THE ADVANCEMENT OF ECONOMIC DEVELOPMENT IN THE NINE-PARISH BATON ROUGE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BATON ROUGE AREA CHAMBER'S (BRAC) EFFORTS TO LEAD ECONOMIC DEVELOPMENT IN THE NINE-PARISH AREA FOR 2022, WE SECURED $50 MILLION IN NEW ANNUAL PAYROLL FROM 1,500 PERMANENT JOBS WITH 20 PROJECT WINS (THE HIGHEST NUMBER OF PROJECT WINS IN CHAMBER HISTORY) AND $10 BILLION IN CAPITAL EXPENDITURES.
BRAC LED INITIATIVES TO IMPROVE OUR STRATEGIC COMPETITIVENESS AS A REGION. THE ORGANIZATION SOUGHT TO PRESERVE PARENT CHOICE AND INCREASE ACCOUNTABILITY WITHIN THE SCHOOL SYSTEM WITH THE OBJECTIVE OF ENSURING THE K-12 SYSTEM PREPARES STUDENTS TO COMPETE WITH THE GLOBAL WORKFORCE. IN THE AREA OF TALENT, BRAC HOSTED OVER NINETY-FOUR EXECUTIVE RECRUITMENT TOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Bender Past Chair | OfficerTrustee | 0.3 | $0 |
Helena Cunningham Chair | OfficerTrustee | 0.3 | $0 |
David Mullens First Chair Elect | OfficerTrustee | 0.5 | $0 |
Flynn Foster Business Development Advisory Council | OfficerTrustee | 0.5 | $0 |
Adam Knapp President/ceo | OfficerTrustee | 32 | $360,262 |
Raedtha Vasquez Gen Counsel/director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,160,051 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,003 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,519,304 |
| Total Program Service Revenue | $1,089,634 |
| Investment income | $26,459 |
| 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 | $4,635,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,270 |
| 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. | $1,442,420 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,507,801 |
| Pension plan accruals and contributions | $85,477 |
| Other employee benefits | $142,388 |
| Payroll taxes | $188,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $424,749 |
| Advertising and promotion | $18,885 |
| Office expenses | $213,580 |
| Information technology | $46,148 |
| Royalties | $0 |
| Occupancy | $53,652 |
| Travel | $254,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $344,819 |
| Interest | $40,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,988 |
| Insurance | $46,300 |
| All other expenses | $0 |
| Total functional expenses | $5,134,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $705,815 |
| Pledges and grants receivable | $92,343 |
| Accounts receivable, net | $23,608 |
| 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 | $31,208 |
| Net Land, buildings, and equipment | $2,632,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,012,751 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,498,620 |
| Accounts payable and accrued expenses | $257,928 |
| Grants payable | $0 |
| Deferred revenue | $121,265 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $958,878 |
| Other liabilities | $7,650,376 |
| Total liabilities | $8,988,447 |
| Net assets without donor restrictions | -$3,489,825 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,498,620 |
Grants Awarded
Over the last fiscal year, Baton Rouge Area Chamber has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BATON ROUGE AREA FOUNDATION PURPOSE: LINDA AND JOHN DAVIES 33 FUND | $10,000 |
TAYLOR PORTER PURPOSE: ST. GEORGE LEGAL FUND | $50,000 |