Baton Rouge Area Chamber
- Assets
- $5.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Baton Rouge, LA
- Founding
- 10/1942
- Data as of
- 12/2021
- 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. As of 12/2021, Baton Rouge Area Chamber employed 35 individuals. 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 12/2021, Baton Rouge Area Chamber generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.2m 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 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 2021, WE SECURED $35 MILLION IN NEW ANNUAL PAYROLL FROM 1,800 PERMANENT JOBS WITH 17 PROJECT WINS (THE HIGHEST NUMBER OF PROJECT WINS IN CHAMBER HISTORY) AND $8 BILLION IN CAPITAL EXPENDITURES. BRAC ALIGNED REGIONAL HIGHER ED INSTITUTIONS ON HANDSHAKE FOR EASIER RECRUITMENT OF STUDENTS FOR INTERNSHIPS, INCREASED LITTER FINES IN EBR TENFOLD, LOWERED CORPORATE AND INDIVIDUAL TAX RATES, ACQUIRED $1M IN REVOLVING LOAN FUNDS FOR WOMEN AND MINORITY-OWNED BUSINESSES, AND LANDED 75+ POSITIVE STORIES ABOUT BATON ROUGE IN NATIONAL PRESS.
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 |
|---|---|---|---|
Adam Knapp President/ceo | OfficerTrustee | 32 | $322,774 |
Russell Richardson Sr VP Of Business Developm | Officer | 24 | $174,494 |
Michael Diresto Executive Vice President | Officer | 24 | $169,312 |
Emilia P Henry Sr VP Of Investor Developm | 24 | $127,960 | |
Achilles Williams Chief Financial Officer | 24 | $121,873 | |
Kelly Bienn Sr. Vice President-Investor Development | 24 | $113,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,639,656 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $221,772 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,039,595 |
| Total Program Service Revenue | $215,023 |
| Investment income | $12,258 |
| 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 | $3,266,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,792 |
| 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. | $1,288,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,363,301 |
| Pension plan accruals and contributions | $65,074 |
| Other employee benefits | $124,645 |
| Payroll taxes | $173,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $520,559 |
| Advertising and promotion | $4,968 |
| Office expenses | $122,339 |
| Information technology | $49,902 |
| Royalties | $0 |
| Occupancy | $68,961 |
| Travel | $30,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,989 |
| Interest | $45,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,366 |
| Insurance | $34,453 |
| All other expenses | $0 |
| Total functional expenses | $4,214,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,817,444 |
| Pledges and grants receivable | $87,012 |
| Accounts receivable, net | $31,668 |
| 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 | $23,801 |
| Net Land, buildings, and equipment | $2,817,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,777,299 |
| Accounts payable and accrued expenses | $245,029 |
| Grants payable | $0 |
| Deferred revenue | $150,537 |
| 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 | $1,653,846 |
| Other liabilities | $6,718,165 |
| Total liabilities | $8,767,577 |
| Net assets without donor restrictions | -$2,990,278 |
| 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 | $5,777,299 |
Grants Awarded
Over the last fiscal year, Baton Rouge Area Chamber has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL REGION LEGISLATIVE DELEGATION PURPOSE: TO FURTHER ORGANIZATIONAL GOALS. | $5,000 |
Baton Rouge, LA PURPOSE: TO SUPPORT ORGANIZATIONAL ACTIVITIES. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Baton Rouge Area Chamber has recieved totaling $245,000.
| Awarding Organization | Amount |
|---|---|
Our Lady Of The Lake Hospital Inc Baton Rouge, LA PURPOSE: "THINK BIGGER" REGIONAL STRATEGIC PLAN P | $125,000 |
General Health System Baton Rouge, LA PURPOSE: CHARITY EFFORTS | $100,000 |
Womans Hospital Foundation Baton Rouge, LA PURPOSE: BRAC 2020 "THINK BIGGER" REGIONAL STRATEGIC PLAN | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |