St Mary Chamber Of Commerce
- Assets
- $547.7k
- Revenue
- $208.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Morgan City, LA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 72-0389496
Organization Overview
St Mary Chamber Of Commerce is located in Morgan City, LA. The organization was established in 1999. 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, St Mary Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Mary 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, St Mary Chamber Of Commerce generated $208.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $190.7k 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
THE CHAMBER PROMOTES THE ECONOMIC, EDUCATIONAL, AND GOVERNMENTAL INTERESTS OF THE COMMUNITY; PROMOTES INTEGRITY, JUST AND EQUITABLE PRINCIPALS IN BUSINESS; ACQUIRES AND DISTRIBUTES AREA STATISTICS AND INFORMATION; AND GENERALLY ASSISTS THE ADVANCEMENT AND PROGRESS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL BANQUET IS HELD IN JANUARY OF EACH YEAR TO ACKNOWLEDGE THE NEWLY ELECTED CHAIRMAN, VICE CHAIRMAN, TREASURER AND BOARD OF DIRECTORS. IN ADDITION, THE CHAMBER PRESENTS FOUR AWARDS, THE CITIZEN OF THE YEAR AWARD FOR AN INDIVIDUAL; BUSINESS OF THE YEAR AWARD FOR BUSINESS; NON-PROFIT CIVIC AWARD FOR CIVIC ORGANIZATION AND THE VIRGINIA TYLER GUILLOTTE MEMORIAL AWARD.
BUSINESS LUNCHEONS ARE HELD MONTHLY TO KEEP CHAMBER MEMBERS ABREAST OF CURRENT ISSUES IN ST. MARY PARISH AND IN OUR STATE. IN ADDITION THE CHAMBER WILL HOLD POLITICAL FORUMS FOR ELECTED POSITIONS THAT AFFECT OUR MEMBERSHIP.
LEADERSHIP ST. MARY IS A PROGRAM TO HELP RECRUIT AND DEVELOP LEADERS WHO WILL BE ACTIVE AND INVOLVED IN MOVING OUR PARISH FORWARD. THE FUTURE FOCUS OF THESE LEADERS WILL BE ON IMPROVING THE BUSINESS, EDUCATIONAL, GOVERNMENTAL, AND COMMUNITY (QUALITY OF LIFE) ENVIRONMENTS IN ST. MARY PARISH. THROUGH THIS PROGRAM, POTENTIAL LEADERS ARE EXPOSED TO A RANGE OF IDEAS AND EXPERIENCES THAT WILL BEST PREPARE THEM TO GUIDE ST. MARY TOWARD ACHIEVING ITS HIGHEST POTENTIAL. IN THE COURSE OF THE PROGRAM, MEMBERS WILL DEVELOP THE SKILLS NEEDED TO PARTICIPATE IN THE PROCESSES THAT FORM THE FOUNDATION OF CIVIC LEADERSHIP: COALITION BUILDING, SIGNIFICANT DIALOG, CREATIVE PROBLEM SOLVING AND CONSENSUS BUILDING.
AMOUNTS REPORTED ARE FOR VARIOUS EVENTS THAT PROMOTE THE IDEALS OF THE CHAMBER OF COMMERCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Price Past Chair P | OfficerTrustee | $0 | |
Alyssa Cart Treasurer | OfficerTrustee | $0 | |
Laura Meadows Vice Chairma | OfficerTrustee | $0 | |
Tiger Verdin Chairman | OfficerTrustee | $0 | |
Elisabeth Chiasson President | Officer | $0 | |
Jason Watson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $103,655 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,422 |
| Total Program Service Revenue | $54,941 |
| Investment income | $3,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,064 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,000 |
| 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 | $47,075 |
| Other salaries and wages | $50,778 |
| Pension plan accruals and contributions | $2,518 |
| Other employee benefits | $1,084 |
| Payroll taxes | $8,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,713 |
| Office expenses | $15,996 |
| Information technology | $2,832 |
| 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 | $11,045 |
| Interest | $3,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,900 |
| Insurance | $9,994 |
| All other expenses | $2,035 |
| Total functional expenses | $190,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,126 |
| Savings and temporary cash investments | $282,759 |
| 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 | $138,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $362 |
| Total assets | $547,683 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $89,395 |
| 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 | $92,862 |
| Unsecured mortgages and notes payable | $25,625 |
| Other liabilities | $1,566 |
| Total liabilities | $209,448 |
| Net assets without donor restrictions | $116,101 |
| Net assets with donor restrictions | $222,134 |
| 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 | $547,683 |
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