Houma-Terrebonne Chamber Of Commerce

Organization Overview

Houma-Terrebonne Chamber Of Commerce is located in Houma, LA. The organization was established in 1985. 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 12/2020, Houma-Terrebonne Chamber Of Commerce employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houma-Terrebonne 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 12/2020, Houma-Terrebonne Chamber Of Commerce generated $252.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $303.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

BUSINESS LEAGUE

Describe the Organization's Program Activity:

Part 3 - Line 4a

MONTHLY LUNCHEONS ARE HELD FOR THE MEMBERS DURING WHICH VARIOUS SPEAKERS MAKE PRESENTATIONS ON CURRENT ISSUES AFFECTING INDUSTRIES IN THE PARISH. SEMINARS ARE ALSO OFFERED DURING THE YEAR ON COMMUNITY TOPICS AND VARIOUS PROBLEMS FACED BY LOCAL BUSINESSES AND WAYS TO ADDRESS THEM.


MONTHLY LUNCHEONS ARE HELD FOR THE MEMBERS DURING WHICH VARIOUS SPEAKERS MAKE PRESENTATIONS ON CURRENT ISSUES AFFECTING INDUSTRIES IN THE PARISH. SEMINARS ARE ALSO OFFERED DURING THE YEAR ON COMMUNITY TOPICS AND VARIOUS PROBLEMS FACED BY LOCAL BUSINESSES AND WAYS TO ADDRESS THEM.


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Board, Officers & Key Employees

Name (title)Compensation
Nicol Montiville
President & CEO
$70,400
Ladonna Cruse
Board Member
$0
William Eroche
Treasurer
$0
Michael Garcia
Chair Elect
$0
Nicholas Hebert
Board Member
$0
Mitchell Marmande
Board Member
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$189,620
Investment income $1,743
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $31,241
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $252,220

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