Greater Austin Chamber Of Commerce
- Assets
- $7.5m
- Revenue
- $6.7m
- Investments
- $769.0k
- Employees
- 51
- Location
- Austin, TX
- Founding
- 09/1945
- Data as of
- 12/2021
- EIN
- 74-0492475
Organization Overview
Greater Austin Chamber Of Commerce is located in Austin, TX. The organization was established in 1945. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Austin Chamber Of Commerce employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Austin 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, Greater Austin Chamber Of Commerce generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER'S MISSION IS TO PROVIDE LEADERSHIP THAT FACILITATES THE CREATION OF A PROSPEROUS REGIONAL ECONOMY AND RESULTS IN EFFECTIVE ADVOCACY FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY:THE CHAMBER TAKES ON THE BIGGEST CHALLENGES BUSINESSES ARE FACING SO MEMBERS CAN FOCUS ON GROWING THEIRS. IT PROVIDES OPPORTUNITIES FOR ITS MEMBERS TO INFLUENCE CIVIC, SOCIAL AND ECONOMIC INITIATIVES THAT SUPPORT COMMUNITY GROWTH.
ECONOMIC DEVELOPMENT:THE CHAMBER'S TEAM IS A KEY FACTOR IN WHY THE CENTRAL TEXAS REGION HAS EXPERIENCED INCREDIBLE JOB GROWTH AND PROSPERITY SINCE 2004. THE CHAMBER HELPS BRING JOB CREATORS TO THE REGION AND IS A PIVOTAL PARTNER IN HELPING LOCAL COMPANIES EXPAND THEIR BUSINESSES.
EDUCATION AND TALENT:THE CHAMBER HELPS PEOPLE GAIN THE SKILLS THEY NEED TO BE SUCCESSFUL AND HELPS BUSINESSES CONNECT TO TALENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Huffman President & CEO | OfficerTrustee | 40 | $448,663 |
Lynette Chasteen SVP Programs | 40 | $257,784 | |
Charisse Bodisch SVP Econ Dev | 40 | $229,337 | |
Leslie Gruver CFO | Officer | 40 | $195,475 |
Jeremy Martin Senior Advisor | 40 | $151,178 | |
Colleen Pate Chief Of Staff | 40 | $146,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,579,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,280,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,859,603 |
| Total Program Service Revenue | $3,805,750 |
| Investment income | $3,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,620 |
| 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 | $6,719,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $644,138 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,277,276 |
| Pension plan accruals and contributions | $178,287 |
| Other employee benefits | $338,970 |
| Payroll taxes | $271,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,474 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $257,410 |
| Royalties | $0 |
| Occupancy | $134,739 |
| Travel | $14,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $126,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,067 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,189,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448,314 |
| Savings and temporary cash investments | $792,949 |
| Pledges and grants receivable | $675,406 |
| Accounts receivable, net | $23,943 |
| 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 | $74,844 |
| Net Land, buildings, and equipment | $3,704,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $769,013 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,488,664 |
| Accounts payable and accrued expenses | $1,077,618 |
| Grants payable | $0 |
| Deferred revenue | $883,615 |
| 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 | $3,484,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,445,338 |
| Net assets without donor restrictions | $1,736,419 |
| Net assets with donor restrictions | $306,907 |
| 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 | $7,488,664 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Austin Chamber Of Commerce has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Austin Dmo Inc Austin, TX PURPOSE: For regional growth solutions | $25,000 |
Austin Dmo Inc Austin, TX PURPOSE: For Mural directory in public space | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |