Mcallen Chamber Of Commerce Inc
- Assets
- $4.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 19
- Location
- Mcallen, TX
- Founding
- 10/1943
- Data as of
- 09/2021
- EIN
- 74-0771990
Organization Overview
Mcallen Chamber Of Commerce Inc is located in Mcallen, TX. The organization was established in 1943. 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 09/2021, Mcallen Chamber Of Commerce Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcallen Chamber Of Commerce Inc 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 09/2021, Mcallen Chamber Of Commerce Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.4m during the year ending 09/2021. 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 SERVE MEMBERS, COMMUNITY, AND VISITORS BY ENHANCING ECONOMIC GROWTH AND QUALITY OF LIFE THROUGH LEADERSHIP, MARKETING, AND COLLABORATIVE PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED MEMBERS, COMMUNITY, AND VISITORS BY ENHANCING ECONOMIC GROWTH AND QUALITY OF LIFE THROUGH LEADERSHIP, MARKETING, AND COLLABORATIVE PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Ahlenius President & CEO | Officer | 40 | $173,107 |
Annette Franz Chairman-Elect | Trustee | 1 | $0 |
Joseph Habbouche Director | Trustee | 0.5 | $0 |
Stephan Wingert Treasurer | Trustee | 1 | $0 |
Cris Rivera Director | Trustee | 0.5 | $0 |
Dr Pablo Tagle III Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $257,052 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,947,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,165 |
| Noncash contributions included in lines 1a–1f | $1,665 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,222,104 |
| Total Program Service Revenue | $818,140 |
| Investment income | $37 |
| 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 | -$2,725 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,057,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,371 |
| Grants and other assistance to domestic individuals. | $2,142 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $194,574 |
| Compensation of current officers, directors, key employees. | $194,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $824,077 |
| Pension plan accruals and contributions | $72,796 |
| Other employee benefits | $92,973 |
| Payroll taxes | $80,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $162,429 |
| Office expenses | $6,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,379 |
| Insurance | $38,271 |
| All other expenses | $117,932 |
| Total functional expenses | $2,357,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $789,491 |
| Savings and temporary cash investments | $878,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,093 |
| 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 | $50,312 |
| Net Land, buildings, and equipment | $1,644,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,204,902 |
| Total assets | $4,673,913 |
| Accounts payable and accrued expenses | $41,038 |
| Grants payable | $0 |
| Deferred revenue | $227,319 |
| 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 | $0 |
| Other liabilities | $12,965 |
| Total liabilities | $281,322 |
| Net assets without donor restrictions | $2,296,419 |
| Net assets with donor restrictions | $2,096,172 |
| 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 | $4,673,913 |
Grants Awarded
Over the last fiscal year, Mcallen Chamber Of Commerce Inc has awarded $100,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PROSPORTS MASSAGE CLINIC PURPOSE: COVID GRANT | $10,000 |
SSB FASHIONS INC PURPOSE: COVID GRANT | $10,000 |
RESERVA COFFEE ROASTERS PURPOSE: COVID GRANT | $10,000 |
JAMES & JAMES FORMALWEAR PURPOSE: COVID GRANT | $10,000 |
JASON A BURKETT DDS PA PURPOSE: COVID GRANT | $10,000 |
BARN WHITE INC PURPOSE: COVID GRANT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mcallen Chamber Of Commerce Inc has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Rio Grande Valley Community Foundation McAllen, TX PURPOSE: Donation for Business Development | $26,500 |
The University Of Texas Rio Grande Valley Foundation Edinburg, TX PURPOSE: SPONSORSHIPS AND PROGRAM SUPPORT | $5,500 |
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 |